OREANDA-NEWS. Fast Retailing Co., Ltd. announces plans to establish J Brand Japan Co., Ltd., a new subsidiary company to create and develop the J Brand business in Japan.

The new subsidiary company, J Brand Japan Co., Ltd, which is fully-owned by Fast Retailing Co., Ltd., will be tasked with creating the J Brand operations in Japan. In December 2012 Fast Retailing Co., Ltd. acquired majority control of J Brand Holdings, LLC (hereinafter "J Brand"). With its global headquarters in Los Angeles, California, J Brand is a leading contemporary fashion company with significant experience in women's and men's apparel, particularly in the premium denim category.

The establishment of J Brand Japan Co., Ltd. will not have any impact on the quarterly or full year financial results for the fiscal year ending August 2013. The establishment of J Brand Japan Co., Ltd. is expected to have minimal impact on the quarterly and full year financial results for the fiscal year ending August 2014.