UNIQLO CO., LTD.

to Japanese

UNIQLO CO., LTD. merged its shoe businesses in August, including its VIEW and BIJOUX lines, under its existing CANDISH brand. The CANDISH chain of specialty stores offers UNIQLO shoes, which are already available at select UNIQLO locations, as well as the CANDISH collection. For the 2010 Fall season, CANDISH presents its new Cushion Series, which features shock-absorbent insoles for additional cushioning and maximum comfort. The Cushion Series shoes come in two different styles and a wide range of colors, at the amazing prize of 1,990 yen per pair. As a manufacturer and retailer, UNIQLO offers high-quality, comfortable casual footwear at affordable prices.

■ CANDISH: A New Name for UNIQLO'S Shoe Businesses

UNIQLO CO., LTD. integrated all of its specialty shoe brands in August, including its VIEW and BIJOUX lines, to add five new stores to its network of 85 CANDISH stores. CANDISH is a specialty shoe chain offering both UNIQLO SHOES and the CANDISH brand collection under one roof.

■ The New CANDISH Cushion Series: UNIQLO Comfort, Stylish Footwear

UNIQLO focused on comfort for the 2010 Fall season by offering new shock-absorbent insoles for extra cushioning. These three-layer insoles provide maximum comfort via a mix of materials with varying degrees of softness. The line is available at all CANDISH stores and select UNIQLO stores. As a specialty shoe retailer, CANDISH also offers a wide range of new items for the fall season. STYLE UP BOOTS feature 3-cm inner heels to create the appearance of long legs, while SYNTHETIC LEATHER BOOTS offer the authentic look and feel of real leather. UNIQLO offers high-quality, ultra-comfortable casual footwear at affordable prices.

■ NEW Cushion Series: Product Features

We improved the insoles in UNIQLO's popular ROUND PUMPS and RIBBONED BALLET SHOES to produce ultra-comfortable shoes in a wide range of colors for the affordable price of 1,990 yen. Please note that some sizes and colors will be exclusively available at CANDISH specialty shoe stores.

* The ROUND PUMPS and the RIBBONED BALLET SHOES will be available at 90 CANDISH stores and 93 large-format UNIQLO stores, as well as UNIQLO's online store: http://store.uniqlo.com

■ Number of Styles: New 2010 Fall/Winter Arrivals

CANDISH: Ballet shoes - five styles / Pumps - 10 styles / Boots - 22 styles
UNIQLO SHOES: Ballet shoes - one style / Pumps - one style / Boots - four styles

■ Featured 2010 Fall/Winter Arrivals

STYLE UP BOOTS: Available in four different styles
The hidden inner heel adds three centimeters to the slender design, making your legs look longer and more attractive. The insole features anti-bacterial, anti-odor and moisture-absorbing properties to provide maximum comfort.

SYNTHETIC LEATHER BOOTS: Available in 13 different styles
Our boots are now come in special synthetic leather, the closest approximation of real leather that is currently available. Choose from a broad range of styles, including boots with fashionable faux fur and authentic jockey boots.

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Bringing more freedom to the world of fashion, g.u. is pleased to announce that it will open its first flagship store, the g.u. Shinsaibashi Store on Friday, October 22. Boasting a massive sales floor of 1,650 square meters, the store will be the largest yet as it brings to life the brand's concept of amazing fashion at low prices. At the same time, the store will offer customers the highest standards in products, sales floor and visual merchandising, functioning as a springboard to broadcast the latest g.u. to the world. 

■ g.u. launches its first flagship "g.u. Shinsaibashi Store" to open on Friday, October 22

In the four years since opening its first store in October 2006, g.u. has been working hard to open larger stores at a rapid clip with an eye to achieving 50 billion yen in sales and a network of 200 stores in 2013. These efforts have culminated in the opening of the inaugural flagship store, the g.u. Shinsaibashi Store, which will open its doors on October 22, 2010. With a sales floor of 1,650 square meters, it will be the largest g.u. store to date. With a fantastic location along Osaka's bustling Shinsaibashi-suji Shopping Street, which is packed with both established brands and up-and-coming new shops. This prime location and shop scale will make it easier for more people to enjoy the latest fashion and freshest products from the g.u. brand and act as a platform to spread g.u. from Shinsaibashi to every corner of Japan.

