DOCSLIB.ORG

Gross Profit

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Gross Profit April 12, 2018 Fast Retailing First-half Results for September 2017 to February 2018, and Estimates for Fiscal 2018 Takeshi Okazaki Fast Retailing Co., Ltd. Group Executive Vice President & CFO １ Contents FY2018 First-half Business Results P３～P18 Estimates for Fiscal 2018 P19～P22 Reference materials P23～P25 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, 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: (1H) Sep. 2017 - Feb. 2018 Revenue and profit gains far outstrip plan Billions of Yr to Aug. 2017 Yr to Aug. 2018 Yen (6 mths to Feb. 2017) (6 mths to Feb. 2018) y/y Actual Actual Revenue 1,017.5 1,186.7 +16.6% (to revenue) 100.0% 100.0% Gross profit 494.2 585.6 +18.5% (to revenue) 48.6% 49.3% +0.7ｐ SG&A 365.4 403.6 +10.4% (to revenue) 35.9% 34.0% -1.9ｐ Business profit 128.7 181.9 +41.4% (to revenue) 12.7% 15.3% +2.6ｐ Other income, expenses 1.9 -11.5 - (to revenue) 0.2% - - Operating profit 130.6 170.4 +30.5% (to revenue) 12.8% 14.4% +1.6ｐ Finance income, costs 16.9 -5.2 - (to revenue) 1.7% - - Profit before income taxes 147.6 165.1 +11.9% (to revenue) 14.5% 13.9% -0.6ｐ Profit attributable to owners of the parent 97.2 104.1 +7.1% (to revenue) 9.6% 8.8% -0.8ｐ ３ Group: 1H Operating Profit Revenue Average forex upward ¥1.0175trln→ ¥1.1867trln pressure approx. 7% (y/y) (+¥169.2bln) USD 3% UQ Japan +¥38.5bln RMB 7% UQ International +¥114.5bln EUR 13% GU +¥8.0bln ①Impairment losses of KRW 8% ¥9.9bln mainly from Gross profit margin SG&A ratio Global Brands 48.6％→ 49.3％ (+0.7p) 35.9％→34.0％ (-1.9p) ②Foreign exchange loss of ¥1.1867trln １Ｑ ２Ｑ 1H １Ｑ ２Ｑ 1H ¥1.7bln, mainly related to +16.6% Group +0.2p +1.4p +0.7p Group -1.7p -2.1p -1.9p temporary advances paid for purchases by overseas UQ Japan -0.2p +2.1p +0.8p UQ Japan -1.7p -2.0p -1.9p subsidiaries UQ Intl. +0.3p +1.7p +1.0p UQ Intl. -2.3p -2.2p -2.3p Sep. 1, 2017 1USD=110JPY GU +3.4p -1.0p +1.5p GU +0.5p +0.4p +0.6p Feb. 28, 2018 1USD=107JPY ¥585.6bln +18.5% ¥403.6bln ¥181.9bln +41.4% ¥170.4bln - ¥11.5bln +30.5% SG&A Other expenses income/expenses FY2018 FY2018 FY2018 FY2018 1H 1H 1H 1H Revenue Gross profit Business profit Operating profit ４ Profit Attributable to Group:1H Owners of the Parent Value of foreign-currency denominated assets decreased by ¥6.9bln Sep. 1, 2017 : 1USD=110JPY Feb. 28, 2018: 1USD=107JPY ¥170.4bln +30.5% - ¥5.2bln ¥165.1bln +11.9% ¥51.5bln Net finance loss ¥113.6bln ¥9.4bln ¥104.1bln +9.9% +7.1% Income taxes Non-controlling assets FY2018 FY2018 1H FY2018 FY2018 1H Profit before 1H 1H Operating profit income taxes Profit for the Profit attributable period to owners of the parent ５ 1H Breakdown by Group Operation Billions of Yen Yr to Aug. 2017 Yr to Aug. 2018 (6 mths to Feb. 2017) (6 mths to Feb. 2018) y/y Actual Actual Revenue 455.1 493.6 +8.5% Business profit 69.5 88.8 +27.8% UNIQLO Japan (to revenue) 15.3% 18.0% +2.7p Other income, expenses -0.7 -0.1 - Operating profit 68.7 88.7 +29.0% (to revenue) 15.1% 18.0% +2.9p Revenue 392.8 507.4 +29.2% Business profit 49.8 80.8 +62.3% UNIQLO International (to revenue) 12.7% 15.9% +3.2p Other income, expenses -1.0 -0.1 - Operating profit 48.7 80.7 +65.6% (to revenue) 12.4% 