Subaru Corporation Celebrates 70th Anniversary

Tokyo, July 14, 2023 – Subaru Corporation is pleased to announce that the company will celebrate its 70thanniversary on July 15 this year.
Subaru Corporation traces its roots back to the Aircraft Research Laboratory established in 1917, which later
became Nakajima Aircraft Co. Ltd. After a series of reorganizations, Fuji Heavy Industries Ltd. was establishedon July 15, 1953, which was later renamed to its current name, Subaru Corporation, on April 1, 2017.
Since its founding, the company has expanded into a variety of businesses - automotive as its primary business,along with aerospace, industrial products, eco-technologies, bus manufacturing, and prefabricated housingbusinesses. Today, automotive and aerospace are the two pillars of the company's business.
In the automotive business, the company introduced its first vehicle in 1958, the Subaru 360, a minicar designed
to fulfill the Japanese government's concept of a “people's car.” Since then, Subaru has continued to deliver
distinctive technologies and products such as the Leone, Japan's first mass-produced all-wheel drive (AWD)
vehicle; the Legacy, which led the station wagon boom; the EyeSight advanced driver-assist system; and theSubaru BRZ sports car and Solterra battery-electric SUV, both co-developed with Toyota Motor Corporation,bringing new value to customers in response to, and sometimes ahead of, the times.
Over the years, Subaru has received strong support from customers around the world, marking cumulative AWD
production of 20 million units in 2021 and cumulative global sales of 5 million EyeSight-equipped Subaru
vehicles in 2022.
In the aerospace business, since the first flight of Japan's first jet plane, the T-1, in 1958, the company has beenenhancing its technologies by participating in domestic aircraft development programs and international joint
development programs. Subaru will continue to grow with three core businesses: defense programs, commercial
programs such as the Boeing 787, and helicopter programs such as the UH-2.
Under the new management team that took office in June this year, the Subaru Group will work as one team toovercome this era of significant changes in the automotive industry and strive for further growth.
With our products and value propositions, Subaru will continue to provide “Enjoyment and Peace of Mind”
through a variety of efforts to enrich people’s hearts and lives by staying close to our customers and society.
With the goal of “Delivering Happiness” to people, society, and even the earth, Subaru will strive for thesustainable growth of the Subaru Group and the realization of an enjoyable and sustainable society.

Brief history of Subaru Corporation:
1917:

Chikuhei Nakajima establishes the Aircraft Research Laboratory.

1918:

The Aircraft Research Laboratory is renamed Nakajima Aircraft Factory (later incorporated as Nakajima
Aircraft Co., Ltd. in 1931).

1945:

Nakajima Aircraft Co., Ltd. is reorganized as Fuji Sangyo Co., Ltd. and shifts from aircraft manufacturing
to the production of civilian goods.

1950:

In accordance with the Company Reorganization Act, Fuji Sangyo Co., Ltd. is divided into 12companies, including Fuji Kogyo, Fuji Jidosha Kogyo, and Utsunomiya Sharyo.

1953:

Five of the 12 companies, including Fuji Kogyo, contribute capital to establish Fuji Heavy Industries Ltd.
(Fuji Heavy Industries later acquires and merges with the five companies in 1955).

2017:

Fuji Heavy Industries Ltd. is renamed Subaru Corporation.

Origin of the name Subaru:
Subaru is the Japanese name for the Pleiades star cluster in the constellation of Taurus, also called"Mutsuraboshi" (Six Stars) in Japan.
With the history that Fuji Heavy Industry was founded with capital contributions from five companies with roots in
Nakajima Aircraft, and later acquired and merged with these five companies, the company adopted the nameSubaru for its vehicles to symbolize the merger and unity of the six companies.
Subaru was the first brand to use a Japanese name for its vehicles.

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