Knowledge of the subjective experience of patients has important implications for the understanding and treatment of schizophrenia. However, previous studies examining the clinical correlates of subjective experiences have yielded inconclusive results. The present study of Japanese inpatients with chronic schizophrenia aimed to reveal the factorial structure of patients’ subjective experiences and to examine the relationships between identified factors and demographic and clinical variables. A systematic assessment was carried out of objective psychopathology and subjective experiences in 129 inpatients. A factor analysis of the data of patients’ subjective experiences identified five factors. Delusions/hallucinations, as clinical variables, were significantly associated with three of these factors. Negative symptoms, extrapyramidal side effects, and female gender each had significant associations with only one of the factors. The first factor, which accounted for the highest percentage, did not correlate significantly with any of the clinical or demographic variables. Subjective experiences in chronic schizophrenia appear to have a heterogeneous structure and fall into two groups, one relatively independent of objective psychopathology and the other reflecting the clinical variable delusions/hallucinations.