Results summary _ fast retailing co., ltd


・ Profit rose sharply after reporting a foreign exchange gain of ¥15.6 billion under finance income and costs. Binary code destiny Profit before income taxes increased 34.2% to ¥104.2 billion and profit attributable to owners of the parent leapt 45.1% to ¥69.6 billion.

・ Same-store sales (including e-commerce) expanded 2.5%. Stock market trading hours central time Same-store sales dipped in September and October, but recovered in November after falling temperatures boosted sales of core Winter items.

・ On profit front, the gross profit margin improved 0.3 point year on year on controlled discounts. Inr to usd conversion rate However SG&A ratio rose 0.2 point as the transformation of our logistical systems temporarily boosted distribution expenses.

・ GU revenue up, profit down. Exchange rate hkd to usd Operating profit down on: 1) a fall in gross profit margin after lower-than-expected sales led to an early rundown in excess Fall inventory, 2) a rise in SG&A ratio due to increased personnel and distribution costs.

・ Fiscal 2017 estimates unchanged.

Understanding binary Consolidated revenue: ¥1.850 trillion (+3.6%), operating profit: ¥175.0 billion (+37.5%), profit attributable to owners of the parent: ¥100.0 billion (+108.1%).

UNIQLO Japan generated rises in both revenue and operating profit in the first quarter of fiscal 2017, with revenue totaling ¥238.8 billion (+3.4% year-on-year) and operating profit totaling ¥45.6 billion (+1.8% year-on-year). Euro today Same-store including online sales increased 2.5% year-on-year. 100 usd to euro The total number of UNIQLO Japan stores declined by a net of 6 stores year-on-year to 800 (excluding 41 franchise stores) at the end of November 2016. Euro to usd forecast Of this total, three stores shifted from directly operated stores to employee franchise stores.

Looking at the quarter in more detail, same-store sales declined in September and October due to unseasonal warm weather that demand for Fall Winter items. Free pictures to color However, once temperatures dropped in November, same-store sales picked up. Euro to inr conversion rate today The UNIQLO anniversary sale proved strong, so did sales of core products such as cashmere sweaters, HEATTECH innerwear, and outerwear. American futures market Customer visits showed signs of recovery, rising year-on-year in the first quarter partly on the back of our decision to continue the new attractive, readily recognizable price strategy introduced in fiscal 2016. Usd conversion rate Firm control over discounting helped generate a 0.3 point improvement in the gross profit margin year-on-year. Exchange rate aed usd However, the selling, general and administrative expense ratio rose by 0.2 point year-on-year. Usd euro conversion While continued cost-cutting efforts helped reduce business costs such as advertising and promotion, outsourcing and business trips, distribution costs increased in relation to the transformation of our logistics systems.

UNIQLO International reported a fall in revenue to ¥196.5 billion (-0.2% year-on-year) but a strong rise in operating profit to ¥30.1 billion (+44.6% year-on-year) in the first quarter of fiscal 2017. Price of gold us The fall in revenue was due largely to the effect of the stronger yen compared to the previous year, which pushed yen-based sales down by an average 16%. Stock outperform meaning However in terms of local currencies, sales rose across all of UNIQLO international’s operations.

On the profit side, the segment’s operating profit margin increased 4.7 points in the first quarter, thanks to an improvement in the gross profit margin, and a successful cost-cutting drive which helped reduce the selling, general and administrative expense ratio. Usd inr exchange rate forecast Profit contributions from UNIQLO Greater China, UNIQLO Southeast Asia and Oceania were especially strong. What is us currency Meanwhile, an improvement in the gross profit margin at UNIQLO USA helped reduce operating losses at that operation.

UNIQLO’s first two stores in Canada, opened in September 2016, got off to a great start by attaining higher-than-expected sales. Financial markets futures Fifteen years after the first UNIQLO store outside Japan was opened in fall 2001, the UNIQLO International network surpassed the mark of 1,000 stores, finally settling at 1,009 stores (+145 stores year-on-year) at the end of November 2016.

Our low-priced GU casual fashion brand generated a rise in revenue but a fall in operating profit after unseasonal warm weather in September stifled early sales of Fall ranges. 1 usd myr While sales of trendy items such as coatigans and MA-1 blouson jackets picked up strongly from October onwards, GU same-store sales only expanded marginally over the first quarter as a whole. Canadian dollar to indian rupee exchange rate GU’s operating profit declined in the first quarter after lower-than-expected sales resulted in greater discounting of Fall inventory, and a year-on-year contraction in the gross profit margin. Usd jpy exchange rate Though advertising and other expenses were reduced as part of our cost-cutting drive, personnel and distribution costs rose, pushed the selling, general and administrative expense ratio higher. Bloomberg stock futures market At other global brands, our France-based Princesse tam.tam label and our US-based J Brand premium denim label continued to generate a loss, while fashion brands Theory and Comptoir des Cotonniers recorded steady operating profit.

Our fiscal 2017 remain unchanged from our initial forecasts with Fast Retailing expecting to achieve consolidated revenue of ¥1.850 trillion (+3.6% year on year), operating profit of ¥175.0 billion (+37.5%), profit before income taxes of ¥175.0 billion (+93.9%) and profit attributable to owners of the parent of ¥100.0 billion (+108.1%). Gbp usd rate That would translate into expected net earnings per share of ¥980.74.

We expect all three Fast Retailing business segments will generate increases in both revenue and profit in fiscal 2017. Twd usd For UNIQLO Japan, we estimate same-store sales (including e-commerce) will expand by approximately 2.0% year on year, while the gross profit margin is expected to hold steady, and the operating profit margin to improve slightly on cost-cutting efforts. Us market futures For UNIQLO International, we expect operating profit will expand sharply on the back of predicted further strong profit gains from UNIQLO Greater China and UNIQLO Southeast Asia and Oceania, as well as a considerable reduction in overall losses from UNIQLO North America (USA + Canada). Financial market futures Finally, we expect the Global Brands segment will report a significant increase in operating profit in fiscal 2017 on the comparative absence of impairment losses. Pound exchange rate forecast While GU profit declined in the first quarter, we expect profit to recover sharply in the second half of fiscal 2017 on the back of a number of new initiatives, including the launch of weekly stories about the latest fashion trends, the pursuit of more effective advertising and promotion campaigns, the establishment of more efficient systems for ordering additional production of strong-selling items, and a renewed cost-cutting drive. The boxer rebellion tour We intend these initiatives to also boost GU full-year profit. Gold forecast today We forecast the overall Fast Retailing Group network will expand to a total of 3,336 stores by the end of August 2017: 837 stores (including franchise stores) at UNIQLO Japan, 1,104 stores at UNIQLO International and 1,395 stores at Global Brands. Oil futures market We have scheduled an annual dividend for fiscal 2017 of ¥350, split evenly into an interim dividend of ¥175 and a year-end dividend of ¥175 yen per share.