Fast Retailing Co. Ltd. Announces Consolidated Earnings Results for the First Quarter Ended November 30, 2017; Provides Consolidated Earnings Guidance for the Year Ending August 31, 2018
January 11, 2018 at 03:31 am
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Fast Retailing Co. Ltd. announced consolidated earnings results for the first quarter ended November 30, 2017. For the quarter, the group reported revenue of ¥617,026 million, operating profit of ¥113,901 million, profit before income taxes of ¥117,832 million and profit attributable to owners of the parent of ¥78,540 million or ¥768.99 per diluted share compared to revenue of ¥528,847 million, operating profit of ¥88,591 million, profit before income taxes of ¥104,204 million and profit attributable to owners of the parent of ¥69,695 million or ¥682.60 per diluted share reported in the same period last year. Net cash generated from operating activities was ¥120,056 million compared to ¥99,886 million a year ago. Payments of property, plant and equipment was ¥7,940 million against ¥8,703 million a year ago. Purchases of intangible assets were ¥3,110 million against ¥3,216 million a year ago.
For the year ending August 31, 2018, the consolidated company expects to report revenue of ¥2,050,000 million, operating profit of ¥200,000 million, profit before income taxes of ¥200,000 million and profit attributable to owners of the parent of ¥120,000 million or ¥1,176.66 per basic share.
Fast Retailing Co., Ltd. specializes in the distribution of clothes for men, women and children.
At the end of August 2023, the marketing of the products is ensured through a network of 3,578 stores broken down by name mainly between Uniqlo (2,434), G.U. (463), Theory (436), Comptoir des Cotonniers (108), Princesse Tam.Tam (85) and PLST (52).
Net sales are distributed geographically as follows: Japan (43.7%), China (18.2%), and other (38.1%).
Fast Retailing Co. Ltd. Announces Consolidated Earnings Results for the First Quarter Ended November 30, 2017; Provides Consolidated Earnings Guidance for the Year Ending August 31, 2018