■ g.u. presents "amazing fashion at a low-price"

The g.u. Shinsaibashi Store will be the fist g.u. store to have multiple levels, with a four-story structure running from the basement floor to the third floor. The spacious interior is easy to navigate with a full line up of products for men, women and children. To leverage this massive space, special items available exclusively at the store will be marketed to cater to the fashion-conscious customers that frequent the Shinsaibashi district. Each floor features 10 mannequins to visually present coordinated versions of the newest in fashion merchandise available at incredibly low prices showcasing the brand concept of "amazing fashion at a low price."

■ Opening sale to commemorate the g.u. Shinsaibashi Store opening

To commemorate the opening, a three-say sale will be held from October 22. There will be many incredible bargains, including women's and men's fleece T-shirts priced at 290 yen (normally 490 yen) and outerwear at 1,290 yen (normally 1,990 yen). Don't miss the opening of the new g.u. Shinsaibashi Store and the fashion gems that it has to offer.

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UNIQLO's Shinsaibashi store, the company's fifth global flagship store, will open on Friday, October 1 in Osaka, Japan. It will join UNIQLO's other global flagship stores in New York, London, Paris and Shanghai. The massive, 2,640-sqm floor at the highly anticipated Shinsaibashi location will feature the latest quality products, service and creativity to showcase the best of UNIQLO to the world. Our first global flagship store in Japan will help us to share UNIQLO's message with everyone from Osaka to the world.

Shinsaibashi Store: UNIQLO's First Global Flagship Location in Japan to Open on Oct. 1

On Oct. 1, UNIQLO's Shinsaibashi Global Flagship Store will be launched and join the ranks of the ones in New York, London, Paris and Shanghai. This will be the first UNIQLO global flagship store in Japan. UNIQLO selected Osaka as the site of its newest global flagship because of the key role that the city has played in the company's development. In October 2004, UNIQLO opened its first large-format store in the Shinsaibashi-suji shopping district in central Osaka. This paved the way for the large-format store to become one of UNIQLO's major growth engines, with new locations opening in commercial districts throughout Japan, including the Ginza store in Tokyo. Osaka has long been Japan's historical commercial hub and home to a wealth of discerning consumers. UNIQLO has drawn on its experience with its first large-format store there to continuously improve its product and services, as well as the way it managed the other large-format stores it later launched.

UNQLO opened its first global flagship location in New York City in 2006. The UNIQLO Soho store offered fashion-conscious New Yorkers the company's finest products and services presented with impeccable visual merchandising methods  and laid the foundations for the launch of global flagships in London in 2008, Paris in 2009 and Shanghai in May, 2010. Most importantly, these high-profile locations gave UNIQLO the opportunity to communicate with people across the world.

In October 2010, UNIQLO will come full circle, following a long journey from that first large-format store in Osaka to the US, Europe, Asia and back again. After the launch of the global flagship store in Shinsaibashi, UNIQLO would like to open more flagships in major cities around the world, so global consumers can enjoy the UNIQLO experience.

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UNIQLO has launched its first global campaign of the Fall/Winter 2010 season with the introduction of Leggings Pants　- The worldwide movement for comfort and style. UNIQLO is using Leggings Pants - the bottoms that look like skinny jeans but fit like leggings - as part of its efforts to expand its global marketing activities in 2010. Leggings Pants, the next generation of bottoms, offer the unique silhouette of skinny jeans, combined with the comfort of leggings.

Leggings Pants, the First Campaign for Fall/Winter 2010

The theme for the Fall/Winter 2010 season is to promote UNIQLO as a global brand. Leggings Pants, the first campaign product, look like skinny jeans but fit like leggings. UNIQLO's next-generation Jeans Pants will forever change the way you think about bottoms. These hybrid items feature the slim, attractive leg lines of skinny jeans, combined with the comfort of leggings. Leggings Pants are set to liberate the legs of women around the world.

