Noticias en vivo • 23h
Subaru Executes ¥27 Billion Buyback as Pressure Weighs on Recent Market Value Subaru bought back over ¥27 billion of its own shares in June, a sizeable repurchase that directly reduces the number of shares on the market.
The company frames this buyback as part of its capital management approach, aiming to adjust its capital structure and potentially increase value per share while signaling confidence in its financial position and business outlook.
Subaru’s stock last traded at ¥2,501.50, with the share price down 27.4% year to date, putting the buyback against a backdrop of recent share price pressure.
This kind of repurchase can matter for you because it concentrates future earnings and dividends over fewer shares, but it also uses up cash that could otherwise support investment or the balance sheet. Buy Or Sell Opportunity • Jun 10
Now 20% overvalued Over the last 90 days, the stock has fallen 5.8% to JP¥2,536. The fair value is estimated to be JP¥2,107, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to grow by 2.7% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Reported Earnings • May 17
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: JP¥125 (down from JP¥458 in FY 2025). Revenue: JP¥4.78t (up 2.1% from FY 2025). Net income: JP¥90.8b (down 73% from FY 2025). Profit margin: 1.9% (down from 7.2% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 29%. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Auto industry in Japan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • May 16
Now 20% overvalued Over the last 90 days, the stock has fallen 19% to JP¥2,568. The fair value is estimated to be JP¥2,133, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has grown by 5.6%. For the next 3 years, revenue is forecast to grow by 2.9% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Noticias en vivo • May 14
Subaru Cuts 2026 Profit Forecast by 70% but Keeps Dividend After U.S. Sales Slump Subaru cut its FY2026 operating profit forecast by nearly 70% compared with its prior outlook, citing weaker U.S. demand, shipping disruptions and an impairment charge on battery EV assets.
The company linked the downgrade primarily to a slump in its key U.S. market, which has historically been an important earnings driver.
Despite the reduced profit outlook and EV-related impairment, Subaru kept its planned dividend payout unchanged, signaling a focus on maintaining shareholder returns.
This combination of a sharply lower profit forecast and a maintained dividend indicates that Subaru is absorbing near-term earnings pressure while also aiming to signal stability to income-focused investors.
Investors may want to monitor how Subaru addresses U.S. demand challenges and future EV spending, as additional impairments or ongoing market weakness could influence both earnings flexibility and the sustainability of current capital return plans. Anuncio • Apr 11
Subaru Corporation to Report Fiscal Year 2026 Results on May 15, 2026 Subaru Corporation announced that they will report fiscal year 2026 results on May 15, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥58.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Payout ratio is on the higher end at 87%, and the cash payout ratio is above 100%. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.2%). Buy Or Sell Opportunity • Mar 18
Now 20% overvalued Over the last 90 days, the stock has fallen 24% to JP¥2,613. The fair value is estimated to be JP¥2,175, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has grown by 5.6%. For the next 3 years, revenue is forecast to grow by 3.4% per annum. Earnings are also forecast to grow by 24% per annum over the same time period. Major Estimate Revision • Mar 06
Consensus EPS estimates increase by 12% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥190 to JP¥214. Revenue forecast steady at JP¥4.77t. Net income forecast to grow 108% next year vs 90% growth forecast for Auto industry in Japan. Consensus price target broadly unchanged at JP¥3,414. Share price fell 8.5% to JP¥2,715 over the past week. Major Estimate Revision • Feb 13
Consensus EPS estimates fall by 10% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from JP¥254 to JP¥228 per share. Revenue forecast steady at JP¥4.74t. Net income forecast to grow 123% next year vs 83% growth forecast for Auto industry in Japan. Consensus price target broadly unchanged at JP¥3,419. Share price fell 5.0% to JP¥3,174 over the past week. Reported Earnings • Feb 07
