FAST RE-DRS-NEW(06288) - 2018 Q4 - 季度财报

Financial Performance - Total revenue for Q1 2019 was ¥644.66 billion, an increase of 4.4% year-over-year[7] - Operating profit for Q1 2019 was ¥104.67 billion, a decrease of 8.1% year-over-year[7] - Profit attributable to owners of the parent for Q1 2019 was ¥73.48 billion, a decrease of 6.4% year-over-year[7] - Revenue from the Japan UNIQLO segment was ¥246.1 billion, a decrease of 4.3% year-over-year[8] - Overseas UNIQLO revenue for Q1 reached ¥291.3 billion, a year-on-year increase of 12.8%, with operating profit at ¥52.5 billion, up 12.6%[9] - GU's Q1 revenue was ¥65.4 billion, a year-on-year increase of 7.7%, but operating profit decreased by 4.9% due to increased advertising expenses[10] - Global Brands segment revenue for Q1 was ¥40.7 billion, up 1.8%, while operating profit fell by 9.9%[11] - Total revenue for the three months ended November 30, 2018, was ¥644,466 million, with a year-over-year increase of 4.5%[62] - Operating profit for the same period was ¥104,665 million, reflecting a 3.4% increase compared to the previous year[62] - Revenue from UNIQLO Japan was ¥246,140 million, accounting for 38.2% of total revenue[70] - The Greater China region generated ¥134,848 million in revenue, representing 20.9% of total revenue[70] Cash Flow and Financial Position - Cash and cash equivalents at the end of the period were ¥979.09 billion[4] - Operating cash flow for the three months ended November 30, 2018, was ¥30.1 billion, a decrease of 74.9% year-over-year[15] - Investment cash flow for the same period was a net outflow of ¥31.1 billion, an increase of 478.8% year-over-year[16] - Net cash used in financing activities for the three months ended November 30, 2018, was ¥27.1 billion, an increase of ¥10.5 billion (63.5% year-over-year) compared to the same period in 2017[17] - Cash dividends paid amounted to ¥24.4 billion, an increase of ¥6.6 billion year-over-year[17] - The cash and cash equivalents at the end of the period were ¥979,087 million, down from ¥788,898 million at the end of the previous year[49] - The net cash used in financing activities increased to ¥27,144 million from ¥16,600 million in the previous year, indicating a higher outflow[49] - The company reported a net increase in cash and cash equivalents of ¥105,096 million, contrasting with a decrease of ¥20,609 million in the same period last year[49] Assets and Liabilities - As of November 30, 2018, total assets were ¥2,031.7 billion, an increase of ¥78.2 billion from the previous fiscal year-end[14] - Total liabilities as of November 30, 2018, were ¥1,050.4 billion, a slight decrease of ¥0.1 billion from the previous fiscal year-end[14] - Total assets decreased from ¥2,031,729 million on November 30, 2018, to ¥1,953,466 million on August 31, 2018, representing a decline of approximately 3.85%[37] - Total liabilities remained relatively stable, with a slight increase from ¥1,050,494 million on November 30, 2018, to ¥1,050,688 million on August 31, 2018[37] - Total equity decreased from ¥981,234 million on November 30, 2018, to ¥902,777 million on August 31, 2018, a decline of approximately 8%[37] Shareholder Information - The total number of issued shares was 106,073,656[23] - The major shareholder, Fast Retailing Co., Ltd., holds 4,053,800 shares, representing 3.82% of the total issued shares[34] - The total amount of dividends paid for the three months ended November 30, 2018, was ¥24,484 million, with a dividend per share of ¥240[67] Strategic Initiatives - The company aims to expand its UNIQLO and GU businesses internationally, focusing on major cities and flagship stores[7] - The US UNIQLO business is progressing towards profitability within the fiscal year[7] - The company plans to continue expanding its market presence and investing in new product development to drive future growth[39] - The company opened several new overseas UNIQLO stores, including the UNIQLO Manila Global Flagship Store in the Philippines and UNIQLO Köln in Germany, both opened in October 2018[19] - The company plans to expand its market presence through new store openings in key international locations[19] Environmental and Social Responsibility - The company aims to reduce water usage in denim processing by over 90% for certain products, with plans to implement this technology across all brands by 2020[12] - The company donated 17,700 items to earthquake victims in Hokkaido and approximately 90,000 items to Venezuelan refugees in Colombia[13] Accounting and Compliance - The financial statements have been prepared in accordance with the International Accounting Standards No. 34 for interim financial reporting[35] - The quarterly financial statements for the three-month period ending November 30, 2018, were reviewed by Deloitte Touche Tohmatsu LLC[36] - The company has adopted IFRS 9 and IFRS 15, which did not have a significant impact on the first quarter consolidated performance[57] Stock Options and Capital Management - The company granted stock options to 419 employees and 1,267 employees from subsidiaries, totaling 36,275 shares[27] - The exercise price for the stock options is set at 1 yen per share, with a fair value of 58,892 yen per share on the grant date[27] - The company will issue new stock options in the event of a reorganization, ensuring that holders of unexercised options receive equivalent rights in the new entity[29] - The total capital paid in relation to the stock options is 29,446 yen for the first plan and 29,882 yen for the second plan[27][29]