Fast Retailing ( Uniqlo ) 6288

Re: Fast Retailing ( Uniqlo ) 6288

Postby winston » Thu Oct 08, 2015 8:36 pm

Uniqlo to rein in U.S. store openings after missing profit guidance

BY CHRIS GALLAGHER AND CHRISTOPHER CUSHING

Japanese clothing firm Fast Retailing Co (9983.T) said on Thursday it would open fewer U.S. stores for its core Uniqlo brand this year after a rapid expansion failed to entice customers, leading to a lower-than-forecast annual profit.

Fast Retailing, which is seeking to overtake Zara-owner Inditex (ITX.MC) and H&M (HMb.ST) as the world's biggest fashion retailer, said it would only open five Uniqlo stores in the United States in the fiscal year that began on Sept. 1, after opening just over three times as many stores last year.

Impairment losses worth 16.1 billion yen ($135 million), related to some of its U.S. Uniqlo stores, as well as its more upmarket J Brand denim label and other brands, contributed to the company missing its own forecast for a 200 billion yen operating profit for 2014/15.

It posted a 164.5 billion yen profit instead, a 26 year-on-year percent increase.

"The (U.S. losses) were partly due to the rapid expansion with 17 new stores opening in the year," Chief Financial Officer Takeshi Okazaki told an earnings briefing.

"The brand also still doesn't have a lot of recognition in the United States."

Led by Chief Executive Tadashi Yanai, Fast Retailing had set an ambitious goal of opening 100 Uniqlo stores in the United States, the world's biggest clothing market, over the next few years.

As of the fiscal year that just ended, it had a total of 42 stores there, but the brand has struggled to compete in a crowded market place where rivals such as Gap Inc (GPS.N) are already well established.

For the current year, Asia's biggest apparel retailer said it would again aim for an operating profit of 200 billion yen, lower than the average estimate among 20 analysts of 228 billion yen. It projects revenue to rise 13 percent to 1.9 trillion yen.

Source: Reuters
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 99943
Joined: Wed May 07, 2008 9:28 am

Re: Fast Retailing ( Uniqlo ) 6288

Postby winston » Thu Jan 07, 2016 3:25 pm

[b]<Result Ann>FAST RETAIL-DRS (06288.HK) 1Q Operating Profit Down 16.9% YoY[/b]

FAST RETAIL-DRS (06288.HK) announced its first quarter results for the period ended 30 November 2015.

Its consolidated profit amounted to JPY520.3 billion, up 8.5% yearly. The consolidated operating profit slid 16.9% yearly to JPY75.9 billion.

The drop was mainly attributable to the abnormal warm winter in the Northern Hemisphere, which affected the sales of Japan's Uniqlo and overseas Uniqlo, as well as the decrease in foreign exchange gain.

The group thus decided to lower the consolidated results forecast for the fiscal year 2016. It is estimated that the consolidated revenue would reach JPY1,800 billion, up 7% yearly. The operating revenue would equal JPY180 billion, up 9.4% yearly.

Two figures were trimmed by JPY100 billion and JPY20 billion respectively as compared to the estimation made in October 2015.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 99943
Joined: Wed May 07, 2008 9:28 am

Re: Fast Retailing ( Uniqlo ) 6288

Postby winston » Thu Jan 07, 2016 3:25 pm

<Result Ann>FAST RETAIL-DRS (06288.HK) 1Q Operating Profit Down 16.9% YoY

FAST RETAIL-DRS (06288.HK) announced its first quarter results for the period ended 30 November 2015.

Its consolidated profit amounted to JPY520.3 billion, up 8.5% yearly. The consolidated operating profit slid 16.9% yearly to JPY75.9 billion.

The drop was mainly attributable to the abnormal warm winter in the Northern Hemisphere, which affected the sales of Japan's Uniqlo and overseas Uniqlo, as well as the decrease in foreign exchange gain.

The group thus decided to lower the consolidated results forecast for the fiscal year 2016. It is estimated that the consolidated revenue would reach JPY1,800 billion, up 7% yearly. The operating revenue would equal JPY180 billion, up 9.4% yearly.