The stretchable material offers maximum comfort while providing a surprisingly snug, flexible fit. Key features include attractive front and back pockets, rounded out by additional details such as buttons. The slim leg line's silhouette attractively shapes legs and bottoms. Leggings Pants can be combined with any look, offering a range of fun coordinating possibilities.

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UNIQLO announced the nationwide sales launch of its 2010 HEATTECH clothing line on August 16, 2010. UNIQLO, which sold nearly 50 million HEATTECH items last year, first started developing the clothing line seven years ago, following intensive technological development of cutting-edge fabric that generates and retains warmth, in addition to five other functions. HEATTECH represents the ultimate achievement in warmth and comfort.

HEATTECH: Amazing Technology

Revolutionary HEATTECH technology has liberated consumers from the age-old dilemma of how to keep warm by weathering the cold months of winter without bothering with bulky clothing. HEATTECH fabric absorbs moisture released by the body and generates heat. Air pockets within the material, meanwhile, offer superior insulation by retaining warmth.

Developed from scratch and based on more than 10,000 prototypes, HEATTECH is the embodiment of cutting-edge textile technology.

HEATTECH is a revolutionary fabric that has been jointly developed by leading fiber manufacturer Toray Industries and UNIQLO with the aim of offering the ultimate in warmth and comfort. More than 10,000 prototypes and samples have culminated in the 2010 version of the HEATTECH fabric, based on extensive research of the human body.
HEATTECH is manufactured on an exclusive production line. This extraordinarily thin material features an astounding array of innovative functions, including anti-bacterial and anti-odor functions, as well as moisturizing properties in the women's line. The impressively light men's version of the fabric also dries quickly. The stretchable material also provides a superior fit, offering unparalleled flexibility in terms of movement. A remarkable sense of comfort is immediately apparent from the moment a HEATTECH item is first worn. The HEATTECH line offers total warmth without resorting to bulky fabric or compromising freedom of movement.    

Seven Features of HEATTECH

Over 100 million items sold worldwide. HEATTECH continues to change winter throughout the world.

HEATTECH is excellent, functional inner wear that allows people to wear multiple layers. More than 100 million HEATTECH items have been sold worldwide since its introduction in 2003. The line has impressed global consumers in Japan, New York, London, Paris, China, Hong Kong and Singapore by freeing them from the bulkiness of winter clothing. HEATTECH is a product of Japan's cutting-edge thread technology.

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UNIQLO's first store in Malaysia, the Fahrenheit 88 Store, will open this fall in Bukit Bintang, the most vibrant commercial district in the national capital, Kuala Lumpur. The large, 2,140-sqm Fahrenheit 88 Store will fully convey the appeal of the UNIQLO brand. Customers will enjoy the experience of a spacious interior stocked with a broad range of items only a large-format store can deliver. Eighteen months have passed since the company's entry into the Southeast Asian market via Singapore. As part of our global expansion plans, we aim to grow UNIQLO across the entire Southeast Asian region, including Malaysia, by continuing to establish the UNIQLO name as one of Japan's leading global brands.

The Fahrenheit 88 Store, UNIQLO's first location in Malaysia, to open this fall

This fall, UNIQLO will open its first store in Malaysia, the Fahrenheit 88 Store, in Kuala Lumpur, the national capital. The store will debut as an anchor tenant in the newly renovated Fahrenheit 88 shopping complex in Bukit Bintang, the city's most vibrant commercial district. UNIQLO will occupy a portion of the first, second and third floors of the complex near the main entrance, with 2,140 sqm of retail space for the large-format store. Due to its sheer size, the store will be able to offer Malaysian consumers a wide range of high-quality products that convey the appeal of the UNIQLO brand. The store, which is opening just 18 months after the debut of UNIQLO's Singapore store in the spring of 2009, is part of the company's efforts to globalize and accelerate its expansion into the Southeast Asian market.

In Malaysia and the rest of the world, UNIQLO will continue to establish itself as a global brand. UNIQLO began its global expansion push in 2001 by opening a store in the UK. By the end of May 2010, it boasted 944 stores 135 of them in overseas markets as a result of its accelerated drive to globalize. The opening of the Fahrenheit 88 Store reinforces the company's commitment to foreign markets, and its overseas expansion plans are set to continue to accelerate in the future.

