Subaru has put in place a Y100bn ($631m) credit line with Mizuho Bank, signing a commitment line agreement that includes a term-out option.
The Japanese carmaker said the arrangement is intended to support growth-related investment “flexibly and steadily” while improving capital efficiency and broadening funding sources in what it described as a fast-shifting business environment.
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The facility is designed to let it draw funds during the agreement period without undergoing further credit screening, provided pre-agreed conditions are met.
The carmaker said the facility is designed to let it draw funds during the agreement period without undergoing further credit screening, provided pre-agreed conditions are met. Subaru stated the arrangement is intended to support growth-related investment “flexibly and steadily” while improving capital efficiency and broadening funding sources in what it described as a fast-shifting business environment.
Subaru did not detail a specific allocation for the funding, saying it will be used for “general corporate purposes”.
Mizuho both arranged and will manage the facility.
Other participating lenders include Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank and additional financial institutions.
For the nine months ended 31 December 2025, Subaru reported consolidated revenue of Y3.518tn, a 0.5% decline year-on-year.
Operating profit fell to Y66.28bn, down 82%, which the company attributed to the effect of additional US tariffs, cost increases and higher R&D spending.
Profit for the period decreased to Y83.13bn, a 73.8% drop from the previous year.
Global vehicle sales totalled 676,000 units over the same nine-month period, down 4.5% year on year, comprising 78,000 units in Japan and 598,000 units overseas.
Subaru also revised its full-year outlook from the forecast issued in August 2025.
It raised its revenue projection to Y4.8tn from Y4.58tn, while reducing profitability targets.
Operating profit guidance was cut to Y130bn from Y200bn, and profit attributable to owners of the parent was lowered to Y125bn from Y160bn.
Profit before tax was reduced to Y180bn from Y230bn, and the earnings-per-share forecast was trimmed to Y172.72 from Y218.87.
Earlier in the month, the company also announced a collaboration with Infineon on next-generation ADAS technology, incorporating Infineon’s AURIX TC4x automotive microcontroller to strengthen computing capabilities and in-vehicle networking.
