November 4, 2020

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.