Shareholder Returns Policy

The Company positions the return to shareholders as an important managerial issue and have adopted performance linked approach based on continuous and stable dividend payouts, taking into account the business performance, investment plans, and business environment for each fiscal period.

Regarding the year-end dividend for the fiscal year ending March 31, 2023, as a result of comprehensive consideration of factors such as business performance for the current fiscal year, future business development, and the business environment, We will set it at 38 yen per share. The total annual dividend for the year under review would be ¥76 per share including the paid interim dividend of ¥38 per share.
The forecast for the dividend per share for the fiscal year ending March 31, 2024 is 76 yen, the same amount as for the fiscal year ending March 31, 2023.


Forward-looking statements are based on the information available at the time of announcement (May 11, 2023) and are subject to various risks and uncertainties that could cause actual results to vary materially.

Dividend Payout Ratio

On May 11, 2023, Subaru Corporation (the “Company”) announced the "Notice Regarding Repurchase and Cancellation of Own Shares" after comprehensively considering the current performance, business environment, future demand for funds, etc.
The Company will repurchase up to 40 billion yen (maximum total repurchase amount) Purchase of treasury shares in order to improve capital efficiency and will cancel all of the repurchased Treasury shares.
As a result, the total return ratio for the fiscal year ending March 31, 2023, including dividends and share buybacks, is expected to be 49.1%.

The Group has voluntarily adopted the IFRS from the fiscal year ended March 2020, and the Dividend Payout Ratio for the FYE 2019 have also been reclassified to the IFRS basis and presented. For years prior to the fiscal year ended March 2019, figures are presented in accordance with Japanese GAAP.

Dividend Yield