October 5, 2005
Fuji Heavy Industries Ltd.

Revision of Performance Projection for Fiscal Year Ending March 31, 2006

Fuji Heavy Industries Ltd. (FHI) has announced the revision of performance projection for Fiscal
Year Ending March 31, 2006 (From April 1, 2005 to March 31, 2006) which was released at thetiming of consolidated and non-consolidated basis financial results announcement on May 12, 2005.

1. (1) Consolidated Basis Revision of Performance Projection for 1st Half of Fiscal 2006
(From April 1, 2005 to September 30, 2005)（Unit: Millions of yen）
Previous projection (A)Revised projection (B)Increase and decrease (B-A)
Change of percentage (%)
Actual results of the previous
fiscal year
(Ended March 31, 2005)

Net sales
670,000
670,000
00690,791

Ordinary income
2,000
10,000+8,000+400.0
15,061

Net income
05,000+5,000－8,275(2) Non-consolidated Basis Revision of Performance Projection for 1st Half of Fiscal 2006
(From April 1, 2005 to September 30, 2005)（Unit: Millions of yen）
Previous projection (A)Revised projection (B)Increase and decrease (B-A)
Change of percentage (%)
Actual results of the previous
fiscal year
(Ended March 31, 2005)

Net sales
450,000
470,000+20,000＋4.4486,402

Ordinary income
10,00020,000+10,000+100.0
16,896

Net income
7,000
12,000+5,000+71.46,706

2. (1) Consolidated Basis Revision of Performance Projection for Fiscal Year Ending March 31,2006(From April 1, 2005 to March 31, 2006)（Unit: Millions of yen）
Previous projection (A)Revised projection (B)Increase and decrease (B-A)
Change of percentage (%)
Actual results of the previous
fiscal year
(Ended March 31, 2005)

Net sales
1,470,000
1,480,000+10,000+0.7
1,446,491

Ordinary income27,000
29,000+2,000+7.4
43,572

Net income
15,00012,000-3,000-20.0
18,238(2) Non-consolidated Basis Revision of Performance Projection for Fiscal Year Ending March 31,2006(From April 1, 2005 to March 31, 2006)（Unit: Millions of yen）
Previous projection (A)Revised projection (B)Increase and decrease (B-A)
Change of percentage (%)
Actual results of the previous
fiscal year
(Ended March 31, 2005)

Net sales
944,000
950,000+6,000+0.6
949,511

Ordinary income
29,00032,000+3,000+10.3
31,304

Net income
10,0009,000-1,000
-10.0
2,503

３．Reason of revisions
We have revised ordinary income and net income due to the following factors. With regard tonet sales, we keep as same.
（Unit: 100 Millions of yen）
Reason of Revisions

OrdinaryincomeNet
incomeReduction of the R&D expenses
by the improvement of efficiency
in some activities
Decrease in direct material costby pulling forward the cost
reduction programs
Improvement and deterioration
in automobile sales volume andmixture
Decrease in SG&A expenses andothers
Increase in amortization ofconsolidation adjustments
Extraordinarylossfromdiscontinuation of the joint
development

1st Half of Fiscal 2006
Consolidated
basis

Non-consoli
dated basis

Fiscal 2006
Consolidated
basis

Non-consoli
dated basis+40+40+60+60+20－－－-60+40-130-50+50+20+60+20+30－+30－-50-50-50-50

Note: Above mentioned projections are based on certain assumptions and our management’s
judgement in light of currently available information, therefore actual results may differ
from these projections.