FAST RE-DRS-NEW(06288) - 2022 Q4 - 季度财报

Financial Performance - Consolidated revenue for Q1 FY2023 reached ¥716.39 billion, a 14.2% increase year-over-year[7] - Operating profit for the same period was ¥117.08 billion, a decrease of 2.0% compared to the previous year[7] - Net profit attributable to the parent company was ¥85.07 billion, down 9.1% year-over-year[7] - Gross profit margin decreased by 0.9 percentage points to 53.1%[7] - Revenue from UNIQLO Japan for Q1 was ¥240.9 billion, a 6.4% increase year-over-year, while operating profit decreased by 5.6%[8] - Same-store sales in Japan increased by 4.7% year-over-year[8] - Overseas UNIQLO's revenue for Q1 reached ¥357.8 billion, a 19.4% increase year-over-year, while operating profit was ¥57.2 billion, a 4.4% decrease[9] - GU's revenue for Q1 was ¥79.3 billion, a 13.6% increase year-over-year, and operating profit was ¥10.6 billion, a 19.3% increase, driven by strong sales of selected items and improved logistics[10] - Global Brands' revenue for Q1 was ¥37.6 billion, a 22.4% increase year-over-year, but operating profit fell to ¥0.7 billion, a 72.1% decrease, mainly due to discount promotions in the U.S. and COVID-19 impacts in Asia[11] Cash Flow and Assets - The company reported a net cash flow from operating activities of ¥84.42 billion, compared to a cash outflow of ¥1.31 billion in the previous year[4] - Total assets increased to ¥3,196.82 billion, up from ¥2,658.72 billion year-over-year[4] - Cash and cash equivalents decreased to ¥9,140 billion as of November 30, 2022, down by ¥4,442 billion from the previous fiscal year-end[14] - Operating cash flow for the three months ended November 30, 2022, was a net cash outflow of ¥13 billion, compared to a net inflow of ¥844 billion for the same period in 2021[15] - Investment cash flow for the three months ended November 30, 2022, showed a net cash outflow of ¥3,763 billion, significantly higher than the ¥218 billion outflow for the same period in 2021[16] - Financing cash flow for the three months ended November 30, 2022, resulted in a net cash outflow of ¥691 billion, compared to a net outflow of ¥651 billion for the same period in 2021[17] Sustainability and Development Goals - The company aims to increase the use of low greenhouse gas emission materials from 5% in 2022 to 50% by 2030[13] - The "PEACE FOR ALL" project generated a total profit of ¥1.45 billion from T-shirt sales, with 20% of each sale donated to humanitarian support organizations[12] - The RE.UNIQLO STUDIO service, offering repair and customization, has received positive feedback and is being trialed in Japan[13] - The company targets a 50% representation of women in management by 2030, with current representation at 43.7%[13] Shareholder Information - The total number of issued shares as of November 30, 2022, was 106,073,656[22] - The company plans a stock split effective March 1, 2023, where each share will be split into three, increasing the total issued shares from 106,073,656 to 318,220,968[60][61] - The board of directors decided to pay dividends from retained earnings during the meeting held on November 1, 2022[66] Liabilities and Equity - Total liabilities as of November 30, 2022, were ¥15,790 billion, up by ¥106 billion compared to the previous fiscal year-end[14] - Net assets totaled ¥16,177 billion as of November 30, 2022, reflecting an increase of ¥23 billion from the previous fiscal year-end[14] - The company’s total liabilities increased, with short-term borrowings rising to ¥1,118 million for the three months ended November 30, 2022, compared to ¥7,699 million for the same period in 2021[37] Operational Developments - The company completed the construction of a new domestic UNIQLO warehouse in Ichikawa, Chiba, Japan, in September 2022[19] - The company plans to establish a new domestic GU warehouse in Ibaraki, Osaka, scheduled for completion in January 2023[20] Financial Reporting and Compliance - The interim consolidated financial statements were reviewed as of November 30, 2022, and no significant issues were noted that would affect the fair presentation of the financial statements[67] - The review was conducted in accordance with Japanese certified quarterly review standards, ensuring compliance with international accounting standards[68] - The management is responsible for preparing the interim consolidated financial statements in accordance with International Accounting Standard 34[69] - The auditors communicated the review plan, schedule, and significant findings to the statutory auditor committee[70]