History of the Group

SUBARU, which can trace some of its roots to Research Laboratory, has continuously nurtured highly creative technologies and increased corporate value by enhancing the SUBARU to respond to major changes in the times.

1917 Establishment of Aircraft Research Laboratory 1991 Participation in the 777 program

1931 Establishment of Nakajima Aircraft Co., Ltd. 1993 Start of operation of the Handa Plant

Change of company name from Capital and business alliance with 1945 1999 Nakajima Aircraft to Fuji Sangyo Corporation (GM) (USA)

1999 Business alliance with Motor Corporation

Dissolution of the business alliance with 2000 1946 Production of the Motor Co., Ltd. first Rabbit Scooter Dissolution of the SIA joint venture with Motors Ltd. 2002 and formal signing of a contract production agreement

The Legacy wins the 2003–2004 2003 of the Year award

Establishment of Fuji Heavy Industries Ltd. Subaru of Indiana Automotive, Inc. (SIA) 1953 2003 Start of aircraft production and automobile development made a wholly owned subsidiary Participation in the Boeing 787 program 1960 Opening of the Gunma Main Plant 2005 Delivery of main wings for next-generation transport aircraft and next-generation fixed-wing patrol aircraft 1960 Listing of shares on the Stock Exchange Dissolution of the alliance with GM, agreement to enter 2005 Signing of a business alliance agreement with into a business alliance with Motor Corporation 1966 Isuzu Motors Ltd. 2007 Start of production of Toyota (Camry) at SIA 1968 Establishment of , Inc. (SOA) Start of knockdown production of the 2012 SUBARU XV in Malaysia 1968 Dissolution of the business alliance with Isuzu Motors Ltd. Termination of production of mini-vehicles and 2012 Signing of a business alliance agreement with shift to marketing on an OEM basis 1968 Nissan Motor Co., Ltd. Signing of an agreement to participate in a project to 2014 develop and mass produce the Start of exports of Robin engines for 1968 snowmobiles to Polaris (USA) Termination of contract production of the at SIA 2016 1969 Start of operation of the Yajima Plant Transfer of production of Impreza vehicles for North America to SIA Release of the Leone 4WD Estate Van, 1972 All-new Impreza Sport/GR wins the 2016–2017 the world’s first mass-production 4WD passenger vehicle 2016 Japan award 1978 Conclusion of a 767 business agreement with Boeing 2017 Change of company name to

1983 Start of full-scale operation of the Oizumi Plant Termination of production and sales of 2017 SUBARU general-purpose engines and generators Release of the Justy model equipped with the world’s 1987 first electro-continuously variable (ECVT) 2018 Introduction of the SUBARU BELL 412EPX helicopter

Agreement on the further developing and Establishment of Subaru-Isuzu Automotive, Inc. (SIA) 1987 strengthening of SUBARU’s long-term partnership with in the U.S. in a joint venture with Isuzu Motors Ltd. 2019 Toyota Motor Corporation under a new business and capital alliance 1989 Establishment of Subaru Canada, Inc. (SCI)

1989 Completion of Subaru Research & Testing Center (SKC)

1990 Subaru of America (SOA) made a wholly owned subsidiary

85 Annual Report 2020 Business Foundation Value Creation Growth Strategy Value Creation Outcomes Corporate Data Supporting Value Creation

SUBARU Models 1977 1997 2014 through the Years

Brat released Forester released Levorg released

1958 1983 1998 2014

SUBARU 360 released Domingo released Pleo released WRX released

1961 1984 2003 2018

SUBARU Justy released Outback released Ascent released Sambar released (Exclusively for North America)

1966 1985 2005

SUBARU 1000 Alcyone released B9 Tribeca released four-door released

1969 1989 2008

R-2 released Legacy series released Exiga released

1971 1992 2012

Leone coupe released Vivio released SUBARU BRZ released

1972 1992 2012

Rex released Impreza series released SUBARU XV released

Annual Report 2020 86 Corporate Information

Domestic Facilities

Number of Land Area Building Area Name Location Employees Main Products (Thousand ) (Thousand m2) (Persons)

Head Office (Ebisu) Tokyo 4 14 681 —

SUBARU Training Facility Tokyo 10 13 42 — (SUBARU Academy) Head Office Parts Distribution Center, Pre Delivery Inspection Center, 573 Other Gunma 247 171 — parking lot, [12] Vicinity of Oizumi Plant, etc.