Third quarter 2026 earnings: EPS and revenues miss analyst expectations Third quarter 2026 results: JP¥10.19 loss per share (down from JP¥211 profit in 3Q 2025). Revenue: JP¥1.13t (down 11% from 3Q 2025). Net loss: JP¥7.33b (down 105% from profit in 3Q 2025). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Auto industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Anuncio • Feb 07
Subaru Corporation Revises Consolidated Financial Forecast for the Fiscal Year Ending March 31, 2026 Subaru Corporation revised consolidated financial forecast for the fiscal year ending March 31, 2026. For the year, the company expects revenue of ¥4,800,000 million, operating profit of ¥130,000 million, profit for the year attributable to owners of parent of ¥125,000 million and profit for the year per share attributable to owners of parent, basic of ¥172.72 as compared to previous guidance for revenue of ¥4,580,000 million, operating profit of ¥200,000 million, profit for the year attributable to owners of parent of ¥160,000 million and profit for the year per share attributable to owners of parent, basic of ¥218.87. Reason: Due to the rising impact of additional tariffs and increases in other expenses, the Company posted a net loss for the three months of the third quarter. In light of these and other factors, the Company has revised the consolidated financial forecast for the fiscal year ending March 31, 2026 from the previous announcement made on August 2025. Exchange rates assumed for the forecast of the full-year consolidated earnings are 150 yen per US dollar (previously 145 yen per US dollar). Anuncio • Jan 15
Subaru Corporation to Report Q3, 2026 Results on Feb 06, 2026 Subaru Corporation announced that they will report Q3, 2026 results at 1:00 PM, Tokyo Standard Time on Feb 06, 2026 Declared Dividend • Dec 11
First half dividend of JP¥58.00 announced Shareholders will receive a dividend of JP¥58.00. Ex-date: 30th March 2026 Payment date: 26th June 2026 Dividend yield will be 3.4%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 6.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 11
Second quarter 2026 earnings: EPS misses analyst expectations Second quarter 2026 results: EPS: JP¥48.82 (down from JP¥107 in 2Q 2025). Revenue: JP¥1.17t (flat on 2Q 2025). Net income: JP¥35.6b (down 55% from 2Q 2025). Profit margin: 3.0% (down from 6.7% in 2Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.6%. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Auto industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Anuncio • Nov 10
Subaru Corporation Announces Dividend for the Second Quarter End of Fiscal Year Ending March 31, 2026, Payable on December 10, 2025 Subaru Corporation announced dividend of JPY 57.00 per share for the second quarter end of fiscal year ending March 31, 2026, against JPY 48.00 per share a year ago. Scheduled date to commence dividend payments: December 10, 2025. Anuncio • Oct 11
Subaru Corporation to Report Q2, 2026 Results on Nov 10, 2025 Subaru Corporation announced that they will report Q2, 2026 results on Nov 10, 2025 Anuncio • Sep 11
Subaru of America, Inc. Announces Limited-Production Sports Cars Subaru of America Inc. announced the new 2026 Subaru WRX Series. Yellow and 2026 Subaru BRZ Series. Yellow limited-production sports cars with exclusive exterior and interior colors, limited to 350 cars for each model line. The new Series. Yellow models will make their public debut on Sept. 14 at Boxerfest in York, Pennsylvania. Both Series. Yellow models are based on their respective tS trim levels and feature unique suspension hardware and upgraded interiors, compared to the rest of their lineups. Each Series. Yellow car is immediately recognizable by its Sunrise Yellow exterior. The exclusive color is a Subaru hallmark and has been used on other models, such as the 2015 Subaru XV Crosstrek Special Edition, and Japan-only Subaru BRZ STI Sport and Subaru WRX STI S207 models. In addition to Sunrise Yellow exteriors, both models receive yellow high-contrast stitching inside throughout the upholstery, instrument panel, and door panels. The 2026 Subaru WRX Series; Yellow is powered by a 271-horsepower, 2.4-liter SUBARU BOXER engine and Subaru Symmetrical All-Wheel Drive shifted through a 6-speed manual transmission. Electronically controlled adjustable wheels tuned by Subaru Tecnica International are paired with high-performance Brembo®? brakes and 19-inch alloy wheels featuring a matte black finish with Bridgestone Potenza S007 tires put power down to the pavement. Inside, the 2026 Subaru WRX series. Yellow features a Subaru 11.6-inch Multimedia