[Translation]
May 9, 2016
To whom it may concern:
Company Name:
Representative:

Contact:

WACOAL HOLDINGS CORP.
Yoshikata Tsukamoto
President and Representative Director(Code Number: 3591)(Tokyo Stock Exchange, First Section)
Akira Miyagi
General Manager of Corporate
Planning(Telephone: +81 (075)682-1010)

Notice on Distribution of Surplus

We hereby give notice that the board of directors of Wacoal Holdings Corp. has adopted a resolution
at its meeting held on May 9, 2016 to make the following distribution of surplus for the record date ofMarch 31, 2016.
1. Details of DividendDividend Amount
Record date
Dividend per share
Total dividend
Effective date
Dividend source

March 31, 2016
33.00 yen
4,648 million yen
June 6, 2016
Retained earnings

Most Recent
Dividend Forecast(Announced onMay 11, 2015)
March 31, 2016
33.00 yen———

Dividend paid
Previous Year
(Year ended
March 2015)
March 31, 2015
30.00 yen
4,225 million yen
June 3, 2015
Retained earnings

2. Reasons
Our basic policy on profit distribution to shareholders is to make stable distributions, based on
consideration of our consolidated performance, while seeking to increase our enterprise value throughactive investment aimed at higher profitability and to increase net income per share.
We will distribute 33.00 yen per share, as initially announced, for the year ended March 2016.

*Cautionary Statement Regarding Forecasts of Business Results
Any forecasts of business results are based on information we have obtained as of the date hereof and,due to various risks, uncertainties and other factors arising in the future, actual results in the future may
differ significantly from the estimates set out in this document.
These risks, uncertainties and other factors include: the impact of the ongoing global economic
downturn on our sales and profitability in Japan and our other markets; the impact on our business ofanticipated continued weakness of department stores and other general retailers in Japan; our ability tosuccessfully develop, manufacture, and market products in Japan and our other markets that meet thechanging tastes and needs of consumers and to deliver high quality products; the highly competitive
nature of our business and the strength of our competitors; our ability to successfully expand ournetwork of our own specialty retail stores and achieve profitable operations at these stores; our ability tofurther develop our Internet sales capabilities; our ability to effectively manage our inventory levels; ourability to reduce costs; our ability to attract and retain highly qualified personnel; effects of irregularweather events on our business and performance; risks related to conducting our businessinternationally; risks from acquisitions and other strategic transactions with third parties; risks relating
to return of investment for development of new markets; risks relating to intellectual property; risks
relating to protection of customer information and our ability to protect our trade secrets; risks relating
to internal controls over financial reporting; the impact of weakness in the Japanese equity markets on
our holdings of Japanese equity securities; the impact of any natural disaster or epidemic on ourbusiness; and other risks referred to from time to time in our annual report and other disclosures.
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