**Subaru Corp Reports Decline in First-Half Earnings Despite Higher Sales**
Subaru Corp (FUJHY, 7270.T), a leading manufacturer of automobiles and aerospace products, announced on Monday a significant drop in first-half earnings, even as sales increased by 5.3%. The company also reiterated its previously issued guidance for the fiscal year ending March 31, 2026.
For the half-year period, net profit attributable to the owners of the firm fell 44.5% to 90.42 billion yen, or 123.89 yen per share, compared to 163.03 billion yen, or 219.08 yen per share, in the same period last year. Operating profit declined by 53.8%, totaling 102.67 billion yen, down from 221.10 billion yen a year ago.
In contrast, revenue rose to 2,385.66 billion yen from 2,266.16 billion yen in the previous year.
Looking ahead to the full fiscal year ending in March, Subaru continues to expect net profit to be 160 billion yen, a decrease of 52.7% from the previous year. Per share earnings are forecasted at 218.87 yen. The company’s full-year revenue guidance remains unchanged at 4,580 billion yen, representing a 2.3% decline year-over-year.
Shares of Subaru Corp were trading 1.90% higher at 3,372 yen on the Tokyo Stock Exchange following the announcement.
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https://www.nasdaq.com/articles/subaru-corp-h1-earnings-drop-reaffirms-fy-outlook
