Last Updated: 2023.07.13
Overseas Regulatory Announcement - [Company's Revision to its Dividend Estimate for the Year Ending August 31, 2023]
FAST RETAILING CO., LTD.
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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
FAST RETAILING CO., LTD.
迅銷有限公司
(Incorporated in Japan with limited liability)
(Stock code: 6288)
OVERSEAS REGULATORY ANNOUNCEMENT
This overseas regulatory announcement is made by Fast Retailing Co., Ltd. (the "Company") pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
Please refer to the attached notice related to "The Company's Revision to its Dividend Estimate for the Year Ending August 31, 2023" issued on the website of the Tokyo Stock Exchange today.
By order of the Board
Fast Retailing Co., Ltd.
Shea Yee Man
Company Secretary
Japan, July 13, 2023
As at the date of this announcement, the Executive Directors are Tadashi Yanai, Takeshi Okazaki, Kazumi Yanai and Koji Yanai and our independent non-executive directors are Nobumichi Hattori, Masaaki Shintaku, Naotake Ono, Kathy Mitsuko Koll (aka Kathy Matsui), Joji Kurumado and Yutaka Kyoya.
July 13, 2023
FAST RETAILING CO., LTD.
(Tokyo: 9983 / Hong Kong: 6288)
Notice of FAST RETAILING CO., LTD. (the "Company") regarding
the Company's Revision to its Dividend Estimate for the Year Ending August 31, 2023
At the executive board meeting of the Company held on July 13, 2023, the Company decided to revise its dividend per share estimate for the year ending August 31, 2023. The decision is detailed below.
1. Reasons for the dividend forecast revision
Based on the recent upward revisions in consolidated business estimates for the year ending August 31, 2023, the Company has revised its year-end dividend per share estimate from 125.00 yen to 155.00 yen. Consequently, the estimated total dividend per share has been revised from 250.00 yen to 280.00 yen.
2. Dividend revision
*The Company conducted a three-for-one stock split for each common share effective from March 1, 2023. The dividend per share figures displayed above reflect that stock split.
Given the fact that the record date for the stock split was February 28, 2023, we paid an interim dividend per share of 375.00 yen based on the number of issued shares prior to the stock split.
