October 23, 2018
Revision of Performance Projection
for the First Half of the Fiscal Year Ending 2019 (from April 1 to September 30, 2018)
Company name: SUBARU CORPORATION
Representative: Tomomi Nakamura, Representative Director, President and CEO
Code number: 7270 (First Section of Tokyo Stock Exchange)
Contact for inquiries: Katsuo Saito, Vice President
and General Manager of Administration Department
Phone: +81-3-6447-8825
Considering the current business trend, Subaru Corporation has announced the revision of performance projection for the first half of the fiscal year ending March 31, 2019 (from April 1 to September 30, 2018) which was released at the timing of consolidated financial results announcement on August 6, 2018.
1. Revision of consolidated basis performance projection for the first half of the fiscal year 2019
(from April 1 to September 30, 2018)
| Net sales | Operating Income | Ordinary Income | Net Income* | Net Income Per Share |
|
| Previous projection (A) | Millions of yen 1,463,100 |
Millions of yen 110,000 |
Millions of yen 111,700 |
Millions of yen 79,100 |
Yen 103.17 |
| Revised projection (B) | 1,486,000 | 61,000 | 66,000 | 49,000 | 63.91 |
| Increase and decrease (B-A) | 22,900 | (49,000) | (45,700) | (30,100) | |
| Change of percentage (%) | 1.6 | (44.5) | (40.9) | (38.1) | |
| Actual results of the first half of the fiscal 2018 (ended September 30, 2017) |
1,608,013 | 212,125 | 212,726 | 85,005 | 110.87 |
*Net income attributable to owners of parent
Note: The Company has changed its accounting policies with effect from the first quarter of FYE 2019. Accordingly, the new policies have been retroactively applied to FYE 2018 results before carrying out year-on-year comparison and analysis of net sales figures.
2. Reasons for the Changes
The Company has revised the consolidated performance projection for the first half of fiscal year ending March 31, 2019 as above due mainly to quality-related expenses which offset foreign exchange gains.
The revised projection is based on assumed foreign exchange rates of ¥109/US$(previously ¥105/US$) and ¥131/EUR(previously ¥130/EUR).
Full-year consolidated performance projection for the fiscal year ending March 31, 2019 is currently under examination and will be published concurrent with the release of consolidated financial results for the first half scheduled for November 5, 2018.
3. Dividends
There is no revision of dividend forecast.
Note: Above mentioned projections are based on certain assumptions and our management’s judgment in light of currently available information, therefore actual results may differ from these projections.
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