Purpose

Republic of the Philippines is experiencing a remarkable market growth. It has the second largest population in ASEAN countries (ca. 110 million), in which over 50% is aged 24 years or below. Both real GDP and GDP per person are showing over 6% growth rate in average.

RKJ entered into a licensing agreement with SSI in 2010. Since then RKJ has granted SSI to sell MUJI products exclusively in the Philippines. As of today 7 MUJI retail outlets are run by SSI and are popular with various customers.

By creating a joint venture with SSI, RKJ aims to build a stronger presence in one of the most important markets in West, South Asia & Oceania region.

About Joint Venture

Name:

MUJI PHILIPPINES CORP.

Headquarters:

Manila, Philippines

Representative:

Katsutoshi Suzuki

Capital:

3 million USD

Ownership:

RKJ 49%, SSI 51%

Establishment:

March, 2017 (plan)

About Stores Specialists Inc.

Headquarters:

Manila, Philippines

President:

Anthony T. Huang

Business:

A retailor and a franchisee of international brands in fashion and lifestyle

Capital:

3,300 million PHP (ca 7,900 million JPY^* as of fiscal year 2015）
*1 PHP = 2.39 JPY

Establishment:

1987