Fast Retailing Way

Corporate Philosophy, that which is the spirit of any company,
Comes before all else.
The FR Way is our point of departure and point of arrival.
It is our ideal and reality.

1Fast Retailing Way (FR Group Corporate Philosophy)

Corporate Statement

Changing clothes. Changing conventional wisdom. Change the world.

The Fast Retailing Group Mission■To create truly great clothing with new and unique value, and to enablepeople all over the world to experience the joy, happiness and satisfactionof wearing such great clothes■To enrich people’s lives through our unique corporate activities, and toseek to grow and develop our company in unity with society

Our Values■Approaching issues from the customer perspective■Embracing innovation & challenge■ Respecting and supporting individuals to foster both corporate andpersonal growth■Committing to ethical standards and correctness
Our Principles
Inspired by The Fast Retailing Group Mission and Our Values, we will:■Do everything possible for our customers■Pursue excellence and aim for the highest possible level of achievement■Achieve strong results through the promotion of diversity and teamwork■Move speedily and decisively in everything we do■Conduct business in a very real way based on the current marketplace,products and facts■Act as global citizens with ethics and integrity

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The Fast Retailing Group Mission■To create truly great clothing with new and unique value, and to enablepeople all over the world to experience the joy, happiness and satisfactionof wearing such great clothes■To enrich people’s lives through our unique corporate activities, and toseek to grow and develop our company in unity with society

To create truly great clothing with a unique and fresh value, and to enable
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satisfaction of wearing good clothes■ To enrich people’s lives through our own unique corporate activities, and■ Truly
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toGreatseek togrow and develop our company in harmony with society.
Everyone wants to wear great clothing. However, while it is easy to say the term “great clothing”,
what constitutes great clothing differs from customer to customer. It is therefore a very broad anddiverse concept. There are also undoubtedly customers who are not aware of what specificallyconstitutes great clothing for them personally. Given this reality, defining and creating great clothing
is no simple task.

For this very reason, the Fast Retailing Group has made it our corporate mission to create “truly greatclothing” that anyone would want to wear.

Throughout our corporate history, Fast Retailing has relentlessly strived to create truly great clothing.
And throughout our corporate history, we have demonstrated that people from all walks of life desire
truly great clothing regardless of differences in lifestyle. Over the years, we have witnessed time andtime again how truly great clothing is loved ardently by a great number of people. By uniting themthrough a common trend or idea, truly great clothing can help bring people around the world closer,transcending national borders and differences in ethnic groups or culture.

Inspired by our mission, we, at Fast Retailing, are constantly pursuing the ultimate in great clothing,paying keen attention to customer desires at any one given time.

To continue to tap the strengths ofindividual companies and the group as a whole in our endeavor to create truly great clothing, weunite together companies that possess the power to help us further grow our clothing-related
corporate group.

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■ Clothing with new and unique value
What constitutes truly great clothing? The truly great clothes that people really love are not thecombination of past tastes and desires mixed in with today’s sensibilities. Rather, truly great clothing
must be “clothing offering new and unique value” and that value should be completely separate fromthe value offered by previous clothing. It is because these clothes transcend customers’ preexisting
concepts and propose new and unique value that they can inspire a great number of people andsecure passionate and loyal customer support.

Fast Retailing continues to strive to develop truly great clothing with new and unique value. Our
entire organization is committed to pioneering exciting new possibilities in clothing.

■ Experience the joy, happiness and satisfaction of wearing such great clothes
Through the creation of truly great clothing, we offer everyone the opportunity to experience the joy,happiness and satisfaction of wearing great clothing. We also strive to further enrich the joy ofwearing clothes through the provision of clothing-related accessories.

Fast Retailing strives to enhance people’s lives and daily living through the power of clothes.

■ Enrich people’s lives through our unique corporate activities
In order to continue to provide truly great clothing, Fast Retailing conducts its corporate activities
based on the specialized business concept of the “information-driven SPA” (SPA: Specialty store
retailer of Private label Apparel), that is to say, “information-driven manufacturer and retailer.”
Clothing can capture the essence of an era, suggest a new way of living, and provide fresh aesthetic
designs, but clothing also provides a medium to experiment with new materials and functionality. In
other words, clothes are a medium of information in people’s daily lives. Indeed, clothes areinformation.

