Subaru reported consolidated net profit of 49.1 billion yen for the April–June quarter of 2026, down 10.3% from the same period a year earlier. While a weaker yen, reduced impact from U.S. tariffs, and cost reduction efforts provided some support, the decline was driven by lower sales in its key U.S. market, higher sales incentives, and rising raw material costs. The company left its full-year net profit forecast unchanged at 130 billion yen, up 43.1% from the previous year, but below the average analyst estimate of 162.9 billion yen. Global sales for the April–June quarter fell 9.5% year-on-year to 220,000 units, with U.S. sales dropping 12.3% to 150,000 units. Subaru also announced it will enter the auto sales finance business in North America, aiming to launch services such as auto loans and leasing by around 2030, as it seeks to expand earnings across the entire value chain.
Subaru CorporationNet profit fell 10% and full-year forecast missed analyst estimates, while entering finance business adds costs.
