Last Updated: 2026.08.26
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In keeping with our corporate statement, Changing clothes. Changing conventional wisdom. Change the world, Fast Retailing seeks to accelerate the expansion of its global business operations. We also recognize that the further our global business develops, the greater the need for an appropriate global approach to tax affairs.
Whether it be tax framework revisions in the markets in which we operate, or tax practices relating to cross-border business or new market entry, Fast Retailing senior management leads the drive for a Global One, Zen-in Keiei approach to tax affairs. In other words, we encourage not only members of our tax team, but each and every one of our employees to strive to ensure full legal compliance through the appropriate management of tax affairs in all markets in which we operate.
Our approach to tax management involves paying taxes that are based on fair and equitable reasoning and actual business conditions, and comply with local tax law in each country and area in which we operate, applicable international tax laws and OECD Transfer Pricing Guidelines. We also believe that the payment of appropriate taxes plays an important role in supporting the economic and social development of each of these countries and areas. For these reasons, Fast Retailing strives to ensure legal compliance at all times by establishing and operating appropriate frameworks and functions for accounting and tax affairs , and proactively seeking relevant insights from external advisors and regulatory bodies to support its tax risk management framework.
Fast Retailing's fundamental tax practice is built on the following commitments:
Legal compliance
Fast Retailing's tax framework is designed to ensure timely and accurate tax filings, and payments, in compliance with local and international tax laws and OECD Transfer Pricing Guidelines. We recognize that the level of Fast Retailing Group tax management increases in complexity as our global operations expand, so we seek to minimize tax-related risk by thoroughly investigating all potential requirements in advance in consultation with specialist tax advisors. Fast Retailing ensures all transactions are driven by commercial substance and does not participate in artificial or contrived tax avoidance schemes or transactions.
Europe Public Country by Country Reporting
Transparency
Fast Retailing understands that global interest in the transparency of multinational corporations' tax management is growing, and so we strive to ensure transparency by disclosing and adhering to our fundamental stance on tax practices.
Appropriate organization of tax function
The Fast Retailing Group Chief Financial Officer (CFO) is responsible for tax management. We have a global tax team staffed by extremely knowledgeable members who work to ensure appropriate tax management on a daily basis. The global tax team works closely with local tax personnels in all markets in which we operate to ensure a speedy response to all tax-related issues that arise at individual Group companies. Significant tax-related matters are reported to the Fast Retailing Group Chief Executive Officer and CFO, supported by established processes and systems in place to facilitate timely resolution. In addition, tax-related issues that arise in each business segment are reported as part of relevant Board meetings as required. Regular tax reports are submitted to the Audit and Supervisory Board Members and the Audit and Supervisory Board. The Group's Tax Policy is also reviewed by the full-time Audit and Supervisory Board Members every few years. We strive to constantly uphold and improve tax-related corporate governance through this kind of practice.
Educational activities
Our tax team members participate regularly in external seminars and other educational opportunities to ensure we always have access to full, up-to-date information. While we seek technical support from large tax accounting and law firms with regards to tax issues requiring highly specialist knowledge and experience, we are committed to nurturing a growing in-house tax team by amassing and utilising our own tax-related expertise. We also hold internal training to share necessary tax-related information with all Fast Retailing employees.
Appropriate communication with tax authorities
Fast Retailing strives to ensure open and pertinent communication with tax authorities in all counties and areas in which we operate. We work hard to build appropriate communication channels with each individual tax authority to avoid any discrepancy of opinion regarding the processing or interpretation of tax affairs, and resolve any issues that may arise.
Published December 1, 2018
