Subaru : Notice Regarding the Status of Share Repurchase (May
September 25, 2023 at 04:49 am EDT
Share
June 1, 2023
Company name: SUBARU CORPORATION
Representative: Tomomi Nakamura, Representative Director, President and CEO (Securities code: 7270; Tokyo Stock Exchange Prime Market)
Contact for inquiries: Yasushi Nagae, Vice President and General Manager of Investor Relations Department Phone: +81-3-6447-8825
Notice Regarding the Status of Share Repurchase
Subaru Corporation (the "Company"), at a meeting of Board of Directors held on May 11, 2023 resolved to repurchase its own shares in accordance with Article 156 of the Companies Act (the "Act") applicable pursuant to Paragraph 3, Article 165 of the Act. The status of the share repurchases is as follows.
(1) Class of shares repurchased
Common stocks
(2) Total number of shares repurchased
4,132,900 shares
(3) Aggregate repurchased amount
9,626,053,150 yen
(4) Repurchase period
From May 12, 2023 to May 31, 2023
(5) Repurchase method
Purchase at the Tokyo Stock Exchange
(Market purchases based on a discretionary trading contract regarding acquisition of own shares)
(Reference)
Details of the resolution at the Board of Directors meeting held on May 11, 2023
(1) Class of shares to be repurchased
Common stocks
(2) Total number of shares to be repurchased
Up to 22,000,000 shares
(Represents approximately 2.9 % of the total number of outstanding shares (excluding treasury stock))
(3) Aggregate amount to be repurchased
Up to 40 billion yen
(4) Repurchase period
From May 12, 2023 to September 30, 2023
(5) Repurchase method
Purchase at the Tokyo Stock Exchange
(Market purchases based on a discretionary trading contract regarding acquisition of own shares)
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Subaru Corp. published this content on 25 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 September 2023 08:48:05 UTC.
Subaru Corporation specializes in the production and marketing of automotive vehicles. The group also develops aeronautical construction activity. Net sales (including intragroup) break down by activity as follows:
- sale of vehicles (96.7%): mini-cars and individual cars (860,000 units sold in 2020/21; brands Legacy, Impreza, Forester, Exiga, etc.);
- sale of aircrafts (3.1%);
- other (0.2%): primarily manufacturing of industrial equipment (engines, pumps, electric generators, etc.).
Net sales break down geographically as follows: Japan (17.6%), Asia (3.3%), North America (73.6%), Europe (1.9%) and other (3.6%).