15.9% +3.5p Revenue 97.7 105.8 +8.3% Business profit 7.4 9.0 +22.0% GU (to revenue) 7.6% 8.5% +0.9p Other income, expenses 0.0 0.1 - Operating profit 7.4 9.1 +23.3% (to revenue) 7.6% 8.6% +1.0p Revenue 70.4 78.4 +11.4% Business profit 2.9 3.3 +11.4% Global Brands (to revenue) 4.3% 4.2% -0.1p Other income, expenses -0.3 -8.9 - Operating profit 2.6 -5.6 - (to revenue) 3.7% - - Notes: All UNIQLO Japan data (except revenue) include inter-Group transactions. ６ UNIQLO Japan (1H) Revenue & profit rise, far outstrips plan Billions of Yen Yr to Aug. 2017 Yr to Aug. 2018 (6 mths to Feb. 2017) (6 mths to Feb. 2018) y/y Revenue 455.1 493.6 +8.5% (to revenue) 100.0% 100.0% Gross profit 218.7 241.5 +10.4% (to revenue) 48.1% 48.9% ＋0.8p SG&A 149.2 152.6 +2.3% (to revenue) 32.8% 30.9% -1.9p Business profit 69.5 88.8 +27.8% (to revenue) 15.3% 18.0% ＋2.7p Other income, expenses -0.7 -0.1 - (to revenue) - - - Operating profit 68.7 88.7 +29.0% (to revenue) 15.1% 18.0% ＋2.9p Notes: All UNIQLO Japan data (except revenue) include inter-Group transactions. ７ UNIQLO Japan: 1H Revenue Revenue ¥493.6bln (+8.5% y/y) Same-store sales +8.4%, far exceeds plan ・Strong sales trend continued over FY2018 Fall Winter season Warm clothing sales strong on unseasonal cold weather Created sophisticated sales plans closely correlating production, distribution and retail, and monitored immediate conditions to ensure ample inventory of strong-selling items and timely price cutting on poor-selling items Buoyant same-store sales growth, strong busy 1H months of Nov. & Dec. January sales down slightly on shortage of winter stock but February sales up on favorable launch of 2018 Spring range ・Customer visits: Core items sold well, collaboration items well conveyed ・Customer spend: Strong sales of comparatively higher priced outer and bottom wear ・Online sales: ¥37.2bln (+31.6% y/y), 6.2％→7.5％ of total sales Yr to Aug. 2018 Same-store sales 3 mths to 3 mths to 6 mths to Sep. Oct. Nov. Dec. Jan. Feb. Mar. Nov. 2017 Feb. 2018 Feb. 2018 Net sales +6.3% +8.9% +8.9% +8.4% +18.1% -2.4% +5.1% +8.3% +8.4% +13.0% Customer visits +3.9% +5.0% +4.6% +4.5% +13.5% -5.0% +0.2% +3.9% +4.2% +7.7% Customer spend +2.3% +3.8% +4.2% +3.7% +4.0% +2.6% +4.8% +4.2% +4.0% +4.9% ８ UNIQLO Japan: 1H Gross Profit Margin 1H gross profit margin：48.9% (+0.8p y/y) Gross profit margin improves by a higher-than- expected 0.8p on significantly lower discounting ・Continued weakening trend in internal yen exchange rates increased cost of sales ・Strong sales of winter items resulted in lower discounting losses from inventory rundowns, and a significant year- on-year improvement in 1H discounting rates ９ UNIQLO Japan: 1H SG&A SG&A to revenue ratio：30.9% (-1.9p y/y) Reduction in monetary terms exceeds plan, large cuts in distribution & advertising costs ・Distribution: Significant reduction in store-related distribution costs Visualized product volumes across supply chain from production to retail, and controlled appropriate inventory. Efficient warehouse operation. EC distribution costs up on higher online sales and cost of creating an Ariake warehouse exclusively for e-commerce ・Advertising & Promotion: More efficient flyer, newspaper and in-store advertising ・Personnel: