Revision of Financial Forecast for the Fiscal Year Ending 2021 (from April 1 to March 31, 2021)
November 4, 2020
Corporate&Financial
Revision of Financial Forecast
for the Fiscal Year Ending 2021 (from April 1 to March 31, 2021)
Company name: SUBARU CORPORATION
Representative: Tomomi Nakamura, Representative Director, President and CEO
Code number: 7270 (First Section of Tokyo Stock Exchange)
Contact for inquiries: Yasushi Nagae, Vice President
and General Manager of Investor Relations Department
Phone: +81-3-6447-8825
Considering the current business trend, Subaru Corporation has announced the revision of financial forecast for the fiscal year ending March 31, 2021 (from April 1 to March 31, 2021) which was released at the timing of consolidated financial results announcement on August 4, 2020.
1. Revision of consolidated financial forecast for the fiscal year ending 2021 (from April 1 to March 31, 2021)
| Revenue | Operating profit |
Profit before tax |
Profit for the period attributable to owners of parent |
Profit for the period per share, basic |
|
| Previous forecast (A) | Millions of yen 2,900,000 |
Millions of yen 80,000 |
Millions of yen 87,000 |
Millions of yen 60,000 |
Yen 78.25 |
| Revised forecast (B) | 2,950,000 | 110,000 | 117,000 | 80,000 | 104.32 |
| Increase and decrease (B-A) | 50,000 | 30,000 | 30,000 | 20,000 | |
| Change of percentage (%) | 1.7 | 37.5 | 34.5 | 33.3 | |
| (Ref.) Actual results of previous fiscal year (Ended March 2020) |
3,344,109 | 210,319 | 207,656 | 152,587 | 198.99 |
2. Reason for the announcement
In light of the faster-than-expected sales recovery especially in the U.S., the Company has revised the consolidated financial forecast for the fiscal year ending March 31, 2021 from the previous announcement made on August 4, 2020.
The revised forecast is based on exchange rates assumptions of ¥106/US$(previously ¥105/US$) and ¥120/EUR(previously ¥120/EUR).
3. Dividends
There is no revision of dividend forecast.
Note: Forward-looking statements in this document including financial and other forecasts are based on the information available at the time of announcement and are subject to various risks and uncertainties that could cause actual results to vary materially.