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Last Updated: 2023.11.06

Announcement and Notices - [Overseas Regulatory Announcement-Board/Supervisory Board Resolutions / Dividend or Distribution]

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)

ANNOUNCEMENT OF FINAL DIVIDEND
FOR YEAR ENDED 31 AUGUST 2023

Reference is made to the announcement of Fast Retailing Co., Ltd. (the "Company") dated 4 August 2023 in relation to the proposed record date of payment of final dividend.

Based on the information provided by the depositary of Hong Kong Depositary Receipts ("HDRs"), the Company is pleased to announce that:

The Company is pleased to announce that the Board of Directors today approved the payment of the final dividend for the year ended 31 August 2023 to its shareholders amounting to JPY 165 per common share (JPY 1.65 per Hong Kong Depositary Receipt).

The payment will be made from 10 November 2023 onwards. Holders of Hong Kong Depositary Receipts ("HDRs") will receive the payment through JP Morgan Chase Bank, N.A., the depositary for the HDRs, on 21 November 2023. A withholding income tax will be levied on the amount distributed as interest on capital, in accordance with Japan's tax code.

The record date for the holders of HDRs traded on The Stock Exchange of Hong Kong Limited was Thursday, 31 August 2023.

Based on the Japanese Yen / Hong Kong dollar exchange rate of 0.052 as of 6 November 2023, the estimated Hong Kong dollar amount of the proposed final dividend is approximately HK$ 0.0863 per HDR. The final amount of the dividend in Hong Kong dollars will be determined on 13 November 2023. Where applicable, fees, charges and / or taxes may be deducted by the HDR Depositary from the dividends payable to holders of HDRs, details of which will be announced in due course and are expected to include:

(1) a withholding income tax of 15.315%*; and
(2) an estimated dividend fee of HK$ 0.017,

resulting in an estimated net final dividend of HK$ 0.0561 per HDR.

* The current withholding income tax rate on dividends for Japanese listed equities is 15.315%.

By order of the Board
Fast Retailing Co., Ltd.
Shea Yee Man
Company Secretary

Japan, 6 November 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.

 

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