FAST RE-DRS-NEW(06288) - 2024 Q3- 季度业绩

Financial Performance - Total revenue for the nine months ended May 31, 2024, was ¥2,366,501 million, representing a 10.4% increase year-over-year[2] - Operating profit for the same period was ¥401,803 million, showing a 21.5% increase compared to the previous year[2] - Net profit attributable to the parent company for the nine months was ¥312,838 million, a 31.2% increase year-over-year[2] - The company forecasts total revenue of ¥3,070,000 million for the fiscal year ending August 31, 2024, an 11.0% increase from the previous year[6] - Projected operating profit for the same fiscal year is ¥475,000 million, reflecting a 24.6% increase[6] - The forecasted net profit attributable to the parent company for the fiscal year is ¥365,000 million, a 23.2% increase[6] - Basic earnings per share for the fiscal year ending August 31, 2024, are projected to be ¥1,190.09[6] - For the first three quarters of the fiscal year 2024, the total consolidated revenue of Fast Retailing Co., Ltd. reached ¥2,366.5 billion, an increase of 10.4% year-on-year, with operating profit totaling ¥401.8 billion, up 21.5% year-on-year[10] Segment Performance - The Japan UNIQLO segment reported total revenue of ¥722.0 billion, a 1.7% increase year-on-year, and operating profit of ¥127.8 billion, which grew by 28.3% year-on-year, driven by strong sales of T-shirts and other products[11] - The overseas UNIQLO segment achieved total revenue of ¥1,292.8 billion, a year-on-year increase of 17.8%, with operating profit of ¥221.9 billion, up 20.6% year-on-year, benefiting from strong sales in Southeast Asia, India, and Australia[12] - The GU segment recorded total revenue of ¥246.4 billion, an 8.1% year-on-year increase, and operating profit of ¥29.4 billion, which grew by 14.2% year-on-year, supported by popular product sales[13] - The global brands segment reported total revenue of ¥103.7 billion, a decline of 2.5% year-on-year, and an operating loss of ¥0.3 billion, compared to an operating profit of ¥1.4 billion in the previous year, primarily due to sales challenges in the Theory business[14] Assets and Liabilities - Total assets as of May 31, 2024, amounted to ¥3,684,122 million, with total equity of ¥2,195,595 million[3] - The equity attributable to the parent company represented 58.0% of total assets as of May 31, 2024[3] - Total liabilities as of May 31, 2024, were ¥1,488.5 billion, an increase of ¥58.1 billion from the previous fiscal year-end[18] - Total equity reached ¥2,195.5 billion as of May 31, 2024, reflecting an increase of ¥322.2 billion compared to the previous fiscal year-end[18] Cash Flow - Operating cash flow for the nine months ended May 31, 2024, was ¥454.3 billion, up from ¥315.8 billion for the same period in 2023[19] - Investment cash flow for the nine months ended May 31, 2024, was a net cash outflow of ¥85.4 billion, compared to a net cash outflow of ¥505.8 billion for the same period in 2023[19] - Financing cash flow for the nine months ended May 31, 2024, was a net cash outflow of ¥229.5 billion, slightly down from ¥240.7 billion for the same period in 2023[20] Sustainability and Social Responsibility - The company aims to reduce greenhouse gas emissions from its stores and major offices by 90% by August 2030 compared to August 2019 levels[16] - As of August 2023, the company achieved a 69.4% reduction in internal greenhouse gas emissions compared to August 2019, up from a 45.7% reduction in the previous year[16] - The company has returned approximately $4.5 million (¥700 million) in employment fees to about 9,800 workers as part of its commitment to human rights in the supply chain[17] - The company plans to expand its RE.UNIQLO initiative, aiming to increase the number of RE.UNIQLO STUDIO locations from 44 to over 50 by December 2024[15] Future Outlook - The company plans to accelerate the opening of new stores, particularly for the overseas UNIQLO segment, which has become a key growth driver[10] - The company aims to enhance its product development and brand building efforts, particularly in the overseas UNIQLO segment, to strengthen its market presence[10] - The company emphasizes its "LifeWear" concept in its clothing production activities, focusing on sustainability and quality[10] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[26] Comprehensive Income - The total comprehensive income for the nine months ending May 31, 2024, was ¥526,845 million, significantly higher than ¥286,715 million for the same period last year, showcasing strong overall performance[24] - The company recorded other comprehensive income of ¥213,427 million, which includes gains from financial assets and foreign currency translation adjustments[25] Shareholder Returns - The company has announced a total dividend forecast of ¥400.00 for the fiscal year ending August 31, 2024[4] - The company declared dividends totaling ¥120,017 million, which includes a cash dividend of ¥104,274 million[26] - The company engaged in share buybacks, with a net purchase of treasury shares amounting to ¥0 million for the current period[26]