FAST RE-DRS-NEW(06288) - 2023 - 中期业绩

Financial Performance - For the nine months ended May 31, 2023, total revenue reached ¥2,143,504 million, representing a year-on-year increase of 21.4%[2] - Operating profit for the same period was ¥330,574 million, with a growth of 21.9% compared to the previous year[2] - Profit before tax increased by 2.8% to ¥359,203 million, while net profit rose by 3.0% to ¥254,905 million[2] - For the first three quarters of the fiscal year 2023, the total consolidated revenue of Fast Retailing Co., Ltd. reached ¥2,143.5 billion, a year-on-year increase of 21.4%[10] - The total operating profit for the same period was ¥330.5 billion, reflecting a year-on-year growth of 21.9%, marking a historical high for both revenue and profit[10] - The overseas UNIQLO segment reported total revenue of ¥1,097.6 billion, a significant year-on-year increase of 30.5%, with operating profit rising by 38.6% to ¥184.1 billion[12] - The GU segment achieved total revenue of ¥227.9 billion, a year-on-year increase of 19.7%, with operating profit rising by 44.6% to ¥25.8 billion[13] - The global brand segment reported total revenue of ¥106.4 billion, an 18.2% year-on-year increase, with operating profit soaring by 105.4% to ¥1.4 billion[15] Assets and Liabilities - The total assets as of May 31, 2023, were ¥3,100,617 million, with total equity amounting to ¥1,747,580 million, resulting in an equity-to-assets ratio of 54.7%[3] - Total assets as of May 31, 2023, amounted to ¥3,100.6 billion, a decrease of ¥83.1 billion from the previous fiscal year-end[18] - Total liabilities as of May 31, 2023, were ¥1,353.0 billion, a decrease of ¥215.3 billion from the previous fiscal year-end[18] - Total equity as of May 31, 2023, reached ¥1,747.5 billion, an increase of ¥132.1 billion from the previous fiscal year-end[18] - Total liabilities increased to ¥1,568,360 million from ¥1,353,037 million, representing a rise of approximately 15.9%[24] - The total equity decreased to ¥1,615,402 million from ¥1,747,580 million, reflecting a decline of approximately 7.55%[24] Cash Flow - Operating cash flow for the nine months ended May 31, 2023, generated a net cash of ¥315.8 billion, compared to ¥338.6 billion for the same period in 2022[19] - Investment cash flow for the nine months ended May 31, 2023, used a net cash of ¥505.8 billion, significantly higher than ¥90.7 billion for the same period in 2022[20] - Financing cash flow for the nine months ended May 31, 2023, used a net cash of ¥240.7 billion, compared to ¥174.8 billion for the same period in 2022[21] - The cash generated from operating activities for the nine months ended May 31, 2023, was ¥315,896 million, compared to ¥338,630 million for the same period in 2022, showing a decrease of about 6.7%[28] - The net cash used in investing activities for the nine months ended May 31, 2023, was ¥(505,838) million, a significant decrease from ¥(90,764) million in the previous year[28] - The net cash used in financing activities for the nine months ended May 31, 2023, was ¥(240,721) million, compared to ¥(174,808) million for the same period in 2022, indicating an increase of approximately 37.7%[28] Dividends and Earnings Per Share - The company plans to distribute a total dividend of ¥280.00 for the fiscal year ending August 31, 2023, with an expected year-end dividend of ¥155.00[4] - The basic earnings per share for the fiscal year ending August 31, 2023, is projected at ¥847.96, accounting for the stock split[6] - Basic earnings per share for the period was ¥775.99, a minor decrease from ¥777.90 year-over-year[25] - Diluted earnings per share for the nine months ended May 31, 2022, were ¥774.81, while for the same period in 2023, they rose to ¥776.65, indicating an increase of about 0.24%[46] Future Outlook - Revenue forecast for the fiscal year ending August 31, 2023, is projected at ¥2,730,000 million, reflecting an 18.6% increase[6] - Operating profit for the same forecast period is expected to be ¥370,000 million, indicating a decrease of 24.4%[6] - The company plans to enhance its digital retail capabilities and expand its overseas business operations to establish itself as a global brand trusted by customers[10] - The company aims to improve inventory operations and store efficiency to address rising personnel costs and enhance profitability[11] - The company plans to continue expanding its market presence in the Greater China region and other international markets, focusing on enhancing its product offerings and customer experience[36] - The company is investing in new product development and technology to drive future growth and improve operational efficiency[36] Comprehensive Income - For the nine months ended May 31, 2023, the company reported a total comprehensive income of ¥271,077 million, which includes a profit of ¥238,519 million[27] - The company reported other comprehensive income of ¥32,557 million for the nine months ended May 31, 2023, compared to ¥164,595 million in the previous period[27] Impairment and Financing - The total impairment loss for the nine months ended May 31, 2023, was ¥1,932 million, a significant decrease from ¥14,927 million in the previous year, reflecting a reduction of about 87%[33] - Financing income decreased to ¥36,082 million for the nine months ended May 31, 2023, from ¥83,311 million in the previous year, indicating a decline of approximately 56.7%[41] - Financing costs increased to ¥7,453 million for the nine months ended May 31, 2023, compared to ¥5,139 million in the previous year, representing an increase of 45.0%[42]