As expected, the BRZ shares much of its styling with the 86, with only the unique bumper designs, front fender inserts and smaller exhaust outlets standing out as the most obvious differences.
While the headlights of both cars share the same external design, the Toyota versions utilise a row of individual LED 'daytime running lights' and the Subaru gets a single Audi-like LED strip that wraps around the projector light.
It remains to be seen if Subaru will produce an enhanced version of the BRZ based on the recent BRZ Concept STI; the carmaker is revealing none of its cards on that front.
Just as the BRZ shares much of its styling with the Toyota, so too is its mechanical package shared.
The BRZ's 2.0 litre direct-injected boxer engine delivers the same 147kW ay 7000rpm and 205Nm of torque at 6600rpm.
The naturally-aspirated engine is paired with either a six-speed manual transmission or a six-speed automatic with paddle shifters.
The engine however is positioned lower and further back than in other Subaru models, providing what Subaru promises will be one of the lowest centres of gravity of any car currently on the market.
While the Toyota 86 is scheduled for an Australian debut in 2012, it remains to be seen if we will we see the BRZ in Australia.
A decision on a local debut has yet to be made, with fears that the coupe's rear-wheel-drive layout could work against the brand's (all) all-wheel-drive image.
Speaking with TMR in Japan during a private unveiling for the BRZ, Subaru Australia boss Nick Senior confirmed that a decision on the car will not be made before the end of 2011.
If the BRZ does come to Australia, expect a debut around the middle of 2012, either timed alongside or after the Toyota version.