FAST RE-DRS-NEW(06288) - 2024 Q1 - 季度业绩

Financial Performance - For the three months ended November 30, 2023, the company reported revenue of ¥810,833 million, representing a 13.2% increase year-over-year[2]. - Operating profit for the same period was ¥146,686 million, reflecting a 25.3% increase compared to the previous year[2]. - Profit before tax increased by 28.1% to ¥162,471 million, while net profit attributable to shareholders rose by 26.7% to ¥107,800 million[2]. - The total comprehensive income for the three months ended November 30, 2023, was 152.2 billion JPY, significantly higher than 77.7 billion JPY for the same period in 2022, reflecting strong performance across various segments[24]. - For the three months ending November 30, 2023, the company reported a profit of ¥107,800 million, an increase from ¥85,074 million in the previous period, representing a growth of 26.8%[26]. - Basic earnings per share for the three months ended November 30, 2023, were ¥351.50, up from ¥277.49 in the same period of 2022, indicating an increase of 26.6%[41]. Assets and Liabilities - Total assets as of November 30, 2023, amounted to ¥3,434,987 million, with total equity of ¥1,936,455 million, resulting in an equity-to-assets ratio of 54.8%[4]. - Total liabilities as of November 30, 2023, reached ¥14,985 billion, up by ¥681 billion from the previous fiscal year-end[19]. - Total equity as of November 30, 2023, was ¥19,364 billion, reflecting an increase of ¥630 billion compared to the previous fiscal year-end[19]. - The total assets as of November 30, 2023, amounted to 3,434.9 billion JPY, an increase from 3,303.7 billion JPY as of August 31, 2023[23]. - Total liabilities as of November 30, 2023, were 1,498.5 billion JPY, down from 1,430.3 billion JPY, indicating a reduction in overall liabilities[23]. Revenue Segments - The overseas UNIQLO segment reported revenue of 441.3 billion JPY, a 23.3% increase year-over-year, with operating profit rising 35.8% to 77.8 billion JPY[11]. - The Japan UNIQLO segment achieved revenue of 244.4 billion JPY, a 1.5% increase, and operating profit of 46.5 billion JPY, up 18.0% year-over-year[10]. - The GU segment's revenue totaled 87.8 billion JPY, reflecting a 10.7% increase, with operating profit rising 16.4% to 12.3 billion JPY[13]. - Revenue from Japan was ¥244,498 million, accounting for 30.2% of total revenue, while Greater China contributed ¥180,347 million, representing 22.2%[34]. - The UNIQLO business generated ¥685,817 million, making up 84.6% of total revenue, compared to 83.6% in the previous year[34]. Cash Flow and Investments - Operating cash flow for the three months ended November 30, 2023, generated a net cash amount of ¥1,071 billion, a significant increase from a net cash amount of ¥13 billion for the same period in 2022[20]. - For the three months ended November 30, 2023, the net cash used in investing activities was 44.4 billion JPY, a decrease from 376.3 billion JPY for the same period in 2022[21]. - The net cash used in financing activities for the three months ended November 30, 2023, was 88.9 billion JPY, compared to 69.1 billion JPY for the same period in 2022, primarily due to cash dividends paid of 50.5 billion JPY and lease liabilities repayment of 38.0 billion JPY[21]. - The cash generated from operating activities for the three months ended November 30, 2023, was ¥107,184 million, a significant improvement from a cash usage of ¥1,309 million in the same period last year[27]. Future Outlook - The company forecasts revenue of ¥3,050,000 million for the fiscal year ending August 31, 2024, which represents a 10.2% increase[6]. - Operating profit is projected to be ¥450,000 million, an 18.1% increase year-over-year[6]. - The company plans to distribute a total dividend of ¥330.00 per share for the fiscal year ending August 31, 2024, with an interim dividend of ¥165.00[5]. - The company aims to enhance its digital retail capabilities and diversify global revenue sources while focusing on sustainable business models[9]. - The company plans to continue expanding its market presence in Greater China and Southeast Asia, focusing on enhancing e-commerce capabilities[34]. Sustainability Initiatives - The proportion of recycled materials used in the 2023 planned products rose to 8.5%, with approximately 30% of polyester being recycled polyester[17]. - The company aims to reduce greenhouse gas emissions from its self-operated stores and offices by 90% and from its supply chain by 20% by 2030, compared to 2019 levels[17]. - The company has established a new global partnership with UNHCR, committing to donate a total of $6 million (approximately ¥900 million) over four years to support global refugee issues[17]. - The company plans to expand its "RE.UNIQLO" initiative, with 40 stores opened in 18 countries by the end of November 2023, aiming to increase to over 50 stores globally in 2024[16]. - The company has implemented a "Production Partner Code of Conduct" with major textile factories to monitor labor conditions as of August 2023[16]. Stock and Shareholder Information - As of November 30, 2023, the total number of issued shares was 318,220,968, with treasury shares amounting to 11,521,647[8]. - The company declared dividends amounting to ¥50,600 million, compared to ¥34,744 million in the previous period, reflecting a 45.7% increase[26]. - The company’s stock repurchase activity resulted in a net change of ¥0 million, indicating no significant buyback activity during the period[26]. - The company has implemented a stock split at a ratio of 1:3 effective March 1, 2023, which will affect the calculation of earnings per share going forward[42].