• Corporate & Financial

Notice Regarding Distribution of Dividends from Surplus

Company name: SUBARU CORPORATION
Name of representative: Atsushi Osaki, Representative Director, President and CEO
(Securities code: 7270; Tokyo Stock Exchange Prime Market)
Inquiries: Takuma Noguchi, General Manager of Investor Relations Department
(Telephone: +81-3-6447-8825)

　Subaru Corporation (the “Company”) hereby announces that, at its Board of Directors meeting held on May 15, 2026, the Company resolved to make the following revision to its dividend payment using retained earnings with a record date of March 31, 2026.
　This matter will be submitted to the 95th annual general meeting of shareholders scheduled for June 24, 2026.

1.　Details of Dividend

2.　Reason

　The Company implements shareholder returns with a view toward improving capital efficiency over the medium to long term, taking into comprehensive consideration factors such as annual business performance, investment plans, and the business environment. In particular, dividends are positioned as the principal form of shareholder return, and a target dividend on equity (DOE) of 3.5% (*) has been established. From the perspective of shareholder returns in line with the DOE target, the year-end dividend for the fiscal year ending March 31, 2026 will be revised from ¥58.00 to ¥58.50 per share.

(Reference) Breakdown of Annual Dividend

###