Tokyo Office Tokyo 158 79 1,688 —

585 LEVORG, IMPREZA, SUBARU XV, Gunma Main Plant Gunma 330 4,735 [14] WRX, and SUBARU BRZ

LEGACY, OUTBACK, IMPREZA, Gunma Yajima Plant Gunma 550 319 3,271 SUBARU XV, and FORESTER

Automotive Automobile engines and Gunma Oizumi Plant Gunma 304 238 2,872 Business Unit Gunma transmissions Plant Gunma Ota North Plant Gunma 44 25 0 —

SUBARU 1,081 25 162 — R&E Center (Sano)

SUBARU Hokkaido 3,614 0 0 — R&E Center (Bifuka)

Utsunomiya Plant Tochigi 572 228 1,847 Aircraft Handa Plant Aichi 59 31 293 Aircraft Company Handa West Plant Aichi 51 13 44 Aircraft

Subtotal (1) 7,605 1,562 15,806

The site of airport Gunma 622 0

Utsunomiya airstrip Tochigi 105 0

Welfare facility — 215 96

Other Lease to affiliates Aichi 37 8

Isesaki business office Gunma 157 60

Eco Utsunomiya factory Tochigi 6 1

Saitama Plant Saitama 143 74

Subtotal (2) 1,285 239

Total (1)+(2) 8,890 1,801

1. [ ]: area of tenancy 2. Welfare facility includes 37 sites of dormitories and company houses 3. Number of employees excludes executive officers, advisors, and dispatches

87 Annual Report 2020 Business Foundation Value Creation Growth Strategy Value Creation Outcomes Corporate Data Supporting Value Creation

(As of April 1, 2020) Main Subsidiaries (Domestic) (Number of employees: as of March 31, 2020)

Capital Number of FYE March 2020 Investment Name Established Location Representative (Millions of Employees Net Sales Operations Ratio* (%) yen) (Persons) (Millions of yen)

Manufacture and sales of automobile parts, Tamaki Fuji Machinery Co., Ltd. 1950. 7. 18 Gunma 480 100.0 483 44,077 industrial product parts and agricultural Kamogawa transmissions

Satoshi Manufacture and sales of forging parts of Ichitan Co., Ltd. 1951. 2. 2 Gunma 480 100.0 231 20,060 Maeda automobile and industrial machinery

Manufacture of specially-equipped SUBARU Toshiaki automobiles, engines, and sheet metal repair KIRYU INDUSTRY Co., Ltd. 1960. 12. 23 Gunma 400 100.0 309 11,705 Tamegai parts, remanufacture of transmissions, and after-sales service for industrial products Management of motor sports activities, sales Subaru Tecnica International Yasuo of motor sports parts and merchandise, 1988. 4. 2 Tokyo 250 100.0 112 4,828 Inc. Hiraoka technical development, R&D support, and automobile maintenance

Subaru Used cars Sales & Masahiro Tack-related operation of used cars, 1988. 4. 2 Kanagawa 100 100.0 20 2,659 Marketing Co., Ltd. Maeda head office of SUAA Kanto, sales of supplies

Sales, research & development, licensing of Toshio technology and import-export business of Subaru Auto Accessories Ltd. 1987. 3. 9 Saitama 70 100.0 74 14,011 Masuda automobile accessories, parts and service materials