More generous remuneration offset by higher productivity ・Depreciation: Additional provisioning following reevaluation of asset retirement obligations (returning sites to original state when closing stores) Distribution -0.6p y/y Advertising & Promotion -0.6p Other expenses -0.4p Personnel -0.3p Store rents -0.2p Depreciation +0.3p 10 UNIQLO International: (1H) Large profit gain, far outstrips plan ・Foreign exchange moves increase results by average 7% ・OP margin up 3.5p: Pursued management reforms across global operations (product mix review, accurate numerical planning, shift from discounting-reliant business format) ・Achieved higher-than-expected results in all areas ・Profitability up markedly in North America, Greater China, S. Korea ・USA loss falls dramatically. On track for profit in FY2019 Billions of Yen Yr to Aug. 2017 Yr to Aug. 2018 (6 mths to Feb. 2017) (6 mths to Feb. 2018) y/y Actual Actual Revenue 392.8 507.4 +29.2% Business profit 49.8 80.8 +62.3% UNIQLO International (to revenue) 12.7% 15.9% +3.2p Other income, expenses -1.0 -0.1 - Operating profit 48.7 80.7 +65.6% (to revenue) 12.4% 15.9% +3.5p 11 UNIQLO Intl.: (1H) By Region ① Greater China: Large revenue, profit gains outstrip plan Mainland China large profit gain, Taiwan OP doubles S.
Load more

Recommended publications
  • GREAT CLOTHES CAN CHANGE OUR WORLD Is a Global Company That Operates Multiple Fashion Brands Including UNIQLO, GU, and Theory
    ANNUAL REPORT 2018 Year ended 31 August 2018 GREAT CLOTHES CAN CHANGE OUR WORLD is a global company that operates multiple fashion brands including UNIQLO, GU, and Theory. The world’s third largest manufacturer and retailer of private-label apparel, Fast Retailing offers high-quality, reasonably priced clothing by managing everything from procurement, design, and production to retail sales. UNIQLO, our pillar brand, generates approximately ¥1.76 trillion in sales from 2,068 stores in 21 countries and regions (FY2018). UNIQLO, with its LifeWear concept of ultimate everyday comfort, differentiates itself by offering unique products such as sweaters made from superior-quality cashmere, supima cotton T-shirts, and ranges incorporating original HEATTECH and Ultra Light Down technologies. The Group’s main sources of UNIQLO-driven growth are moving beyond Japan to Greater China (Mainland China, Hong Kong, Taiwan) and Southeast Asia. Our fun, low-priced fashion brand GU has generated sales of approximately ¥210 billion, primarily in Japan. We expect to grow the GU brand in Greater China and South Korea going forward. Fast Retailing is making progress on its Ariake Project, which aims to transform the apparel retail industry into a new digital consumer retail industry. We are working to build a supply chain that uses advanced information technology to create seamless links between Fast Retailing and its partner factories, warehouses, and stores worldwide. This transformation will minimize the environmental impact of our business, create a manufacturing environment that upholds human rights, and ensure highly responsible procurement. Fast Retailing strives to harness the power of clothing to enrich the lives of people around the world, and create a more sustainable society.
