Subaru Q3 2022/23 results

Operating profit rose 4.5-fold to ¥103bn (US$787.8m) and the margin bounced by 6.4 points to 9.8%. Over the first nine months there was a 2.8-fold increase in operating profit to ¥214bn and the margin improved by 3.8 points to 7.6%. The net increase of ¥136.5bn reflects ¥166.1bn from exchange rates; ¥130bn volume and mix; ¥(1.9)bn lower R&D; ¥(61.4)bn selling expense; ¥(94.4)bn cost increases; and ¥(1.9)bn other.