Shipping, land freight, warehousing, Masaki Subaru Logistics Co., Ltd. 1986. 3. 27 Gunma 96 100.0 360 23,515 maintenance and insurance for automobiles Okawara and their components

Junichi Storing and shipping of automobiles for H. B. C. Co., Ltd. 1983. 8. 29 Kanagawa 490 68.0 8 817 Tsukamoto international sales

Mitsuru Leasing and rental of SUBARU automobiles, Subaru Finance Co., Ltd. 1988. 7. 1 Tokyo 2,000 100.0 222 24,856 Takahashi credit, financing and sales of auto insurance

Design, plan, research, experiment, Hiromi examination and compile technical material SUBARU TECHNO CORPORATION 1985. 3. 2 Tokyo 70 100.0 970 9,164 Tamou of automobile, aircraft, general-purpose engine and environmental tool

Development of technical service documents Yoshinori Subaru Intelligent Service Ltd. 2005. 3. 1 Tokyo 40 75.0 58 2,555 including service manuals and owners Saito manuals

Eiji Yusoki Kogyo K. K. 1950. 7. 15 Aichi 100 100.0 135 2,142 Manufacture and sales of aircraft parts Tanikawa

Fuji Aircraft Maintenance Takayuki Inspection, service and maintenance of 1988. 10. 31 Tokyo 30 100.0 190 1,450 Co., Ltd. Kobayashi aircraft and onboard equipment

Yasuhiro Fuji Aerospace Corporation 1991. 6. 14 Tochigi 30 100.0 175 1,645 Processing and assembly of aircraft parts Hamanaka

Contract design, drafting, translation, Fuji Aerospace Technology 1994. 4. 1 Tochigi TBD 20 100.0 94 2,732 calculation, analytical testing and software Co., Ltd. development for aircraft

Deal/rental of real estate, administrative Masami operation of rental hall and conference room, Subaru Kohsan Co., Ltd. 1977. 2. 2 Tokyo 675 100.0 85 7,058 Iida administrative operation/rental of parking ground, travel agency Development, maintenance and operation of SUBARU IT CREATIONS Nozomu information systems and related consulting 1993. 4. 1 Saitama 100 100.0 294 21,983 CORPORATION Oyama services; sales and leasing of information equipment

Sales of office supplies and daily Subaru Living Service Masami 1988. 4. 2 Tokyo 20 100.0 307 19,033 commodities, real estate services, and Co., Ltd. Iida personal import services

*On a consolidated basis

Annual Report 2020 88 Corporate Information

(As of April 1, 2020) Main Subsidiaries (Overseas) (Number of employees: as of March 31, 2020)

Number of Investment Region Name Established Address Representative Employees Operations Ratio* (%) (Persons)

One Subaru Drive, Camden, Thomas J. Sales of SUBARU vehicles and Subaru of America, Inc. 1968.2 100 1,286 NJ 08103, U.S.A. Doll supplies

Manufacture of SUBARU vehicles, 5500 State Road 38 East, Lafayette, Fumiaki Subaru of Indiana Automotive, Inc. 1987.3 100 6,322 purchasing of parts, sales for Subaru IN 47905, U.S.A. Hayata of America, Inc.

C/O Subaru of America, Inc. Technical research on SUBARU Makoto North American Subaru, Inc. 1985.9 One Subaru Drive, Camden, 100 84 vehicles in North American market, Ikemura NJ 08103, U.S.A. government relations

50255 Michigan Avenue, Van Buren Township, MI48111, U.S.A. North 6431 Global Drive Cypress, America CA 90630, U.S.A. 14382 Chambers Road, Tustin, Compiling of technical information Subaru Research & CA 92780, U.S.A. Tetsuo about automobile market of North 1986.6 100 76 Development, Inc. 46718 Fremont Blvd, Fremont, Fujinuki America, research and development CA 94538, U.S.A. of SUBARU vehicles C/O Subaru of Indiana Automotive, Inc. 5500 State Road 38 East, Lafayette, IN 47905, U.S.A.

