FAST RETAIL-DRS(HK:06288) 智通财经网·2025-04-10 08:58Core Insights - The company reported a revenue of approximately 1,790.198 billion yen for the six months ending February 28, 2025, representing a year-on-year growth of 12% [1] - The total operating profit reached 304.2 billion yen, an increase of 18.3% year-on-year, while profit attributable to the parent company was 233.566 billion yen, up 19.2% [1] - The company plans to resume trading of its Hong Kong Depositary Receipts on April 11, 2025 [1] Domestic Operations (UNIQLO Japan) - For the first half of the fiscal year, revenue from the UNIQLO Japan segment totaled 541.5 billion yen, reflecting an 11.6% year-on-year increase, with operating profit at 97.6 billion yen, up 26.4% [1] - The strong sales performance was driven by strategic product offerings and marketing initiatives in response to temperature changes, with same-store sales (including online) increasing by 9.8% [1] - Gross margin improved by 0.8 percentage points due to better discount rates, while the ratio of selling, general, and administrative expenses to revenue improved by 1.4 percentage points due to lower personnel and rental costs [1] International Operations (UNIQLO Overseas) - The overseas UNIQLO segment reported revenue of 1,014.1 billion yen, a 14.7% year-on-year increase, with operating profit at 168.5 billion yen, up 11.7% [2] - Significant growth was observed in Southeast Asia, India, Australia, North America, and Europe, driven by increasing global support for UNIQLO's core products [2] GU Segment - The GU segment generated revenue of 165.8 billion yen, a 3.9% year-on-year increase, but operating profit decreased by 9.3% to 13.9 billion yen [2] - Despite popularity in certain products, the segment faced challenges due to a lack of trending items and insufficient inventory of popular products, leading to only a slight increase in same-store sales [2] - The decline in operating profit was attributed to increased rental and headquarters costs, as well as higher advertising expenses due to strategic increases in television advertising in Japan [2] Global Brands Segment - The global brands segment reported revenue of 67.7 billion yen, a decrease of 2.3% year-on-year, but achieved an operating profit of 0.9 billion yen, compared to a loss of 1.7 billion yen in the previous year [3] - While the Theory brand experienced a decline in revenue, the segment focused on improving gross margins and reducing the ratio of selling, general, and administrative expenses to revenue, leading to a turnaround in operating performance [3]