[Translation]
May 15, 2018
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. (the “Company”) has adopted a resolution
at its meeting held on May 15, 2018 to make the following distribution of surplus, the record date of which is March 31,
2018.

1. Details of Dividend
Most Recent
Dividend Forecast(Announced onMay 10, 2017)

Dividend paid
Previous Year
(Fiscal year ended
March 31, 2017)

March 31, 2018

March 31, 2018

March 31, 201736.00 yen

36.00 yen

36.00 yen

Total dividend

2,425 million yen－

4,940 million yen

Effective dateJune 5, 2018－

June 6, 2017

Dividend Amount

Record Date
Dividend per share

Dividend source
Retained earnings－
Retained earnings(Note)We have conducted a share consolidation of common stock of the Company pursuant to which two (2) shareswere consolidated into one (1) share effective as of October 1, 2017.
2. Reasons
Our basic policy on profit distribution to shareholders is to make stable distributions, based on consideration of ourconsolidated performance, while seeking to increase our enterprise value through active investment aimed at higher
profitability and to increase net income per share.
In consideration of the consolidated business results for the fiscal year ended March 31, 2018, we will distribute 36.00
yen per share for the year-end cash dividend for the fiscal year ended March 31, 2018 as initially announced.

tk-692460(Reference) Details of Annual Dividend
Dividend per share (yen)Record Date
Dividend paid for thecurrent fiscal year

End of Second Quarter

Year-endTotal

18.00 yen

(Fiscal year ended March31, 2018)36.00 yen

-Dividend paid for theprevious fiscal year
(Fiscal year ended March31, 2017)36.00 yen

36.00 yen

*We have conducted a share consolidation of common stock of the Company pursuant to which two (2) shares wereconsolidated into one (1) share effective as of October 1, 2017. Accordingly, total annual dividend amount per share forthe fiscal year ended March 31, 2018 is indicated as “-.“*Details of Annual Dividend if calculated based on per share information after the share consolidation
Dividend per share (yen)Record Date
Dividend paid for thecurrent fiscal year
(Fiscal year ended March31, 2018)
Dividend paid for theprevious fiscal year
(Fiscal year ended March31, 2017)

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End of Second Quarter

36.00 yen

Year-end

Total

36.00 yen

72.00 yen

72.00 yen

72.00 yen

*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 andprofitability in Japan and our other markets; the impact on our business of anticipated continued weakness of department
stores and other general retailers in Japan; our ability to successfully develop, manufacture, and market products in Japanand our other markets that meet the changing 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 our network of
our own specialty retail stores and achieve profitable operations at these stores; our ability to further develop our Internet
sales capabilities; our ability to effectively manage our inventory levels; our ability to reduce costs; our ability to attract andretain highly qualified personnel; effects of irregular weather events on our business and performance; risks related toconducting our business internationally; risks from acquisitions and other strategic transactions with third parties; risks
relating to return of investment for development of new market; risks relating to intellectual property; risks relating toprotection of customer information and our ability to protect our trade secrets; risks relating to internal controls overfinancial 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 our business; and other risks referred to from time to time in our annual
report and other disclosures.

- End -

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