Subaru Enterprise Co (9632) Q3 2026 earnings summary

Executive summary

• Revenue for the nine months ended October 31, 2025, was ¥21,223 million, down 2.8% year-over-year.

• Operating income rose 1.5% to ¥3,592 million, and ordinary income increased 2.4% to ¥3,676 million year-over-year.

• Net income attributable to shareholders dropped 36.7% to ¥1,513 million due to a special loss related to antitrust law.

• The company launched a new three-year mid-term plan aiming for further value creation.

Financial highlights

• Gross profit for the period was ¥5,115 million, with a gross margin of approximately 24.1%.

• EPS for the period was ¥117.36, down from ¥185.67 in the prior year.

• Total assets increased to ¥42,123 million, and net assets rose to ¥36,139 million.

• Equity ratio stood at 85.5%, slightly down from 87.0% a year earlier.

Outlook and guidance

• Full-year revenue is forecast at ¥29,329 million, down 3.1% year-over-year.

• Operating income is projected at ¥4,505 million (down 6.3%), and net income at ¥2,092 million (down 35.4%).

• EPS for the full year is expected to be ¥162.18.

• The forecast was revised due to the recognition of a special loss.