    [Show full text]
  • Results Summary for FY2021 1Q (Three Months to November 2020) Consolidated Business Performance (Billions of Yen)
    January 14, 2021 Fast Retailing Co., Ltd. Results Summary for FY2021 1Q (Three Months to November 2020) Consolidated Business Performance (Billions of Yen) Year to Aug 2020 Year to Aug 2021 1Q Actual 1Q Actual Full Year Estimate (2019/9～2019/11) (2020/9～2020/11) y/y (2020/9～2021/8) y/y Revenue 623.4 619.7 -0.6% 2,200.0 +9.5% 100.0% 100.0% - 100.0% - Gross Profit 312.9 324.8 +3.8% - - （to revenue) 50.2% 52.4% +2.2p - - SG&A Expenses 224.0 213.2 -4.8% - - （to revenue) 35.9% 34.4% -1.5p - - Business profit 88.8 111.5 +25.6% 265.0 +55.9% （to revenue) 14.2% 18.0% +3.8p 12.0% +3.5p Operating profit 91.6 113.0 +23.3% 245.0 +64.0% （to revenue) 14.7% 18.2% +3.5p 11.1% +3.7p Finance income/cost 10.3 -5.9 - - - （to revenue) 1.7% - - - - Profit before income taxes 102.0 107.1 +5.0% 245.0 +60.3% （to revenue) 16.4% 17.3% +0.9p 11.1% +3.5p Profit attributable to 70.9 70.3 -0.7% 165.0 +82.6% owners of the parent （to revenue) 11.4% 11.4% - 7.5% +3.0p Performance by Group Operation (Billions of Yen) Year to Aug 2020 Year to Aug 2021 1Q Actual 1Q Actual (2019/9～2019/11) (2020/9～2020/11) y/y Revenue 233.0 253.8 +8.9% Business profit 38.8 58.9 +51.6% UNIQLO Japan (to revenue) 16.7% 23.2% +6.5p Operating profit 38.5 60.0 +55.8% (to revenue) 16.5% 23.7% +7.2p Revenue 280.7 260.6 -7.2% Business profit 38.2 41.3 +8.2% UNIQLO International (to revenue) 13.6% 15.9% +2.3p Operating profit 37.8 41.4 +9.5% (to revenue) 13.5% 15.9% +2.4p Revenue 72.9 76.5 +4.9% Business profit 12.4 13.4 +8.5% GU (to revenue) 17.0% 17.6% +0.6p Operating profit 12.3 13.6 +9.9% (to revenue) 17.0% 17.8% +0.8p Revenue 36.1 28.0 -22.3% Business profit 1.9 -0.3 - Global Brands (to revenue) 5.3% - - Operating profit 1.8 -0.2 - (to revenue) 5.2% - - FY2021 1Q Main Points ■Fast Retailing Group 1Q reports higher-than-expected large rise in operating profit ・Consolidated revenue declined but profit rose sharply.
    [Show full text]
  • GREAT CLOTHES CAN CHANGE OUR WORLD Is a Global Company That Operates Multiple Fashion Brands Including UNIQLO, GU, and Theory
    ANNUAL REPORT 2018 Year ended 31 August 2018 GREAT CLOTHES CAN CHANGE OUR WORLD is a global company that operates multiple fashion brands including UNIQLO, GU, and Theory. The world’s third largest manufacturer and retailer of private-label apparel, Fast Retailing offers high-quality, reasonably priced clothing by managing everything from procurement, design, and production to retail sales. UNIQLO, our pillar brand, generates approximately ¥1.76 trillion in sales from 2,068 stores in 21 countries and regions (FY2018). UNIQLO, with its LifeWear concept of ultimate everyday comfort, differentiates itself by offering unique products such as sweaters made from superior-quality cashmere, supima cotton T-shirts, and ranges incorporating original HEATTECH and Ultra Light Down technologies. The Group’s main sources of UNIQLO-driven growth are moving beyond Japan to Greater China (Mainland China, Hong Kong, Taiwan) and Southeast Asia. Our fun, low-priced fashion brand GU has generated sales of approximately ¥210 billion, primarily in Japan. We expect to grow the GU brand in Greater China and South Korea going forward. Fast Retailing is making progress on its Ariake Project, which aims to transform the apparel retail industry into a new digital consumer retail industry. We are working to build a supply chain that uses advanced information technology to create seamless links between Fast Retailing and its partner factories, warehouses, and stores worldwide. This transformation will minimize the environmental impact of our business, create a manufacturing environment that upholds human rights, and ensure highly responsible procurement. Fast Retailing strives to harness the power of clothing to enrich the lives of people around the world, and create a more sustainable society.