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FAST RETAILING CO., LTD. has decided to amalgamate two fully owned subsidiaries, CABIN CO., LTD. and LINK THEORY JAPAN CO., LTD. and to restructure the businesses managed by CABIN CO., LTD. The details of this decision are laid out below.

1. Aim of the Amalgamation

Since December 2007, when CABIN CO., LTD., which operates brands such as "ZAZIE" and "enraciné," (henceforth referred to as "CABIN") became a wholly owned subsidiary of FAST RETAILING CO., LTD. through tender offers, FAST RETAILING Group's management has been working to grow CABIN to become one of the FR Group's core women's wear businesses. However, the current business climate in the women's wear retail industry continues to be unfavorable, due to the changing lifestyles and tastes of the young female consumers that CABIN targets as its main customers.
Therefore, we have decided to merge CABIN with another wholly owned subsidiary, LINK THEORY JAPAN CO., LTD., (henceforth referred to as "LTJ") in order in order to optimize FR Group's brand portfolio and to grow its businesses by sharing store networks, personnel and management expertise in the women's wear sector.

2. Restructuring of the CABIN Business

After merging with LTJ, FR Group will cease to operate brands currently managed by CABIN, such as "ZAZIE" and "enraciné," in early 2011. We will talk to related parties and carefully reassess the FR Group's women's wear operations in CABIN's current stores, including the possibility of switching them with other brands managed by our group.

3. Details of the Companies Involved in the Consolidation

(1) Date of effect
   September 1, 2010

(2) Type of amalgamation
   By absorption method, leaving LTJ as the surviving company

(3) Details of the companies involved in the amalgamation (as of June 1, 2010)

(4) Future Outlook

This amalgamation is expected to cause 3 billion yen of extraordinary losses in the consolidated results for the business year ending August 2010.

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UNIQLO CO., LTD. (Chairman, President and CEO Tadashi Yanai) and Toray Industries, Inc. (President and COO Akihiro Nikkaku), have concluded an agreement for a second five-year plan under the two firms' strategic partnership. This paves the way for continued, mutually beneficial collaboration building upon the shared success of the first five-year plan. Under this agreement, the firms will aspire to dramatically heighten the speed, efficiency and value-added of material development, production and sales, with Toray establishing a stable, long-term supply base to help UNIQLO as it strives to become the world's number one manufacturer-retailer.

UNIQLO, with a global network of 809 stores that includes 135 overseas as of the end of May 2010, strives to "create truly great clothing with new and unique value." The Toray Group, with a corporate philosophy dedicated to "contributing to society through the creation of new value with innovative ideas, technologies and products," has a presence in 21 countries and regions with 229 group-affiliated businesses worldwide, including 102 companies in Japan and 127 overseas as of the end of March 2010. Through the development of competitive products, a stable global production infrastructure and the establishment of a flexible production structure designed to accommodate sales trends, both companies are intent on further evolving this strategic partnership, which was first formed in 2006, to provide products with unprecedented new value to consumers worldwide.

Overview of the second phase of the strategic partnership

The second five-year plan under the strategic partnership of UNIQLO and Toray will hinge on the following activities.

1.	Continuing to create new markets by developing revolutionary new products.
2.	Expanding the scale of global joint projects and creating new, international growth models operated by Japanese industry. UNIQLO will maximize its sale of clothing internationally while Toray, as a major textile manufacturer, will develop and expand its production base and capabilities on a global level.
3.	Striving together to meet a target of 400 billion yen in transactions between the two companies during the strategic partnership's second five-year plan, which will run from 2011 and 2015.

About the first phase of the strategic partnership
UNIQLO CO. LTD. and Toray Industries, Inc. first launched their strategic partnership in March 2006 with a long-term supply agreement. In June 2006, under the first phase of the strategic partnership, the two companies formulated a mid- and long-term policy to guide their work developing and planning new products together. Under this business relationship, the two firms, Toray as a developer and manufacturer of materials and UNIQLO with its SPA (Specialty store retailer of Private-label Apparel) business model, have transcended the traditional borders between their respective businesses to establish a seamlessly integrated system of product development that is unified at all the stages--from material selection through to the final sale--and succeeded in providing apparel and other products that enrich the lives of consumers.