560 Suffolk Court Mississauga, Yasushi Sales of SUBARU vehicles and Subaru Canada, Inc. 1989.1 100 169 Ontario, L5R 4J7, Canada Enami supplies

Leuvensesteenweg 555 B/8, Takeshi Sales of SUBARU vehicles and Subaru Europe N.V./S.A. 2002.3 100 41 1930 Zaventem, Belgium supplies

Via Montefeltro, 6/A, Kunichika Sales of SUBARU vehicles and Subaru Italia S.p.A. 1985.7 100 53 20156 Milano, Italy Koshimizu supplies Europe Leuvensesteenweg 555 B/1, Shunsuke Sales of SUBARU vehicles and N.V. Subaru Benelux 1974.3 100 35 1930 Zaventem, Belgium Sawada supplies

Contract of discharging and Merseyweg 40, 3197 KG Botlek, Shunsuke Subaru Vehicle Distribution B.V. 2001.5 50 0 transporting inland for dealers in Netherlands Sawada Middle Europe, PDI operation

Room405, Building D2, Liangmaqiao Diplomatic Office Building No.19 Hiroaki Sales of SUBARU vehicles Subaru of China Ltd. 2006.3 60 181 Dongfangdonglu Chaoyang District, Takahashi and supplies Beijing 100600, China Asia Room401A, Building D2, Liangmaqiao Authentication, research and Diplomatic Office Building No.19 Hisato Subaru Technology Beijing. Co., Ltd. 2013.6 100 42 development of SUBARU vehicles in Dongfangdonglu Chaoyang District, Imamura Chinese market Beijing 100600, China

*On a consolidated basis

89 Annual Report 2020 Business Foundation Value Creation Growth Strategy Value Creation Outcomes Corporate Data Supporting Value Creation

Sales Agents (Domestic) (As of April 1, 2020)

Area Group Head Agent Subsidiary Location President New Car Base

Kushiro Subaru Inc. Hokkaido Hiroshi Uehara 1

Obihiro Subaru Inc. Hokkaido Takashi Ishihara 1

Hokkaido Subaru Inc. Hokkaido Tomoo Takenaka 19

Miyagi Subaru Inc. Miyagi Kazuto Sakamoto 11 Hokkaido Aomori Subaru Inc. Aomori Nobuhiro Mori 6 Tohoku area (9) Iwate Subaru Inc. Iwate Yasuo Watanabe 9 Tohoku region Akita Subaru Inc. Akita Takaharu 6

Yamagata Subaru Inc. Yamagata Shinsuke Ito 5

Fukushima Subaru Inc. Fukushima Ryoichi Uchida 11

Niigata Subaru Inc. Niigata Shiro Ohta 11 Hoku Shinetsu Subaru Shinshu Inc. Nagano Masao Kawada 10 region Hokuriku Subaru Inc. Ishikawa Osamu Ueno 12

Nanshin Subaru Inc. Nagano Hirotada Shibata 1

Fuji Subaru Inc. Gunma Wataru 17

Kanto Tochigi Subaru Inc. Tochigi Kazumasa Kodaira 12 Hokushinetsu area (12) Ibaraki Subaru Inc. Ibaraki Naoki Otsuki 10

Saitama Subaru Inc. Saitama Hiroshi Yoshizawa 16

Kanagawa Subaru Inc. Kanagawa Taisuke Suzuki 26

Chiba Subaru Inc. Chiba Tsuguto Nakamura 20

Tokyo Subaru Inc. Tokyo Hiroki Kurihara 32 Tokyo/Yamanashi Yamanashi Subaru Inc. Yamanashi Hirohiko Kumada 3

