Fast Retailing ( Uniqlo ) 6288

Re: Fast Retailing ( Uniqlo ) 6288

Postby winston » Fri Apr 11, 2014 6:34 pm

Fast Retailing Drops in Tokyo After Profit Forecast Cut By Yuki Yamaguchi

http://www.bloomberg.com/news/2014-04-1 ... japan.html
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Re: Fast Retailing ( Uniqlo ) 6288

Postby winston » Fri Apr 11, 2014 6:37 pm

High Multiple

Fast Retailing’s price fell to about 37 times estimated earnings per share, still the highest multiple among the 10 largest global apparel retailers, according to data compiled by Bloomberg.

Larger rival Inditex SA, operator of the Zara chain, trades at 26 times projected profit, while Hennes & Mauritz AB (HMB) is at 23 times.
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Re: Fast Retailing ( Uniqlo ) 6288

Postby winston » Mon Apr 14, 2014 7:39 pm

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Fast Retailing (06228.HK) reportedly in talks for acquisition of UK brand Cath Kidston
2014-04-14

According foreign media, Fast Retailing (06228.HK), the parent company of UNIQLO, is currently in talks regarding the acquisition of the British home goods brand Cath Kidston, the value of which is estimated to reach GBP250 million (approximately HK$3.24 billion).

However, Fast Retailing may face the competition from LVMH.


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

Postby winston » Fri Apr 18, 2014 8:03 pm

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FAST RETAIL-DRS (06288.HK): HDR holders not entitled to receive interim dividend

2014-04-16

FAST RETAIL-DRS (06288.HK) -0.400 (1.584%) announced HDR Holders are not entitled to receive the interim dividend declared for the six months ended February 28, 2014, since the listing date of the group in HK was 5 March.


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

Postby winston » Fri Jul 11, 2014 5:07 am

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Fashion is stretched

Japan's Fast Retailing (6288) cut its full-year net profit forecast 14 percent to account for a possible impairment loss at a money-losing premium denim business.

That was even after strong overseas sales at its flagship Uniqlo brand stores helped third-quarter operating profit grow 21 percent, which was in line with forecasts.

Asia's biggest fashion retailer cut its full-year net profit target to 78 billion yen (HK$5.97 billion) from 88 billion to account for a possible loss on J Brand jeans, citing tough competition in the premium denim market.

For its March-May third quarter, operating profit was 33 billion yen, and sales rose 19.4 percent to 323.6 billion.

Fast Retailing kept its annual operating profit forecast for the year ending on August 31 unchanged at 145.5 billion yen. Achieving that target would represent a 9.5-percent rise on the year for Fast Retailing.

There was a 71-percent rise in overseas sales for Uniqlo, but it faces less profitability at home as a weaker yen raises the cost of imports and textile prices climb.

Uniqlo, which books half of its sales in Japan, is soon to raise prices there to offset costs. But it faces more costs from hiring 16,000 staff amid high turnover of part-timers.

Source: REUTERS
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Re: Fast Retailing ( Uniqlo ) 6288

Postby winston » Mon Jul 21, 2014 7:38 am

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Fast Retailing ramping up

Clothing concern Fast Retailing (6288) opened 32 Uniqlo stores in China during the first half, rapidly expanding its brand in the mainland.
Uniqlo, which sells clothes for men, women and children, earlier accelerated the pace of new store openings outside of Japan to boost its visibility.

As at the end of June, there were 289 Uniqlo outlets in China.

Following in the footsteps of the Japanese chain, Swedish multinational clothing retailer H&M opened 24 stores in the mainland during the first-half year.

Uniqlo recorded net sales of 1.09 trillion yen (HK$81 billion) for the nine months ending May 30, up 22.8 percent from a year earlier.

Its parent company, Fast Retailing, said that more than 30 percent of the consolidated net sales over the nine-month period were from stores in Asia and Europe. It also said stores in China, Taiwan and Hong Kong had exceeded expectations, generating significant gains in both net sales and income.

But Uniqlo noted net income fell 4.1 percent to 85 million yen for the nine months to May from a year back, due to lower foreign exchange gains.

Fast Retailing was listed on March 5 this year in the form of Hong Kong Depositary Receipts on the main board. The HDRs are traded in one board lot of 300 notes each.

