Home › Analysis › Subaru reports improvements in Q2, but issues remain
A 170% rise in operating profit appears impressive, but this has been achieved through forex gains and reduced warranty costs. By Ian Henry
On the surface, Subaru’s results for the second quarter of fiscal 2026/27 appear very positive: operating profit almost trebled to JP¥73.4bn, and this is despite lower unit sales in the US, its biggest market by far. Over the first six months, US sales totalled around 302,000 units, down around 10% from a year earlier.
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