Consolidated Subsidiaries and Affiliates (As of March 31, 2003) OVERSEAS JAPAN Fuji Robin Industries Ltd. (58.0%) Subaru of America, Inc. (100.0%) and 10 subsidiaries Fuji Machinery Co., Ltd. (69.5%) Fuji Heavy Industries U.S.A. Inc. (100.0%) and one subsidiary Ichitan Co., Ltd. (51.0%) Kiryu Industrial Co., Ltd. (97.5%) Subaru Research & Development, Inc. Subaru Kosan Co., Ltd. (100.0%) Subaru UI Co., Ltd. (100.0%) FICS Corporation (100.0%) Subaru Finance Co., Ltd. (100.0%) Subaru of Indiana Automotive, Inc. (100.0%) and one subsidiary Yusoki Kogyo K.K. (45.6%) Subaru of Taiwan Co., Ltd.  Subaru Canada, Inc. (100.0%) and one subsidiary TOKYO SUBARU INC. (100.0%) and 40 other dealerships NIIGATA SUBARU, Inc.* (46.7%) Subaru Europe N.V./S.A. (100.0%) Robin Manufacturing U.S.A., Inc. (60.0%) Annual Report 2003 57 * Affiliates accounted for by the equity method 1201 Industrial Road, Hudson, WI 54016, U.S.A. Phone: +1-715-381-5902 Fax: +1-715-381-5901 Manufacture and sales of general-purpose, four-wheel buggy  and golf cart engines Hermesstraat 6C, 1930 Nossegem-Zaventem, Belgium Phone: +32-2-714-0400 Fax: +32-2-725-7792 Distribution, sales and marketing of automobiles, parts and accessories 5990 Falbourne Street, Mississauga, Ontario, Canada L5R 3S7 Phone: +1-905-568-4959 Fax: +1-905-568-8087 Distribution and sales of Subaru automobiles http://www.subaru.ca/ 8F-1, No. 100, Sec. 2, Chung Hsiao E. Rd.,  Taipei, Taiwan Phone: +886-2-8866-6630 Fax: +886-2-2832-4021 http://www.subaru-sot.com.tw/ Distribution, sales, and service of Subaru automobiles http://www.niigata-subaru.co.jp/ Distribution, sales, and service of Subaru automobiles http://www.sss.ne.jp/tokyo-subaru/ Manufacture and sales of parts for car trailers, crane trucks, construction machinery, and automobiles http://www.yusoki.co.jp/ Leasing and rental of Subaru automobiles and industrial products and credit, financing, accounting service, and sales of insurance http://www.subaru-finance.co.jp/ Distribution and service of Volvo automobiles Refurbishment, distribution, and sales of used Subaru cars Sales and leasing of real estate and travel agency operations  Manufacture of Subaru specially equipped automobiles and man- agement of Subaru automobile parts distribution http://www.kiryu-kougyo.co.jp/ Manufacture and sales of forged automobile/industrial product parts http://www.ichitan.co.jp/ Manufacture and sales of automobile parts and industrial product parts http://www.fuji-machinery.co.jp/ Manufacture, service, and sales of agricultural/forestry equipment, engines, fire pumps, and related parts http://www5.mediagalaxy.co.jp/fujirobin/ Subaru Plaza, 2235 Route 70 West, Cherry Hill, NJ 08002, U.S.A. Phone: +1-856-488-8500 Fax: +1-856-665-3346 Distribution and sales of Subaru automobiles and parts http://www.subaru.com/ c/o Subaru of America, Inc. Subaru Plaza, 2235 Route 70 West, Cherry Hill, NJ 08002, U.S.A. Phone: +1-856-488-8532 Fax: +1-856-488-9279 Distribution and sales of Subaru automobiles and parts 3995 Research Park Drive, Ann Arbor, MI 48108, U.S.A. Phone: +1-734-623-0075 Fax: +1-734-623-0076 Research and development of automobiles 5500 State Road 38 East, Lafayette, IN 47905, U.S.A. Phone: +1-765-449-1111 Fax: +1-765-449-6952 Manufacture of Subaru automobiles http://www.subaru-sia.com/