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FAST RETAILING CO., LTD. 迅銷有限公司 (Incorporated in Japan with Limited Liability) (Stock Code:6288)

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FAST RETAILING CO., LTD. 迅銷有限公司 (Incorporated in Japan with Limited Liability) (Stock Code:6288) Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. FAST RETAILING CO., LTD. 迅銷有限公司 (Incorporated in Japan with limited liability) (Stock Code:6288) THIRD QUARTERLY RESULTS ANNOUNCEMENT FOR THE NINE MONTHS ENDED 31 MAY 2015 AND RESUMPTION OF TRADING The board (the “Board”) of directors (the “Directors”) of FAST RETAILING CO., LTD. (the “Company”) is pleased to announce the consolidated results of the Company and its subsidiaries (collectively the “Group”) for the nine months ended 31 May 2015. At the request of the Company, trading in its Hong Kong depositary receipts on the Stock Exchange was halted with effect from 1:00 p.m. on Thursday, 9 July 2015, pending the release of this announcement. An application will be made by the Company to the Stock Exchange for resumption of trading in the Hong Kong depositary receipts with effect from 9:00 a.m. on Friday, 10 July 2015. (Amounts are rounded down to the nearest million Japanese Yen unless otherwise stated) 1. CONSOLIDATED RESULTS (1) Consolidated Operation Results (1 September 2014 to 31 May 2015) (Percentages represent year-on-year changes) Profit before Revenue Operating profit Profit for the period income taxes Millions Millions Millions Millions % % % % of yen of yen of yen of yen Nine months ended 31 May 2015 1,348,114 23.9 189,274 35.5 210,282 47.1 140,009 52.2 Nine months ended 31 May 2014 1,088,032 — 139,704 — 142,930 — 91,984 — Profit attributable to Total comprehensive Basic earnings Diluted earnings owners of the parent income for the period per share per share Millions Millions % % Yen Yen of yen of yen Nine months ended 31 May 2015 132,364 51.5 243,316 169.8 1,298.60 1,296.99 Nine months ended 31 May 2014 87,344 — 90,195 — 857.12 856.29 1 (2) Consolidated Financial Positions Ratio of equity Equity Equity attributable to per share attributable to Total assets Total equity owners of attributable to owners the parent to owners of the parent total assets of the parent Millions of Millions of Millions of % Yen yen yen yen As at 31 May 2015 1,270,600 846,916 820,414 64.6 8,048.03 As at 31 August 2014 992,307 636,041 618,381 62.3 6,067.40 2. DIVIDENDS Dividend per share First Second Third (Declaration date) quarter quarter quarter Year-end Total period end period end period end Yen Yen Yen Yen Yen Year ended 31 August 2014 — 150.00 — 150.00 300.00 Year ending 31 August 2015 — 175.00 — Year ending 31 August 2015 (forecast) 175.00 350.00 (Note) Revisions during this quarter of dividends forecast for fiscal year: None 3. CONSOLIDATED BUSINESS RESULTS PROJECTION FOR YEAR ENDING 31 AUGUST 2015 (1 SEPTEMBER 2014 TO 31 AUGUST 2015) (% shows rate of increase/decrease from previous period) Revenue Operating profit Profit before income taxes Profit for the period Millions Millions Millions Millions % % % % of yen of yen of yen of yen Full Year 1,650,000 19.3 200,000 53.4 211,500 56.1 130,000 63.9 Profit attributable to Basic earnings per share owners of the parent Millions % Yen of yen Full Year 120,000 61.0 1,177.41 (Note) Revisions during this quarter of consolidated business results projection for year ending 31 August 2015: None 2 * Notes (1) Changes of principal subsidiaries in the period: None (2) Changes in accounting policies, changes in accounting estimates and restatement of prior period financial statements after error corrections: (i) Changes in accounting policies to conform with IFRS: None (ii) Other changes in accounting policies: None (iii) Change in accounting estimates: None (3) Total number of issued shares (Common stock) (i) Number of issued shares As at 31 May 2015 106,073,656 shares As at 31 August 2014 106,073,656 shares (including treasury stock) (ii) Number of treasury stock As at 31 May 2015 4,133,873 shares As at 31 August 2014 4,155,045 shares (iii) Average number of issued shares For nine months ended 101,928,795 shares For nine months ended 101,905,654 shares 31 May 2015 31 May 2014 * Indication concerning status of implementation of quarterly review procedures: This third quarterly results announcement is not subject to quarterly review procedures pursuant to the Financial Instruments and Exchange Act of Japan, and such procedures are being undertaken concerning the quarterly condensed consolidated financial statements upon release of this third quarterly results announcement. *Explanation and other notes concerning proper use of consolidated business results projection: Statements made in these materials such as those pertaining to future matters such as business projections are based on information presently available to the Company and certain assumptions determined to be reasonable. Actual business results may vary substantially depending on a variety of factors. For the background, assumptions and other matters regarding business results projection, please refer to P. 6 “(3) Qualitative Information Concerning Consolidated Business Results Projection”. 