Notice of Partial Amendment to Articles of Incorporation | June 24, 2026

Overview of the Amendments to the Articles of Incorporation

Subaru Corporation has resolved to amend its Articles of Incorporation to enhance the supervisory function of the Board of Directors and improve management transparency by transitioning to a company with a Nomination Committee, Audit & Supervisory Committee, and Compensation Committee. This includes deletion of provisions regarding statutory auditors and the establishment of new regulations allowing important operational decisions to be delegated to the Board of Directors. The amendments will take effect on June 24, 2026, following approval at the General Meeting of Shareholders.

Schedule and Impact Moving Forward

The General Meeting of Shareholders to approve the amendments is scheduled for June 24, 2026, aiming to accelerate management and improve transparency. While specific financial figures or direct effects on performance are not detailed, these changes are intended to strengthen corporate governance and enhance long-term corporate value. For shareholders and investors, increased transparency and operational agility are key points.