Last Updated: 2023.04.13
Announcement of Interim Dividend for the Six Months Ended February 28, 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)
ANNOUNCEMENT OF INTERIM DIVIDEND
FOR THE SIX MONTHS ENDED FEBRUARY 28, 2023
Reference is made to the announcement of Fast Retailing Co., Ltd. (the "Company") dated February 9, 2023 in relation to the proposed record date of payment of interim dividend.
The Company is pleased to announce that the board of directors of the Company today approved the payment of the interim dividend for the six months ended February 28, 2023 to its shareholders amounting to JPY 125 per common share (JPY 1.25 per Hong Kong Depositary Receipt ("HDR")).
The payment will be made from May 12, 2023 onwards. Holders of HDRs will receive the payment through JP Morgan Chase Bank, N.A., the depositary for the HDRs, on May 22, 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 Tuesday, February 28, 2023.
Based on the Japanese Yen / Hong Kong dollars exchange rate of 0.059 as of April 13, 2023, the estimated Hong Kong dollar amount of the proposed interim dividend is approximately HK$ 0.0738 per HDR. The final amount of the interim dividend in Hong Kong dollars will be determined on May 12, 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$ 0.014,
resulting in an estimated net interim dividend of HK$ 0.0485 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, April 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.
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