Last Updated: 2010.02.18
Taiwan subsidiary to be established
FAST RETAILING CO., LTD. ( 9KB )
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FAST RETAILING CO., LTD. has decided to establish a subsidiary company in Taiwan, the details of which are set out below:
1.Reason for establishing a Taiwan subsidiary
FAST RETAILING has decided to fully fund the establishment of a subsidiary in Taiwan with the aim of developing a UNIQLO operation in Taiwan.
2.Taiwan subsidiary (tentative details below)
(1) | Business name | UNIQLO TAIWAN LIMITED |
(2) | Location | Taipei, Taiwan |
(3) | Representative | Naoki Otoma |
(4) | Establishment | March 2010 |
(5) | Operations | The opening and operation of UNIQLO stores in Taiwan |
(6) | Paid-in capital | 150 million Taiwan dollars |
3.Operation start date
Once the subsidiary is established, we plan to open our first store in Taipei City roughly Autumn 2010.
4.Impact on business performance
We expect any impact of this decision on FAST RETAILING’s consolidated results for the year to August 2010 to be minimal.