Last Updated: 2012.09.18
Fast Retailing To Establish a Subsidiary in Australia
FAST RETAILING CO., LTD.
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Fast Retailing Co., Ltd. today announces that it has decided to establish a subsidiary company in Australia, the details of which are as follows.
1. Objective of the new subsidiary:
The subsidiary, fully-owned by Fast Retailing Co., Ltd., will be tasked with creating and developing UNIQLO operations in Australia.
2. Tentative outline for the Australian subsidiary:
| (1) Business name: | UNIQLO AUSTRALIA PTY LTD |
| (2) Location: | Melbourne, Australia |
| (3) Representatives: | Shoichi Miyasaka (Mr.) |
| (4) To be established: | December 2012 |
| (5) Operations: | The opening and managing of UNIQLO stores in Australia |
| (6) Paid-in capital: | 1 Australian dollar |
3. Initial timeframe for commencing UNIQLO operations in Australia:
Following the successful establishment of the new subsidiary, the company aims to open the first UNIQLO store in Australia by the end of August 2014.
4. Impact of subsidiary establishment on group performance:
The impact of establishing the Australian subsidiary on Fast Retailing's consolidated and non-consolidated performance for the year ending August 2013 is expected to be minimal.
