SUBARU production adjustment is expected to reach 150,000 units Impact of new corona 17:51 on May 18
Automaker SUBARU said the production adjustment due to the spread of the new coronavirus is expected to be at least 150,000 units, or about 15% of annual production.
Due to the spread of the new coronavirus, SUBARU suspended operations at the Gunma Plant in Gunma Prefecture from the middle of last month to the beginning of this month, as well as the US factory, which had to suspend production until the beginning of this month.
At a financial conference held at a conference call on the 18th, the company explained that domestic production adjustments will continue until the 19th of next month. On top of that, he announced that the combined production adjustment for Japan and the US would be at least 150,000 units, or about 15% of annual production.
Regarding SUBARU's financial results for the fiscal year ending March, sales were 6% and final profit was 7.9%, both higher than the previous year's sales and profits, but the forecast for the next fiscal year is undecided.
President Tomomi Nakamura said, "The US market has a huge impact on our business performance, and we need to confirm the market situation a little more to determine the impact."
The company also announced that it has raised more than ¥ 190 billion by the 18th by utilizing existing credit lines and making new loans in preparation for the prolonged impact.