Subaru Enterprise shares fall sharply after double-digit operating profit decline in Q1
Subaru Enterprise Co., Ltd. <9632> shares fell sharply after reporting first-quarter (February-April) consolidated earnings after the close on the 10th, as a double-digit profit decline weighed on investor sentiment.
Revenue rose 1.7% year-on-year to 7.965 billion yen, while operating profit fell 13.3% to 1.56 billion yen and net profit fell 12.3% to 1.075 billion yen.
In its core road-related segment, large-scale bridge repairs progressed smoothly and road maintenance operations expanded. However, results were dragged down by the absence of price-slide adjustments recorded the previous year.
Subaru Enterprise maintained its full-year forecast for the year ending January 2027, projecting revenue of 30.03 billion yen, operating profit of 4.551 billion yen, and net profit of 3.107 billion yen.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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