Subaru Corporation today announced its consolidated financial results for the first half of the fiscal year ending March 31, 2021.
Results for April–September 2020: Consolidated Revenue
While vehicle sales in North America made a faster-than-expected recovery in the second quarter (July–September 2020), consolidated global vehicle sales decreased 27.9% to 363,000 units due to the major impact of the Covid-19 pandemic on first quarter operations.
Overseas vehicle sales fell 26.4% to 321,000 units, while vehicle sales in Japan dropped 37.4% to 43,000 units.
Due to the same reason noted above, consolidated revenue decreased 24.1% to 1,218.4 billion yen.
Global production fell 28.9% to 354,000 units for the aforementioned reason as well. Overseas production fell 22.7% to 133,000 units, while production in Japan declined 32.2% to 221,000 units.
Results for April–September 2020: Consolidated Profit and Loss
Due to the heavy impact of Covid-19 on first quarter operations, operating profit decreased 64.2 billion yen to 30.6 billion yen, profit before tax fell 57 billion yen to 36.1 billion yen, and profit for the period attributable to owners of parent declined 44.6 billion yen to 23.7 billion yen.
SOURCE: Subaru
