Last Updated: 2006.08.02
FAST RETAILING to increase capital at its South Korean subsidiary
( 9KB )
FAST RETAILING CO., LTD.
FAST RETAILING has decided to conduct a capital injection into its South Korean subsidiary FRL Korea Co., Ltd. The details of the said injection are laid out below.
1. Reason for capital injection
To strengthen UNIQLO operations in the Republic of Korea through additional store openings, etc.
2. Details of capital injection
(1) Capital injection total 6 billion Korean won
(2) No of outstanding shares 1,200,000 ordinary shares
(3) No of shares post capital increase 2,400,000 ordinary shares
(4) Date of completion September 2006 (tentative)
3. Outline of FRL Korea Co., Ltd.
(1) Business name FRL Korea Co., Ltd.
(2) Business location In the environs of Seoul, Republic of Korea
(3) Business representative
Joint Representative Director/President Sung-Soo Ahn
Joint Representative Director/Vice President Satoshi Hatase
(4) Business aim The sale and promotion of UNIQLO brand casual clothes in
the Republic of Korea
(5) Date of establishment December 16, 2004
(6) Capital Before capital injection: 6 bln Korean won (approx. ¥0.7bln)
After capital injection: 12 bln Korean won (approx. ¥1.4bln)
※Calculated using exchange rate of 1 Korean won = ¥0.1205
(7) Shareholdings FAST RETAILING CO., LTD. 51.0%
Lotte Shopping Co., Ltd. 49.0%
（This capital injection will not change the holdings ratio)
4. Expected impact on FR consolidated results
This capital injection will not affect FR consolidated results for the year to August 31, 2006.