April 8, 2021
Fast Retailing First-half
Results for September 2020
to February 2021, and Estimates for FY2021
Takeshi Okazaki
Fast Retailing Co., Ltd.
Group Senior Executive Officer & CFO
1
Contents
I. FY2021 First-half Business Results P 3 ~P21
II. Estimates for FY2021 | P22~P28 |
III. Reference materials | P29~P31 |
Disclosure of Corporate Performance
Following the Group's adoption of International Financial Reporting Standards (IFRS) from the year ending August 31, 2014, all data in this document are calculated using IFRS standards.
Business profit = Revenue - (Cost of sales + SG&A expenses)
Group Operations: | ||
UNIQLO Japan: | UNIQLO Japan operations | |
UNIQLO International: | All UNIQLO operations outside of Japan | |
GU: | All GU operations inside and outside Japan | |
Global Brands: | Theory, PLST, Comptoir des Cotonniers, Princesse tam.tam, J Brand | |
Consolidated results also include Fast Retailing Co., Ltd. performance and consolidated | ||
adjustments. | ||
A Note on Business Forecasts | ||
When compiling business estimates, plans and target figures in this document, the figures that | ||
are not historical facts are forward looking statements based on management's judgment in | ||
light of currently available information. These business forecasts, plans and target figures may | ||
vary materially from the actual business results depending on the economic environment, our | ||
response to market demand and price competition, and changes in exchange rates. | 2 |
Group: FY2021 1H Results
Large operating profit gain exceeds plan
Japan, Greater China region report large profit rises
Yr to Aug. 2020 | Yr to Aug. 2021 | |||
(6 mths to Feb.2020) | (6 mths to Feb.2021) | |||
y/y | ||||
Actual | Actual | |||
Revenue | 1,208.5 | 1,202.8 | -0.5% | |
(to revenue) | 100.0% | 100.0% | - | |
Gross profit | 576.7 | 600.4 | +4.1% | |
(to revenue) | 47.7% | 49.9% | +2.2p | |
SG&A | 438.7 | 420.7 | -4.1% | |
(to revenue) | 36.3% | 35.0% | -1.3p | |
Business profit | 137.9 | 179.7 | +30.2% | |
(to revenue) | 11.4% | 14.9% | +3.5p | |
Other income, expenses | -1.2 | -11.7 | - | |
(to revenue) | - | - | - | |
Operating profit | 136.7 | 167.9 | +22.9% | |
(to revenue) | 11.3% | 14.0% | +2.7p | |
Finance income, costs | 14.1 | 3.4 | -75.2% | |
(to revenue) | 1.2% | 0.3% | -0.9p | |
Profit before income taxes | 150.8 | 171.4 | +13.7% | |
(to revenue) | 12.5% | 14.3% | +1.8p | |
Profit attributable to | 100.4 | 105.8 | +5.4% | |
owners of the parent | ||||
(to revenue) | 8.3% | 8.8% | +0.5p |
Billions of
Yen
3
Group: FY2021 1H Operating Profit
Revenue | Average forex | ||||
¥1.2085trln→¥1.2028trln | impact ±0.0 % y/y | ||||
(-¥5.6bln) | USD | -3.7% | |||
UQ Japan | +¥28.9bln | RMB | +2.1% | ||
UQ International | -¥19.4bln | ||||
EUR | +4.0% | ||||
GU | +¥0.3bln | ||||
KRW | +0.8% | ||||
Global Brands | -¥15.5bln | ||||
¥1.2028trln | Total | ± 0.0% | |||
-0.5% | Gross profit margin | SG&A ratio | |||
47.7%→ 49.9% (+2.2p) | 36.3%→ 35.0% (-1.3p) |
UQ Japan | +2.9p |
UQ International | +2.9p |
GU | ±0.0p |
UQ Japan | -1.4p |
UQ International | -0.9p |
GU | -0.4p |
Impairment loss: ¥11.6bln
¥600.4bln ¥420.7bln
+4.1% -4.1%
(UNIQLO Intl.: ¥9.0bln, Global Brands ¥1.3bln, etc.)
¥179.7bln | -¥11.7bln | ¥167.9bln | |||||||||||||||
+30.2% | +22.9% | ||||||||||||||||
SG&A | Other | ||||||||||||||||
income/expenses | |||||||||||||||||
FY2021 | FY2021 | FY2021 | FY2021 | ||||||||||||||
1H | 1H | 1H | 1H | ||||||||||||||
Revenue | Gross profit | Business profit | Operating profit | 4 |
Group: FY2021 1H | Profit Attributable to |
Owners of the Parent | |
Value of foreign−currency denominated assets increased by ¥4.7bln | |||||||
September 1, 2020: | 1USD = 105.4JPY | ||||||
February 28, 2021: | 1USD = 106.2JPY | ||||||
¥167.9bln | ¥3.4bln | ¥171.4bln | |||||
+13.7% | ¥62.2bln | ||||||
+22.9% | |||||||
Net finance | |||||||
income | |||||||
¥109.2bln | ¥3.3bln | ||||||
+5.6% |
Income taxes | |||
Non−controlling | |||
assets |
- 105.8bln
+5.4%
FY2021 | FY2021 | FY2021 | FY2021 | |
1H | 1H | 1H | 1H | |
Operating | Profit before | Profit for the | Profit | |
profit | Income tax | period | attributable to | |
owners of the | ||||
parent | 5 |
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Fast Retailing Co. Ltd. published this content on 08 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 April 2021 06:31:05 UTC.