kabutan

SUBARU CORPORATION, First Half Net Income Increases by 8%

Fri Nov 1, 2024 1:00 pm JST Earnings

7270 SUBARU CORPORATION 【IFRS】

Earnings Report

SUBARU CORPORATION <7270> [TSE-P] announced its financial results (based on IFRS) in the afternoon session on November 1st (13:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 8.0% from the same period last year, reaching 163 billion yen. The progress rate against the 300 billion yen full-year plan was 54.3%, also surpassing the five-year average of 43.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to drop by 41.5% from the same period last year to 136 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income amounted to 79 billion yen, an increase of 1.7% compared to the same period last year. The operating profit margin improved from 9.0% in the same period last year to 11.1%.

Kabutan News

Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2022 1,750,896 110,445 120,356 77,858 101.5 43.2 Nov 2, 2022 IFRS
Apr - Sep, 2023 2,213,455 185,842 226,453 150,948 198.6 42.5 Nov 2, 2023 IFRS
Apr - Sep, 2024 2,266,158 221,997 220,972 163,033 219.1 52.6 Nov 1, 2024 IFRS
YoY +2.4% +19.5% -2.4% +8.0% +10.3%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance ー ー ー ー － 48 May 13, 2024 IFRS
Apr - Sep, 2024 Results 2,266,158 221,997 220,972 163,033 219.1 48 Nov 1, 2024 IFRS
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 2,489,492 282,356 306,121 234,136 309.6 58 May 13, 2024 IFRS
Oct - Mar, 2024 Guidance 2,453,842 178,003 199,028 136,967 187.4 48 Nov 1, 2024 IFRS
YoY -1.4% -37.0% -35.0% -41.5% -39.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 3,774,468 267,483 278,366 200,431 261.3 76 May 11, 2023 IFRS
Mar, 2024 4,702,947 468,198 532,574 385,084 509.2 106 May 13, 2024 IFRS
Mar, 2025 Guidance 4,720,000 400,000 420,000 300,000 410.4 96 May 13, 2024 IFRS
YoY +0.4% -14.6% -21.1% -22.1% -19.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,131,315 101,375 111,089 77,706 102.2 9.0 Nov 2, 2023 IFRS
Oct - Dec, 2023 1,282,943 185,151 189,773 147,911 195.2 14.4 Feb 8, 2024 IFRS
Jan - Mar, 2024 1,206,549 97,205 116,348 86,225 114.0 8.1 May 13, 2024 IFRS
Apr - Jun, 2024 1,092,134 91,126 108,026 84,007 112.1 8.3 Aug 5, 2024 IFRS
Jul - Sep, 2024 1,174,024 130,871 112,946 79,026 106.2 11.1 Nov 1, 2024 IFRS
YoY +3.8% +29.1% +1.7% +1.7% +3.9%

Related Articles