system for infotainment and a 12.3-inch full digital gauge cluster. Grippy Recaro Performance Design front seats have been complemented with yellow contrast stitching and yellow accents in the perforations. The 2026 Subaru BRZ series. Yellow is powered by a 2.4-liter, 228-horsepower naturally aspirated SUBARU BOXER®? engine paired with a 6-speed close-ratio manual transmission that powers the rear wheels only. The Subaru BRZ Series. Yellow utilizes STI-tuned front and rear Hitachi®? dampers for better control and stability. High-performance Brembo®®? brakes and 18-inch wheels in matte black finish with Michelin Pilot®? Sport 4 tires offer superior grip and quicker turn-in. Inside, the BRZ Series. Yellow is wrapped in black upholstery with exclusive yellow stitching on the front seats, leather-wrapped steering wheel, shifter boot, and parking brake boot. Pricing for the 2026 Subaru WRX Series: Yellow and 2026 Subaru BRX Series. Yellow will be announced closer to market launch for both models. For more information about Series. Yellow BRZ and WRX, visit BoxerFest.com. Major Estimate Revision • Aug 14
Consensus EPS estimates increase by 23% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥191 to JP¥236. Revenue forecast steady at JP¥4.52t. Net income forecast to shrink 45% next year vs 18% growth forecast for Auto industry in Japan . Consensus price target up from JP¥2,509 to JP¥2,591. Share price was steady at JP¥2,912 over the past week. Reported Earnings • Aug 08
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: JP¥75.03 (down from JP¥112 in 1Q 2025). Revenue: JP¥1.21t (up 11% from 1Q 2025). Net income: JP¥54.8b (down 35% from 1Q 2025). Profit margin: 4.5% (down from 7.7% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 51%. Revenue is forecast to grow 1.0% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Auto industry in Japan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Anuncio • Aug 07
Subaru Corporation (TSE:7270) announces an Equity Buyback for 20,840,000 shares, representing 2.85% for ¥50,000 million. Subaru Corporation (TSE:7270) announces a share repurchase program. Under the program, the company will repurchase up to 20,840,000 shares, representing 2.85% of its share capital, for ¥50,000 million. The company will repurchase its shares in order to considers the interests of its shareholders to be an important management issue. The repurchased shares will be cancelled. The share repurchase program will run until December 23, 2025. As of March 31, 2025, the company had 731,433,995 shares outstanding (excluding treasury shares) and 1,623,478 shares in treasury. Major Estimate Revision • Jul 24
Consensus EPS estimates fall by 10% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from JP¥217 to JP¥194 per share. Revenue forecast steady at JP¥4.51t. Net income forecast to shrink 57% next year vs 14% decline forecast for Auto industry in Japan. Consensus price target down from JP¥2,541 to JP¥2,487. Share price rose 18% to JP¥2,998 over the past week. Anuncio • Jul 11
Subaru Corporation to Report Q1, 2026 Results on Aug 07, 2025 Subaru Corporation announced that they will report Q1, 2026 results on Aug 07, 2025 Declared Dividend • Jul 09
Final dividend increased to JP¥57.00 Dividend of JP¥57.00 is 19% higher than last year. Ex-date: 29th September 2025 Payment date: 8th December 2025 Dividend yield will be 4.9%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 6.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 40% over the next 3 years. However, it would need to fall by 72% to increase the payout ratio to a potentially unsustainable range. Major Estimate Revision • Jun 30
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from JP¥295 to JP¥256 per share. Revenue forecast steady at JP¥4.53t. Net income forecast to shrink 44% next year vs 14% decline forecast for Auto industry in Japan. Consensus price target broadly unchanged at JP¥2,541. Share price was steady at JP¥2,514 over the past week. Reported Earnings • Jun 27
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: JP¥458 (down from JP¥509 in FY 2024). Revenue: JP¥4.69t (flat on FY 2024). Net income: JP¥338.1b (down 12% from FY 2024). Profit margin: 7.2% (down from 8.2% in FY 2024). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 1.9%. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Auto industry in Japan. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Jun 19