Two figures were trimmed by JPY100 billion and JPY20 billion respectively as compared to the estimation made in October 2015.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 99943
Joined: Wed May 07, 2008 9:28 am

Re: Fast Retailing ( Uniqlo ) 6288

Postby winston » Fri Jan 08, 2016 6:49 am

not vested

Weather blamed in Uniqlo profit drop

Fast Retailing (6288), the Japan-based owner of Uniqlo, saw net profit for the three months to November 30, tumble 30.2 percent from a year earlier due to the weaker yen and unseasonably warm winter.

Asia's largest clothing retailer has cut its annual net profit forecast for 12 months ending August 31, 2016, down 4 percent to 110 billion yen (HK$7.23 billion) and operating profit down 10 percent to 180 billion yen.

Net profit for the three months ended November 30 fell to 48.02 billion yen, with basic earnings per share sliding to 471.07 yen. That compared to a 63.9 percent year-on-year increase in its first quarter net profit a year earlier.

Operating profit fell 17 percent
to 75.9 billion yen from a year back.

Revenues rose 8.5 percent to 520.3 billion yen. Revenues in Japan fell short of expectations, the firm said, down 0.7 percent from a year back to 230.9 billion. The overseas performance also fell short of expectations, as the firm reported a rise in revenue but decline in profit.

The warm winter dragged down same store sales in its largest foreign market Greater China that includes the mainland, Hong Kong and Taiwan.

Markets like South Korea and the United States were also affected.

Yen devaluation was the main factor leading to a 29 billion yen slide in profit before income taxes, the firm said.

Fast Retailing will launch its spring clothing lineup earlier and introduce products that are less weather-sensitive, chief financial officer Takeshi Okazaki said in Tokyo yesterday.

The stock slipped 1.7 percent to HK$25.90 yesterday as it was halted prior to the results.

Trading resumes today.

Source: BLOOMBERG
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 99943
Joined: Wed May 07, 2008 9:28 am

Re: Fast Retailing ( Uniqlo ) 6288

Postby winston » Fri Jan 08, 2016 6:49 am

not vested

Weather blamed in Uniqlo profit drop

Fast Retailing (6288), the Japan-based owner of Uniqlo, saw net profit for the three months to November 30, tumble 30.2 percent from a year earlier due to the weaker yen and unseasonably warm winter.

Asia's largest clothing retailer has cut its annual net profit forecast for 12 months ending August 31, 2016, down 4 percent to 110 billion yen (HK$7.23 billion) and operating profit down 10 percent to 180 billion yen.

Net profit for the three months ended November 30 fell to 48.02 billion yen, with basic earnings per share sliding to 471.07 yen. That compared to a 63.9 percent year-on-year increase in its first quarter net profit a year earlier.

Operating profit fell 17 percent
to 75.9 billion yen from a year back.

Revenues rose 8.5 percent to 520.3 billion yen. Revenues in Japan fell short of expectations, the firm said, down 0.7 percent from a year back to 230.9 billion. The overseas performance also fell short of expectations, as the firm reported a rise in revenue but decline in profit.

The warm winter dragged down same store sales in its largest foreign market Greater China that includes the mainland, Hong Kong and Taiwan.

Markets like South Korea and the United States were also affected.

Yen devaluation was the main factor leading to a 29 billion yen slide in profit before income taxes, the firm said.

Fast Retailing will launch its spring clothing lineup earlier and introduce products that are less weather-sensitive, chief financial officer Takeshi Okazaki said in Tokyo yesterday.

The stock slipped 1.7 percent to HK$25.90 yesterday as it was halted prior to the results.

Trading resumes today.

Source: BLOOMBERG
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 99943
Joined: Wed May 07, 2008 9:28 am

Re: Fast Retailing ( Uniqlo ) 6288

Postby winston » Thu Feb 25, 2016 1:21 pm

Feb 5, 2016

not vested

Japan's Uniqlo Allows Online Shoppers to Collect Goods in 7-Eleven Freely

FAST RETAIL-DRS (06288.HK)'s Uniqlo and 7-Eleven in Japan announced that starting from 16 February, the online shoppers from the capital circle can collect the Uniqlo products in 7-Eleven without any charges, Kyodo reported.

