Posted Saturday, November 2, 2024 at 10:17pm
In the latest earnings report for the six months ending September 30, 2024, Subaru Corporation reported a modest increase in revenue and a significant rise in operating profit year-on-year, despite facing challenges such as decreased unit sales and higher sales incentives.
The key financial metrics reveal that Subaru’s revenue increased by 2.4% to 2,266.2 billion yen, driven by favorable foreign exchange rates and price adjustments. Operating profit rose by 19.5% to 222.0 billion yen, while profit attributable to owners increased by 8.0% to 163.0 billion yen. However, comprehensive income saw a sharp decline due to exchange rate fluctuations.
