TOKYO, Japan — Uniqlo owner Fast Retailing Co., the Japanese clothing company on an overseas expansion drive, plans to list depositary receipts in Hong Kong.

Fast Retailing doesn’t plan to sell new shares or raise funds through the listing, it said in a statement to the Tokyo Stock Exchange today. The receipts will trade on Hong Kong’s stock exchange on March 5, it said.

President Tadashi Yanai has pushed Fast Retailing's overseas business, expanding in the U.S., China and Indonesia and hiring executives from Wal-Mart, Esprit Holdings Ltd., Express Inc. and Juicy Couture. Fast Retailing's profit in the three months through November rose 8.8 percent to beat analyst estimates. Uniqlo sales overseas surged 77 percent in the period, more than 40 times the growth rate in Japan.

“The purpose of the Hong Kong listing is to raise the company’s profile in greater China and southeast Asia,” Yukie Sakaguchi, a spokeswoman for Fast Retailing, said by phone today.

Fast Retailing fell 1.2 percent to 37,740 yen at 10:38 a.m. in Tokyo trading.

The plan to sell depositary receipts in Hong Kong is subject to regulatory approval.

By Marco Lui, Yuki Yamaguchi; Editors: Frank Longid, Dave McCombs