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from JP¥325 to JP¥289 per share. Revenue forecast steady at JP¥4.53t. Net income forecast to shrink 37% next year vs 6.4% decline forecast for Auto industry in Japan. Consensus price target broadly unchanged at JP¥2,551. Share price was steady at JP¥2,558 over the past week. Reported Earnings • May 15
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: JP¥458 (down from JP¥509 in FY 2024). Revenue: JP¥4.69t (flat on FY 2024). Net income: JP¥338.1b (down 12% from FY 2024). Profit margin: 7.2% (down from 8.2% in FY 2024). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 1.9%. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Auto industry in Japan. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Anuncio • May 14
Subaru Corporation, Annual General Meeting, Jun 25, 2025 Subaru Corporation, Annual General Meeting, Jun 25, 2025. Anuncio • Apr 11
Subaru Corporation to Report Fiscal Year 2025 Results on May 14, 2025 Subaru Corporation announced that they will report fiscal year 2025 results at 1:00 PM, Tokyo Standard Time on May 14, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥67.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 20 June 2025. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.4%). Reported Earnings • Feb 08
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: JP¥211 (up from JP¥197 in 3Q 2024). Revenue: JP¥1.27t (down 1.0% from 3Q 2024). Net income: JP¥154.4b (up 4.4% from 3Q 2024). Profit margin: 12% (in line with 3Q 2024). Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 71%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Auto industry in Japan. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Anuncio • Feb 07
Subaru Corporation Revises Dividend Guidance for the Fiscal Year Ending March 31, 2025 Subaru Corporation revised dividend guidance for the fiscal year ending March 31, 2025. For the year, the company expects dividend of JPY 67.00 per share compared to previous guidance of JPY 48.00 per share a year ago. Anuncio • Jan 15
Subaru Corporation to Report Q3, 2025 Results on Feb 07, 2025 Subaru Corporation announced that they will report Q3, 2025 results at 1:00 PM, Tokyo Standard Time on Feb 07, 2025 Declared Dividend • Dec 07
First half dividend of JP¥48.00 announced Shareholders will receive a dividend of JP¥48.00. Ex-date: 28th March 2025 Payment date: 20th June 2025 Dividend yield will be 3.9%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 8.1% over the next 3 years. However, it would need to fall by 80% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Nov 03
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: JP¥107 (up from JP¥103 in 2Q 2024). Revenue: JP¥1.17t (up 3.8% from 2Q 2024). Net income: JP¥79.0b (up 1.7% from 2Q 2024). Profit margin: 6.7% (down from 6.9% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Auto industry in Japan. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Anuncio • Oct 08
Subaru Corporation to Report First Half, 2025 Results on Nov 01, 2024 Subaru Corporation announced that they will report first half, 2025 results on Nov 01, 2024 New Risk • Oct 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.8% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.4% average weekly change). Upcoming Dividend • Sep 20
Upcoming dividend of JP¥48.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.3%). New Risk • Aug 16
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 06
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: JP¥112 (up from JP¥95.89 in 1Q 2024). Revenue: JP¥1.09t (flat on 1Q 2024). Net income: JP¥84.0b (up 15% from 1Q 2024). Profit margin: 7.7% (up from 6.8% in 1Q 2024). Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Auto industry in Japan. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. New Risk • Aug 05
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to JP¥2,178, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 6x in the Auto industry in Japan. Total returns to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,226 per share. Anuncio • Jul 13
Subaru Corporation to Report Q1, 2025 Results on Aug 05, 2024 Subaru Corporation announced that they will report Q1, 2025 results at 1:00 PM, Tokyo Standard Time on Aug 05, 2024 Declared Dividend • Jul 11
Final dividend of JP¥48.00 announced Shareholders will receive a dividend of JP¥48.00. Ex-date: 27th September 2024 Payment date: 9th December 2024 Dividend yield will be 3.0%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 6.9% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Jun 27
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Jun 25
