Subaru Enterprise Co (9632) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 FY2025 was ¥8,062 million, up 3.8% year-over-year, while operating profit declined 5.0% to ¥1,551 million and net profit attributable to shareholders fell 3.4% to ¥1,076 million.

• The company is in the final year of its mid-term plan, focusing on performance improvement across all segments.

Financial highlights

• Gross profit for Q1 FY2025 was ¥2,082 million, with a gross margin of approximately 25.8%.

• Operating margin for the quarter was 19.2%, down from 21.0% in the prior year.

• EPS for Q1 FY2025 was ¥83.58, compared to ¥86.59 in the previous year.

• Total assets at quarter-end were ¥38,809 million, with net assets of ¥33,945 million and an equity ratio of 87.2%.

Outlook and guidance

• Full-year FY2025 guidance remains unchanged: revenue ¥29,157 million (down 0.3% YoY), operating profit ¥4,413 million (down 9.9%), net profit ¥2,934 million (down 10.7%), and EPS ¥227.70.