Retail group Fast Retailing Co is likely to re-appoint Tadashi Yanai as president of the company from September 2005 at the earliest, Japanese News Digest reported.

Current president Genichi Tamatsuka will resign from that role but stay on as director, it was suggested.

Tamatsuka took over from Fast's founder Yanai in November 2002 when Yanai moved to the role of chairman. However, the company's earnings have since been sliding due to a lack of successful new lines.

Fast Retailing operates popular casual clothing chain Uniqlo.