Notice Concerning Results of Share Buyback, Completion of Buyback, and Number of Shares Cancelled (Share Buyback Based on the Provisions of Article 165, Paragraph 2 of the Companies Act and Cancellation of Treasury Stock Based on the Provisions of Article 178 of the Companies Act)

Overview of Share Buyback

Based on the board resolution held on August 7, 2025, SUBARU Corporation acquired 15,722,200 shares of its common stock through market purchases on the Tokyo Stock Exchange during the period from August 8, 2025, to December 23, 2025. The total acquisition cost amounted to ¥49,999,820,700, and the acquisition was conducted through market purchases under a discretionary transaction contract related to the share buyback. During a part of the acquisition period (December 1 to December 23), 3,164,600 shares were acquired at a cost of ¥10,839,026,200.

Background and Purpose of Acquisition

While specific details about the purpose of the acquisition are not stated in the IR materials, the buyback was conducted pursuant to Article 156 of the Companies Act, as read with Article 165, Paragraph 3 of the Companies Act. This indicates that the share buyback was intended to enhance shareholder returns and improve capital efficiency through market purchases. The acquired shares are scheduled to be cancelled on January 20, 2026, representing 2.1% of the total number of issued shares.