Fast Retailing ( Uniqlo ) 6288

Re: Fast Retailing ( Uniqlo ) 6288

Postby winston » Mon Feb 05, 2018 3:38 pm

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Jan 12, 2018

<Research Report>Deutsche: FAST RETAIL-DRS Last Quarter Results Very Positive; U.S. Biz Returns to Profit


Deutsche Bank, in its report, said FAST RETAIL-DRS (06288.HK)'s 1Q revenue rose 17% to JPY617 billion with core profit up 30% to JPY112.8 billion, topping estimates.

Japan business was in line with expectation while the U.S. business returned to profit.

The company was rated Buy.

Source: AAStocks Financial News
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Re: Fast Retailing ( Uniqlo ) 6288

Postby winston » Thu Feb 08, 2018 2:30 pm

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Nov 20, 2017

FAST RETAIL-DRS Seeking Approval from Indian Govt to Set Up UNIQLO Branches in India

Bloomberg quoted from documents saying that FAST RETAIL-DRS (06288.HK) has submitted an application to the Indian government in relation to the establishment of UNIQLO branches in India.

The spokesperson from the company said that India is a market with tremendous potential and the company is now pending for the approval of local government.

Source: AAStocks Financial News
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Re: Fast Retailing ( Uniqlo ) 6288

Postby winston » Fri Jul 13, 2018 7:47 am

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Fast Retailing profit surges 93pc

by Tracy Hu

Japanese holding company Fast Retailing (6288), which owns UNIQLO, yesterday said it earned 23.48 percent more for the nine months ended May, to 148.3 billion yen (HK$10.35 billion).

The company yesterday halted the trading of its shares before releasing its results for the nine months. Revenue during the period rose 15.31 percent to 1.7 trillion yen.

For the latest three-month period, the company's third fiscal quarter, net profit surged 93.1 percent to 44.1 billion yen while total revenue rose to 517.3 billion yen, a 12.4 percent increase.

UNIQLO Greater China generated significantly higher-than-forecast profits. Same-store sales attained double-digit growth following a strong launch of the new spring/summer line-up.

GU, its casual-wear label, reported increases in both revenue and profit in the nine-month period, with revenue totaling 166.6 billion yen.

Source: The Standard

http://www.thestandard.com.hk/section-n ... 0713&sid=2
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Re: Fast Retailing ( Uniqlo ) 6288

Postby winston » Fri Oct 12, 2018 5:41 am

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Fast Retailing profits soar to record 155b yen

Fast Retailing (6288), owner of Japan's popular clothing chain Uniqlo, booked a record annual profit and forecast even stronger results in the current year, helped by growth in Asia and a recovery at its US stores.

The Japan-based company saw a 29.8 percent increase in its net profit to 154.8 billion yen (HK$10.81 billion), while the year-end dividend per share is projected to be further raised by 40 yen to 240 yen, which would bring the annual total dividend per share for 2018 to 440 yen.

Its annual operating profit rose 34 percent to a record 236.2 billion yen, the company said yesterday. That was in line with analysts' median forecast for 237.5 billion yen, according to Refinitiv data.

It forecast an operating profit of 270 billion yen for the current financial year, above a market consensus for around 263 billion yen, on continued strength in China and Southeast Asia.

Fast Retailing also said it saw an improvement in the United States, where it has been shutting down poorly performing stores, saying it was able to halve its operating losses there in the year just ended.

The retailer flagged its global ambitions earlier this year when tennis star Roger Federer strode onto the court at Wimbledon in Uniqlo-branded whites, in a major sponsorship deal that is reportedly worth around US$30 million (HK$235.09 million) annually.

Source: Reuters

http://www.thestandard.com.hk/section-n ... r=20181012
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Re: Fast Retailing ( Uniqlo ) 6288

Postby winston » Mon Oct 15, 2018 11:07 am

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<Result Ann>FAST RETAIL-DRS FY18 Net Profit Up 29.8% YoY to JPY154.8B

FAST RETAIL-DRS (06288.HK) announced that as of the financial year ended August 2018, the total revenue under consolidated operating results amounted to JPY2.13 trillion, up 14.4% over a year ago period.

Consolidated operating profit added 33.9% yearly to JPY236.2 billion. Net profit hiked 29.8% yearly to JPY154.8 billion.

A final dividend of JPY240 was declared, up JPY40 from 3Q.

Source: AAStocks Financial News
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Re: Fast Retailing ( Uniqlo ) 6288

Postby winston » Tue Oct 16, 2018 4:44 am

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Fast Retailing to open 100 China stores

Fast Retailing (6288), Uniqlo’s parent company, said it will open 100 new stores in China.

