FAST RE-DRS-NEW(06288) - 2023 Q2 - 季度财报

Financial Performance - Total revenue for the first three quarters of the fiscal year 2023 reached ¥2,143.5 billion, a 21.4% increase compared to the same period last year[4] - Operating profit for the same period was ¥330.6 billion, reflecting a 21.9% year-on-year growth[4] - Profit before tax for the first three quarters was ¥359.2 billion, an increase of 2.8% year-on-year[7] - Net income attributable to the parent company was ¥238.5 billion, a slight increase of 0.3% compared to the previous year[7] - UNIQLO Japan's revenue for the first three quarters of the fiscal year reached ¥709.7 billion, a 10.7% increase year-over-year, while operating profit decreased by 3.0% to ¥99.6 billion due to rising cost rates from yen depreciation[8] - Overseas UNIQLO's revenue for the first three quarters was ¥1,097.6 billion, a 30.5% year-over-year increase, with operating profit rising 38.6% to ¥184.1 billion, indicating strong growth across all regions[9] - GU's revenue for the first three quarters was ¥227.9 billion, a 19.7% increase year-over-year, with operating profit rising 44.6% to ¥25.8 billion, driven by successful product selection and marketing strategies[10] - Global Brands segment revenue reached ¥106.4 billion, an 18.2% increase year-over-year, with operating profit soaring 105.4% to ¥1.4 billion, particularly strong in the Asian market[11] Assets and Liabilities - The total assets of the company as of May 31, 2023, amounted to ¥3,100.6 billion[4] - The total assets as of May 31, 2023, were ¥3,100,617 million, a decrease from ¥3,183,762 million as of August 31, 2022[29] - Total liabilities as of May 31, 2023, were ¥1,353.0 billion, a decrease of ¥215.3 billion from the previous fiscal year-end, mainly due to reductions in trade and other payables[13] - Current liabilities totaled ¥687,265 million as of May 31, 2023, down from ¥876,242 million, indicating a decrease of 21.5%[29] - The total equity as of May 31, 2023, was ¥1,747.5 billion, an increase of ¥132.1 billion from the previous fiscal year-end, primarily due to retained earnings increasing by ¥165.5 billion[14] Cash Flow - The cash and cash equivalents at the end of the period were ¥922.6 billion[4] - Operating cash flow for the nine months ended May 31, 2023, was ¥315.8 billion, compared to ¥338.6 billion for the same period in 2022[14] - Investment cash flow for the nine months ended May 31, 2023, was a net outflow of ¥505.8 billion, significantly higher than the net outflow of ¥90.7 billion for the same period in 2022[14] - Financing cash flow for the nine months ended May 31, 2023, was a net outflow of ¥240.7 billion, compared to a net outflow of ¥174.8 billion for the same period in 2022[14] - Cash generated from operating activities for the nine months was ¥315,896 million, a decrease from ¥338,630 million in the previous year[35] - The company reported financing income of ¥83,311 million for the nine months ended May 31, 2023, significantly up from ¥36,082 million in the previous year[30] Sustainability and Corporate Responsibility - The company is committed to sustainable business practices, focusing on high-quality, durable clothing and recycling initiatives[7] - The company is committed to sustainability initiatives, including improving labor conditions in supply chains and reducing energy consumption in new store designs[12] - The company donated ¥40 million worth of products to support women refugees in Bangladesh, marking its first donation on International Women's Day[12] Strategic Initiatives - The company aims to strengthen its digital retail capabilities and expand its overseas business significantly[7] - The UNIQLO business in Greater China showed a strong recovery in the third quarter, contributing to overall revenue growth[7] - The company plans to enhance marketing efforts in North America and Europe to promote its "LifeWear" concept and accelerate new store openings[7] - The company plans to improve inventory operations and store efficiency to enhance profit margins and address rising personnel costs[8] - The company plans to continue expanding its UNIQLO and GU brands both domestically and internationally, focusing on enhancing product offerings and market presence[36] Shareholder Information - The total number of issued shares was 318,220,968, following a stock split on March 1, 2023, at a ratio of 1:3[19] - The company had a total of 3,859,600 shares held as treasury stock, representing 3.64% of the total issued shares as of May 31, 2023[25] - The company declared dividends amounting to ¥53,123 million during the period, reflecting a commitment to returning value to shareholders[33] - The total dividends paid for the nine months ended May 31, 2023, amounted to ¥38,330 million, with a per-share dividend of ¥375[53] Impairment and Inventory - The total impairment loss for the nine months ended May 31, 2023, was ¥14,132 million, compared to ¥14,927 million for the same period in 2022, indicating a decrease of approximately 5.3%[41] - The inventory write-down to net realizable value as of May 31, 2023, was ¥6,936 million, slightly higher than ¥6,503 million as of May 31, 2022[46] - The company reported a decrease in inventory by ¥99,178 million for the nine months ended May 31, 2023, compared to an increase of ¥67,838 million in the previous year[35] Accounting and Auditing - The interim consolidated financial statements as of May 31, 2023, were prepared in accordance with International Accounting Standard 34, reflecting the financial position fairly[71] - The auditors did not identify any matters that would lead them to believe the interim financial statements were not fairly presented in all material respects[71] - The management is responsible for ensuring the interim financial statements are prepared in accordance with International Accounting Standards and for maintaining internal controls[72] - The auditors communicated the scope and timing of the review and significant findings to the statutory auditor committee[73] - There were no conflicts of interest that required disclosure under Japanese Certified Public Accountant Law between the group and the auditors[74] - The review report was issued by Deloitte Touche Tohmatsu LLC on July 14, 2023, confirming compliance with ethical requirements[74]