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

Wed Jan 14, 2026 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 14th (15:00). The ordinary loss (non-consolidated) for the cumulative third quarter of the fiscal year ending February 2026 (March to November) was a reduced loss of 74 million yen (compared to a loss of 81 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 grow 18.1% from the same period last year, reaching 222 million yen.

In the most recent three-month period, from September to November (3Q), the ordinary loss improved to a deficit of 20 million yen (compared to a loss of 43 million yen in the same period last year). The operating profit/loss margin significantly improved from -6.0% in the same period last year to -2.7%.

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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, 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
Mar - Nov, 2025 2,348 -81 -74 -63 -107.1 ー Jan 14, 2026 J-GAAP
YoY -2.4% +11.0% +8.6% +4.5% +4.4%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2024 1,813 138 145 90 154.8 120 Apr 11, 2025 J-GAAP
Sep - Feb, 2025 Guidance 1,935 203 202 115 194.5 120 Oct 10, 2025 J-GAAP
YoY +6.7% +47.1% +39.3% +27.8% +25.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2024 3,530 144 160 36 61.0 120 Apr 12, 2024 J-GAAP
Feb, 2025 3,450 93 107 57 98.0 120 Apr 11, 2025 J-GAAP
Feb, 2026 Guidance 3,519 143 148 79 133.6 120 Apr 11, 2025 J-GAAP
YoY +2.0% +53.8% +38.3% +38.6% +36.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2024 769 -46 -43 -33 -56.0 -6.0 Jan 10, 2025 J-GAAP
Dec - Feb, 2024 1,044 184 188 123 211.5 17.6 Apr 11, 2025 J-GAAP
Mar - May, 2025 691 -104 -101 -66 -112.4 -15.1 Jul 11, 2025 J-GAAP
Jun - Aug, 2025 893 44 47 30 51.1 4.9 Oct 10, 2025 J-GAAP
Sep - Nov, 2025 764 -21 -20 -27 -45.9 -2.7 Jan 14, 2026 J-GAAP
YoY -0.7% +54.3% +53.5% +18.2% +18.0%

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