By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The Auto Magazine
  • Home
  • Auto Shows
    Auto ShowsShow More
    LDV (Maxus as Known in China) Makes a Bold Statement at Shanghai Motor Show
    April 30, 2025
    Upcoming OMODA C3 redefines the crossover with cyber-mecha aesthetics
    April 29, 2025
    Mazda Unveils MAZDA EZ-60 New Electric SUV at Auto Shanghai 2025 
    April 29, 2025
    Chery unveils HIMLA brand at 2025 Shanghai Auto Show
    April 28, 2025
    World Champion to drive special Volkswagen Polo at Simola Hillclimb
    April 28, 2025
  • Bikes
    BikesShow More
    BMW Motorrad presents the new R 18 models
    January 22, 2025
    BMW Motorrad presents the BMW Concept F 450 GS
    November 5, 2024
    BMW Motorrad presents the new bikes
    November 1, 2024
    24YM HONDA NX500
    October 15, 2024
    BMW Motorrad presents the new BMW C 400 GT and BMW C 400 X
    October 15, 2024
  • News
    NewsShow More
    Action, adrenaline and lots of excitement at 15th Simola Hillclimb
    April 30, 2025
    Chery puts Tiggo 9 CSH flagship to the test in extreme safety demonstrations
    April 30, 2025
    SA Rugby Welcomes Hyundai as an Official Sponsor of Junior and Youth Week Rugby
    April 30, 2025
    Stellantis Reports Q1 2025 Net Revenues and Shipments
    April 30, 2025
    Aston Martin DBX S: A new flagship for the supercar of SUVs
    April 30, 2025
  • Concepts
    ConceptsShow More
    Audi unveils Q6 e-tron offroad concept
    January 28, 2025
    CITROEN PRESENTS C5 AIRCROSS CONCEPT
    October 15, 2024
    Lotus Unveils Theory 1:  The Future Of Intelligent Performance
    September 23, 2024
    First sketches of Škoda Enyaq RS Race
    May 3, 2024
    W16 Mistral: the art of bringing Bugatti’s ultimate roadster to life
    January 24, 2024
  • EVs
    EVsShow More
    Mazda Unveils MAZDA EZ-60 New Electric SUV at Auto Shanghai 2025 
    April 29, 2025
    RANGE ROVER ELECTRIC PROTOTYPES EXCEL IN LATEST WINTER TESTING AND DEVELOPMENT CYCLE
    April 25, 2025
    ELECTRIFIED LUXURY REDEFINED: THE ALL-NEW LEXUS ES
    April 24, 2025
    Volvo EX90 claims World Luxury Car title
    April 17, 2025
    DFSK South Africa rolls out EC35 Electric Panel Van
    April 15, 2025
  • Motosport
    MotosportShow More
    BROTHER LEADER TREAD KTM DOMINATES OPENING DOUBLE-HEADER OF THE NATIONAL ENDURO CHAMPIONSHIP
    April 30, 2025
    HIGHS AND LOWS FOR HUSQVARNA RACING AT NATIONAL ENDURO DOUBLE-HEADER
    April 30, 2025
    Ford is Ready to Tackle the Simola Hillclimb with Over 6 000 Horsepower
    April 30, 2025
    TOYOTA GAZOO RACING JUNIOR ACADEMY SHINES AT MIDWAY POINT OF NATIONAL ROTAX CAMPAIGN
    April 29, 2025
    Kgopotso ‘KJ’ Mononyane Scores Points in Opening Round of 2025 Red Bull MotoGP Rookies Cup
    April 29, 2025
  • Trucks & Buses
    Trucks & BusesShow More
    Volvo reaches milestone with 5,000 electric trucks sold worldwide
    April 29, 2025
    HINO ONCE AGAIN ANSWERS FARMERS’ CALL FOR HELP
    April 24, 2025
    Daimler Truck Southern Africa appoints Wolf Edmayr as the General Manager of TruckStore
    March 28, 2025
    ISUZU Motors South Africa Celebrates 60 Years of Isuzu Trucks in South Africa
    March 3, 2025
    Itumeleng Segage, General Manager of Hino South Africa
    HINO SCORES MORE THAN 99% IN ALL FOUR CUSTOMER CARE SURVEY CATEGORIES
    February 5, 2025
  • Reviews
    ReviewsShow More
    Tow Like a Pro with the Ford Ranger
    April 10, 2025
    MEET THE ALL-NEW LEXUS GX: A PREMIUM OFF-ROADER REIMAGINED
    April 8, 2025
    Aston Martin Vanquish Volante: The world’s fastest, most powerful front-engine convertible
    March 29, 2025
    The legend grows: introducing the Toyota Hilux Hybrid 48v and GR SPORT II
    March 29, 2025
    THE ALL-NEW GWM P300 – BRING IT ON!
    March 3, 2025
  • Tech
    TechShow More
    Chery unveils AiMOGA: Revolutionising the car-buying experience through intelligent robotics
    April 24, 2025
    Volvo Cars uses AI and virtual worlds with the aim to create safer cars
    March 21, 2025
    Chery drives AI innovation with DeepSeek partnership
    March 3, 2025
    Stellantis Unveils STLA AutoDrive
    February 20, 2025
    Mercedes-Benz and Google Partner on AI-powered Conversational Search within Navigation Systems
    January 14, 2025
Hot News
BROTHER LEADER TREAD KTM DOMINATES OPENING DOUBLE-HEADER OF THE NATIONAL ENDURO CHAMPIONSHIP
HIGHS AND LOWS FOR HUSQVARNA RACING AT NATIONAL ENDURO DOUBLE-HEADER
Action, adrenaline and lots of excitement at 15th Simola Hillclimb
Chery puts Tiggo 9 CSH flagship to the test in extreme safety demonstrations
SA Rugby Welcomes Hyundai as an Official Sponsor of Junior and Youth Week Rugby
Motosport

