Subaru
Subaru builds all-wheel-drive cars and SUVs such as the Forester, Crosstrek and Outback in Japan and Indiana, sells most of them in North America, and makes aircraft parts for Boeing and helicopters for Japan's defense forces.
Spare parts and accessories out-earned the whole car business.
In FY2026 new cars lost ¥148.2B after U.S. tariffs, while parts and accessories made ¥150.3B of operating profit.
How big is Subaru?
Mostly automobile.
- Automobile97%¥4.64T
- Aerospace3%¥141.7B
- Other0%¥5.0B
How the business works.
- 1AWD cars, one platform
- 2Gunma and Indiana plants
- 3Mainly to U.S. buyers
Up to nine models share one platform, so a small carmaker gets scale without a broad lineup.
- Toyota Motor Corporation21.46%
- The Master Trust Bank of Japan (trust account)14.88%
- Custody Bank of Japan (trust account)4.43%
CEO: Atsushi Osaki
Every number on this page comes from Subaru's own reports.
- Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (Under IFRS) ↗
- Reference for FYE 2026 Consolidated Financial Results ↗
- Financial Report 2026 (consolidated financial statements under IFRS, year ended March 31, 2026) ↗
- Annual Securities Report, 95th fiscal term (Yukashoken Hokokusho, Japanese, year ended March 31, 2026) ↗
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