Subaru announced its results for April-June 2026. Net income fell 10% year on year to ¥49.1 billion, as domestic plant renovations and higher raw material costs weighed on shipments.
Subaru's consolidated results under IFRS for April-June 2026 showed net income of ¥49.1 billion, down 10% year on year. Revenue was ¥1.2508 trillion, while operating profit fell 44% to ¥42.5 billion. Revenue increased 3% over the period.
Global vehicle sales fell approximately 10% year on year to 220,000 units, as renovations at domestic plants and other factors affected shipments. Higher raw material costs and deteriorating market conditions also contributed to the decline in operating profit.
The full-year earnings forecast for the fiscal year ending March 2027 was left unchanged. Revenue is expected to rise 9% from the previous fiscal year to ¥5.2 trillion, while net income is projected to increase 43% to ¥130 billion. After the results announcement, the share price temporarily fell as much as 5%.