    [Show full text]
  • Fast Retailing Co., Ltd. Assessment for Accreditation
    FAST RETAILING CO., LTD. ASSESSMENT FOR ACCREDITATION FLA BOARD OF DIRECTORS MEETING FEBRUARY 2019 FAST RETAILING: ASSESSMENT FOR ACCREDITATION OF THE COMPANY’S SOCIAL COMPLIANCE PROGRAM TABLE OF CONTENTS INTRODUCTION ....................................................................................................................... 3 SECTION 1: FAST RETAILING COMPANY OVERVIEW ......................................................... 4 SECTION 2: FAST RETAILING SUPPLY CHAIN & FLA DUE DILIGENCE ACTIVITIES 2016- 2018........................................................................................................................................... 6 SECTION 3: ANALYSIS OF FAST RETAILING LABOR COMPLIANCE PROGRAM FOR ACCREDITATION ..................................................................................................................... 7 SECTION 4: CONCLUSION AND RECOMMENDATION........................................................ 29 APPENDIX A: THE FAST RETAILING CODE OF CONDUCT ................................................ 30 APPENDIX B: FAST RETAILING’S REMEDIATION PROGRESS CHART ............................. 32 Workers at a facility producing Fast Retailing brands. www.fairlabor.org 2 FAST RETAILING: ASSESSMENT FOR ACCREDITATION OF THE COMPANY’S SOCIAL COMPLIANCE PROGRAM INTRODUCTION On February 27, 2019, the FLA Board of Directors voted to approve the accreditation of Fast Retailing Co., LTD,’s (Fast Retailing) labor compliance program. This report provides the Fair Labor Association’s (FLA) assessment of the
    [Show full text]
  • Lifewear, Changing the World
    ANNUAL REPORT 2019 Year ended 31 August 2019 LifeWear, Changing the World Fast Retailing, the New LifeWear Company Fast Retailing is a global company that operates multiple fashion brands including UNIQLO, GU, and Theory. As the world’s third-largest manufacturer and retailer of private-label apparel, the Fast Retailing Group offers high-quality, reasonably-priced clothing by managing everything from procurement, design, and production to retail sales. UNIQLO, our pillar brand, generates approximately ¥1.9 trillion in annual sales from approximately 2,200 stores in 22 countries and regions (FY2019). UNIQLO, with its LifeWear concept of ultimate everyday comfort, seeks to differentiate itself by offering unique products made from high-quality and high-functioning materials. The Group’s main sources of UNIQLO-driven growth are gradually expanding beyond Japan to Greater China (Mainland China, Hong Kong, and Taiwan) and Southeast Asia. Meanwhile, our fun, low-priced GU fashion brand, primarily in Japan, is generating sales of approximately ¥240 billion. In terms of broad operational strategy and future direction, Fast Retailing is making progress on its Ariake Project, which aims to transform the apparel retail industry into a new digital consumer retail industry. We are working to build a supply chain that uses advanced information technology to create seamless links between Fast Retailing and its partner factories, warehouses, and stores worldwide. This transformation will minimize the environmental impact of our business, create a manufacturing environment that upholds human rights, and ensures highly responsible procurement. Fast Retailing strives to harness the power of clothing to enrich the lives of people around the world and to create a more sustainable society.
    [Show full text]
  • UNIQLO Jersey Gardens
    Brand-UNIQLO1,024 reviews - Elizabeth, NJ Part-time Apply On Company SiteSave this job UNIQLO is a brand of Fast Retailing Co., Ltd., a leading global Japanese retail holding company that designs, manufactures and sells clothing under seven main brands: Comptoir des Cotonniers, GU, Helmut Lang, J Brand, Princesse tam.tam, Theory, and UNIQLO. With global sales of approximately 1.14 trillion yen for the 2013 fiscal year ending August 31, 2013 (US $11.62 billion, calculated in yen using the end of August 2013 rate of $1 = 98.36 yen), Fast Retailing is one of the world’s largest apparel retail companies, and UNIQLO is Japan’s leading specialty retailer. UNIQLO continues to open large-scale stores in some of the world's most important cities and locations, as part of its ongoing efforts to solidify its status as a truly global brand. Today the company has a total of more than 1,200 stores in 14 markets worldwide including Japan, China, France, Hong Kong, Indonesia, Malaysia, Philippines, Russia, Singapore, South Korea, Taiwan, Thailand, U.K. and U.S. In addition, Grameen UNIQLO, a social business established in Bangladesh in September 2010, opened its two first stores in Dhaka in July 2013. UNIQLO operates an integrated business model under which it designs, manufactures, markets and sells high-quality, casual apparel. The company believes that truly great clothes should be supremely comfortable, feature universal designs, are of high quality and offer a superb fit to everyone who wears them. With a corporate statement committed to changing clothes, changing conventional wisdom and change the world, Fast Retailing is dedicated to creating great clothing with new and unique value to enrich the lives of people everywhere.
