Last Updated: 2013.08.05

Fast Retailing Establishes J Brand Japan Co., Ltd. To Create and Develop the J Brand Business in Japan

Fast Retailing Co., Ltd. today announces plans to establish J Brand Japan Co., Ltd., a new subsidiary company to create and develop the J Brand business in Japan.

Details of the new subsidiary company are as follows:

1. Objective of the new subsidiary:

The new subsidiary company, J Brand Japan Co., Ltd, which is fully-owned by Fast Retailing Co., Ltd., will be tasked with creating the J Brand operations in Japan. In December 2012 Fast Retailing Co., Ltd. acquired majority control of J Brand Holdings, LLC (hereinafter "J Brand"). With its global headquarters in Los Angeles, California, J Brand is a leading contemporary fashion company with significant experience in women's and men's apparel, particularly in the premium denim category.

2. Outline for the subsidiary:

Company name : J Brand Japan Co., Ltd.
Representative : Makoto Hata, Fast Retailing Group Senior Vice President
Paid-in capital : 10 million yen
Shareholder composition : Fast Retailing Co. Ltd. 100%
Operation : Direct sales, through the opening and managing of J Brand stores, as well as sales and distribution of products through select retailers
Establishment date : September, 2013 (Planned)
Initial timeframe for commencing J Brand operations in Japan : Fall, 2013 (Planned)

3. Forecast:

The establishment of J Brand Japan Co., Ltd. will not have any impact on the quarterly or full year financial results for the fiscal year ending August 2013. The establishment of J Brand Japan Co., Ltd. is expected to have minimal impact on the quarterly and full year financial results for the fiscal year ending August 2014.

distributed by