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FAST RETAILING CO., LTD. will establish a new wholly-owned subsidiary in September 2010 in order to launch a social business in the People's Republic of Bangladesh. Details regarding the new company are outlined below.

1. Objective of the subsidiary

To help solve social problems, including those related to poverty, sanitation and education issues, in Bangladesh through the planning, production and sale of clothing.

2. Overview of the subsidiary

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FAST RETAILING CO., LTD. and Grameen Healthcare Trust of the GRAMEEN Bank Group, located in the People's Republic of Bangladesh, have agreed to establish a joint venture through a FAST RETAILING subsidiary (subsidiary to be established in September 2010). Details of the joint venture are outlined below.

1. Objective of joint venture

To help solve social problems, including poverty, sanitation and education issues, in Bangladesh through the planning, production and sale of clothing.

2. Overview of venture

3. Aims of the joint venture

Bangladesh is expected to experience economic growth, with much of it driven by the textile industry, but it's people still face an abundance of social problems, including poverty, sanitation and education. Utilizing our unique SPA (Specialty store retailer of Private label Apparel) know-how, we will plan, produce and sell clothing at a price point that is affordable to people living below the poverty line while still maintaining product quality. This joint venture will also create jobs, thereby improving the lives of the Bangladeshi people.

On the retail front, we will use the GRAMEEN Bank Group's borrower network of 8 million people to help those living in poverty to develop job skills and provide them with opportunities to sell clothes door-to-door. In the first year, we plan to generate work for 250 people and to increase this figure to 1,500 within three years.

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Consolidated results

【Summary】Nine months to May 2010 : Net sales rise 22.7%, operating income up 27.1% 　

FAST RETAILING CO., LTD achieved significant gains in both revenue and profit through the third quarter, the nine months to May 2010. Net sales rose 22.7% year on year to ¥ 659.0bln, operating income rose 27.1% year on year to ¥ 123.4bln and net income increased by 35.2% year on year to ¥ 67.1bln.

UNIQLO Japan did experience a contraction in profit in the third quarter (March-May 2010) as unseasonably cold weather hindered customer traffic and same-store sales fell. While we have revised downward our second half estimates for UNIQLO Japan, we are still predicting the operation will generate increased sales and profit for the full business year through August 2010. We now estimate full-year net sales at UNIQLO Japan will rise 13.0% year on year to ¥ 608.0bln and operating income will rise 17.4% year on year to ¥ 130.0bln. Sales of SILKY DRY and SARAFINE innerwear made from functional materials proved strong during the spring/summer season. Our plan to open 31 large-format stores this business year is on track, and we expect to achieve our aggregate 808-store, including 20 franchise stores and 102 large-format stores, by the end of the business year,

UNIQLO International is enjoying a favorable expansion particularly in the Asian region. UNIQLO brand awareness is also increasing in the US and Europe generating improvements in sales and profit per store. We opened our first store in Russia in April of this year, while the May 15 opening of our fourth global flagship store, the Shanghai West Nanjing Road Store, met with phenomenal success. We estimate UNIQLO International net sales for the full business year through August 2010 will rise 93.2% to ¥ 73.0bln and that operating income will rise 301.2% to ¥ 6.5bln.

Within the Japan Apparel segment, our low-priced fashion operation g.u. continues its strong performance. Our Global Brands segment is producing considerable gains in both revenue and income following the incorporation of the Theory operation onto consolidated accounts from the third quarter 2009.

For the full business year through August 2010, we now estimate consolidated net sales will rise 19.0% year on year to ¥ 815.0bln and consolidated operating income will increase 22.4% year on year to ¥ 133.0bln. This represents a downward revision to our previous estimate announced April 8 of ¥ 19.0bln in net sales and ¥ 7.5bln in operating income. These estimates translate into profit per share of 663.16 yen. We predict an annual dividend per share of 230 yen: a 115 yen as interim dividend and a 115 yen as year-end dividend. This would represent a 70-yen rise in the dividend per share over last year.

