SUBARU CORPORATION

7270 株式会社SUBARU

Transportation Equipments · Prime · TSE: Disclosed

PRICE: ¥2,474 · MKT CAP: ¥1.8T · P/E: 5.4x · P/B: 1.17x · DIV YIELD: 4.6%

PRICE — 5Y

Characteristics & Business Summary

FUJHY is cheap by several metrics and warrants a multiple expansion! - TTM GAAP PE is 71% below sector median - FWD GAAP PE is 70% below sector median and 53% below its 5 year average. -EV/EBITDA TTM and FWD are 92 and 94% below sector media; both are about...

Income Statement Highlights (¥ Billion, except EPS/DPS in ¥)

Fiscal Period	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Forecast
Net Sales	2,830	2,745	3,774	4,703	4,686	—	—
Operating Profit	102	90	267	468	405	—	—
Ordinary Profit	—	—	289	351	387	—	—
Net Profit	77	70	200	385	338	4,800	—
EPS	¥100	¥91	¥261	¥512	¥462	¥6,566	—
DPS	¥56	¥56	¥76	¥106	¥115	—	—

Balance Sheet & Valuation Highlights

Total Assets —

Net Assets (Equity) —

Equity Ratio —

ROE (Return on Equity) —

Cash & Equivalents —

Interest-Bearing Debt —

Capital Expenditure (CapEx) —

Depreciation & Amort. —

Major Shareholders

1. TOYOTA MOTOR CORPORATION 21.0%
2. Japan Master Trust Bank 14.8%
3. Japan Custody Bank 4.8%
4. State Street Bank and Trust Company 2.5%
5. STATE STREET BANK WEST CLIENT － TREATY 1.7%
6. ＮＳＬＤＴＴＣＬＩＥＮＴＡＣＣＯＵＮＴ１（常任代理人野村證券株式会社） 1.6%
7. Mizuho Bank 1.4%
8. Citibank, N.A. 1.2%
9. JPMorgan Chase Bank, N.A. 1.1%
10. BNY Mellon (Nominee) 1.1%

Activist Activity

Norges Bank 4.33%

2026-02-18 · change

Norges Bank 5.04%

2025-12-18 · initial_5pct

Sumitomo Mitsui Trust Asset Management Co.,Ltd. 4.56%

2025-09-19 · change

BlackRock Japan Co., Ltd. 6.02%

2024-12-05 · change

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Forecast
Revenues per share	¥3,691	¥3,579	¥4,921	¥6,256	¥6,410	—	—
FCF/Share	¥215	¥123	¥481	¥771	¥439	—	—
EPS	¥100	¥91	¥261	¥512	¥462	¥6,566	—
DPS	¥56	¥56	¥76	¥106	¥115	—	—
Capital Spending per share	¥163	¥132	¥176	¥250	¥234	¥0	—
Book Value per share	¥2,318	¥2,465	¥2,739	¥3,409	¥3,713	—	—
Common Shares Outstanding	767M	767M	767M	752M	731M	—	—

Financial Aggregates & Margins

Financial Aggregate	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Forecast
Revenues (Net Sales)	¥2,830B	¥2,745B	¥3,774B	¥4,703B	¥4,686B	—	—
Operating Margin (%)	3.6%	3.3%	7.1%	10.0%	8.6%	—	—
Net Profit (owners)	¥77B	¥70B	¥200B	¥385B	¥338B	¥4,800B	—
Net Profit Margin (%)	2.7%	2.6%	5.3%	8.2%	7.2%	—	—
Working Capital	¥358B	¥400B	¥596B	¥770B	¥819B	—	—
Total Debt (Interest-bearing)	—	—	¥302B	¥390B	¥390B	—	—
Net Worth (Common Equity)	¥1,778B	¥1,891B	¥2,101B	¥2,563B	¥2,715B	—	—
Return on Total Assets (ROA)	2.2%	2.0%	5.1%	8.0%	6.6%	—	—
Return on Common Equity (ROE)	4.3%	3.7%	9.5%	15.0%	12.5%	—	—

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.