SUBARU, Mar-Nov (Cumulative 3Q) Ordinary Profit Loss Widens, Sep-Nov Ordinary Profit Loss Widens

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Fri Jan 10, 2025 3:00 pm JST Earnings

9778 SUBARU CO., LTD. 【J-GAAP】

Earnings Report

SUBARU CO., LTD. <9778> [TSE Std] announced its financial results in the afternoon session on January 10th (15:00). The ordinary loss (non-consolidated) for the cumulative third quarter of the fiscal year ending February 2025 (March to November) expanded to a loss of 81 million yen (compared to a loss of 60 million yen in the same period last year).

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the December to February period (4Q) is expected to expand 59.5% from the same period last year, reaching 351 million yen.

In the most recent three-month period, from September to November (3Q), the ordinary loss expanded to a loss of 43 million yen (compared to a loss of 31 million yen in the same period last year). The operating profit/loss margin worsened from -4.3% in the same period last year to -6.0%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Mar - Nov, 2022	2,391	47	64	65	110.0	21.3	Jan 13, 2023	J-GAAP
Mar - Nov, 2023	2,450	-73	-60	-64	-110.0	ー	Jan 12, 2024	J-GAAP
Mar - Nov, 2024	2,406	-91	-81	-66	-112.0	ー	Jan 10, 2025	J-GAAP
YoY	-1.8%	-24.7%	-35.0%	-3.1%	-1.8%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	1,876	183	189	72	122.0	120	Apr 12, 2024	J-GAAP
Sep - Feb, 2024 Guidance	2,092	303	308	200	338.5	120	Oct 11, 2024	J-GAAP
YoY	+11.5%	+65.6%	+63.0%	+177.8%	+177.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	3,511	281	300	217	368.9	120	Apr 14, 2023	J-GAAP
Feb, 2024	3,530	144	160	36	61.0	120	Apr 12, 2024	J-GAAP
Feb, 2025 Guidance	3,729	258	270	167	282.7	120	Apr 12, 2024	J-GAAP
YoY	+5.6%	+79.2%	+68.8%	+363.9%	+363.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	796	-34	-31	-28	-48.1	-4.3	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	1,080	217	220	100	169.4	20.1	Apr 12, 2024	J-GAAP
Mar - May, 2024	713	-94	-90	-65	-110.3	-13.2	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	924	49	52	32	54.4	5.3	Oct 11, 2024	J-GAAP
Sep - Nov, 2024	769	-46	-43	-33	-56.0	-6.0	Jan 10, 2025	J-GAAP
YoY	-3.4%	-35.3%	-38.7%	-17.9%	-16.4%