■　UNIQLO Japan

UNIQLO Japan, which accounts for 75% of consolidated net sales, generated significant gains in both revenue and income in the nine months to May 2010. Net sales rose 15.0% year on year to ¥ 497.5bln and operating income rose 21.4% year on year to ¥ 117.1bln.

In the three months to May 2010, UNIQLO Japan saw sales rise but profits contract. Net sales for the three-month period rose 0.7% year on year to ¥ 137.3bln but operating income shrank 15.6% year on year to ¥ 23.3bln. The primary cause was unseasonably cold weather in March and April which reduced customer traffic, and led in turn to a 7.9% contraction in same-store sales for the quarter. The persistently cold weather dampened sales of our staple spring/summer cut & sew garments. Conversely, sales of SARAFINE and SILKY DRY innerwear made from functional materials were strong. Although same-store sales fell in the third quarter, we did not conduct any unreasonable discounting and this enabled us to maintain a gross profit margin in line with the previous year's level. UNIQLO Japan inventory stood at ¥ 50.0bln at the end of May, up ¥ 8.4bln year on year. This rise in inventory was due to both the increased number and larger size of UNIQLO Japan stores. Inventory of regular, staple products such as denim and cut & sew garments also increased after net sales fell below our targets in March through April. We have already taken the March-April sales trend into account and are controlling production of fall staple products accordingly.

For the full business year to August 2010, we estimate UNIQLO Japan will generate a 13.0% rise in net sales to ¥ 608.0bln and a 17.4% rise in operating income to ¥ 130.0bln. Taking into account the recent data for same-store sales, we predict a 6.3% contraction in net sales for the six months to August. We have revised downward our previous April estimate for second half net sales by ¥ 16.0bln, and operating income by ¥ 7.5bln. New store openings are proceeding as planned and we estimate total store numbers will reach 808 stores (including 20 franchise and 102 large-format stores) by end August 2010, a year-on-year increase of 38 stores.

■　UNIQLO International

UNIQLO International performance over the nine months to May 2010 shows the segment's strong growth continuing. UNIQLO International generated considerable gains in both revenue and income with net sales roughly doubling to ¥ 58.6bln and operating income increasing 3.5 times year on year to ¥ 6.5bln.

We opened our fourth global flagship store, the Shanghai West Nanjing Road Store, in May. The success of the Shanghai global flagship store helped secure further double-digit gains for same-store sales in China and Hong Kong. Our operations in South Korea continue favorably with business developing as planned. We opened our first store in Russia in April. Sales continue to be solid at our New York global flagship store. Our UK and French operations continue to enjoy rising sales and both operations are performing to target.

For the full business year through August 2010, we estimate net sales at UNIQLO International will rise 93.2% year on year to ¥ 73.0bln and operating income will rise 301.2% to ¥ 6.5bln. We have however revised our April estimate downward marginally in light of recent factors such as the generation of new rent obligations in the second half for the property on Fifth Avenue New York leased in May, and also the impact of exchange rate volatility.

■　Japan Apparel

Our Japan Apparel segment performed to plan in the nine months to May 2010. Net sales shrank 7.8% year on year to ¥ 35.8bln and the segment posted an operating loss of ¥ 0.5bln. Our low-price clothing brand g.u. performed to target. New g.u. store openings are also proceeding in line with our full-year plan with the first large-format g.u. store, g.u. Kawasaki Dice Store, opened in April. Our footwear operation was merged with UNIQLO CO., LTD. on April 1 this year. We plan to use UNIQLO's business foundation to heighten the efficiency of and transform the UNIQLO SHOES operation into a specialty retailer of private label footwear. Same-store sales at our women's fashion developer CABIN continue to fall below previous year levels. However, this result was expected. Our full-year business forecasts for the Japan Apparel segment remain unchanged. We predict full-year net sales will shrink 8.8% to ¥ 47.0bln and we estimate an operating loss of ¥ 0.7bln.

■　Global Brands

Our Global Brands segment generated significant gains in both revenue and income in the nine months to May 2010. Net sales rose 86.6% year on year to ¥ 66.3bln, and operating income rose 108.2% year on year to ¥ 6.6bln. This was due to the new incorporation of the Theory operation from the third quarter 2009, and Theory's subsequent strong performance.

