November 2, 2022
Company Name: SUBARU CORPORATION
Representative: Tomomi Nakamura, Representative Director, President and CEO (Securities code: 7270; Tokyo Stock Exchange Prime Market)
Contact for inquiries: Yasushi Nagae, Vice President and General Manager of Investor Relations Department Phone: +81-3-6447-8825
Revision of Financial Forecast
for the Fiscal Year Ending 2023 (from April 1 to March 31, 2023)
Considering the current business trend, Subaru Corporation has announced the upward revision of financial forecast for the fiscal year ending March 31, 2023 (from April 1 to March 31, 2023) which was released at the timing of consolidated financial results announcement on May 12, 2022.
1. Financial forecast
Revision of consolidated financial forecast for the fiscal year ending 2023 (from April 1 to March 31, 2023)
Profit for the | Profit for the | |||||||||||||||
period | ||||||||||||||||
Operating | Profit before | period | ||||||||||||||
Revenue | attributable to | |||||||||||||||
profit | tax | per share, | ||||||||||||||
owners of | ||||||||||||||||
basic | ||||||||||||||||
parent | ||||||||||||||||
Previous forecast (A) | Millions of yen | Millions of yen | Millions of yen | Millions of yen | Yen | |||||||||||
3,500,000 | 200,000 | 200,000 | 140,000 | 182.55 | ||||||||||||
Revised forecast (B) | 3,800,000 | 300,000 | 300,000 | 210,000 | 273.81 | |||||||||||
Increase and decrease (B-A) | 300,000 | 100,000 | 100,000 | 70,000 | ||||||||||||
Change of percentage (%) | 8.6 | 50.0 | 50.0 | 50.0 | ||||||||||||
(Ref.) Actual results of previous | 2,744,520 | 90,452 | 106,972 | 70,007 | 91.28 | |||||||||||
fiscal year (Ended March 2022) | ||||||||||||||||
2. Reason for the revision
Despite the production constraints due in part to semiconductor supply shortages and the impact of surging raw material prices, the Company revises the consolidated financial forecast for the fiscal year ending March 31, 2023 from the previous announcement made on May 12, 2022 to reflect the expected effects of higher sales and profits from exchange rate fluctuations, pricing policies, an improved sales mix, and the like. Exchange rates assumed for forecast of the full-year consolidated earnings are 133 yen per US dollar (previously 120 yen per US dollar) and 136 yen per euro (previously 130 yen per euro).
Note: Forward-looking statements in this document including financial and other forecasts are based on the information available at the time of announcement and are subject to various risks and uncertainties that could cause actual results to vary materially.
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Subaru Corp. published this content on 02 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 November 2022 04:39:08 UTC.