As a company that disseminates information in the form of clothing, Fast Retailing drives all theintegral steps of information gathering, editing, processing and communication consistently within
the framework of our SPA manufacturer-retailer business model. We are constantly communicating
information that is both innovative and invaluable, and, in turn, generating new demand from
customers for our corporate activities and products.

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Fast Retailing strives to fulfill an essential role in the enrichment of people’s lives by conducting
business according to our own unique operational concept of the “information-driven SPA”.

■ Seek to grow and develop in unity with society
Fast Retailing provides goods and services that are safe and environmentally conscious.

Weadhere to prevailing laws and regulations in our business activities, and we conduct business inaccordance with social rules and accepted practice. We respond in earnest to any environmental
burden caused by our global operations and seek a continuous reduction of any such effect. We
seek to nurture good relationships with local communities and all people with whom we are in contact.
Through our business, we seek to contribute to the development of a prosperous society and to therealization of a better world.

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Our Values■Approaching issues from the customer perspective■Embracing innovation & challenge■Respecting and supporting individuals to foster both corporate andpersonal growth■Committing to ethical standards and correctness■To areview
fromoftheperspective
Our Valuesthethings
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They drive the decision-making process by which we
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our mission. & challenge■Revolution■To respect individuals and individuality in the quest for corporate and■Approachingissues from the customer perspective
personal growth
Our customers are of the utmost importance. Everything that we do is done to please and satisfy ourcustomers.

Whenever we consider an issue, we always evaluate it from the customer perspective – what benefit
would this bring the customer? Does this meet our customers’ requirements?

Naturally thisapplies to all retail activities involving products, sales venues, services and communications. But,
even when considering organizational structure, management planning, and other management
measures, we are always conscious of how any decisions might affect our customers.

Therefore, even though customers are our harshest critics, we surely know that it is our customers
who ensure our continued survival.

■Embracing innovation & challenge“Innovation and challenge” is the fundamental spirit that has supported the growth of Fast Retailingto date. Innovation and challenge are at our core. Without such, we could not generate lastingdevelopments for our company or ensure the happiness of our employees.

To us at Fast Retailing, “innovation” is all about questioning our past practices, conducting in-depth
reviews of our business structures, and improving on the fundamentals to generate change for thefuture.

For us, “challenge” means that we always face adversity and competition head on.

6Consistently striving for the highest standards imaginable, Fast Retailing will continue to uphold thisfundamental spirit of innovation and challenge.

We will continue to pursue this spirit of innovation and challenge in all areas and at all levels of ourorganization from top management through to individual departments, sales venues, and right down
to the daily activities of our employees.

■Respecting and supporting individuals to foster both corporate and personal growthPeople are the main drivers of any company.

The employees at Fast Retailing share in our spirit

and support our style of business operations. We work to create an environment that enables eachand every one of our employees to thrive in their individual roles, to boost their strengths asindividuals through their professional work, and to deepen their sense of pride and confidence. We
believe that a company cannot grow and expand independently of its individual workers. Likewise,
employees cannot flourish in the absence of corporate growth. Fast Retailing aims to be a company
that grows together with its people, achieving outstanding success for both.

As a result, Fast Retailing contributes to the creation of abundant human resources through theconsistent nurturing of outstanding personnel.

■Committing to ethical standards and correctness
Corporate dishonesty can suddenly ruin the value of a brand that has taken years to build. Fast
Retailing places great importance on the “correctness” of all its corporate activities, be it our style ofmanagement, our negotiating attitude, or the attitudes and opinions of our employees. Insisting uponcorrectness is our corporate stance.

A sound corporate stance and sound corporate activities are the very foundations upon which
corporate trust and reliability are built. Naturally, we make every effort as a company to embrace therule of law and uphold fairness. We also seek to act fairly towards each and every one of ouremployees.