Ohta takes first win in season finale

Motosport

TOYOTA GAZOO Racing Qatar 1812 KM: Preview

L-R - Dr Mthunzikazi Ngqongwa, Sats Ranchod, Russell Coleman, Babalwa Klaas, Tiz Bonadei, Martha Ndesi, Anthony Hunneyball, Dr Tumelo Seota, Lloyd Rudlin, Richard Kasika.
Latest News

Volkswagen Group Africa recognised as a Top Employer

Reviews

Major upgrade for the ID.3

Font ResizerAa
The Auto MagazineThe Auto Magazine
  • Home
  • Auto Shows
  • Bikes
  • News
  • Concepts
  • EVs
  • Motosport
  • Trucks & Buses
  • Reviews
  • Tech
Search
  • Home
  • Auto Shows
  • Bikes
  • News
  • Concepts
  • EVs
  • Motosport
  • Trucks & Buses
  • Reviews
  • Tech
Follow US
Crafted by Intellegere Media. © 2024 The Auto Magazine. All rights reserved.
Latest News

Subaru Corporation Announces Consolidated Financial Results for the Nine Months of FYE2024

Itumeleng Garebatshabe
Last updated: February 8, 2024 11:16
By Itumeleng Garebatshabe
130 Views
3 Min Read
Share
3 Min Read
SHARE

Subaru Corporation today announced its consolidated financial results for the nine months ended December 31, 2023.

Results for April–December 2023: Consolidated Revenue
Global production increased 12.7% to 757,000 units due to continued initiatives in production and parts procurement.

Production in Japan rose 7.3% to 491,000 units, while production in the U.S. grew 24.3% to 266,000 units.
As a result of the production increase, global unit sales rose 15.8% to 736,000 units, led by steady sales in Subaru’s key U.S. market.

Consolidated revenue rose 24.5% to 3,496.4 billion yen, due to factors including the increase in sales volume and the positive impact of foreign exchange rates.

Results for April–December 2023: Consolidated Profit and Loss
As factors such as the increase in sales volume and the positive impact of foreign exchange rates more than offset the increases in SG&A expenses and raw material costs, operating profit rose 73.6% to 371.0 billion yen, profit before tax grew 93.5% to 416.2 billion yen, and profit for the period attributable to owners of parent increased 93.5% to 298.9 billion yen.

Forecast for FYE2024
As the positive impact of foreign exchange rates and an improvement in sales mix are expected to more than offset an increase in SG&A expenses, a decrease in sales volume, and potential parts supply constraints, the Company is revising upward its previous forecasts for FYE 2024 (announced on November 2, 2023) as follows:

- Operating profit: 450 billion yen (an increase of 30 billion yen from the previous forecast)

- Profit before tax: 490 billion yen (an increase of 30 billion yen from the previous forecast)

- Profit for the period attributable to owners of parent: 340 billion yen (an increase of 20 billion yen from the previous forecast)

Forecasts for FYE2024 are based on exchange rate assumptions of 143 yen to the U.S. dollar and 154 yen to the euro.

Notes on figures in the results:
Vehicle volume figures are rounded to the nearest thousand. Yen figures are rounded to the nearest hundred million.

Forward-looking statements in this document, including financial and other projections, are based on information available at the time of publication and are subject to various risks and uncertainties that could cause actual results to vary materially.

Reference for the First Nine Months of FYE 2024 Consolidated Financial Results

TAGGED:financial resultsFYE2024Subaru

Sign Up For Daily Newsletter

Stay Updated! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp LinkedIn VKontakte Telegram Email Copy Link Print
Share
ByItumeleng Garebatshabe
Editor
Follow:
Itumeleng is the Managing Editor of The Auto Magazine. He is a tech and car enthusiast

Follow US

FacebookLike
XFollow
InstagramFollow
YoutubeSubscribe
TiktokFollow
TelegramFollow
Google NewsFollow
LinkedInFollow

You Might Also Like

Latest News

Volkswagen Group achieves robust annual results for 2023, with a strong fourth quarter

By Itumeleng Garebatshabe
March 2, 2024
Latest News

7th Edition of Festival of Motoring speeds into Kyalami this August!

By Itumeleng Garebatshabe
April 11, 2024
Latest News

Mercedes-Benz Group preliminary results for the Q1 2023 exceed capital market expectations

By Itumeleng Garebatshabe
April 21, 2023
Latest News

Stellantis Employees Rewarded Nearly €1.9 Billion Worldwide for 2023 Performance

By Itumeleng Garebatshabe
February 15, 2024
Nikolai Setzer, Chairman of the Executive Board and Katja Garcia Vila, member of the Executive Board, Finance, Controlling and IT, on the occasion of the Annual Press Conference on March 7, 2024
Latest News

Continental Increases Earnings in 2023 and Targets Further Improvement This Year

By Itumeleng Garebatshabe
March 8, 2024
Latest News

LOTUS TECHNOLOGY REPORTS UNAUDITED FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS

By Itumeleng Garebatshabe
April 11, 2024

The Auto Magazine

  • Advertise
  • About Us
  • Contact
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
  • Bikes
  • Electric Vehicles
  • Trucks & Buses
  • Auto Shows
  • Latest News
  • Motosport

Crafted by Intellegere Media. All rights reserved. 2024

Don't not sell my personal information
Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc.

Zero spam, Unsubscribe at any time.
adbanner