3 1. Business Results (1) Results of Operations The Fast Retailing Group reported increases in both revenue and profit during the first nine months of fiscal year 2015, or the period spanning 1 September 2014 to 31 May 2015. Consolidated revenue totaled ¥1.3481 trillion (+23.9% year-on-year), consolidated operating profit reached ¥189.2 billion (+35.5% year-on-year), consolidated profit before income taxes stood at ¥210.2 billion (+47.1% year-on-year) and profit attributable to owners of the parent totaled ¥132.3 billion (+51.5% year-on-year). All Group operations reported increases in revenue and profit, while UNIQLO International performed particularly strongly during the nine-month period. Consolidated profit before income taxes and profit attributable to owners of the parent both increased by a greater margin than consolidated operating profit. This was due largely to the depreciation of the Japanese yen over the nine months ended 31 May 2015, which boosted the carrying amount of foreign-currency denominated assets, generating net finance income of ¥21.0 billion. The Group’s medium-term vision is to become the world’s number one apparel manufacturer and retailer. In pursuit of this aim, we are committed to promoting corporate globalization, Group-wide cooperation, and renewed entrepreneurial spirit. We have focused much of our efforts on building up our global UNIQLO operations, by accelerating the pace of new store openings outside of Japan. We have also opened global flagship stores, hotspot stores, and large-format stores in major cities around the world, in order to boost awareness and visibility of the UNIQLO brand, and to strengthen our global operational base. Within our Global Brands segment, we have been actively expanding our low-priced GU casualwear brand, and our Theory fashion label. UNIQLO Japan UNIQLO Japan generated stronger-than-expected increases in both revenue and profit in the nine months from 1 September 2014 to 31 May 2015. Revenue expanded to ¥638.1 billion (+12.0% year-on-year), and operating profit increased to ¥113.7 billion (+21.6% year-on-year). Same-store sales expanded a strong 8.8% year-on-year during the nine-month period. In addition, operating profit increased significantly, thanks to a 1.0% improvement in the gross profit to revenue margin and a 0.6% fall in the selling, general and administrative expenses to revenue ratio. The strong rise in same-store sales at UNIQLO Japan was largely attributable to firm sales of core Fall Winter ranges such as HEATTECH and Ultra Light Down, followed by strong sales of Spring Summer ranges such as bottom wear and AIRism innerwear. The total number of UNIQLO Japan directly-run stores, excluding the 30 franchise outlets, decreased by 27 to 814 stores at the end of May 2015, reflecting our “scrap and build” strategy to increase average store size by replacing smaller, less efficient stores with larger ones. Of these 27, 9 were converted from directly-run stores to employee-franchise outlets. UNIQLO International UNIQLO International reported increases in both revenue and profit that were roughly in line with our expectations for the nine months from 1 September 2014 to 31 May 2015. Revenue increased to ¥481.8 billion (+47.0% year-on-year), and operating profit expanded to ¥51.9 billion (+55.0% year-on-year). Within the UNIQLO International framework, Greater China (Mainland China, Hong Kong, and Taiwan) and South Korea reported higher-than-expected increases in revenue and profit thanks to continued strong growth in same- store sales in the third quarter from March to May 2015. The total number of UNIQLO International stores expanded to 767 stores at the end of May 2015, a net addition of 169 stores compared to the end of May 2014. Breaking down the UNIQLO International results into individual operations, UNIQLO Greater China exceeded expectations in terms of revenue and profit growth in the nine months to 31 May 2015. During that time, the operation opened 78 new stores and closed 10 stores, bringing the total number of UNIQLO stores in Greater China to 442 at the end of May 2015. UNIQLO South Korea also reported higher-than-expected increases in revenue and profit. Profits at UNIQLO Europe (United Kingdom, France, Russia and Germany) declined in the third quarter after the 311 Oxford Street global flagship store closed for refurbishment from March.
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