SUBARU CORP ( (FUJHF) ) has released its Q2 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 sectors, is listed on the Tokyo Stock Exchange and is recognized for its commitment to innovation and technology.
In the latest earnings report for the six months ending September 30, 2024, Subaru Corporation reported a modest increase in revenue and a significant rise in operating profit year-on-year, despite facing challenges such as decreased unit sales and higher sales incentives.
The key financial metrics reveal that Subaru’s revenue increased by 2.4% to 2,266.2 billion yen, driven by favorable foreign exchange rates and price adjustments. Operating profit rose by 19.5% to 222.0 billion yen, while profit attributable to owners increased by 8.0% to 163.0 billion yen. However, comprehensive income saw a sharp decline due to exchange rate fluctuations.
Production in the automobile division decreased slightly, with domestic production declining by 7.1% and overseas production seeing a minor increase. The aerospace division saw a 14.9% increase in revenue, despite reporting a segment loss. The company’s financial position remains strong, with a slight decrease in total assets and equity.
Looking ahead, Subaru Corporation remains cautiously optimistic, maintaining its financial forecast for the fiscal year ending March 31, 2025. The company aims to navigate market challenges while focusing on strategic investments and enhancing shareholder value.
