Last Updated: 2009.05.21
Absorption of two subsidiaries (simplified, short-form amalgamation)
FAST RETAILING CO., LTD.
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At its executive board meeting held on May 21, 2009, FAST RETAILING CO., LTD. determined to absorb by amalgamation two fully owned subsidiaries GLOBAL RETAILING CO., LTD. and GLOBAL INVESTMENT CO., LTD. The details of the said decision are laid out below.
Please note that, given that the objects of the absorption are both fully owned subsidiaries of FAST RETAILING CO., LTD., some of the content and details for disclosure have been abbreviated.
1. Aim of the consolidation
GLOBAL RETAILING CO., LTD. and GLOBAL INVESTMENT CO., LTD. are both fully owned subsidiaries of FAST RETAILING CO. LTD. involved mainly in the sale of clothing goods through shareholdings in affiliated companies.
FAST RETAILING CO., LTD. has decided to amalgamate GLOBAL RETAILING CO., LTD. and GLOBAL INVESTMENT CO., LTD. by absorption with the aim of boosting the management and administrative efficiency of the FAST RETAILING group.
2. Details of the consolidation
3. Details of companies involved in the consolidation（As of end august 2008)
4. Situation after consolidation
5. Future outlook
The impact of the said consolidation on FAST RETAILING business performance is expected to be minimal and consequently no changes will be made to our currently published business estimates.
