FAST RE-DRS-NEW(06288) - 2024 - 年度财报

Financial Performance - Total revenue for the fiscal year 2023/24 is projected to reach ¥3,103,836 million, representing a 12.2% increase from ¥2,766,557 million in the previous year[5]. - Operating profit is expected to grow to ¥500,904 million, up 31.7% from ¥381,090 million in the prior year[5]. - Profit attributable to owners of the parent is forecasted at ¥371,999 million, a 25.6% increase compared to ¥296,229 million in the last fiscal year[5]. - Operating income for the fiscal year ending August 31, 2024, is projected to be ¥438,206 million, representing a 33.5% increase from ¥327,932 million in the previous year[7]. - Net income for the fiscal year ending August 31, 2024, is expected to reach ¥306,135 million, up from ¥209,145 million, indicating a growth of 46.5%[7]. - Consolidated operating profit amounted to ¥500.9 billion, a significant year-over-year growth of 31.4%, achieving the highest performance level in history[118]. - The net income before tax for the group was ¥557.2 billion, reflecting a 27.2% increase compared to the previous year[118]. Assets and Cash Flow - The total assets are anticipated to rise to ¥3,587,565 million, reflecting an increase of 8.6% from ¥3,303,694 million[5]. - The cash and cash equivalents at year-end are projected to be ¥1,193,560 million, an increase from ¥903,280 million last year[5]. - The net cash generated from operating activities is projected to be ¥651,521 million, a significant increase from ¥463,216 million in the previous year[5]. - As of August 31, 2024, cash and cash equivalents amounted to ¥1,193.5 billion, an increase of ¥290.2 billion from the previous fiscal year-end[132]. - Operating cash flow for the year ending August 31, 2024, was ¥651.5 billion, up from ¥463.2 billion in the previous year, driven by a pre-tax profit of ¥557.2 billion[132]. Employee and Workforce - The company has reported an increase in the number of employees to 60,454, up from 59,871 in the previous year[5]. - The number of employees is projected to decrease to 1,601 in the fiscal year ending August 31, 2024, down from 1,707[7]. - The total number of employees across all divisions reached 60,454, an increase from 52,145 in the previous year[30]. - The average salary for employees in the company was 11,792 thousand yen[31]. - The employment rate of disabled individuals in Japan reached 4.91% in 2024, exceeding the legal requirement of 2.5%[88]. - The employee engagement survey for 2024 resulted in a composite index of 74.7%, with a response rate of 89% from 34,556 out of 38,770 surveyed employees[106][107]. Market Expansion and Strategy - The company aims to enhance its market presence through new product development and strategic expansions[5]. - UNIQLO opened its first store in Luxembourg in October 2023[15]. - The company established a global flagship store in Beijing, China in November 2021[15]. - UNIQLO launched a new roadside store in Maebashi, Japan in April 2023[15]. - Fast Retailing plans to open approximately 150 new UNIQLO stores overseas with a capital investment of ¥101,200 million for the fiscal year 2025[159]. - The company aims to open around 30 new UNIQLO stores in Japan with a capital investment of ¥8,100 million for the fiscal year 2025[159]. Sustainability and Environmental Initiatives - The company is pursuing a sustainable business model that includes reducing greenhouse gas emissions and promoting recycling and reuse by the fiscal year ending August 2030[43]. - The company aims to reduce greenhouse gas emissions by 90% by 2030 compared to 2019 levels[64]. - As of August 2023, the company's greenhouse gas emissions have decreased by 69.4% compared to August 2019, with renewable energy usage at 67.6%[64]. - The company has set specific goals and KPIs for reducing greenhouse gas emissions and waste, using recycled materials, and ensuring traceability in its supply chain management[58]. - The company has initiated the "RE.UNIQLO" program to promote a circular economy through initiatives like clothing repair, donation, and recycling[62]. - UNIQLO's RE.UNIQLO initiative aims to promote a circular economy through activities such as REDUCE, REUSE, and RECYCLE, with plans to expand repair services to over 60 stores by December 2024[73]. Financial Strategy and Investments - The company aims to achieve revenue of 3 trillion yen by the end of the fiscal year ending August 2024, with significant growth in customer base in Europe and the United States[40]. - The mid-term target is to reach 5 trillion yen in revenue by the end of the fiscal year ending August 2028, focusing on achieving a double-digit annual growth rate[41]. - The total capital investment for the year was ¥112.1 billion, an increase of ¥10 billion from the previous year, including ¥57.6 billion for overseas UNIQLO operations[118]. - The financial strategy focuses on maximizing free cash flow while maintaining a stable financial condition and ensuring necessary growth investment funds[144]. - The company has raised ¥500 billion through corporate bond financing to diversify funding sources and enhance capital efficiency[144]. Risk Management - The company has established a risk management committee to identify and manage potential business risks[63]. - The group has identified significant risks that could severely impact its operational performance and financial condition, including management personnel risks and environmental risks[112]. - The risk management committee is chaired by the group's CFO and is responsible for centralized management of risks across the company[110]. - The group is committed to reducing greenhouse gas emissions and improving energy efficiency as part of its climate change response strategy[113]. Corporate Governance and Shareholder Information - The company has a stock option plan for its employees, with various tranches of stock options issued over the years[166]. - The total number of issued shares as of November 29, 2024, is 318,220,968[162]. - Major shareholders include The Master Trust Bank of Japan, Ltd. with 66,701 thousand shares (21.75%) and Custody Bank of Japan, Ltd. with 32,446 thousand shares (10.58%) as of August 31, 2024[200]. - The company has a policy that if a stock option holder waives their right to purchase shares, the options will become invalid[171].