OREANDA-NEWS. Fuji Heavy Industries Ltd. (FHI), the manufacturer of Subaru automobiles, today announced its annual production and retail sales plans for calendar year 2015.

1.Production

(Units in Thousands)

  2014 Result '14 vs '13 2015 Plan '15 vs '14
Japan Production 696 +9% 700 +1%
Overseas Production *1 193 +14% 220 +14%
Global Production 889 +10% 920 +4%

< Japan Production >

In prospect of strong sales of the new Legacy and Outback being launched worldwide, Japan production is projected to be 700,000 units, which will be an all-time record for the 3rd consecutive year.

< Overseas Production >

With expected high demand for the new Legacy and Outback, overseas production is projected to be 220,000 units, which will be an all-time record for the 2nd consecutive year.

< Global Production >

Global production is projected to be 920,000 units which will be an all-time record for the 4th consecutive year.

2. Retail Sales

(Units in Thousands)

  2014 Result ’14 vs ’13 2015 Plan '15 vs '14
Japan Sales*2   170 -6% 156 -8%
Passenger Cars *3 127 +0% 114 -10%
Overseas Sales   744 +15% 784 +5%
U.S. 514 +21% 540 +5%
Canada 42 +14% 45 +7%
China 55 -2% 60 +10%
Other 133 +1% 139 +4%
Global Sales 913 +10% 940 +3%

< Japan Sales >

Japan sales are projected to be 156,000 units which include a full-year contribution of the Legacy and Outback.

< Overseas Sales >

In prospect of sales increase in key markets including the US and China, overseas sales are projected to reach 784,000 units which will be an all-time record for the 4th consecutive year.

< Global Sales >

Global sales target is 940,000 units which will be an all-time record for the 4th consecutive year.

3. Production Capacity Plans

  FYE2014 FYE2017 FYE2021
Japan 600 630 650
Overseas*1 170 310 400
Total 770 940 1,050

(Units in Thousands)

  2014 end FYE2017 FYE2021
Japan 629 630 650
Overseas*1 200 328 400
Total 829 958 1,050

(Units in Thousands)

FHI partly changes the production capacity plans announced in May 2014 in its new mid-term management vision, "Prominence 2020". To meet the high demand for the Legacy and Outback, the capacity of the overseas plant ("SIA" in the US) will be increased by additional 18,000 units during the first half period of FYE2017 and will reach 328,000 units by the end of 2016.
Plans for FYE2021 will remain unchanged from the original announcement.

*1: Excludes CKD production in Malaysia
*2: Includes OEM vehicles
*3: Passenger cars excluding mini vehicles