Shizuoka Subaru Inc. Shizuoka Shinichi Ishida 12

Nagoya Subaru Inc. Aichi Takumi Ogasawara 21

Tokai region Gifu Subaru Inc. Gifu Koichi Numa 8

Mie Subaru Inc. Mie Masato Yachida 7

Subaru Higashi Aichi Inc. Aichi Yasuo Nishikawa 3 Chubu Fukui Minami Subaru Inc. Fukui Satoshi Okada 1 Kinki area (11) Nara Subaru Inc. Nara Shinichi Takagi 5

Osaka Subaru Inc. Osaka Motoya Yamamoto 25

Kyoto Subaru Inc. Kyoto Kinya Abe 7 Kinki region Shiga Subaru Inc. Shiga Tetsuo Inoue 7

Hyogo Subaru Inc. Hyogo Masamichi Kudo 18

Hiroshima Subaru Inc. Hiroshima Atsushi Ishikawa 9

Sanin Subaru Inc. Tottori Wataru Ishihara 6

Chugoku/ Okayama Subaru Inc. Okayama Sadayuki Hata 7 Shikoku region Yamaguchi Subaru Inc. Yamaguchi Kenichi Kobayashi 6

Higashi Shikoku Subaru Inc. Kagawa Hiromi Fujita 7

Chugoku Shikoku Shikoku Subaru Inc. Ehime Tsukasa Morita 7 Kyushu area (12) Fukuoka Subaru Inc. Fukuoka Tatsuya Yamano 16

Nishi Kyushu Subaru Inc. Nagasaki Kenichi Fujii 6

Kumamoto Subaru Inc. Kumamoto Tetsuya Matsumoto 8 Kyushu region Oita Subaru Inc. Oita Toshiki Sugihara 5

Minami Kyushu Subaru Inc. Kagoshima Kenichi Hasegawa 10

Okinawa Subaru Inc. Okinawa Koichi Okazaki 3

Total 6 44 33 — — 443

Annual Report 2020 90 Corporate Information

(As of April 1 2020) Distributors (Overseas) (Dealer numbers: as of December 31, 2019)

Number of Investment Region Market Company Location Dealers Ratio* (%)

U.S. Subaru of America, Inc. Camden, NJ, U.S.A. 633 100% North America Canada Subaru Canada, Inc. Mississauga, Ontario, Canada 94 100%

Total 2 countries — —

Germany SUBARU DEUTSCHLAND GMBH Friedberg, Germany 150 29%

Europe Switzerland SUBARU SCHWEIZ AG Safenwil, Switzerland 137 0%

Sweden Subaru Nordic AB Arlöv, Sweden 126 0%

Total 30 countries — —

Israel Japanauto-Israel Auto Corporation Ltd. Petah tikva, Israel 12 0% CIS, the Middle East, and Africa Russia SUBARU MOTOR (RUSSIA) LLC Moscow, Russia 48 33%

Total 16 countries — —

Australia Subaru (Aust) Pty Ltd. Sydney, Australia 123 8% Oceania New Zealand Subaru of New Zealand Auckland, New Zealand 16 0%

Total 8 countries — —

Chile Inchcape Automotriz Chile S.A. Santiago, Chile 31 0% Latin America Peru Inchcape Latam Perù S.A. Lima, Peru 11 0%

Total 22 countries — —

Taiwan Subaru of Taiwan Co., Ltd. Taoyuan City, Taiwan 22 35%

Asia Thailand TC Subaru (Thailand) Co., Ltd. , Thailand 33 0%

Malaysia TC Subaru Sdn Bhd Selangor, Malaysia 31 0%

Total 10 countries — —

China Subaru of China Ltd. Beijing, China 160 60%

Total 1 country — —

*On a consolidated basis

91 Annual Report 2020 Business Foundation Value Creation Growth Strategy Value Creation Outcomes Corporate Data Supporting Value Creation

Global Network

Main Overseas Business Sites

4

2 9 11 5 6 10 1 3 1 7 8

1 Subaru Europe N.V./S.A. 7 Subaru of America, Inc. 2 Subaru Italia S.p.A. 8 North American Subaru, Inc. 3 N.V. Subaru Benelux 9 Subaru Research & Development, Inc. 4 Subaru Vehicle Distribution B.V. 10 Subaru of Indiana Automotive, Inc. 5 Subaru of China Ltd. Production Models: Legacy, Outback, Impreza, and Ascent 6 Subaru Technology Beijing. Co., Ltd.

