SUBARU CORP ( (FUJHF) ) has released its Q3 earnings. Here is a breakdown of the information SUBARU CORP presented to its investors.
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Subaru Corporation, a prominent player in the automotive and aerospace industries, has released its latest earnings, highlighting its financial performance for the nine months ending December 31, 2024. The company is known for its innovative automobile designs and robust performance in the aerospace sector, primarily focusing on the Japanese and global markets.
Subaru reported a slight increase in revenue, reaching 3,536.3 billion yen, marking a 1.1% rise from the previous year. Despite this, operating profit saw a minor decline of 0.5% to 369.2 billion yen. The company attributes the revenue growth to favorable price revisions and beneficial foreign exchange rates, although these were offset by a decrease in unit sales and increased sales incentives.
Key financial metrics reveal that the profit before tax rose by 2.4% to 426 billion yen, and profit attributable to owners of the parent increased by 6.2% to 317.4 billion yen. The automotive segment, the company’s largest division, witnessed a modest revenue increase of 1.0% to 3,456.3 billion yen, despite a 3.8% decline in combined domestic and overseas unit sales. In contrast, the aerospace division saw a revenue increase of 7.1%, although it recorded a segment loss due to decreased commercial deliveries.
Subaru’s total assets grew to 5,047 billion yen, reflecting a stable financial position with increased equity and a slight rise in liabilities. The company’s forecast for the fiscal year ending March 31, 2025, predicts a 1.2% revenue growth, anticipating continued contributions from foreign exchange fluctuations.
Looking ahead, Subaru Corporation’s management remains cautiously optimistic, focusing on strategic adjustments to enhance operational efficiency and adapt to market challenges. The company aims to leverage its strong brand presence and innovative capabilities to maintain a steady growth trajectory in the competitive automotive and aerospace sectors.
