FAST RE-DRS-NEW(06288) - 2024 Q2 - 季度财报

Financial Performance - Total revenue for the first half of the fiscal year 2024 reached ¥1,598.99 billion, representing a 9.0% increase compared to the same period last year[4] - Operating profit for the same period was ¥257.08 billion, reflecting a 16.7% year-on-year growth[4] - Profit before tax increased to ¥299.40 billion, marking a 29.9% rise compared to the previous year[4] - Net profit attributable to the parent company was ¥195.91 billion, up 27.7% year-on-year[4] - Gross profit margin improved by 2.4 percentage points to 52.9%[8] - UNIQLO Japan's total revenue for the first half of the fiscal year was ¥485.1 billion, a decrease of 2.0% year-over-year, while operating profit increased by 14.7% to ¥77.2 billion[9] - Overseas UNIQLO's revenue for the first two quarters was ¥883.9 billion, a year-over-year increase of 17.0%, with operating profit rising by 23.0% to ¥150.9 billion[10] - GU's revenue for the first two quarters was ¥159.5 billion, a year-over-year increase of 9.6%, with operating profit rising by 17.5% to ¥15.3 billion[11] - Total revenue for the six months ended February 29, 2024, was ¥1,598,999 million, up from ¥1,467,350 million for the same period in 2023, reflecting an increase of 8.9%[36] - Operating profit for the six months ended February 29, 2024, was ¥299,395 million, compared to ¥230,499 million for the same period in 2023, marking a growth of 29.9%[36] - Net profit attributable to the parent company for the six months ended February 29, 2024, was ¥195,912 million, up from ¥153,392 million in the same period of 2023, an increase of 27.8%[36] Cash Flow and Assets - Cash and cash equivalents at the end of the period stood at ¥1,065.86 billion[4] - Operating cash flow for the six months ended February 29, 2024, generated a net cash amount of ¥322.3 billion, compared to ¥177.4 billion for the same period in 2023[17] - Investment cash flow for the six months ended February 29, 2024, used a net cash amount of ¥54.1 billion, a significant decrease from ¥472.7 billion in the same period of 2023[18] - Financing cash flow for the six months ended February 29, 2024, used a net cash amount of ¥131.4 billion, compared to ¥159.7 billion for the same period in 2023[18] - As of February 29, 2024, total assets amounted to ¥3,495.8 billion, an increase of ¥192.1 billion compared to the end of the previous fiscal year[16] - Total liabilities as of February 29, 2024, were ¥1,428.1 billion, a decrease of ¥2.1 billion from the previous fiscal year-end[16] - Total equity reached ¥2,067.6 billion as of February 29, 2024, reflecting an increase of ¥194.3 billion from the previous fiscal year-end[16] Sustainability and Corporate Responsibility - The company emphasizes sustainable practices in its production activities under the "LifeWear" concept[8] - The company aims to reduce greenhouse gas emissions from stores and major offices by 90% by 2030 compared to 2019 levels[13] - The company donated a total of 88,000 items to disaster victims following the Noto Peninsula earthquake and contributed ¥100 million to humanitarian organizations[14] - Since the launch of the "PEACE FOR ALL" initiative, the company has generated approximately ¥970 million in profits from T-shirt sales, with 20% of proceeds donated to humanitarian support organizations[14] - The company achieved a ranking of 4th globally and 1st in the Asia-Pacific region in the "KnowTheChain" assessment for supply chain transparency and labor rights[13] - The company plans to expand its "RE.UNIQLO" initiative, aiming to increase the number of stores offering repair and recycling services from 42 to over 50 by the end of 2024[13] Strategic Initiatives - The company aims to enhance its digital retail capabilities and diversify global revenue sources[8] - Plans to accelerate the opening of new stores, particularly in the overseas UNIQLO segment, are in place[8] - The company is committed to expanding its GU brand both domestically and internationally as part of its strategic initiatives[45] - The company plans to continue expanding its market presence in Greater China and Southeast Asia, focusing on enhancing brand visibility and customer engagement[57] - The company has invested in new product development and technology to improve operational efficiency and customer experience[57] - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product offerings[57] Shareholder Information - The total number of issued shares as of February 29, 2024, was 318,220,968 ordinary shares[23] - Major shareholders include The Master Trust Bank of Japan, Ltd. with 65,652 thousand shares (21.41%) and Yanai Tadashi with 56,571 thousand shares (18.44%) as of February 29, 2024[27] - The total voting rights for all shareholders amount to 3,065,617 as of February 29, 2024[30] - The company holds 11,510,000 shares as treasury stock, representing 3.62% of the total issued shares[31] - The company declared dividends amounting to ¥50,600 million during the reporting period[40] - The company declared a total dividend of ¥50,600 million on November 6, 2023, with a per-share dividend of ¥165[54] Compliance and Governance - The company has established a human rights committee to discuss strategies for increasing the proportion of female managers and reducing the gender pay gap[15] - The company conducted training for employees regarding the understanding and support of individuals with disabilities in anticipation of the new law effective April 2024 in Japan[15] - The company has maintained compliance with international accounting standards in preparing its interim consolidated financial statements[72] - The mid-term consolidated financial statements were reviewed according to International Accounting Standard 34, ensuring compliance with reporting standards[74] - Deloitte Touche Tohmatsu LLC confirmed no conflicts of interest under Japanese Certified Public Accountant Law between the group and the auditing firm[75]