FAST RE-DRS-NEW(06288) - 2020 - 年度财报

Financial Performance - Total revenue for the fiscal year ending August 31, 2020, was ¥2,008,846 million, a decrease of 12.3% compared to the previous year[7]. - Operating profit for the same period was ¥149,347 million, down 42.1% year-over-year[7]. - Profit attributable to owners of the parent company was ¥90,357 million, a decline of 44.4% from the previous year[7]. - Operating income for the fiscal year ending August 31, 2020, was ¥156,356 million, a decrease of 15.4% from the previous year[9]. - Net income for the same period was ¥62,422 million, down 41.1% compared to the previous year[9]. - The overall pre-tax profit for the fiscal year was ¥152.8 billion, a decrease of 39.4% year-on-year[49]. - The company recorded impairment losses of ¥23.0 billion for the fiscal year due to deteriorating performance caused by the pandemic[49]. - The company reported a total comprehensive income of ¥109,085 million for the year ended August 31, 2020, compared to ¥155,049 million in the previous year, a decrease of 29.6%[199]. Assets and Liabilities - Total assets increased to ¥2,411,990 million, up 19.9% from the previous year[7]. - Total liabilities rose to ¥1,415,910 million, an increase of 37.8% from ¥1,027,024 million in the previous year[195]. - Non-current assets significantly increased to ¥756,799 million, up from ¥372,384 million, marking a growth of 103.5%[195]. - Cash and cash equivalents at the end of the fiscal year were ¥1,093,531 million, reflecting a slight increase from ¥1,086,519 million in the previous year[7]. Employee and Workforce - The number of employees increased to 57,727, up from 56,523 in the previous year[7]. - The total number of employees across all divisions was 57,727 as of August 31, 2020, a decrease from 70,765 the previous year[27]. - The average annual salary for employees was 9,013 thousand JPY as of August 31, 2020[29]. - The increase in employee numbers was primarily due to new store openings, indicating ongoing market expansion efforts[27]. Market Expansion and Strategy - The company has been expanding its market presence, with significant historical milestones including the establishment of UNIQLO stores in various international locations[11]. - UNIQLO opened its first global flagship store in New York's Soho, covering over 3,300 square meters[13]. - The overseas UNIQLO business is a key growth driver, with plans to open numerous stores in Greater China, Southeast Asia, and Oceania, while also targeting profitability in the U.S. market[37]. - The company aims to become the world's leading digital consumer retail company in the apparel sector, focusing on expanding overseas UNIQLO and GU businesses, as well as e-commerce operations[33]. COVID-19 Impact - The company faced significant challenges during the fiscal year ending August 2020 due to the COVID-19 pandemic, which had a more severe impact on the global economy than the 2008 financial crisis[32]. - The COVID-19 pandemic has negatively impacted all business operations, leading to factory shutdowns, logistics delays, and reduced store operating hours[44]. - The group is actively expanding overseas business, increasing the proportion of overseas sales in total net sales[44]. - The group has implemented emergency measures based on expert advice to prevent the spread of COVID-19 among employees and customers[44]. Sustainability and Governance - The company is focused on sustainable development, addressing ESG issues such as labor conditions, human rights, and environmental protection in its production processes[40]. - The company aims to reduce plastic usage in shopping bags and product packaging by 85% (approximately 7,800 tons) by 2020[54]. - The company has established a sustainable development committee focusing on climate change, energy efficiency, and waste management[44]. - The company has established various committees, including the Sustainability Committee and the Disclosure Committee, to enhance governance and transparency[129]. Shareholder Information - The total dividend for the fiscal year remained at 480 yen per share, consisting of an interim dividend of 240 yen and a year-end dividend of 240 yen[122]. - The company aims to improve performance and distribute profits reasonably based on performance, maintaining a high dividend payout policy[122]. - The major shareholders include Masaru Yanai with 22,037 thousand shares (21.58%) and The Master Trust Bank of Japan, Ltd. with 20,785 thousand shares (20.36%) as of August 31, 2020[109]. Risk Management - The group has established a risk management committee directly overseen by the board, responsible for identifying significant risks and enhancing management systems[41]. - The company conducts regular risk analyses to identify potential financial losses, business interruptions, or damage to brand reputation, implementing measures to manage these risks[144]. - The company has established a liability limitation agreement with external directors and auditors, capping liability at 5 million yen or a higher statutory amount[140]. Corporate Governance - The board consists of nine members, including five external directors, enhancing the board's independence and supervisory functions[126]. - The company has established a strict internal control system to ensure compliance with group policies and regulations, enhancing operational legality and efficiency[141]. - The company emphasizes the importance of diverse opinions from external auditors and directors in its decision-making process[166].