#SUBARU

SUBARU Corporation plans to resolve at the 95th Annual General Meeting of Shareholders scheduled for June 2026 to transition from a company with a board of auditors to a company with an audit and supervisory committee.

SUBARU will implement organizational reforms and executive changes effective April 1, 2026 and June 2026. Through the establishment of new divisions and appointment of new executives, the company aims to strengthen the execution system.

Q3 cumulative production volume was 657 thousand units (9.4% YoY decrease) and operating income was 66.3 billion yen (82.0% YoY decrease), both declined. The full-year operating income forecast was downwardly revised to 130 billion yen (67.9% YoY decrease).

Following an investigation into suspected violations of the Anti-Monopoly Act, a 50% reduction in monthly remuneration for the Representative Director Chairman & President and Executive Managing Director has been imposed for three months, effective from February 2026.

SUBARU Corporation acquired 15,722,200 shares of common stock from August 8, 2025, to December 23, 2025, with a total acquisition cost of ¥49,999,820,700. The acquisition was conducted through market purchases on the Tokyo Stock Exchange, and the acquired shares are scheduled to be cancelled on January 20, 2026.