    [Show full text]
  • Annual Report 2016
    ANNUAL REPORT 2016 Year ended 31 August 2016 GREAT CLOTHES CAN CHANGE OUR WORLD CONTENTS 06 MESSAGE FROM THE CEO 08 CEO INSIGHTS 18 FISCAL 2016 BUSINESS PERFORMANCE 20 CORPORATE GOVERNANCE 28 THE UNIQLO BUSINESS 38 UNIQLO GLOBAL PRESENCE 46 UNIQLO U 48 GLOBAL BRANDS 52 CORPORATE SOCIAL RESPONSIBILITY 57 FINANCIAL INFORMATION 68 HISTORY 70 INVESTOR INFORMATION 71 CORPORATE INFORMATION manages multiple brands worldwide, including UNIQLO, GU and Theory. The company is currently transforming itself into a digital-powered retailer and manufacturer of apparel, to better meet the needs of today’s information- driven digital society, and to further expand its business. UNIQLO, the Fast Retailing Group’s mainstay brand, offers high-quality, basic casualwear at reasonable prices via a network of 1,800 stores in 18 countries and regions. One of UNIQLO’s competitive advantages is its ability to develop revolutionary products made from unique functional materials, such as HEATTECH and AIRism. In addition to Japan, Greater China (Mainland China, Hong Kong and Taiwan) and Southeast Asia are likely to be the primary drivers of future growth. The low-priced GU casual fashion label, the Group’s second pillar, is also growing rapidly as a brand offering fashion freedom and fun. Fast Retailing aims to offer clothes and services that enrich people’s lives everywhere, and to pursue focused clothes-related social activities that help make the world a better place. ULTIMATE CLOTHES FOR ULTIMATE EVERYDAY COMFORT UNIQLO’s 2016 Fall Winter Seamless Down Parka uses pressure bonding tape instead of stitching for a smoother, stylish shape. The water-repellent, windproof shell with waterproof zipper is unbelievably light and warm.
    [Show full text]
  • Fast Retailing and Daifuku Conclude Strategic Global Partnership Partnership Agreement Signed to Develop Comprehensive Logistics Services Over the Longer Term
    NEWS Fast Retailing and Daifuku Conclude Strategic Global Partnership Partnership Agreement Signed to Develop Comprehensive Logistics Services over the Longer Term October 9, 2018, Tokyo, Japan - Fast Retailing Co., Ltd. and Daifuku Co., Ltd. today concluded an agreement to form a strategic partnership aimed at establishing comprehensive logistics services over the medium to long term. The Fast Retailing Group, which has set a target of ¥3 trillion in net sales, and Daifuku, a global leader in material handling systems, established a solid relationship of mutual trust established through the automation of Fast Retailing’s Ariake warehouse. Based on this affiliation and their shared corporate culture of contributing to society through outstanding innovation, the two companies will work toward further business expansion for both firms over the longer term, and the provision of a sustained and stable logistics function. Fast Retailing and Daifuku will each utilize their respective wealth of knowledge and experience to reform and improve logistics systems. The two companies will carefully evaluate the current status of distribution, and develop innovative and revolutionary logistics systems in order to deliver products to customers faster. Measures the Companies will Pursue with the Conclusion of the Strategic Global Partnership Fast Retailing Co., Ltd. and Daifuku Co., Ltd. will implement the following measures under the partnership agreement. 1) Introduction of state-of-the-art automation facilities Fast Retailing and Daifuku will develop and build the world’s most advanced automation facilities with the aim of full automation of Fast Retailing Group brand warehouses in Japan and overseas. 2) Formation of a special team Fast Retailing and Daifuku will form a special team comprising members from both companies for the planning, implementation, and maintenance of fully automated Fast Retailing Group brand warehouses in Japan and overseas, with the aim of establishing a better logistics environment.
