Fast Retailing (HKG:6288, TYO:9983) will increase the capital extended to unit Fast Retailing Europe to 401 million euros from 1 million euros currently, a Thursday filing with the Hong Kong bourse said.
The boost in capital in the unit, which was formed in January, will facilitate strategic investments and fund management to promote the medium- to long-term growth of the firm's European operation.
The retail company, in a separate filing on the same day, said it will revise its year-end dividend estimate for the year ending Aug. 31 to 240 yen per share from 225 yen apiece previously.
This will bring its total dividend per share for the year to 480 yen from 450 yen as previously forecasted.
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