Subaru : Consolidated Financial ResultsPDF/283kB

	Consolidated Financial Results
	for the Nine Months Ended December 31, 2021
	(Under IFRS)
	February 7, 2022
Company name	: SUBARU CORPORATION
Listing	: Tokyo Stock Exchange
Securities code	: 7270
URL	: https://www.subaru.co.jp/en/ir/
Representative	: Tomomi Nakamura, President and CEO
Inquiries	: Yasushi Nagae, Vice President and General Manager of Investor Relations Department
Telephone	: [phone]

Scheduled date to file quarterly securities report	:	February 10, 2022
Scheduled date to commence dividend payments	:	－
Preparation of supplementary material on quarterly financial results :	Yes
Holding of quarterly financial results briefing	: Yes (for investment analysts and institutional investors)

(Yen amounts are rounded off to millions, unless otherwise noted.)

1. Consolidated financial results for the nine months ended December 31, 2021 (from April 1, 2021 to December 31, 2021)

(1) Consolidated operating results (cumulative)

(Percentages indicate year-on-year changes.)

Profit for the

Profit for the

Total

Revenue

Operating profit

Profit before tax

period attributable

comprehensive

period

to owners of parent

income

Nine months ended

Millions of

%

Millions of

%

Millions of

%

Millions of

%

Millions of

%

Millions

%

yen

yen

yen

yen

yen

of yen

December 31, 2021

2,007,514

(3.2)

77,186

(21.4)

91,250

(13.7)

63,070

(15.8)

62,868

(15.3)

101,639

91.3

December 31, 2020

2,074,829

(16.5)

98,254

(35.6)

105,686

(31.0)

74,930

(32.7)

74,205

(33.6)

53,136

(51.5)

Profit for the period

Profit for the period

per share, basic

per share, diluted

Nine months ended

Yen

Yen

December 31, 2021

81.98

－

December 31, 2020

96.77

－

(2) Consolidated financial position

Equity attributable to

Ratio of equity

Total assets

Total equity

attributable to owners of

owners of parent

parent to total assets

As of

Millions of yen

Millions of yen

Millions of yen

%

December 31, 2021

3,393,766

1,845,185

1,835,852

54.1

March 31, 2021

3,411,712

1,786,383

1,777,735

52.1

2. Cash dividends

Annual dividends per share

First quarter-end

Second quarter-end Third quarter-end

Fiscal year-end

Total

Yen

Yen

Yen

Yen

Yen

Fiscal year ended

－

28.00

－

28.00

56.00

March 31, 2021

Fiscal year ending

－

28.00

－

March 31, 2022

Fiscal year ending

March 31, 2022

28.00

56.00

(Forecast)

Note: Revisions to the forecast of cash dividends most recently announced: None

3. Forecast of consolidated results for the fiscal year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)

								Profit for the period	Profit for the period
	Revenue		Operating profit	Profit before tax	attributable to
		per share, basic
								owners of parent
Fiscal year ending	Millions of	%	Millions of	%	Millions of	%	Millions of	%	Yen
March 31, 2022	yen	yen	yen	yen
(Forecast)	2,700,000		(4.6)	100,000	(2.4)	110,000	(3.5)	75,000	(2.0)	97.80

Note: Revisions to the forecast of consolidated results most recently announced: Yes

• Notes

1. Changes in significant subsidiaries during the period

(changes in specified subsidiaries resulting in the change in scope of consolidation): None

(2) Changes in accounting policies and changes in accounting estimates

(i) Changes in accounting policies required by IFRS	: None
(ii) Changes in accounting policies due to other reasons	: None
(iii)Changes in accounting estimates	: None

1. Number of issued shares (ordinary shares)

1. Total number of issued shares at the end of the period (including treasury shares)

	As of December 31,2021	769,175,873	shares
	As of March 31,2021	769,175,873	shares
(ii) Number of treasury shares at the end of the period
	As of December 31,2021	2,246,441	shares
	As of March 31,2021	2,305,130	shares

(iii)Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)

Nine months ended December 31,2021	766,906,380	shares
Nine months ended December 31,2020	766,851,309	shares

• Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.
• Proper use of earnings forecasts, and other special matters
  The performance projections were based on the information available as of the date when this document was released. Therefore, actual results may differ considerably due to various factors that might occur in the future.

Index of the attachments
Condensed quarterly consolidated financial statements..............................................................................	2
(1)	Condensed quarterly consolidated statement of financial position.....................................................	2
(2)	Condensed quarterly consolidated statement of income and condensed quarterly consolidated
	statements of comprehensive income.......................................................................................................	4
	Condensed quarterly consolidated statement of income.......................................................................	4
	Condensed quarterly consolidated statement of comprehensive income...........................................	5
(3)	Condensed quarterly consolidated statement of changes in equity....................................................	6
(4)	Condensed quarterly consolidated statement of cash flows................................................................	7
(5)	Notes to condensed quarterly consolidated financial statements.......................................................	8
	(Notes on premise of going concern) .......................................................................................................	8
	(Segment information) ...............................................................................................................................	8
	(Significant subsequent event) ..................................................................................................................	9

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1. Condensed quarterly consolidated financial statements

(1) Condensed quarterly consolidated statement of financial position

			(Unit: Millions of yen)
		FYE 2021	3rd Quarter of FYE 2022
		(as of March 31, 2021) (as of December 31, 2021)
Assets
Current assets
Cash and cash equivalents	907,326	814,573
Trade and other receivables	341,907	330,511
Inventories	419,053	468,643
Income taxes receivable	19,820	18,052
Other financial assets	228,279	231,532
Other current assets	66,378	79,859
Subtotal
1,982,763	1,943,170
Assets held for sale	69	962
Total current assets	1,982,832	1,944,132
Non-current assets
Property, plant and equipment	839,648	825,375
Intangible assets and goodwill	216,652	235,876
Investment property	24,282	23,157
Investments accounted for using equity method	10,177	11,788
Other financial assets	101,389	118,620
Other non-current assets	127,826	138,254
Deferred tax assets	108,906	96,564
Total non-current assets	1,428,880	1,449,634
Total assets	3,411,712	3,393,766

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			(Unit: Millions of yen)
		FYE 2021	3rd Quarter of FYE 2022
		(as of March 31, 2021) (as of December 31, 2021)
Liabilities and equity
Liabilities
Current liabilities
Trade and other payables	267,824	248,137
Financing liabilities	26,334	21,281
Other financial liabilities	61,282	62,790
Income taxes payable	2,908	5,322
Provisions	194,497	123,531
Other current liabilities	322,295	291,267
Total current liabilities	875,140	752,328
Non-current liabilities
Financing liabilities	307,549	323,595
Other financial liabilities	78,528	77,102
Employee benefits	55,817	60,115
Provisions	89,954	82,997
Other non-current liabilities	210,491	246,890
Deferred tax liabilities	7,850	5,554
Total non-current liabilities	750,189	796,253
Total Liabilities	1,625,329	1,548,581
Equity
Equity attributable to owners of parent
Capital stock	153,795	153,795
Capital surplus	160,178	160,178
Treasury shares	(6,524)	(6,320)
Retained earnings	1,435,291	1,455,173
Other components of equity	34,995	73,026
Total equity attributable to owners of parent	1,777,735	1,835,852
Non-controlling interests	8,648	9,333
Total equity	1,786,383	1,845,185
Total liabilities and equity	3,411,712	3,393,766

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