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    7270   JP3814800003

SUBARU CORPORATION

(7270)
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Delayed Japan Exchange  -  01:00 2022-11-29 am EST
2283.50 JPY   -1.08%
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Subaru Celebrates 50th Anniversary of its All-Wheel Drive System

09/19/2022 | 10:43am EST

Tokyo - Subaru Corporation is pleased to celebrate the 50th anniversary of the debut of its All-Wheel Drive (AWD) system this year. Since the introduction of the Subaru Leone 4WD Estate Van, Japan's first mass-produced AWD passenger car, in September 1972, the company has produced about 21 million*1 AWD vehicles to date.

Subaru vehicle with 50th Anniversary logo

AWD models currently account for 98%*2 of Subaru's global sales, and all of those AWD models*3 feature the Subaru Symmetrical AWD system fitted with the horizontally-opposed 'Boxer' engine.

The most distinctive feature of Subaru's Symmetrical AWD is a symmetrically laid-out drivetrain paired with a longitudinally-mounted Boxer engine positioned in line with it. The combination of the low centre of gravity provided by the Boxer engine and the superior weight balance of the symmetrical drivetrain maximizes stability and traction intrinsic to all-wheel drive, offering superb driving performance in a variety of weather and road conditions. In addition to these hardware advantages, Subaru has been continuously honing its AWD capability under the philosophy of 'human-oriented car making,' to deliver a greater sense of unity with the vehicle which offers increased 'Enjoyment and Peace of Mind' to the driver and passengers.

'As one of the core technologies that underpin Subaru's commitment to safety and driving enjoyment, Subaru's AWD system has been continuously enhanced for over half a century,' said Tomomi Nakamura, President and CEO of Subaru Corporation. 'Toward the age of electrification, we will further refine our long-cultivated AWD capability with electrification technology and continue to pursue the 'Subaru Difference,' such as stability, driving dynamics, and handling.'

Subaru will remain committed to providing 'Enjoyment and Peace of Mind' to our customers around the world, by further enhancing its unique core technologies while advancing the fusion of those and future technologies to meet the needs of the changing times.

*1 As of September 15, 2022. Includes AWD systems other than the Symmetrical AWD.

*2 Excludes OEM-supplied vehicles.

*3 ICE, HEV, and PHEV

About Subaru Canada, Inc. Subaru Canada, Inc. is a wholly owned subsidiary of Subaru Corporation of Japan. Headquartered in Mississauga, Ont., the company markets and distributes Subaru vehicles, parts and accessories through a network of 95 authorized dealers across Canada. For more information, please visit www.subaru.ca or www.pr.subaru.ca or follow @SubaruCanada on Twitter.

(C) 2022 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
SUBARU CO., LTD. -0.93% 5350 Delayed Quote.12.97%
SUBARU CORPORATION -1.08% 2283.5 Delayed Quote.12.23%
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Analyst Recommendations on SUBARU CORPORATION
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Financials
Sales 2023 3 869 B 27 961 M 27 961 M
Net income 2023 219 B 1 582 M 1 582 M
Net cash 2023 565 B 4 083 M 4 083 M
P/E ratio 2023 7,99x
Yield 2023 3,55%
Capitalization 1 751 B 12 656 M 12 656 M
EV / Sales 2023 0,31x
EV / Sales 2024 0,26x
Nbr of Employees 36 910
Free-Float 77,7%
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Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 2 283,50 JPY
Average target price 2 811,88 JPY
Spread / Average Target 23,1%
EPS Revisions
Managers and Directors
Tomomi Nakamura Executive Officer & Deputy GM-Global Marketing
Katsuyuki Mizuma CFO, Director & Chief Risk Management Officer
Kazuo Hosoya Deputy General Manager-Domestic Sales
Takuji Dai Chief Information Officer
Tetsuro Fujinuki Chief Technology Officer
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