It closed at HK$24.90 on Friday, down 3.42 percent. There are currently 21 Uniqlo stores in the SAR.

Source: The Standard HK
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Re: Fast Retailing ( Uniqlo ) 6288

Postby winston » Fri Jan 09, 2015 6:41 am

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Uniqlo sales boost parent profit hopes

Japanese clothing firm Fast Retailing (6288) said it is considering lifting its full-year profit guidance, as global expansion takes root and with strong overseas sales at its flagship Uniqlo brand helping with a better-than-expected boost to quarterly profit.

In the September-November first quarter of the firm's fiscal year, overseas sales at its Uniqlo casual-wear chain jumped 47 percent from a year earlier.

That helped drive a 40 percent rise in operating profit to 91.4 billion yen (HK$5.92 billion), beating the average estimate of 77.71 billion yen in a poll of four analysts.

The company left its operating profit outlook for the year through August unchanged at 180 billion yen, but suggested it may have grounds to lift that target in future after its quarterly results came in better than expected.

"After the autumn/winter season, when things are clear after looking at each business and foreign exchange rates, we will consider a revision if needed," chief financial officer Takeshi Okazaki said yesterday.

Overseas sales at Uniqlo were particularly strong in Asia, led by Greater China and South Korea. Still, the United States was a weak spot.

Uniqlo sales in Japan rose 12 percent. Spending per customer also grew after the company hiked prices by 5 percent to offset the weaker yen, a factor that raises import costs.

Source: REUTERS
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Re: Fast Retailing ( Uniqlo ) 6288

Postby winston » Thu Jul 09, 2015 7:04 pm

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FAST RETAIL-DRS (06288.HK) Earns 36.2% More in 3Q

FAST RETAIL-DRS (06288.HK) announced the third quarter results for the year ended 31 May 2015.

Net profit amounted to JPY 27.6 billion, up 36.2% from a year ago.

Revenue totaled JPY398.4 billion, representing a 23.1% growth in the year-ago period.

In terms of dividend payout, the group expected to declare a total of JPY 350 per share in the whole year, including interim dividend of JPY 175 and final dividend of JPY 175.

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

Postby winston » Fri Aug 07, 2015 6:21 am

Fast spreads its wings

Japanese apparel chain Uniqlo's parent company, Fast Retailing (6288), is spreading its wings. The firm said this week it is in talks to form a partnership with Seven & i Holdings, operator of the 7-Eleven convenience stores.

Also this week, Fast Retailing said it was planning to broaden its collaboration with the Walt Disney Company. The two companies will jointly design products, including clothing and toys, featuring characters and themes from Disney, Marvel action, Star Wars and Pixar.

Tadashi Yanai, chairman and chief executive of Fast Retailing, hopes that through the collaboration with Disney, the company could lead the way in retail innovation, and sales in China would get a further boost.

"While sales of luxury goods are slumping in China, hurt by a crackdown on corruption and an economic slowdown, the market for US$5 [HK$39] T-shirts, US$10 polos and US$30 jeans like those sold at Uniqlo remains robust," Yanai told The Wall Street Journal.

With nearly 370 stores in China, Uniqlo plans to open 100 more annually in the future. Yanai said the total could eventually rise to 3,000, three times more than its stores in Japan. Fast Retailing shares fell 3.04 percent to HK$35.10 yesterday.

Source: The Standard HK
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Re: Fast Retailing ( Uniqlo ) 6288

Postby winston » Thu Oct 08, 2015 3:30 pm

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FAST RETAIL-DRS (06288.HK) Expects to Post 4.5% Rise in FY16 Net Profit

The company expected to record consolidated income of 1,900 billion yen for year 2016 (as of the year ended 31 August 2016), representing a growth of 13% as compared with that of 2015.

Operating profit is anticipated to rise to 200 billion yen, up 21.6% from a year earlier.

Net profit is estimated to be 115 billion yen, up 4.5% year-on-year, with EPS of 1,128.05 yen.

In addition, the group expected to declare annual dividend of 370 yen, including the interim dividend of 185 yen and final dividend of 185 yen.

Source: AAStocks Financial News
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