Last Updated: 2024.07.11
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, 2024" 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 11, 2024
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 11, 2024
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, 2024
At the executive board meeting of the Company held on July 11, 2024, the Company decided to revise its dividend per share estimate for the year ending August 31, 2024. 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, 2024, the Company has revised its year-end dividend per share estimate from 175.00 yen to 225.00 yen. Consequently, the estimated total dividend per share has been revised from 350.00 yen to 400.00 yen.
2.Dividend revision
*Our common stock has been split on a 3-to-1 basis, effective from March 1, 2023. The year-end dividend per share for the fiscal year ended 31 August 2023 is listed in the amount that takes the stock split into consideration, and the total dividend per share is listed as "―". Assuming that the stock split was conducted at the beginning of the previous fiscal year, the dividend per share at the end of the second quarter of the fiscal year ended August 31, 2023 would be 125.00 yen and the total dividend would be 290.00 yen.
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