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    9778   JP3399750003

SUBARU CO., LTD.

(9778)
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Delayed Japan Exchange  -  11:58 2022-11-24 pm EST
5290.00 JPY   -1.12%
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SUBARU TO ADOPT ALL CAMDEN CITY SCHOOL DISTRICT MIDDLE SCHOOL CLASSROOMS; Automaker Surprised School District at Volunteer Event to Set Up Classrooms for 2022-2023 School Year

09/01/2022 | 11:14am EST

Subaru of America, Inc. (SOA) today announced that in continuation of its work to support the students of the Camden City School District, the automaker will 'adopt' all middle school (grades six through eight) classrooms in the district, providing critical learning materials to students. The adoption is part of the Subaru Loves Learning initiative, a partnership with AdoptAClassroom.org to give all students an equal opportunity to thrive in the classroom.

The adoption of Camden City School District middle schools will impact seven schools, 88 classrooms, and 1,184 students. In addition to providing flexible funding for teachers to purchase supplies customized to their classroom, Subaru will also provide school supply kits of classroom essentials, packed by employees at Subaru of America.

'All students deserve the tools to thrive and succeed in the classroom, and we want our friends and neighbors in Camden to have every opportunity to get a great education and achieve their goals,' said Thomas J. Doll, President and CEO, Subaru of America, Inc. 'We hope this 'adoption' from Subaru helps support a great school year for all.'

Employees from Subaru of America headquarters surprised Camden City School District faculty with the announcement at a volunteer day to help teachers set up their classrooms. More than 100 Subaru volunteers traveled to schools throughout the district to help set up and clean classrooms, decorate bulletin boards, and more in preparation for the first day of school.

'Middle school is a pivotal moment in a child's education and lacking essential learning materials adds extra burdens to students, parents and classrooms,' said Katrina McCombs, Superintendent of the Camden City School District. 'Thanks to Subaru, the Camden City School District can focus on doing what we do best: helping students in our school district achieve their highest potential.'

Headquartered in Camden, Subaru of America has a long history of supporting education in the local community. In 2021, Subaru adopted all kindergarten through fifth grade (K-5) classrooms in the Camden City School District. And since 2016, Subaru has provided more than 160 scholarships to support graduating seniors from Camden schools via the 'Remarkable Graduates' program.

As part of the Subaru Loves Learning initiative, Subaru of America and more than 600 participating retailers are working with AdoptAClassroom.org to help teachers and schools purchase the tools and materials they need for their students. The adoption of classrooms in the Camden City school district reinforces the automaker's dedication to enhancing the learning experience for students, especially in their hometown of Camden.

For information about Subaru Loves Learning and to find out more about the partners that Subaru supports, visit subaru.com/learning.

About Subaru of America, Inc.

Subaru of America, Inc. (SOA) is a wholly owned subsidiary of Subaru Corporation of Japan. Headquartered at a zero-landfill office in Camden, N.J., the company markets and distributes Subaru vehicles, parts and accessories through a network of more than 630 retailers across the United States. All Subaru products are manufactured in zero-landfill plants and Subaru of Indiana Automotive, Inc. is the only U.S. automobile manufacturing plant to be designated a backyard wildlife habitat by the National Wildlife Federation. SOA is guided by the Subaru Love Promise, which is the company's vision to show love and respect to everyone, and to support its communities and customers nationwide. Over the past 20 years, SOA and the SOA Foundation have donated more than $270 million to causes the Subaru family cares about, and its employees have logged nearly 78,000 volunteer hours. As a company, Subaru believes it is important to do its part in making a positive impact in the world because it is the right thing to do.

For additional information visit media.subaru.com. Follow us on Facebook, Twitter, and Instagram.

(C) 2022 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
SUBARU CO., LTD. -1.12% 5290 Delayed Quote.10.67%
SUBARU CORPORATION -0.04% 2325 Delayed Quote.13.03%
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Financials
Sales 2022 3 840 M 27,6 M 27,6 M
Net income 2022 136 M 0,98 M 0,98 M
Net Debt 2022 861 M 6,18 M 6,18 M
P/E ratio 2022 19,9x
Yield 2022 2,62%
Capitalization 3 125 M 22,4 M 22,4 M
EV / Sales 2021 1,04x
EV / Sales 2022 0,93x
Nbr of Employees 328
Free-Float 34,6%
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Managers and Directors
Michiko Nishimura President & Representative Director
Masatoshi Tateyama Manager-Administration
Junya Motoki Independent Outside Director
Yoshito Maeda Independent Outside Director
Hisao Mori Deputy Senior Manager-Academic Affairs