Fast Retailing group executive vice president Pan Ning said one-third of the new stores will be in Beijing, Shanghai, Guangzhou, and Shenzhen, while the remainder will be in second- or third-tier cities.

In response to US tariffs, he said, sourcing will be shifted from China to Southeast Asia, though the bulk of manufacturing will still be in China.

Meanwhile, the company said that the 70-year-old chairman Tadashi Yanai has not yet decided to retire.

Source: The Standard

http://www.thestandard.com.hk/breaking- ... r=20181015
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Re: Fast Retailing ( Uniqlo ) 6288

Postby winston » Mon Dec 03, 2018 7:17 am

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Uniqlo parent company net profit increase

Fast Retailing(6288), Uniqlo parent company, reported its net profit for the year ended August 31, rose 31 percent year-on-yearto HK$169 billion yen (HK$11.68 billion).

Uniqlo Japan and Uniqlo International contributed 40.6 percent and 42.1 percent of the total revenue respectively while GU and other brands contributed 9.9 percent and 7.3 percent of the total revenue respectively.

The group said they intend to expand Uniqlo International operations even further, accelerating store openings and expanding operations in mainland China, Southeast Asia & Oceania, and also venturing into new markets such as India and Vietnam.

Source: The Standard

http://www.thestandard.com.hk/breaking- ... r=20181130
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Re: Fast Retailing ( Uniqlo ) 6288

Postby winston » Thu Jan 10, 2019 10:26 pm

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Uniqlo's Fast Retailing blames warm winter for surprise profit decline

TOKYO (Jan 10): Uniqlo operator Fast Retailing Co Ltd reported an unexpected decline in quarterly profit on Thursday, blaming warm weather for hurting winter clothing sales even as its Chinese business shrugged off concerns of a decelerating economy.

Uniqlo has become Asia's biggest clothing retailer, helped in part by the popularity of its basic items such as ultra-light down coats and Heattech thermal underwear.

However, stores in Japan struggled to sell such items in October and November due to unseasonably warm weather, the company said.

Overall operating profit fell 8% to 104.7 billion yen (US$970.16 million) in September-November. That compared with a 118 billion yen average of four analyst estimates compiled by Refinitiv Eikon.

Fast Retailing's Uniqlo business in Japan performed particularly badly, with operating profit down 30% from a the same period year earlier.

"We did extremely well domestically and ran out of stock on winter clothing in the previous year, so we went into this season with extra," Chief Financial Officer Takeshi Okazaki told reporters. "As a result, we were hit squarely by the mild weather."

Analysts have recently been concerned that Uniqlo faces two major risks: saturation in Japan, still its main market, and possible slowdown in China, where the company currently logs an increasing proportion of growth.

The company said the latter, at least, was not yet happening with operating profit in mainland China growing by double digits.

"I believe Chinese economic growth is slowing down but it's not showing an impact as far as our business is concerned," Okazaki said, adding that he remained on alert.

The firm opened a net 78 stores in China in the last fiscal year, expanding to 633 locations there, while it closed a net 4 stores in Japan, ending the year with 827 stores. But analysts have been concerned how long growth momentum in China would last.

Economic growth in China is widely expected to slow due in part to the impact of a trade war with the United States. On Tuesday, state television CCTV reported that the government plans to introduce policies to boost domestic spending.

Fast Retailing kept its operating profit forecast for the full year through August 2019 unchanged at 270 billion yen.

Source: Reuters

http://www.theedgemarkets.com/article/u ... it-decline
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Re: Fast Retailing ( Uniqlo ) 6288

Postby winston » Mon Jan 21, 2019 10:21 am

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<Result Ann>FAST RETAIL-DRS (06288.HK) 1Q NP Down 6.4%, Retains FY Result Forecast

FAST RETAIL-DRS (06288.HK) announced the first quarter results ended 30 November 2018.

Net profit amounted to JPY73.4 billion, down 6.4% yearly; EPS equaled JPY720.16; no dividend was declared.

The company retained revenue and net profit projection for the year ended 31 August 2019 respectively at JPY2.3 trillion and JPY165.0 billion.

Source: AAStocks Financial News
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Re: Fast Retailing ( Uniqlo ) 6288

Postby winston » Fri Apr 12, 2019 9:57 am

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Apr 11, 2019

FAST RETAIL-DRS (06288.HK) Interim NP Rises 9.5% to JPY114.03B, To Resume Shr Trading Tmr


FAST RETAIL-DRS (06288.HK) announced that for the six months ended February 2019, net profit went up 9.5% yearly to JPY114.029 billion. DPS was JPY240.

The company has made an application to resume trading in shares from 9:00 a.m. on 12 April.

Source: AAStocks Financial News
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