Fast Retailing chief to donate $94 million for medical research

Jun 24 ,2020. 17 minutes ago – 17:30 KYODO NEWS

TOKYO – Fast Retailing Co. Chairman and CEO Tadashi Yanai said Wednesday he will donate 10 billion yen ($94 million) to Kyoto University to support its medical research under two Nobel Prize winners, Tasuku Honjo and Shinya Yamanaka.

The chief of Fast Retailing, the operator of the Uniqlo casual clothing chain, said at a press conference that he will provide 5 billion yen through April 2030 to a foundation he will set up at the university’s Center for Cancer Immunotherapy and Immunobiology, headed by Honjo for research promotion and education of young researchers.

Yanai will also donate 4.5 billion yen to support a project to build facilities for the low-cost mass production of iPS cells and 500 million yen for medical research on the novel coronavirus at the Center for iPS Cell Research and Application, led by Yamanaka.

Yanai was ranked forty-first in Forbes list of the world’s wealthiest people for 2020, the highest among Japanese citizens.