We want customers to purchase our products and services based first and foremost on our corporate
stance rather than the actual physical goods. To be a company worthy of outstanding products andservices, Fast Retailing strives to earn universal respect and warm regard.

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Our Principles
Inspired by The Fast Retailing Group Mission and Our Values, we will:■Do everything possible for our customers■Pursue excellence and aim for the highest possible level of achievement■Achieve strong results through the promotion of diversity and teamwork■Move speedily and decisively in everything we do■Conduct business in a very real way based on the current marketplace,products and facts■Act as global citizens with ethics and Integrity

Our Principles set forth the way of thinking that all employees and associates of the Fast RetailingGroup should uphold in their daily activities.

■Do everything possible for our customers
Our operations are conducted for the benefit of our customers. This goes without saying in our stores
where employees are in direct contact with customers. But even in those workplaces wherecustomer contact is not direct, everything we do is in some way linked to the customer.

In our daily work, we always consider how our particular area of responsibility might help maximize
customer enjoyment and satisfaction. Our customers hold our fate in their hands. Therefore,
everything we do is for our customers.

■Pursue excellence and aim for the highest possible level of achievement
We always aim for excellence in our individual work. In such a pursuit, we set the highest
professional goals and seek the highest level of accomplishment. Even if the actual result does notmeet the target, we learn and progress a great deal by trying our very best to reach high goals.
Setting low goals only serves to limit our individual possibilities.

As long as we continue to put all of our heart and soul into an effort to achieve high goals, we firmly
believe that we will be able to achieve our goals some day.

8■Achieve strong results through the promotion of diversity and teamwork
The Fast Retailing group is comprised of a number of companies each with differing operations anddistinct departments. These companies employ men and women of varied backgrounds each with avital role to play. The Fast Retailing group is diverse, but we are united in the pursuit of a common
goal.

Organizational effectiveness is achieved when companies, departments and people all divide
responsibility yet cooperate to attain a common goal. If the entire organization pools its strengths anddemonstrates solid teamwork, then what was perceived as being impossible can become possible.

Fast Retailing actively promotes teamwork by recognizing the important role that each person playsin the team and fostering empathy and trust among colleagues. We capitalize on the diversity of ourmany employees to generate powerful synergies and optimize our resources to achieve the highest
possible results.

■Move speedily and decisively in everything we do
Speed is key to the creation of added value in any business. To us, the significance of “speed” isbeing faster than anyone else and accomplishing work swiftly. We are in the business of speed making sure we can provide our customers with the products and services that they desire in a timely
and swift manner.

In order for Fast Retailing to be able to react swiftly to changes in the world and continue to lead themarket, it is imperative that we speed up our operational activities. To be victorious in business, youmust be the first to market, take speedy action, and boost efficiency.

Therefore, we are always

aware of the need for speed whatever the area of business. We dare to determine, decide andexecute swift decisions without fear of making mistakes.

Indeed, speed is signified in the very name of our company – Fast Retailing.

■Conduct business in a very real way based on the current marketplace, products, facts
Fast Retailing is in the business of selling products directly to customers, so the place and point ofsale are crucial for us. This means that we always focus closely on the current marketplace, products
and facts. We strive to conduct our business in a very real way, inspired by the direct observation of
the current marketplace, products and facts. We are very attentive to what is happening in our stores

9with our products and customers. We are constantly analyzing problems and possibilities. One of ourprimary tasks is to examine our stores, products and customers with our own eyes, ears and minds
and take appropriate action. We work tirelessly to create even more attractive products and sales
venues.

■Act as global citizens with ethics and integrity
Fast Retailing is a global corporation seeking to make the experience of wearing clothes a joyous
and satisfying one for people around the world. We, as members of that corporation, believe thateach and every one of us should be outstanding businesspeople as well as human beings with ethics
and integrity.

Every country and group has its own culture, social habits and conventions. We take great care tounderstand the societies with which we are associated and to respect their social customs. We also
pay attention to issues facing the international community and the global environment. In this way,
we act as global citizens whom people can trust and rely upon.

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