Tadashi Yanai
Encyclopedia
is founder and president of Fast Retailing
, of which Uniqlo
(ユニクロ, "unique clothing") is subsidiary
. He is routinely ranked as one of richest men in Japan
, and in 2009 he was ranked 76th richest man in world according to Forbes
, making him richest man in Japan with estimated net worth of $6.0 billion USD.
High School and later Waseda University
, graduating in 1971 with a Bachelor's degree in Economics
and Politics
. In 1984, he opened his first Uniqlo
store in Hiroshima
. In the April 2009 issue of Monocle
magazine, Yanai said, "I might look successful but I've made many mistakes. People take their failures too seriously. You have to be positive and believe you will find success next time."
Yanai won the International Retailer of Year award for 2010 from the National Retail Federation in US. He was only the fourth Japanese national to win it, and the first since Masatoshi Ito
(the owner and honorary chairman of the Ito-Yokado retailing group) in 1998. He was also chosen as best company president in a survey of Japanese corporate executives by Sanno Institute of Management in 2008 and 2009.
In March 2011, Yanai donated 1 billion yen to victims of the Great East Japan Earthquake.
Fast Retailing
is a Japanese retail holding company. In addition to its primary subsidiary Uniqlo, it owns several other brands, including Aspesi, Comptoir des Cotonniers, Foot Park, g.u., Princess Tam-Tam and National Standard....
, of which Uniqlo
UNIQLO
is a Japanese casual wear designer, manufacturer and retailer.The company was originally a division of Fast Retailing Co., Ltd.. On November 1, 2005, it was restructured as a separate wholly owned subsidiary called Uniqlo Co., Ltd. , which is listed on the first section of the Tokyo Stock...
(ユニクロ, "unique clothing") is subsidiary
Subsidiary
A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
. He is routinely ranked as one of richest men in Japan
Japan
Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...
, and in 2009 he was ranked 76th richest man in world according to Forbes
Forbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...
, making him richest man in Japan with estimated net worth of $6.0 billion USD.
Biography
Yanai attended UbeUbe, Yamaguchi
is a city located in Yamaguchi Prefecture, Japan on the Seto Inland Sea.As of 2010, the city has an estimated population of 179,000 and the density of 622 persons per km². The total area is 287.69 km².The city was founded on November 1, 1921....
High School and later Waseda University
Waseda University
, abbreviated as , is one of the most prestigious private universities in Japan and Asia. Its main campuses are located in the northern part of Shinjuku, Tokyo. Founded in 1882 as Tokyo Senmon Gakko, the institution was renamed "Waseda University" in 1902. It is known for its liberal climate...
, graduating in 1971 with a Bachelor's degree in Economics
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
and Politics
Politics
Politics is a process by which groups of people make collective decisions. The term is generally applied to the art or science of running governmental or state affairs, including behavior within civil governments, but also applies to institutions, fields, and special interest groups such as the...
. In 1984, he opened his first Uniqlo
UNIQLO
is a Japanese casual wear designer, manufacturer and retailer.The company was originally a division of Fast Retailing Co., Ltd.. On November 1, 2005, it was restructured as a separate wholly owned subsidiary called Uniqlo Co., Ltd. , which is listed on the first section of the Tokyo Stock...
store in Hiroshima
Hiroshima
is the capital of Hiroshima Prefecture, and the largest city in the Chūgoku region of western Honshu, the largest island of Japan. It became best known as the first city in history to be destroyed by a nuclear weapon when the United States Army Air Forces dropped an atomic bomb on it at 8:15 A.M...
. In the April 2009 issue of Monocle
Monocle (2007 magazine)
Monocle is a lifestyle magazine and website founded by Tyler Brûlé, a Canadian journalist and entrepreneur. Described by CBC News reporter Harry Forestell as a "meeting between Foreign Policy and Vanity Fair", the magazine provides a globalist perspective on issues as fashion, international...
magazine, Yanai said, "I might look successful but I've made many mistakes. People take their failures too seriously. You have to be positive and believe you will find success next time."
Yanai won the International Retailer of Year award for 2010 from the National Retail Federation in US. He was only the fourth Japanese national to win it, and the first since Masatoshi Ito
Masatoshi Ito
is a Japanese businessman and billionaire.He is the owner and honorary chairman of $30 billion Ito-Yokado retailing group, which includes more than 10,000 7-Elevens in Japan and the U.S....
(the owner and honorary chairman of the Ito-Yokado retailing group) in 1998. He was also chosen as best company president in a survey of Japanese corporate executives by Sanno Institute of Management in 2008 and 2009.
In March 2011, Yanai donated 1 billion yen to victims of the Great East Japan Earthquake.