FAST RE-DRS-NEW(06288) - 2019 - 年度财报

Financial Performance - Total revenue for the fiscal year 2018/19 reached ¥2,290,548 million, an increase of 7.5% compared to the previous year[7]. - Operating profit for the same period was ¥257,636 million, reflecting a growth of 9.1% year-over-year[7]. - Profit attributable to owners of the parent company was ¥162,578 million, up 5.4% from the prior year[7]. - The total comprehensive income for the fiscal year ending August 31, 2019, was ¥2,290.5 billion, representing a 7.5% increase year-over-year[51]. - The operating profit for the same period was ¥257.6 billion, a year-over-year increase of 9.1%, marking the best performance in history[51]. - The total revenue for the overseas UNIQLO segment reached ¥1,026.0 billion, a 14.5% year-over-year increase, with operating profit rising by 16.8% to ¥138.9 billion[53]. - The revenue from the Greater China region amounted to ¥502.5 billion, reflecting a 14.3% year-over-year growth, while operating profit increased by 20.8% to ¥89.0 billion[54]. - The total revenue for the global brand segment was ¥149.9 billion, a year-on-year decrease of 2.9%, while operating profit was ¥3.6 billion, compared to a loss of ¥4.1 billion in the previous year[56]. Assets and Liabilities - The total assets increased to ¥2,010,558 million, marking a rise of 2.9% compared to the previous fiscal year[7]. - Total assets increased to ¥1,054,758 million, up 6.2% from ¥993,413 million in the previous year[9]. - Total liabilities decreased by ¥23.6 billion to ¥1,027.0 billion, primarily due to a reduction in trade and other payables[70]. - Total net assets increased by ¥80.7 billion to ¥983.5 billion, driven by an increase in retained earnings[71]. Employee and Operational Metrics - The number of employees rose to 56,523, an increase of 7.3% year-over-year[7]. - The total number of employees across all divisions was 56,523 as of August 31, 2019, reflecting an increase due to new store openings[28]. - The average number of employees was 105,588, with sales per employee reaching 16,899 thousand yen, a 1.6% increase from the previous year[65]. - The total number of UNIQLO sales units in Japan was 841,600, which is a slight increase from 834,941 units in the previous year[63]. Cash Flow and Investments - Cash and cash equivalents at the end of the fiscal year stood at ¥1,086,519 million, up from ¥999,697 million in the previous year[7]. - Operating cash flow for the year ended August 31, 2019, was ¥300.5 billion, an increase of 70.4% compared to the previous year, driven by a decrease in inventory by ¥38.1 billion[59]. - Investment cash flow for the year ended August 31, 2019, was a net outflow of ¥78.7 billion, an increase of 37.7% from the previous year, primarily due to purchases of property, plant, and equipment totaling ¥41.5 billion[60]. - The total comprehensive capital investment for the fiscal year was ¥85.2 billion, an increase of ¥15.8 billion compared to the previous year[51]. Market Expansion and Strategy - The company plans to continue expanding its market presence and investing in new product development[7]. - The overseas UNIQLO business is a key growth driver, with plans to significantly expand new store openings in Greater China, Southeast Asia, and Oceania, while aiming for profitability in the U.S. market[36]. - The company aims to expand its e-commerce business and open flagship stores in major cities globally as part of its mid-term vision to become the world's leading apparel retail manufacturer[51]. - Fast Retailing aims to enhance its operational efficiency and explore potential mergers and acquisitions to drive growth[7]. Sustainability and Corporate Governance - The company is committed to addressing sustainability challenges in the apparel industry, focusing on labor conditions, environmental protection, and corporate governance[39]. - The company established a Human Rights Committee in July 2018 to address human rights issues throughout the supply chain[58]. - The company aims to implement a new technology in denim production that significantly reduces water usage by 2020 across all brands[57]. - The company has partnered with the UN Women to improve the status of women in the apparel industry as part of its sustainability efforts[57]. Risks and Challenges - The company faces risks related to management personnel, competition, reliance on specific geographic production locations, and potential adverse effects from acquisitions[40][41][42][43][44]. - Currency risk is a concern, as most products imported through UNIQLO are priced in USD, which could impact long-term operational performance if exchange rates fluctuate significantly[46]. - The company is subject to various regulatory risks, including product liability and consumer protection laws, which could negatively affect its operations and customer trust[48]. Stock Options and Shareholder Information - The company has a total of 106,073,656 issued ordinary shares as of August 31, 2019[89]. - Major shareholders include Masahiro Yanai with 22,037 thousand shares (21.59%) and The Master Trust Bank of Japan, Ltd. with 21,012 thousand shares (20.59%) as of August 31, 2019[117]. - The total number of shares held by the top ten shareholders amounts to 83,841 thousand shares, representing 82.15% of the total issued shares[117]. - The total dividend for the fiscal year is 480 JPY, an increase of 40 JPY from the previous year, consisting of an interim dividend of 240 JPY and a final dividend of 240 JPY[131]. Governance and Management - The board consists of nine members, including five external directors, ensuring a majority of independent oversight[135]. - The company has established various committees, including the Human Resources Committee and the Sustainability Committee, to enhance governance and address key organizational changes and sustainable development policies[136][137]. - The company emphasizes transparency in management through the Disclosure Committee, which held 15 meetings in the fiscal year to ensure timely and accurate information disclosure[138]. - The company has a robust internal control system, with external auditors actively participating in board discussions to enhance oversight[135].