Subaru market cap is ¥1.6 t, and annual revenue was ¥3.16 t in FY 2019

Subaru Gross profit (Q3, 2020)160 B

Subaru Gross profit margin (Q3, 2020), %18.2%

Subaru Net income (Q3, 2020)43.3 B

Subaru EBIT (Q3, 2020)57.8 B

Subaru Cash, 31-Dec-2019755.8 B

Subaru EV1 T

Subaru revenue was ¥3.16 t in FY, 2019 which is a 7.2% year over year decrease from the previous period.

Subaru revenue breakdown by business segment: 95.4% from Automobiles and 4.6% from Other

Subaru revenue breakdown by geographic segment: 66.6% from North America, 28.4% from Japan and 5.0% from Other

JPY | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|

## Revenue | 3.3t | 3.4t | 3.2t |

| 2% | (7%) | |

## Cost of goods sold | 2.4t | 2.4t | 2.6t |

## Gross profit | 939.7b | 962.5b | 598.8b |

| 28% | 28% | 19% |

## General and administrative expense | 528.9b | 583.1b | 403.2b |

## Operating expense total | 528.9b | 583.1b | 403.2b |

## EBIT | 410.8b | 379.4b | 195.5b |

| 12% | 11% | 6% |

## Interest expense | 1.8b | 1.4b | 732.0m |

## Interest income | 3.1b | 6.8b | 12.4b |

## Pre tax profit | 394.7b | 297.3b | 195.8b |

## Income tax expense | 111.1b | 75.6b | 48.5b |

## Net Income | 282.4b | 221.7b | 147.3b |

- Source: Company Filings 2016

JPY | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 854.8b | 831.5b | 878.3b | 709.2b | 777.6b | 890.6b | 833.4b | 772.3b | 878.9b |

## Cost of goods sold | 597.1b | 595.0b | 633.8b | 549.7b | 678.4b | 691.6b | 649.1b | 669.0b | 718.9b |

## Gross profit | 257.7b | 236.5b | 244.5b | 159.6b | 99.1b | 199.0b | 184.3b | 103.2b | 160.0b |

| 30% | 28% | 28% | 22% | 13% | 22% | 22% | 13% | 18% |

## R&D expense | 18.3b | 24.5b | 23.0b | ||||||

## General and administrative expense | 138.3b | 143.8b | 150.3b | 102.0b | 101.7b | 100.4b | 73.2b | 73.2b | 78.9b |

## Operating expense total | 138.3b | 143.8b | 150.3b | 102.0b | 101.7b | 100.4b | 93.8b | 100.8b | 104.4b |

## EBIT | 119.3b | 92.8b | 94.2b | 57.6b | (2.5b) | 98.6b | 92.2b | 2.6b | 57.8b |

| 14% | 11% | 11% | 8% | 0% | 11% | 11% | 0% | 7% |

## Interest expense | 392.0m | 399.0m | 302.0m | 224.0m | 162.0m | 158.0m | 11.8b | 7.0b | 8.4b |

## Interest income | 1.2b | 1.5b | 1.7b | 2.3b | 3.3b | 3.3b | 8.9b | 8.1b | 6.1b |

## Pre tax profit | 118.2b | 10.3b | 89.2b | 61.6b | 1.4b | 95.0b | 89.3b | 3.8b | 60.1b |

## Income tax expense | 35.7b | 7.3b | 21.1b | 16.8b | 2.4b | 21.6b | 22.8b | 2.2b | 16.8b |

## Net Income | 82.5b | 2.9b | 68.1b | 44.7b | (964.0m) | 73.4b | 66.6b | 1.6b | 43.3b |

- Source: Company Filings 2016

JPY | FY, 2018 | FY, 2018 | FY, 2019 |
---|---|---|---|

## Cash | 658.8b | 765.4b | 831.7b |

## Accounts Receivable | 158.5b | 155.2b | 148.8b |

## Inventories | 301.3b | 297.2b | 390.7b |

## Current Assets | 1.8t | 1.9t | 1.8t |

## PP&E | 657.3b | 703.1b | 717.4b |

## Total Assets | 2.8t | 2.9t | 3.0t |

## Accounts Payable | 349.7b | 320.1b | 315.0b |

## Short-term debt | 87.6b | 22.1b | 11.9b |

## Current Liabilities | 1.0t | 1.1t | 1.0t |

## Long-term debt | 60.6b | 21.1b | 88.5b |

## Non-Current Liabilities | 283.7b | 272.3b | 357.7b |

## Total Debt | 148.3b | 43.2b | 100.4b |

## Total Liabilities | 1.3t | 1.3t | 1.4t |

## Common Stock | 153.8b | 153.8b | 153.8b |

## Additional Paid-in Capital | 160.2b | 160.2b | 160.2b |

## Retained Earnings | 1.2t | 1.3t | 1.3t |

## Total Equity | 1.5t | 1.6t | 1.6t |

## Debt to Equity Ratio | 0.1 x | 0 x | 0.1 x |

## Debt to Assets Ratio | 0.1 x | 0 x | 0 x |

## Financial Leverage | 1.9 x | 1.8 x | 1.8 x |

- Source: Company Filings 2016

- Source: Company Filings 2016

JPY | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|

## Depreciation and Amortization | 85.7b | 102.1b | 102.7b |

## Accounts Receivable | (19.7b) | 40.0m | 6.0b |

## Inventories | (32.4b) | (15.9b) | (90.4b) |

## Accounts Payable | 24.5b | (54.2b) | (8.8b) |

## Cash From Operating Activities | 345.4b | 366.3b | 174.0b |

## Purchases of PP&E | (163.8b) | (149.9b) | (144.2b) |

## Cash From Investing Activities | (254.3b) | (150.7b) | (158.3b) |

## Short-term Borrowings | 9.9b | (18.4b) | (17.5b) |

## Long-term Borrowings | (44.6b) | (44.4b) | (43.4b) |

## Dividends Paid | (111.4b) | (110.3b) | (110.4b) |

## Cash From Financing Activities | (189.0b) | (170.9b) | (96.6b) |

## Net Change in Cash | (100.8b) | 33.8b | (63.3b) |

## Interest Paid | 1.9b | 1.4b | 798.0m |

## Income Taxes Paid | 208.2b | 81.2b | 100.3b |

- Source: Company Filings 2016

JPY | FY, 2017 |
---|---|

## Revenue/Employee | 102.0m |

## Debt/Equity | 0.1 x |

## Debt/Assets | 0.1 x |

## Financial Leverage | 1.9 x |

Subaru's Vehicles Produced was reported to be 91.3 k in Feb, 2020.

Y, 2014 | Y, 2015 | Y, 2016 | Jan, 2017 | Feb, 2017 | Y, 2017 | Y, 2018 | Y, 2019 | Jan, 2020 | Feb, 2020 | |
---|---|---|---|---|---|---|---|---|---|---|

## Cars Sold | 169.55 k | 162.25 k | 155.78 k | 15.48 k | 16.29 k | 176.74 k | 148.45 k | 131.26 k | 10.28 k | 11.34 k |

## Vehicles Exported | 541.59 k | 566.88 k | 582.71 k | 34.97 k | 44.77 k | 548.84 k | 533 k | 505.58 k | 36.98 k | 53.7 k |

## Vehicles Produced | 888.81 k | 938.55 k | 1.02 m | 82.8 k | 92.42 k | 1.07 m | 1.02 m | 987.28 k | 89.8 k | 91.26 k |

- Source: Company Filings