FAST RE-DRS-NEW(06288) - 2023 Q1 - 季度财报

Financial Performance - For the six-month period ending February 28, 2023, Fast Retailing reported total revenue of ¥1,467.35 billion, a 20.4% increase compared to the same period last year[4]. - Operating profit for the same period was ¥220.26 billion, reflecting a 16.4% year-over-year growth, achieving a record high[6]. - Profit attributable to owners of the parent company was ¥153.39 billion, up 4.5% year-over-year[4]. - Fast Retailing's net income before tax for the period was ¥230.50 billion, an 8.4% increase from the previous year[4]. - UNIQLO Japan's revenue for the first half of the fiscal year reached ¥495.1 billion, an increase of 11.9% year-over-year, while operating profit decreased by 1.6% to ¥67.3 billion due to rising costs from yen depreciation[7]. - Same-store sales in Japan grew by 10.0%, driven by strong sales of autumn and winter products, including HEATTECH items and spring apparel[7]. - UNIQLO Overseas reported revenue of ¥755.2 billion, a 27.3% increase year-over-year, with operating profit rising by 22.2% to ¥122.6 billion, marking significant growth across Southeast Asia, South Asia, Oceania, North America, and Europe[8]. - GU's revenue for the first half of the fiscal year was ¥145.5 billion, up 18.5% year-over-year, with operating profit increasing by 39.2% to ¥13 billion, driven by strong sales of specific apparel items[9]. - The company reported a foreign exchange loss of ¥17,581 million for the six months ended February 28, 2023, compared to a gain of ¥16,961 million in the same period of 2022[45]. - The company reported a profit attributable to ordinary shareholders of ¥68,318 million for the three months ended February 28, 2023, compared to ¥53,252 million for the same period in 2022, reflecting a growth of 28.3%[77]. Cash Flow and Assets - The net cash generated from operating activities for the six-month period was ¥177.45 billion[4]. - Operating cash flow for the six months ended February 28, 2023, generated a net cash amount of ¥1,774 billion, down from ¥2,646 billion for the same period in 2022[15]. - Investment cash flow for the six months ended February 28, 2023, used a net cash amount of ¥4,727 billion, compared to ¥742 billion for the same period in 2022[16]. - Financing cash flow for the six months ended February 28, 2023, used a net cash amount of ¥1,597 billion, up from ¥1,080 billion for the same period in 2022[17]. - The total assets of the company as of February 28, 2023, were ¥3,015.62 billion[4]. - Current assets decreased from ¥2,178,851 million to ¥1,948,823 million from August 31, 2022, to February 28, 2023[43]. - Cash and cash equivalents decreased from ¥1,358,292 million to ¥888,605 million during the same period[43]. - Total liabilities as of February 28, 2023, were ¥13,576 billion, down by ¥2,107 billion compared to the previous fiscal year-end[14]. - Total equity increased to ¥16,579 billion as of February 28, 2023, reflecting an increase of ¥425 billion from the previous fiscal year-end[14]. Sustainability and Social Responsibility - The company is committed to sustainable development, focusing on producing customer-centric products and addressing environmental and social issues[6]. - The "PEACE FOR ALL" initiative generated total profits of ¥322,106,100, with 20% of T-shirt sales donated to humanitarian support for affected individuals[12]. - The company was recognized as an "A-list" company by CDP for its efforts in climate change and water security, highlighting its commitment to sustainability[12]. - The company is providing €1 million (approximately ¥140 million) in emergency aid to residents affected by the earthquake in Turkey and Syria, in partnership with UNHCR[12]. - The company received a diversity score of 96 out of 100 in the 2022 D&I Awards, highlighting its commitment to employee welfare and diversity initiatives[13]. Stock and Shareholder Information - The company plans to increase its issued shares from 600 million to 900 million, with a stock split ratio of 1:3 effective March 1, 2023[22]. - The number of issued shares as of February 28, 2023, was 106,073,656, which will increase to 318,220,968 after the stock split[23]. - The largest shareholder, The Master Trust Bank of Japan, Ltd., holds 22,466 thousand shares, representing 21.98% of the total issued shares[33]. - The company has a total of 3,859,655 treasury shares, accounting for 3.64% of the statutory total shares[36]. - The total number of issued shares as of February 28, 2023, is 106,073,656, with a total voting power of 1,021,120[38]. Financial Metrics and Ratios - Basic earnings per share for the six months ended February 28, 2023, was ¥500.29, compared to ¥479.14 for the same period in 2022, reflecting a growth of 4.4%[44]. - Diluted earnings per share for the six months ended February 28, 2023, were ¥499.56, up 4.4% from ¥478.40 for the same period in 2022[76]. - The company reported a retained earnings increase from ¥1,275,102 million to ¥1,393,811 million during the same period[43]. - The total comprehensive income for the six months ended February 28, 2023, was ¥133,950 million, down 33.7% from ¥201,856 million in the previous year[45]. - The company incurred a foreign exchange loss of ¥23,576 million in the previous period, which turned into a gain of ¥1,762 million in the current period[48]. Operational Developments - The company plans to continue expanding its store network globally, particularly in Southeast Asia, North America, and Europe, to strengthen its brand presence[6]. - The company has established new important facilities, including a UNIQLO warehouse in Chiba, Japan, and plans for a new UNIQLO store in Tokyo[19][20]. - The company continues to focus on market expansion and new product development strategies to drive future growth[55].