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Subaru (7270) investor relations material
Subaru Q1 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue increased 3.0% year-over-year to 1,250.9 billion yen, but operating profit dropped 44.3% to 42.6 billion yen due to lower unit sales, higher incentives, and increased raw material costs.
Profit before tax declined by 17.0 billion yen to 61.4 billion yen, and net profit attributable to owners of parent fell 10.3% to 49.2 billion yen.
Comprehensive income surged to 61.3 billion yen from 28.6 billion yen a year earlier, driven by favorable FX translation differences.
U.S. tariffs impact decreased by 32.9 billion yen, but higher raw material costs and unfavorable market conditions reduced earnings by 17.0 billion yen.
Financial highlights
Consolidated revenue rose by 36.8 billion yen year-over-year to 1,250.9 billion yen.
Operating profit dropped by 33.8 billion yen to 42.6 billion yen year-over-year.
Gross profit margin decreased to 14.4% from 17.8% year-over-year.
Basic EPS was 69.02 yen, down from 75.03 yen in the prior year.
Cash and cash equivalents at quarter-end were 932.4 billion yen.
Outlook and guidance
Full-year forecasts remain unchanged: revenue of 5,200 billion yen, operating profit of 150.0 billion yen, and profit attributable to owners of parent at 130.0 billion yen.
Mixed-model production of BEVs and ICE vehicles at Yajima Plant to begin soon, aiming to maximize unit sales.
Focus on strengthening vehicle sales profit, advancing cost innovation, and expanding value chain profits.
- Operating profit plunged in FYE 2026, but FY2027 forecasts a strong rebound and ICE/HEV focus.7270
Q4 2026 - Profits plunged on lower sales, tariffs, and costs; profit guidance cut, treasury stock cancelled.7270
Q3 2026 - Revenue up 5.3%, profit down 53.8% on tariffs and costs; outlook and returns unchanged.7270
Q2 2026 - Revenue up 11%, but profit down 16% on tariffs and costs; major share buyback planned.7270
Q1 2026 - Net profit rose 14.7% to ¥84.0B, but full-year profit is forecast to decline.7270
Q1 2025 - Operating profit up 19.5% YoY, but full-year profit is forecast to decline.7270
Q2 2025 - Profit and sales fell on higher costs, but U.S. retail demand and dividends stayed strong.7270
Q4 2025 - Revenue up, profit outlook down as unit sales fall despite FX gains.7270
Q3 2025
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