The pick-up service will be available in around 5,700 convenient stores in Saitama, Chiba, Tokyo and Kanagawa at the beginning and extended to the whole country within 2016.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 99943
Joined: Wed May 07, 2008 9:28 am

Re: Fast Retailing ( Uniqlo ) 6288

Postby winston » Thu Apr 07, 2016 3:21 pm

<Result Ann>FAST RETAIL-DRS 6-Month Net Profit Tumbles 55.1% YoY to 47B Yen

FAST RETAIL-DRS (06288.HK) announced the results for the six month ended 29 February 2016.

Net profit amounted to 47 billion yen, representing a year on year decrease of 55.1%.

Consolidated revenue reached 1011.6 billion yen, up 6.5% from a year earlier.

Consolidated operating profit totaled 99.3 billion yen, down 33.8% against the year-ago period.

Due to worse than expected results, the group trimmed FY16 consolidated results (for the year ended 31 August 2016) and expected full year consolidated revenue to reach 1800 billion yen, representing a year on year rise of 7%.

Operating profit is expected to be 120 billion yen.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 99943
Joined: Wed May 07, 2008 9:28 am

Re: Fast Retailing ( Uniqlo ) 6288

Postby winston » Thu Apr 07, 2016 3:21 pm

<Result Ann>FAST RETAIL-DRS 6-Month Net Profit Tumbles 55.1% YoY to 47B Yen

FAST RETAIL-DRS (06288.HK) announced the results for the six month ended 29 February 2016.

Net profit amounted to 47 billion yen, representing a year on year decrease of 55.1%.

Consolidated revenue reached 1011.6 billion yen, up 6.5% from a year earlier.

Consolidated operating profit totaled 99.3 billion yen, down 33.8% against the year-ago period.

Due to worse than expected results, the group trimmed FY16 consolidated results (for the year ended 31 August 2016) and expected full year consolidated revenue to reach 1800 billion yen, representing a year on year rise of 7%.

Operating profit is expected to be 120 billion yen.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 99943
Joined: Wed May 07, 2008 9:28 am

Re: Fast Retailing ( Uniqlo ) 6288

Postby winston » Sat Apr 09, 2016 5:38 pm

Not So Fast

By Christopher Langner and David Fickling


Source: Bloomberg

http://www.bloomberg.com/gadfly/article ... ds-to-slow
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 99943
Joined: Wed May 07, 2008 9:28 am

Re: Fast Retailing ( Uniqlo ) 6288

Postby winston » Fri Jun 03, 2016 10:41 am

not vested

Fast Retailing Soars: Uniqlo May Sales Show Signs Of Recovery

By Shuli Ren

Fast Retailing (9983.Japan) soared 6.3% in Tokyo after its casual wear fast-retail chain Uniqlo reported sales growth in Japan in the last month.

In May, Uniqlo’s Japan same-store sales rose 5.9% from a year ago, even though customer traffic fell 3.6%. Average purchase increased by 9.9% to make up for the customer shortfall.

Nomura Securities‘s Masafumi Shoda wrote:

Considering the negative impact of 2-3ppt from calendar factors, a bottoming appears to be taking shape. While jogger pants remained strong, trendy merchandise such as women’s t-blouses and embroidered t-shirts also emerged as drivers.

Another contributing factor was the successful expansion of the mainstay Airism line to bottoms. Even factoring out the boost from the customer appreciation sale at the end of the month, signs are beginning to emerge that the company is successfully asserting leadership on both price and fashion.

Profitability will likely decline both overseas and in Japan in Mar-May 2016 with retooling under way, but we think it will improve in Jun-Aug thanks in part to the likelihood of a rebound from prior-year results dampened by unseasonable weather.

Source: Barron's Asia
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 99943
Joined: Wed May 07, 2008 9:28 am

PreviousNext

Return to D to K

Who is online

Users browsing this forum: No registered users and 2 guests