Subaru Enterprise Co (9632) Q1 2027 earnings summary

Executive summary

• Revenue for Q1 FY2027 was ¥7,965 million, up 1.7% year-over-year, while operating profit fell 13.3% to ¥1,560 million and net profit attributable to shareholders dropped 12.3% to ¥1,075 million.

• The company is in the second year of its three-year mid-term plan, focusing on enhancing corporate value across all business segments.

Financial highlights

• Operating profit margin declined due to lower segment profits, especially in the road-related business.

• EPS for Q1 was ¥83.35, down from ¥95.13 in the prior year.

• Total assets at quarter-end were ¥44,077 million, up from ¥43,828 million at the previous fiscal year-end.

• Equity ratio improved to 85.1% from 84.3% year-end.

Outlook and guidance

• Full-year revenue is forecast at ¥30,030 million (+1.4% YoY), with operating profit and ordinary profit both expected to decline 6.4% year-over-year.

• Net profit for the year is projected at ¥3,107 million (+28.2% YoY), with annual dividend forecast unchanged at ¥80 per share.

• No changes to previously announced guidance.