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Attention: Quick Fashion Brand Uniqlo Head Office Releases The Interim Results Of Fiscal Year 2023

2023/4/18 13:33:00 6
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Uniqlo

On April 13, Uniqlo's parent company Fast Retailing Group released its interim results for fiscal year 2023 (six months as of February 28, 2023), achieving a total revenue of 1467.35 billion yen (about 75.8 billion yuan), up 20.4% year on year; Operating profit increased by 16% year-on-year to 220.2 billion yen (about 11.4 billion yuan), hitting a record high for two consecutive years. The net profit was 153.392 billion yen (about 7.9 billion yuan), up 4.5% year on year.

By region, Uniqlo Japan recorded revenue of about 495.1 billion yen (about 25.6 billion yuan), up 11.9% year on year, and the net sales of the same store in the Japanese market increased by 10% during the reporting period. The operating profit was 67.3 billion yen (about 3.5 billion yuan), down 1.6% year on year, because the depreciation of the yen in the second half of last year led to higher costs, which eroded profits.
Uniqlo's overseas market accounted for the largest proportion, recording a total revenue of 755.2 billion yen (about 39 billion yuan), up 27.3% year on year; Operating profit was 122.6 billion yen (about 6.3 billion yuan), up 22.2% year on year. In particular, Southeast Asia, South Asia and Oceania, North America and Europe (excluding Russia) all achieved significant growth in both revenue and operating profit.
Among them, Greater China recorded a revenue of 320.982 billion yen (about 16.6 billion yuan), a slight increase of 4.6% year on year. However, the proportion of revenue further declined to 21.9%, down 3.3 percentage points.
Greater China is due to the fact that the mainland of China was affected by the epidemic in the first quarter of the single quarter, resulting in a sharp decline in both revenue and profit. However, since January 2023, the performance of Greater China has shown a trend of recovery. In the second quarter, a small decline in earnings and a significant increase in profits were recorded in a single quarter. In GU (Premium) business segment, the total income during the reporting period was 145.5 billion yen (about 7.5 billion yuan), an increase of 18.5% over the same period of the previous year, and the total operating profit was 13 billion yen, an increase of 39.2% over the same period of the previous year.
In the global brand business segment, the total revenue during the reporting period was 70.2 billion yen (about 3.6 billion yuan), an increase of 19.1% over the same period last year, and the total operating profit was 100 million yen, down 85.3% year on year.
For the whole 2023 fiscal year (up to August 2023), Fast Retailing has raised its annual performance expectations. It is expected that sales revenue will increase by 16% to 2.68 trillion yen, operating profit will increase by 21% to 360 billion yen, and net profit will decrease by 12% to 240 billion yen.

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