FAST RE-DRS-NEW(06288) - 2022 Q2 - 季度财报

Financial Performance - Total revenue for the first three quarters of the fiscal year 2022 reached ¥1,765,106 million, representing a 3.9% increase year-over-year[4] - Operating profit for the same period was ¥271,084 million, a 19.0% increase compared to the previous year[4] - Profit attributable to owners of the parent company was ¥237,836 million, reflecting a year-over-year growth of 57.1%[4] - Earnings per share (basic) for the nine-month period was ¥2,327.96, up from ¥1,482.08 in the previous year[4] - Total revenue for the nine months ended May 31, 2022, was ¥1,698,082 million, a decrease of 3.8% compared to ¥1,765,106 million for the same period in 2021[33] - Gross profit for the nine months ended May 31, 2022, was ¥858,836 million, down from ¥927,959 million, reflecting a decline of 7.4%[33] - Operating profit for the nine months ended May 31, 2022, was ¥227,897 million, a decrease of 15.9% from ¥271,084 million in the previous year[33] - Net profit for the nine months ended May 31, 2022, was ¥156,876 million, down 36.5% from ¥247,541 million for the same period in 2021[32] - Basic earnings per share for the three months ended May 31, 2022, was ¥1,482.08, compared to ¥2,327.96 for the same period in 2021[32] Assets and Liabilities - The total assets increased to ¥2,859,574 million, compared to ¥2,492,263 million in the previous year[4] - Total liabilities as of May 31, 2022, were ¥13,692 billion, reflecting an increase of ¥215 billion from the previous fiscal year-end[15] - Net assets totaled ¥14,903 billion as of May 31, 2022, up by ¥3,280 billion compared to the previous fiscal year-end, driven by retained earnings increasing by ¥1,847 billion[15] - Cash and cash equivalents reached ¥13,689 billion as of May 31, 2022, an increase of ¥1,911 billion from the previous fiscal year-end[16] - Total liabilities as of May 31, 2022, were ¥1,369,250 million, slightly up from ¥1,347,678 million as of August 31, 2021[31] - Cash and cash equivalents increased to ¥1,368,912 million as of May 31, 2022, from ¥1,177,736 million as of August 31, 2021[31] - Inventory decreased to ¥351,718 million as of May 31, 2022, from ¥394,868 million as of August 31, 2021, reflecting a decline of 10.9%[31] Regional Performance - Japan UNIQLO's total revenue for the first three quarters was 640.9 billion JPY, a decrease of 5.1% year-on-year, while operating profit was 119 billion JPY, down 0.4%[9] - Overseas UNIQLO's total revenue for the first three quarters reached 841.2 billion JPY, an increase of 13.7% year-on-year, with operating profit of 132.7 billion JPY, up 35.8%[10] - The Southeast Asia, South Asia, and Oceania regions saw significant revenue and profit growth, while the Greater China region experienced a substantial decline due to COVID-19 restrictions[10] - Revenue from the Japan market for the nine months ended May 31, 2022, was ¥640,972 million, accounting for 36.3% of total revenue, down from 39.8% in the previous year[58] - The Greater China region generated revenue of ¥410,769 million, representing 23.3% of total revenue, a decrease from 25.4% in the prior year[58] Strategic Initiatives - The company aims to expand its global e-commerce and physical store presence, particularly for its UNIQLO and GU brands[8] - The company is integrating online and offline services to enhance customer experience and streamline inventory management[8] - The company plans to open flagship stores in major cities worldwide to promote its "LifeWear" concept[8] - The company aims to reduce water usage by 10% in high-risk areas by the end of 2025, based on 2021 water risk assessment results[14] - The company donated 10 million USD (approximately 1.15 billion JPY) for humanitarian support in Ukraine and provided 100,000 items of clothing[14] - The company is implementing measures to achieve 50% female representation in management and has conducted health awareness seminars for employees[14] Cash Flow and Investments - The company reported a net cash generated from operating activities of ¥338,630 million for the nine-month period[4] - Operating cash flow for the nine months ended May 31, 2022, was ¥3,386 billion, down from ¥3,672 billion in the same period the previous year[16] - Investment cash flow for the nine months ended May 31, 2022, was a net outflow of ¥907 billion, compared to a net outflow of ¥657 billion in the same period the previous year[16] - Financing cash flow for the nine months ended May 31, 2022, was a net outflow of ¥1,748 billion, down from ¥2,627 billion in the same period the previous year[16] Comprehensive Income - The total comprehensive income for the nine months ended May 31, 2022, was ¥418,754 million, a significant increase from ¥217,748 million for the same period in 2021, representing an increase of approximately 92%[35] - The total comprehensive income attributable to the parent company for the nine months ended May 31, 2022, was ¥402,431 million, up from ¥209,635 million in the previous year, indicating an increase of approximately 92%[36] - The other comprehensive income for the nine months ended May 31, 2022, totaled ¥171,212 million, compared to ¥60,871 million for the same period in 2021, marking an increase of about 181%[35] - The total comprehensive income for the three months ended May 31, 2022, was ¥216,897 million, compared to ¥85,214 million for the same period in 2021, indicating an increase of approximately 155%[37] Impairment and Inventory Management - The company reported a significant reduction in inventory write-downs to ¥6,503 million for the nine months ended May 31, 2022, compared to ¥11,542 million for the same period in 2021[48] - The impairment loss for the nine months ended May 31, 2022, was ¥14,927 million, a decrease from ¥17,577 million for the same period in 2021, reflecting a reduction of approximately 15.5%[50] - The impairment loss primarily resulted from the decline in profitability of several stores, including flagship stores, due to the ongoing impact of the COVID-19 pandemic[51] Future Outlook - The company anticipates continued recovery trends in most countries, including Japan, despite ongoing impacts from the COVID-19 pandemic[43] - The company continues to assess new strategies for market expansion and product development in response to changing consumer behaviors post-pandemic[53] - The company plans to continue monitoring the impact of COVID-19 on store operations and profitability, with expectations of a recovery trend in most regions[53]