Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Fast Retailing Co., Ltd.    9983   JP3802300008

FAST RETAILING CO., LTD.

(9983)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Fast Retailing : Amendment of Fast Retailing Articles of Incorporation

share with twitter share with LinkedIn share with facebook
share via e-mail
12/02/2019 | 03:23am EST

Last Updated: 2019.12.02

FAST RETAILING CO., LTD.
(261KB)

to Chinese page
to Japanese page

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 'Amendment of Articles of Incorporation' of the Company 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, 2 December 2019

As at the date of this announcement, our executive director is Tadashi Yanai, our non-executive directors are Takeshi Okazaki, Kazumi Yanai and Koji Yanai and our independent non-executive directors are Toru Hambayashi, Nobumichi Hattori, Masaaki Shintaku, Takashi Nawa and Naotake Ono.

December 2, 2019
FAST RETAILING CO., LTD
(Tokyo: 9983 / Hong Kong: 6288)

Amendment of Fast Retailing Articles of Incorporation

At its regular meeting held on October 10, 2019, the Board of Directors of Fast Retailing Co., Ltd. decided to submit a proposal to the Annual General Meeting of Shareholders to be held on November 28, 2019. The proposal, entitled Amendment of Company Articles of Incorporation, is detailed below.

1. Reason for proposed amendment
It is deemed necessary to increase the maximum permissible number of statutory auditor appointments in order to further strengthen and successfully enhance its auditing framework in the face of changing business environments and the ongoing global expansion of operations.

2. Content of proposed amendment
The concrete proposed change is detailed below:

(The text of the proposed amendment is underlined)

Current articles of incorporation Proposed change
(Number of Statutory Auditors)
Article 30: The Company shall appoint no less than three (3) and no more than five (5) Statutory Auditors. 
(Number of Statutory Auditors)
Article 30: The Company shall appoint no less than three (3) and no more than seven (7) Statutory Auditors.

3. Schedule for amendment
Scheduled Annual General Meeting of Shareholders to approve the amendment to Articles of Incorporation: Thursday November 28, 2019
Scheduled date on which amendment to Articles of Incorporation would come into effect:
Thursday November 28, 2019

Top of page

Disclaimer

Fast Retailing Co. Ltd. published this content on 02 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 December 2019 08:22:09 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on FAST RETAILING CO., LTD.
02/13SoftBank profit wiped out by Vision Fund losses, second fund scaled back
RE
02/12SoftBank profit wiped out by Vision Fund losses, second fund scaled back
RE
02/09FAST RETAILING : Announcements and Notices -
PU
02/09FAST RETAILING : Proposed record date in connection with the payment of interim ..
PU
02/07Activist Builds Stake in Japan's SoftBank -- WSJ
DJ
02/06FAST RETAILING : Uniqlo shuts around half of its China stores due to coronavirus
RE
02/04Companies feel impact of coronavirus outbreak in China
RE
02/04FAST RETAILING : UNIQLO Monthly Sales Information of Japan (January 2019)
PU
01/29Apple, Starbucks warn of hit from virus; firms restrict travel, airlines canc..
RE
01/29Many global firms, excluded from epidemic insurance, face heavy coronavirus c..
RE
More news
Financials (JPY)
Sales 2020 2 307 B
EBIT 2020 240 B
Net income 2020 167 B
Finance 2020 572 B
Yield 2020 0,89%
P/E ratio 2020 36,1x
P/E ratio 2021 30,1x
EV / Sales2020 2,36x
EV / Sales2021 2,09x
Capitalization 6 008 B
Chart FAST RETAILING CO., LTD.
Duration : Period :
Fast Retailing Co., Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FAST RETAILING CO., LTD.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Average target price 65 012,50  JPY
Last Close Price 58 860,00  JPY
Spread / Highest target 29,1%
Spread / Average Target 10,5%
Spread / Lowest Target -15,1%
EPS Revisions
Managers
NameTitle
Tadashi Yanai Chairman, President & Group CEO
Takeshi Okazaki CFO, Director & Group Senior Executive Officer
Masaaki Shintaku Independent Outside Director
Toru Hambayashi Independent Outside Director
Nobumichi Hattori Independent Outside Director
Sector and Competitors
1st jan.Capitalization (M$)
FAST RETAILING CO., LTD.0.10%53 787
INDUSTRIA DE DISEÑO TEXTIL, S.A.0.45%106 874
KERING-4.03%76 266
ROSS STORES6.35%44 229
HENNES & MAURITZ7.05%34 767
ZALANDO4.74%12 783