11 Subaru Canada, Inc.

Main Domestic Business Sites

Automotive Business Unit

Gunma Plant

Plant Production Models Levorg, Impreza, SUBARU XV, Main Plant WRX, and SUBARU BRZ Aerospace Company Legacy, Outback, Impreza, Yajima Plant SUBARU XV, and Forester Utsunomiya Plant Oizumi Plant Automobile engines and transmissions

Aerospace Company

Handa Plant Handa West Plant

1 Head Office

Tokyo Office

Annual Report 2020 92 Corporate Information

Corporate Data (As of March 31, 2020)

Company Name SUBARU CORPORATION Main Businesses Automotive: The manufacture, sale, and repair of passenger Established July 15, 1953 cars and their components Paid-In Capital ¥153,795 million Aerospace: Fiscal Year-End March 31 The manufacture, sale, and repair of airplanes, aerospace-related machinery, and their Accounting Auditors KPMG AZSA LLC components Number of Affiliates 73 consolidated subsidiaries and 10 equity-method affiliated companies Number of Employees 15,806 (consolidated: 35,034) (excluding executive officers, advisors and dispatches) Website Addresses Corporate website: https://www.subaru.co.jp/en/ Investor information website: https://www.subaru.co.jp/en/ir/

Stock Information (As of March 31, 2020)

Common Stock Authorized 1,500,000,000 shares Breakdown of Shareholders

Common Stock Issued 769,175,873 shares Securities companies 31,243,000 shares Number of Shareholders 152,889 Treasury stock 4.06% Number of Shares per 100 shares 1,960,000 shares 0.25% Trading Unit Individuals and others Stock Exchange Listing 105,762,000 shares 13.75% Financial institutions Securities Code 7270 253,143,000 shares Transfer Agent Mizuho Trust & Banking Co., Ltd. Japanese 32.91% 2-1, Yaesu 1-chome, Chuo-ku, corporations and others Tokyo 103-8670, Japan 171,810,000 shares Telephone: 0120-288-324 (toll-free) Foreign institutions 22.34% and others 205,256,000 shares 26.69%

Major Shareholders

Number of Shares Held Percentage of Total Name (in thousands) Shares Held Toyota Motor Corporation 153,600 20.02 The Master Trust Bank of Japan, Ltd. (Trust account) 68,332 8.91 Japan Trustee Services Bank, Ltd. (Trust account) 42,671 5.56 BNYM TREATY DTT 15 18,729 2.44 GIC PRIVATE LIMTED-C 13,917 1.81 Japan Trustee Services Bank, Ltd. (Trust account 9) 12,924 1.68 Japan Trustee Services Bank, Ltd. (Trust account 5) 12,646 1.65 JP MORGAN CHASE BANK 385151 10,721 1.40 MIZUHO SECURITIES ASIA LIMITED-CLIENT A/C 10,112 1.32 , Ltd. 10,078 1.31

*Number of shares held are rounded down to the nearest thousand shares *The percentage of total shares held is calculated based on the number of shares excluding treasury stock of 1,960,368 shares

Contact for Inquiries: Investor Relations Dept., SUBARU CORPORATION Address: Ebisu Subaru Bldg., 1-20-8, Ebisu, Shibuya-ku, Tokyo 150-8554, Japan Telephone: +81-3-6447-8000 (switchboard)

93 Annual Report 2020

Ebisu Subaru Bldg., 1-20-8, Ebisu, Shibuya-ku, Tokyo 150-8554, Japan Phone & Fax: +81-3-6447-8000 https://www.subaru.co.jp/en/ir/