FAST RE-DRS-NEW(06288) - 2020 Q1 - 季度财报

Financial Performance - Total revenue for the six-month period ending February 29, 2020, was ¥1,208,512 million, a decrease of 4.7% compared to the previous year[6]. - Operating profit for the same period was ¥136,736 million, down 20.9% year-on-year[6]. - Profit attributable to owners of the parent for the six-month period was ¥100,459 million, a decrease of 11.9% compared to the previous year[6]. - Japan UNIQLO's revenue for the first half of the fiscal year was 463.5 billion JPY, a decrease of 5.7% year-on-year, while profit increased by 5.7% to 71.6 billion JPY[10]. - Overseas UNIQLO's revenue decreased by 6.7% year-on-year to 541.2 billion JPY, with profit dropping significantly by 39.8% to 53.2 billion JPY, primarily due to COVID-19 impacts[11]. - The company reported a pre-tax profit of ¥150.8 billion, a decrease of ¥23.3 billion compared to the previous year[17]. - The company reported a gross profit of ¥576,790 million for the six months ended February 29, 2020, down from ¥606,773 million in the previous year, a decrease of approximately 4.9%[41]. - The company reported a net profit attributable to owners of the parent of ¥100,459 million for the six months ended February 29, 2020, compared to ¥114,029 million in the previous period[94]. Assets and Liabilities - The total assets as of February 29, 2020, amounted to ¥2,454,296 million, an increase from ¥2,015,201 million the previous year[6]. - Total liabilities increased to 1,389.5 billion JPY, up by 362.4 billion JPY, primarily due to an increase in lease liabilities[15]. - The total equity attributable to the parent company as of February 28, 2019, was ¥862,936 million, up from ¥902,777 million, showing a decrease of about 4.4%[47]. - The company’s total liabilities decreased from ¥473,442 million as of August 31, 2019, to ¥469,262 million as of February 29, 2020[96]. Cash Flow - The net cash generated from operating activities was ¥236,680 million, compared to ¥230,899 million in the previous year[6]. - The net cash generated from operating activities for the six months ended February 29, 2020, was ¥236.6 billion, an increase of ¥5.7 billion or 2.5% compared to the same period last year[17]. - The net cash used in investing activities for the six months ended February 29, 2020, was ¥58.8 billion, a decrease of ¥0.8 billion or 1.4% compared to the same period last year[18]. - The net cash used in financing activities for the six months ended February 29, 2020, was ¥99.1 billion, an increase of ¥35.9 billion or 56.9% compared to the same period last year[19]. - Cash and cash equivalents as of February 29, 2020, were 1,184.3 billion JPY, reflecting an increase of 97.7 billion JPY from the previous fiscal year-end[16]. Market Expansion and Strategy - The company aims to expand its overseas UNIQLO and GU businesses, focusing on major cities and flagship stores[9]. - The company plans to continue expanding its UNIQLO and GU brands both domestically and internationally, focusing on enhancing product offerings and market presence[53]. - The company plans to invest a total of ¥2,085 million in the UNIQLO TOKYO store, with a planned completion date in May 2020[23]. Impact of COVID-19 - The company is experiencing significant revenue and profit declines in South Korea and Greater China due to COVID-19[9]. - Due to the COVID-19 pandemic, the company temporarily closed all 28 stores in Singapore starting April 7, 2020, and other stores across various countries, impacting overall business operations[101]. - The company has not been able to reasonably estimate the financial impact of the COVID-19 pandemic on its operations for the fiscal year due to the uncertainty surrounding the situation[101]. Shareholder Information - As of February 29, 2020, the total number of issued shares was 106,073,656[27]. - Major shareholders include Tadashi Yanai with 21.59% ownership and The Master Trust Bank of Japan, Ltd. with 19.69% ownership[29]. - The company holds 3,991,435 treasury shares, accounting for 3.76% of the total issued shares[36]. Financial Reporting and Standards - The company’s financial statements are prepared in accordance with international accounting standards[36]. - Deloitte Touche Tohmatsu LLC reviewed the quarterly and interim financial statements for the three and six months ended February 29, 2020[37]. - Management is responsible for preparing and presenting the interim condensed consolidated financial statements in accordance with IFRS 34[105].