FAST RE-DRS-NEW(06288) - 2024 Q1 - 季度财报

Financial Performance - Consolidated revenue for Q1 FY2024 reached ¥810.83 billion, a 13.2% increase year-over-year[6] - Operating profit for Q1 FY2024 was ¥146.69 billion, reflecting a 25.3% year-over-year growth[6] - Pre-tax profit for the quarter was ¥162.47 billion, up 28.1% compared to the previous year[6] - Net profit attributable to the parent company was ¥107.80 billion, a 26.7% increase year-over-year[6] - Gross profit margin improved by 1.5 percentage points to 54.6%[6] - Total revenue for the three months ended November 30, 2023, was ¥810,833 million, an increase from ¥716,393 million for the same period in 2022, representing a growth of approximately 13.2%[31] - Operating profit increased to ¥146,686 million from ¥117,077 million, reflecting a growth of approximately 25.4%[31] - Net profit attributable to the parent company was ¥107,800 million, compared to ¥85,074 million in the previous year, marking a rise of about 26.7%[31] - Basic earnings per share rose to ¥351.50 from ¥277.49, an increase of approximately 26.6%[31] Assets and Liabilities - The total assets increased to ¥3,434.99 billion, up from ¥3,196.82 billion year-over-year[4] - Total assets as of November 30, 2023, amounted to ¥3,434,987 million, up from ¥3,303,694 million[30] - Total liabilities increased to ¥1,498,532 million from ¥1,430,333 million, reflecting a growth of approximately 4.8%[30] - Total liabilities as of November 30, 2023, were ¥14,985 billion, an increase of ¥681 billion from the previous fiscal year-end[14] - Total equity as of November 30, 2023, reached ¥19,364 billion, an increase of ¥630 billion from the previous fiscal year-end[14] Cash Flow - Operating cash flow for the three months ended November 30, 2023, generated a net cash of ¥1,071 billion, compared to a net cash usage of ¥13 billion for the same period in 2022[15] - Investment cash flow for the three months ended November 30, 2023, resulted in a net cash usage of ¥444 billion, down from ¥3,763 billion for the same period in 2022[16] - Financing cash flow for the three months ended November 30, 2023, showed a net cash usage of ¥889 billion, compared to a net cash usage of ¥691 billion for the same period in 2022[17] Segment Performance - The Japan UNIQLO segment reported revenue of ¥244.4 billion, a 1.5% increase year-over-year, with operating profit of ¥46.5 billion, up 18.0%[7] - UNIQLO's overseas business segment reported total revenue of ¥441.3 billion, a year-on-year increase of 23.3%, and operating profit of ¥77.8 billion, up 35.8%[8] - All regions under UNIQLO's overseas segment experienced significant revenue and profit growth, particularly in North America and Europe, despite a sluggish demand for winter clothing due to warm weather[8] - GU's business segment achieved total revenue of ¥87.8 billion, a year-on-year increase of 10.7%, and operating profit of ¥12.3 billion, up 16.4%[9] - The global brand segment reported total revenue of ¥36.6 billion, a year-on-year decrease of 2.4%, and operating profit of ¥300 million, down 43.9%[10] Sustainability Initiatives - The group aims to achieve a 90% reduction in greenhouse gas emissions from self-operated stores and offices by 2030 compared to 2019 levels[12] - The group has launched the "RE.UNIQLO" initiative for recycling and reusing products, with 40 stores opened globally by the end of November 2023, aiming to expand to over 50 stores in 2024[11] - The group is focusing on improving supply chain transparency and labor conditions, with monitoring measures implemented in major textile factories[12] - The group has set a goal to replace approximately 50% of materials used with recycled materials by 2030[12] - The proportion of recycled materials used has increased to 8.5%, with approximately 30% of recycled polyester used in production[13] Shareholder Returns - The company declared dividends amounting to ¥50,600 million during the period, reflecting a commitment to returning value to shareholders[34] - The company engaged in share buybacks, purchasing treasury shares valued at ¥0 during the period, indicating a strategic pause in this area[34] Other Financial Information - The company has not reported any significant changes in accounting estimates or assumptions for the three months ended November 30, 2023[18] - The company plans to increase its annual clothing donations to global refugee camps from approximately 7 million pieces to 10 million pieces[13] - The company has established a new global partnership with UNHCR, committing a total of $6 million (approximately ¥900 million) over four years to support global refugee issues[13] - The company reported a significant increase in trade and other payables from ¥38,315 million to ¥61,067 million, an increase of 59.5%[35] - The company reported a total of ¥16,667 million in capital commitments as of November 30, 2023, down from ¥19,560 million as of August 31, 2023[60]