Subaru Income Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	4,668,381	4,685,763	4,702,947	3,774,468	2,744,520	2,830,210
Revenue Growth (YoY)	-1.57%	-0.36%	24.60%	37.53%	-3.03%	-15.37%
Cost of Revenue	3,935,249	3,705,419	3,710,521	3,037,993	2,240,595	2,337,614
Gross Profit	733,132	980,344	992,426	736,475	503,925	492,596
Selling, General & Admin	394,031	352,494	332,424	308,535	272,700	252,415
Research & Development	169,316	142,448	113,508	114,400	103,587	104,157
Other Operating Expenses	67,337	33,500	35,013	8,826	3,208	4,481
Operating Expenses	630,684	567,298	516,626	465,241	409,931	388,505
Operating Income	102,448	413,046	475,800	271,234	93,994	104,091
Interest Expense	-48,008	-4,110	-2,525	-2,134	-1,775	-1,946
Interest & Investment Income	87,042	70,581	55,482	26,839	7,078	4,817
Earnings From Equity Investments	-6	10	-899	141	-1,310	-120
Currency Exchange Gain (Loss)	-	-34,938	17,114	-8,752	7,505	3,489
Other Non Operating Income (Expenses)	-	-236	-67	718	3,304	4,855
EBT Excluding Unusual Items	141,476	444,353	544,905	288,046	108,796	115,186
Gain (Loss) on Sale of Investments	-	-2,177	5,290	-10,051	1,864	10,177
Gain (Loss) on Sale of Assets	-	-8,053	-7,006	-980	-5,079	-4,661
Asset Writedown	-	14,384	-10,615	5,187	1,391	-6,748
Legal Settlements	-	-	-	-3,836	-	-
Pretax Income	141,476	448,507	532,574	278,366	106,972	113,954
Income Tax Expense	37,656	110,355	148,004	79,282	36,376	36,634
Earnings From Continuing Operations	103,820	338,152	384,570	199,084	70,596	77,320
Minority Interest in Earnings	-76	-90	514	1,347	-589	-810
Net Income	103,744	338,062	385,084	200,431	70,007	76,510
Net Income to Common	103,744	338,062	385,084	200,431	70,007	76,510
Net Income Growth	-74.30%	-12.21%	92.13%	186.30%	-8.50%	-49.86%
Shares Outstanding (Basic)	728	738	756	767	767	767
Shares Outstanding (Diluted)	728	738	756	767	767	767
Shares Change (YoY)	-2.09%	-2.40%	-1.40%	0.01%	0.01%	0.01%
EPS (Basic)	142.56	458.03	509.20	261.33	91.28	99.77
EPS (Diluted)	142.56	458.00	509.18	261.32	91.28	99.77
EPS Growth	-73.75%	-10.05%	94.85%	186.27%	-8.51%	-49.86%
Free Cash Flow	150,868	321,275	579,518	368,762	94,400	164,651
Free Cash Flow Per Share	207.31	435.25	766.26	480.79	123.09	214.71
Dividend Per Share	124.000	115.000	86.000	76.000	56.000	56.000
Dividend Growth	44.19%	33.72%	13.16%	35.71%	-	-44.00%
Gross Margin	15.70%	20.92%	21.10%	19.51%	18.36%	17.41%
Operating Margin	2.20%	8.82%	10.12%	7.19%	3.43%	3.68%
Profit Margin	2.22%	7.22%	8.19%	5.31%	2.55%	2.70%
Free Cash Flow Margin	3.23%	6.86%	12.32%	9.77%	3.44%	5.82%
EBITDA	353,117	645,587	693,580	511,040	318,049	310,408
EBITDA Margin	7.56%	13.78%	14.75%	13.54%	11.59%	10.97%
D&A For EBITDA	250,669	232,541	217,780	239,806	224,055	206,317
EBIT	102,448	413,046	475,800	271,234	93,994	104,091
EBIT Margin	2.20%	8.82%	10.12%	7.19%	3.43%	3.68%
Effective Tax Rate	26.62%	24.61%	27.79%	28.48%	34.01%	32.15%
Advertising Expenses	-	108,312	101,084	84,484	76,671	69,724

Source: S&P Global Market Intelligence. Standard template. Financial Sources.