Same-store sales expanded strongly and profitability improved at the US Theory operation. Same-store sales have also continued to expand at Theory Japan. The additional benefit of a stronger yen in the form of reduced procurement costs also helped boost profitability considerably at Theory Japan. Same-store sales continue to expand at our France-based fashion brand COMPTOIR DES COTONNIERS with business performing as planned in local currency terms. Our French lingerie brand PRINCESSE TAM.TAM is also performing to plan in local currency terms. We continue to seek further gains in management efficiency by reducing the scale of its wholesale business.

We have made some revisions to our full-year estimates for the Global Brands segment to reflect factors such as the stronger-than-expected operating income figures generated by our Theory operations, and the recent impact of foreign exchange volatility. We now estimate full-year net sales will rise 51.1% year on year to ¥ 84.0bln and operating income will rise 77.3% to ¥ 6.5bln.

■　Revisions to consolidated business estimates for the full year to August 2010

We estimate that consolidated net sales for the full year through August 2010 will rise 19.0% year on year to ¥ 815.0bln, operating income will rise 22.4% year on year to ¥ 133.0bln, and ordinary income will rise 25.4% year on year to ¥ 127.0bln. Compared to our April 8 estimate, this represents a downward revision of ¥ 19.0bln for net sales and ¥ 7.5bln for operating income. Our current estimates would generate profit per share of 663.16 yen. We predict an annual dividend per share of 230 yen: a 115 yen as interim dividend and a 115 yen as year-end dividend. This would represent a 70-yen rise in the dividend per share over the previous year.

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UNIQLO CO., LTD.
to Japanese

UNIQLO has worked with Special Olympics Japan since 2002. As an official partner we have supported this cause in a number of ways, such as donating uniforms for the Special Olympics World Games in Japan and other countries, and encouraging our employees to volunteer their time.    

We are planning to launch the "UT x Special Olympics Charity Project" in order to raise awareness about the Special Olympics. With this project, operating under the theme of "Be a fan - courage, challenge and fellowship," we will offer T-shirts with messages from famous athletes who support the Special Olympics. All proceeds from the sale of these T-shirts will be donated to Special Olympics Japan or used to fund related activities.

Supporting Activities for Special Olympics Japan

UNIQLO supports Special Olympics Japan and has been involved in a range of supporting activities since 2002. We will continue to help Special Olympics Japan as an official partner.

Charity T-shirts will be on sale. All proceeds will be donated or used to support a range of activities

UNIQLO is launching the "UT × Special Olympics Charity Project" to raise awareness about the Special Olympics. With this project, UNIQLO will sell charity T-shirts designed in collaboration with famous sports figures. All of the proceeds will be donated or used to support Special Olympics Japan programs. In no particular order, the main contributors include Yuko Arimori, Kousei Inoue, Taeko Utsugi, Shingo Kunieda, Mikako Kotani, Ai Sugiyama, Hidetoshi Nakata and Yasuhiro Yamashita. We have made charity T-shirts with messages from these sports stars based on the theme of "Be a fan - courage, challenge and fellowship."

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FAST RETAILING and DNP Clothing Sdn Bhd, Malaysia's leading retailer, have established a joint venture in Malaysia. Details regarding this venture are outlined below:

1. Objective of joint venture

This venture is established for the purpose of expanding UNIQLO business operations in Malaysia.

2. Overview of venture (the following is subject to change)

3. Overview of DNP Clothing Sdn Bhd

4. Impact on business performance

This development's impact, if any, on FAST RETAILING's consolidated and nonconsolidated results for the year to August 2010, is expected to be minimal.

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UNIQLO will open its Uni-President Hankyu Department Taipei store, its first in Taiwan, this fall in the Xin-yi area, one of Taiwan's most prominent shopping areas. Marking the much-awaited arrival of UNIQLO in Taiwan, this store will have approximately 1,450 square meters of sales floor area and will offer a broad selection of products befitting a large-scale store.