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥509 (up from JP¥261 in FY 2023). Revenue: JP¥4.70t (up 25% from FY 2023). Net income: JP¥385.1b (up 92% from FY 2023). Profit margin: 8.2% (up from 5.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 8.4%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Auto industry in Japan. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. New Risk • Jun 07
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • May 16
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥509 (up from JP¥261 in FY 2023). Revenue: JP¥4.70t (up 25% from FY 2023). Net income: JP¥385.1b (up 92% from FY 2023). Profit margin: 8.2% (up from 5.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 8.4%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Auto industry in Japan. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Anuncio • Apr 12
Subaru Corporation to Report Fiscal Year 2024 Results on May 13, 2024 Subaru Corporation announced that they will report fiscal year 2024 results at 1:00 PM, Tokyo Standard Time on May 13, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥48.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 24 June 2024. Payout ratio is a comfortable 8.4% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (2.1%). Reported Earnings • Feb 10
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: JP¥197 (up from JP¥99.82 in 3Q 2023). Revenue: JP¥1.28t (up 21% from 3Q 2023). Net income: JP¥147.9b (up 93% from 3Q 2023). Profit margin: 12% (up from 7.2% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.9%. Earnings per share (EPS) also surpassed analyst estimates by 60%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Auto industry in Japan. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Anuncio • Jan 17
Subaru Corporation to Report Q3, 2024 Results on Feb 08, 2024 Subaru Corporation announced that they will report Q3, 2024 results on Feb 08, 2024 Major Estimate Revision • Dec 06
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥4.55t to JP¥4.60t. EPS estimate increased from JP¥399 to JP¥442 per share. Net income forecast to grow 22% next year vs 7.8% growth forecast for Auto industry in Japan. Consensus price target reaffirmed at JP¥3,040. Share price rose 5.2% to JP¥2,718 over the past week. Reported Earnings • Nov 04
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: JP¥103 (up from JP¥66.04 in 2Q 2023). Revenue: JP¥1.13t (up 23% from 2Q 2023). Net income: JP¥77.7b (up 53% from 2Q 2023). Profit margin: 6.9% (up from 5.5% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 8.5%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Auto industry in Japan. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Nov 03
Consensus EPS estimates increase by 14% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥369 to JP¥419. Revenue forecast steady at JP¥4.50t. Net income forecast to grow 27% next year vs 9.4% growth forecast for Auto industry in Japan. Consensus price target broadly unchanged at JP¥3,013. Share price was steady at JP¥2,673 over the past week. Anuncio • Oct 07
Subaru Corporation to Report Q2, 2024 Results on Nov 02, 2023 Subaru Corporation announced that they will report Q2, 2024 results on Nov 02, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥38.00 per share at 2.5% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 07 December 2023. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.2%). Reported Earnings • Aug 03
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: EPS: JP¥95.89 (up from JP¥35.48 in 1Q 2023). Revenue: JP¥1.08t (up 30% from 1Q 2023). Net income: JP¥73.2b (up 169% from 1Q 2023). Profit margin: 6.8% (up from 3.3% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.4%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Auto industry in Japan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Anuncio • Jul 13
Subaru Corporation to Report Q1, 2024 Results on Aug 02, 2023 Subaru Corporation announced that they will report Q1, 2024 results at 1:00 PM, Tokyo Standard Time on Aug 02, 2023 Reported Earnings • Jun 28
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥261 (up from JP¥91.28 in FY 2022). Revenue: JP¥3.77t (up 38% from FY 2022). Net income: JP¥200.4b (up 186% from FY 2022). Profit margin: 5.3% (up from 2.6% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.6%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Auto industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 7% per year. Anuncio • May 13
Subaru Corporation, Annual General Meeting, Jun 21, 2023 Subaru Corporation, Annual General Meeting, Jun 21, 2023. 
