JAPAN: Subaru's operating and net income rise in fiscal Q1

JAPAN: Subaru’s operating and net income rise in fiscal Q1

Subaru's net sales for first fiscal quarter increased 27.5% to JPY546.9bn (US$5.58bn) from JPY428.9bn in the fiscal first quarter of 2012.

August 1, 2013

Subaru’s net sales for first fiscal quarter increased 27.5% to JPY546.9bn (US$5.58bn) from JPY428.9bn in the fiscal first quarter of 2012.

Operating income increased to JPY69.6bn from JPY17.3bn in 2012. Its net income climbed to JPY48.5bn from JPY16.4bn in 2012.

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Forecasts for fiscal year ending 31 March 2014:

Net sales: JPY2.08 trillion

Operating income: JPY198bn

Net income: JPY121bn

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