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May 15, 2026

Notice Concerning Variance Between Non-Consolidated Full-year Financial Results
and the Actual results of the Previous Fiscal Year

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 the variance between the non-consolidated full-year results for the fiscal year ended March 31, 2026, and those for the previous fiscal year is as follows.

1.　Variance between the Actual results for the Fiscal Year ending March 2026 and the Actual results for the Previous Fiscal Year
  Net Sales Operating
income		 Ordinary
income		 Net income
(Loss)		 Net income
per share,
Basic(Loss)
Previous Fiscal Year
Results (A)
(FY Ended 31 March, 2025)		 Million Yen
2,726,000		 Million Yen
279,086		 Million Yen
386,708		 Million Yen
325,015		 Yen Sen
440.11
Actual Value (B)
(FY Ended 31 March, 2026)		 2,495,303 1,451 39,680 (51,356) (70.91)
Amount of Variance (B)-(A) (230,698) (277,636) (347,028) (376,371) －
Variance Rate (%) (8.5) (99.5) (89.7) － －
2.　Reason for the Difference

Operating income decreased by 277,636 million yen compared with the previous fiscal year, mainly due to a decline in unit sales and the impact of additional tariffs in the United States. Ordinary income decreased by 347,028 million yen compared with the previous fiscal year, mainly due to a decrease in dividend income. Net loss amounted to 51,356 million yen, reflecting losses related to environmental regulatory credits and the recognition of BEV-related expenses, resulting in a decrease of 376,371 million yen compared with the previous fiscal year.

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