Fuji Heavy Industries (FHI), the maker of Subaru automobiles, has reported 13.2% rise in sales to 724,000 units for the financial year 2013 that ended on 31 March, compared to the prior year.
The company's net sales reached JPY1,913bn, a 26.1% increase driven by the strong vehicle sales during the year.
In the overseas market, Subaru's vehicle sales went up by 20.1% to 561,000 units, against the previous year, driven by the growth in the US, China.
Passenger car sales increased in Japan, while the decline in mini segment car sales resulted in 5.3% decrease to 163,000 units in the year.
During the year, the company reported a net income of JPY119.6bn, a 211% growth compared to the previous year.
FHI expects to deliver 752,000 units of Subaru vehicle across the globe, driven by the increase in North America and other overseas markets.
In addition, the company expects to generate net sales of JPY2,050bn, operating income of JPY180bn, and net income of JPY110bn in the following fiscal.