    [Show full text]
  • Social Business As CSR: a Study on Grameen UNIQLO
    Social Business as CSR: A Study on Grameen UNIQLO Internship report Social Business as CSR: A Study on Grameen UNIQLO Submitted To, Suntu Kumar Ghosh Asistant Professor, BRAC Business School. Submitted By, Saima Sultana Teresa Id-12164002. BRAC BUSINESS SCHOOL Submission Date-09-11-2014 Social Business as CSR: A Study on Grameen UNIQLO Letter of Transmittal Subject: Submission of Internship report Dear Sir, This letter is regarding the submission of my internship report, entitled “Social Business as CSR: A Study on Grameen UNIQLO” submitted as part of the requirements for completing the internship as part of the requirement for completing the MBA program at the Institute of BRAC Business School. The purpose of the report is to learn the purpose and modus operandi of the CSR project of UNIQLO named Grameen UNIQLO and evaluate its operation and suggest ways to improve it. I have found the experience of working towards the completion of this report to be both challenging and intellectually exciting. I was able to apply many of the important theories and concepts that I learned in my coursework at the BRAC Business School, and even to extend my knowledge base as I worked on this study. I feel that the skills I gained in working on this project in an organizational context will be helpful to me in my career and in further education, and I am grateful to you for granting me permission to work on this project. If you have any questions or comments regarding this report, or if you need clarification regarding any of its content, please feel free to contact me.
    [Show full text]
  • UNIQLO Japan
    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
    [Show full text]
  • Product Innovations
    For more information ACTIVITY Product Innovations Fast Retailing is committed to producing high-quality items, and to pursuing sustainability in our clothing and processes. PRODUCT INNOVATIONS PRODUCT These are the latest developments. UNIQLO Recycled Down Jacket [UNIQLO] We use recycled polyester material made from post-consumer PET bottles to support the more efficient use of resources. This year, recycled polyester comprises 32% to 75% of the high-performance, quick-drying Theory DRY-EX Polo Shirt, and 30% of the Fluffy Yarn Fleece Full-Zip Jacket, and Good Wool Fluffy Yarn Fleece Pullover Shirt. As the first initiative of product-to-product recycling under our RE.UNIQLO program, we launched our Recycled Down Jacket in November 2020. This item is filled completely with reclaimed down and feathers taken from pieces of 620,000 down products collected in Japan since the start of 2019. The recycling process uses a completely automated down-separation system newly developed by Toray Industries, Inc. The system offers approximately 50 times the processing capability of manual processes, and has enabled large- scale recycling and production. The down and feathers are washed after separation, and those that meet the criteria for cleaning as new ones are recycled as materials to be used in new down products. [Theory] 'Good Wool' products are part of a signature program in 'Theory For Good', the brand's platform for social and environmental responsibility. The 'Good Collection' is consciously designed to make a positive impact on our communities and the planet. Here, the 'Good Wool' is shown in ultra-fine merino wool sourced from responsibly-raised Australian sheep and woven in Italian mills using the latest energy and water-saving technologies.
    [Show full text]
  • Fast Retailing and UNHCR Announce New Agreement Launching New Initiatives to Support Refugees Worldwide As Part of Global Partnership
    NEWS Fast Retailing and UNHCR Announce New Agreement Launching new initiatives to support refugees worldwide as part of global partnership November 25, 2015, Tokyo, Japan – Fast Retailing Co., Ltd. and UNHCR, the UN Refugee Agency, today jointly announce a new agreement to support refugees worldwide. The Tokyo-based company will provide US$10 million in funds and distribute winter wear for new arrivals in Europe, and expanding its internship program both in Japan and abroad Commenting on today’s announcement, Tadashi Yanai, Chairman, President and CEO of Fast Retailing, said “The refugee issue is one of the most difficult challenges the international community is facing today. We must collectively tackle the constant threats that have forced so many people, including a large number of children, to flee,” He added, “We have been providing refugees with emergency assistance, programs that promote self-reliance and donations of clothes for nearly 10 years. We will continue to supply refugees with the clothes they need and give them hope for better lives, in keeping with our never-ending desire for a sustainable and peaceful world.” United Nations High Commissioner for Refugees António Guterres said: “Nearly 60 million people have been forced to flee their homes worldwide; the equivalent to almost half the population of Japan. 20 million of these people are refugees. In the face of such an unprecedented challenge, the robust support of the private sector is crucial for meeting the needs of the millions of families who have lost everything and who are seeking a safe place to restore their lives and build a better future,” said Guterres.
    [Show full text]