The UNIQLO Uni-President Hankyu Department Taipei Store will serve as a springboard to bring Japan's leading brand, UNIQLO, to customers in Taiwan and to take the lead in another global marketplace.

Much-anticipated UNIQLO Uni-President Hankyu Taipei Store to open in Taiwan this fall.

UNIQLO recently finalized an agreement with Uni-President Enterprises Corporation(UPEC), one of Taiwan's leading corporate groups, to launch UNIQLO's first store in Taiwan in the Uni-President Hankyu Department Store, which is scheduled to open in Taipei this fall. The new UNIQLO Store will occupy the first basement level of this new commercial establishment. The UNIQLO Uni-President Hankyu Department Taipei Store will be a large-format store with approximately 1,450 square meters of sales floor space. UNIQLO aspires to provide exceptional service and high-quality products to patrons of the inaugural Taiwan store as the company strives to further establish UNIQLO as a global brand loved by the people of Taiwan as well as around the world.

UNIQLO's global expansion has accelerated since the opening of the brand's first overseas store in London in 2001. The launch of the UNIQLO Uni-President Hankyu Department Taipei store will also serve to quicken the pace of growth of the UNIQLO network of stores, which at the end of February 2010 had expanded to a total of approximately 916 stores, with 125 of these stores located overseas.

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UNIQLO CO., LTD.
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UNIQLO conducts a recycling initiative to collect used but still wearable clothing from it's customers and donates the clothing to refugee camps around the world with the support of the UNHCR (United Nations High Commissioner for Refugees). To deepen the worldwide understanding of issues faced by refugees, UNIQLO has been operating the "UTxUNHCR Charity T-shirt Project" since 2009.

For this year's project, special T-shirts were designed with messages inspired by the key words: future, freedom and dream. Seven people were selected to contribute messages of peace, including celebrities from various industries, students, and UNHCR supporters. Just as they were last year, all proceeds from the sale of the items will be donated to UNHCR and refugee assistance programs.

UNIQLO's All-Product Recycling Initiative

Since September of 2006, UNIQLO has been conducting the All-Product Recycling Initiative, a program that collects any used UNIQLO clothing that customers no longer need (the program has been operating year-round since March 2010). Collected items are not just recycled as energy resources or fibers; the items are distributed (for reuse) to refugees and displaced people around the world as relief clothing with the cooperation of international organizations, NPOs and NGOs. The need for clothing does not seem very urgent compared to the need for food and medical supplies, and clothing is continuously in short supply at refugee camps. Through partnering with United Nations refugee support organization UNHCR (United Nations High Commissioner for Refugees), UNIQLO has distributed over 2,050,000 pieces of clothing to refugee camps in 12 countries (as of the end of 2009).

UNQILO is selling charity T-shirts through our collaboration with UNHCR, and all profits from sales will be donated and allocated to support refugees

UNIQLO and UNHCR started the "UTxUNHCR Charity T-shirt Project" in 2009. We are continuing the project into this year with the aim of realizing support of refugees in the mid and long-term, and permanently solving some of the problems faced by refugees and displaced people.

The project consists of selling charity T-shirts produced in collaboration with people from all walks of life including students, UNHCR supporters, and celebrities from various industries. All proceeds from the sale of the items are then donated to UNHCR and refugee assistance programs. Supporters of this project, including Naoki Ishikawa, Kazumasa Oda, Ikuko Kawai, Jessica Michibata, Eto Mori, all members of Tadaaki Wakamatsu and J-FUN Youth (student supporters of UNHCR activities) all contributed messages of building a peaceful society and pointing the world in a better direction. Based on the keywords future, freedom, and dream, the "Mirai e no Tenbou: VISION FOR THE FUTURE" of each member is spelled out in these charity T-shirts.
*UT： UNIQLO T-shirt

UNIQLO'S wish - to increase awareness of refugee issues through these T-shirts

To return the more than 30 million refugees and displaced people worldwide to a peaceful life, UNIQLO thinks it is necessary to make the greatest number of people possible aware of the issues they face. Changing the awareness one person at a time will become the driving force that changes the world. It is the wish of UNIQLO that these T-shirts and their messages will be the first step toward the permanent resolution of the problems faced by refugees. 

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