FAST RE-DRS-NEW(06288) - 2020 Q4 - 季度财报

Financial Performance - Total revenue for the first quarter of FY2021 was ¥619.7 billion, a decrease of 0.6% compared to the same period last year[5]. - Operating profit for the first quarter increased by 23.3% to ¥113.0 billion, despite a decline in revenue[7]. - Gross profit margin improved by 2.2 percentage points to 52.4% in the first quarter[7]. - Net profit attributable to the parent company was ¥70.4 billion, a decrease of 0.7% year-on-year[7]. - UNIQLO Japan's Q1 revenue reached ¥253.8 billion, an increase of 8.9% year-on-year, with operating profit rising by 55.8% to ¥60 billion[8]. - Same-store sales in Japan increased by 7.3%, driven by strong sales of homewear and seasonal items[8]. - Online store sales in Japan grew significantly by 48.3% to ¥36.7 billion[8]. - UNIQLO Overseas reported Q1 revenue of ¥260.6 billion, a decrease of 7.2%, while operating profit increased by 9.5% to ¥41.4 billion[9]. - The global brand segment reported Q1 revenue of ¥28 billion, down 22.3%, with an operating loss of ¥2 billion[11]. - For the three months ended November 30, 2020, the company reported revenues of ¥619,797 million, a slight decrease of 0.1% compared to ¥623,484 million for the same period in 2019[42]. - Operating profit decreased to ¥113,094 million, down 10.5% from ¥91,690 million year-over-year[42]. - The company reported a comprehensive income of ¥67,641 million for the three months ended November 30, 2020, compared to ¥110,125 million in the same period last year[43]. Assets and Liabilities - The total assets increased to ¥2,539.5 billion from ¥2,528.3 billion year-on-year[5]. - Cash and cash equivalents at the end of the period were ¥1,154.6 billion, up from ¥1,115.0 billion year-on-year[5]. - Total assets as of November 30, 2020, were ¥2,539,457 million, an increase from ¥2,411,990 million as of August 31, 2020[40]. - Total liabilities increased to ¥1,500,432 million from ¥1,415,910 million, indicating a rise in financial obligations[40]. - The company's equity totaled ¥1,039,025 million, up from ¥996,079 million, reflecting a growth in shareholder value[40]. Cash Flow - Operating cash flow for the three months ended November 30, 2020, was ¥1,403 billion, a 43.7% increase year-over-year[14]. - The net cash generated from operating activities was ¥140,334 million for the three months ended November 30, 2020, up from ¥97,650 million in the same period of 2019, indicating a 43.6% increase[49]. - Cash and cash equivalents as of November 30, 2020, were ¥11,546 billion, an increase of ¥610 billion from the previous fiscal year-end[13]. Business Strategy and Expansion - The company aims to expand its overseas UNIQLO and GU businesses, as well as global e-commerce operations[7]. - The company continues to open UNIQLO stores in various markets and flagship stores in major cities worldwide[7]. - The company plans to continue expanding its UNIQLO and GU brands both domestically and internationally, focusing on enhancing online sales channels[50]. - The company is investing in new technologies and product development to improve operational efficiency and customer experience[50]. Stock Options and Shareholder Information - The company granted stock options to 694 employees and 1,435 employees of its subsidiaries, totaling 22,306 stock options[26]. - The exercise price for the stock options is set at 1 yen per share, with a fair value of 78,237 yen and a paid-in capital of 39,119 yen on the grant date[26]. - The total number of issued shares as of November 30, 2020, is 106,073,656 shares[34]. - The company declared a dividend payment of ¥24,504 million during the period[47]. - Basic earnings per share for the period was ¥689.29, slightly down from ¥694.73 in the previous year[42]. Market Conditions and Challenges - The first quarter saw a net loss of ¥5.9 billion due to foreign exchange losses, impacting pre-tax profit which grew by 5.0% to ¥107.1 billion[7]. - The impact of COVID-19 is expected to continue affecting business operations, with a recovery anticipated by August 2021[52]. - The company experienced a decrease in retained earnings, which stood at ¥942,343 million as of November 30, 2019, down from ¥933,303 million at the beginning of the period[45]. Audit and Compliance - The financial statements have been prepared in accordance with International Accounting Standard 34[37]. - Deloitte Touche Tohmatsu LLC reviewed the quarterly financial statements for the three-month period ending November 30, 2020[38]. - Management is responsible for preparing the interim condensed consolidated financial statements in accordance with International Accounting Standard 34[85].