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

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%.

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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%

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