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Last Updated: 2010.02.18

(Theory operation, etc) FR group reorganization

FAST RETAILING CO., LTD.
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FAST RETAILING CO., LTD. has decided to conduct a reorganization of group companies involving mainly its fully owned subsidiary LINK THEORY HOLDINGS CO., LTD. and LINK’s own subsidiary firms.

1.Aim of group reorganization

FAST RETAILING CO., LTD. conducted a tender offer to make LINK THEORY HOLDINGS CO., LTD. (LTH) a fully owned subsidiary in July 2009. Now, in line with our unified GLOBAL ONE management system, we plan to reorganize LINK related group operations in the US and Japan. The ultimate aim of the GLOBAL ONE system is for each group operation to be administered and managed by region in order to generate greater synergy benefits and boost management efficiency.

2.Group reorganization in the US

The FR group’s operations in the US will be reorganized as follows:

(1) The operator of UNIQLO in the US, UNIQLO USA, Inc. (UQUSA) will change its name to FAST RETAILING USA, Inc. (FRUSA), becoming the group’s operational holding company in the US.
(2) The companies that manage the theory brand in the US plus the UNIQLO Design Studio, New York, Inc. (DSNY), that designs UNIQLO brand products in the US, will become fully owned subsidiaries of FRUSA.
(3) The current operator of the theory brand in the US, Link Theory Holdings (US) Inc. (LTHUS) will transfer the US theory operation to FRUSA prior to its swift dissolution.

3.Business name change in the US and tentative effect date

(1) Current business name UNIQLO USA, Inc.
(2) New business name FAST RETAILING USA, Inc.
(3) Business representative Tadashi Yanai
(4) Date of name change March 1, 2010
(5) Operation The management of existing and opening of new UNIQLO stores in the US. The control and administration of theory brand operators through equity holdings.
(6) Shareholders FAST RETAILING CO., LTD. 100%

4.Subsidiary for transfer

(1) Subsidiary transfer Theory LLC and 45 other companies
(2) Operation The management of existing and opening of new theory and Helmut Lang brands in the US.
(3) Current shareholders LTHUS 100%
(4) Shareholders post transfer FRUSA 100%
5.Subsidiary for transfer
(1) Subsidiary transfer UNIQLO Design Studio, New York, Inc.
(2) Operation The design of UNIQLO products for the US market
(3) Current shareholders FAST RETAILING CO., LTD. 100%
(4) Shareholders post transfer FRUSA 100%

6.Subsidiaries to be dissolved

(1) Business name Link Theory Holdings (US) Inc.
(2) Location New York, New York
(3) Business representative Ricky C. Sasaki
(4) Main operation The control and administration of theory brand operators through share stakes or equity holdings.
(5) Shareholders LINK THEORY HOLDINGS CO., LTD. 100%

7.Related reorganization in Japan

In order to achieve more efficient management, we have decided to merge the three companies involved in the theory operation in Japan, LINK THEORY HOLDINGS CO., LTD. (LTH), LINK INTERNATIONAL CO., LTD. (LIC) and LINK SALES CORPORATION (LSC), with LINK INTERNATIONAL CO., LTD (LIC) as the surviving amalgamated company. To mark this merger, LIC will change its business name to LINK THEORY JAPAN CO., LTD.

8.Overview of companies for merger(at August 31, 2009)

20100218

9.Business name changes in Japan and tentative effect dates

(1) Current business name LINK INTERNATIONAL CO., LTD.
(2) New business name LINK THEORY JAPAN CO., LTD.
(3) Business representative Ricky C. Sasaki
(4) Business name change date June 1, 2010
(5) Operation Management & administration of theory operation in Japan
(6) Shareholders FAST RETAILING CO., LTD. 100%

10.Future outlook

We envisage any impact from this corporate reorganization on our consolidated performance will be minimal and therefore we have made no changes to our current business estimates.

 

Reference: Chart of related group companies before and after reorganization

20100218_theory_02.jpg

 

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