Fast Retailing ( Uniqlo ) 6288

Re: Fast Retailing ( Uniqlo ) 6288

Postby winston » Tue Jul 05, 2016 9:46 am

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Uniqlo Owner Sees June Sales Behind Forecast, Suspends Bangladesh Travel

By Shuli Ren

Fast Retailing (9983.Japan), owner of clothing chain Uniqlo, fell 3.5% in Tokyo after its June sales fell short of expectations.

In the second quarter, same-store sales at Uniqlo Japan rose 3.2% from a year ago, behind the company’s full-year guidance of 4% growth. In June, while same-store per-customer spend rose 8.5% from price hikes, customer traffic fell 3.6%.

After the terrorist attack last Friday in Bangladesh which resulted in the death of 7 Japanese citizens, Fast Retailing said it would suspend all non-essential business travel to Bangladesh. Bangladesh is one of the major Uniqlo production hubs outside China.

“Q3 profits are likely to have fallen as restructuring moves dent margins in Japan and overseas, with overseas operations in particular experiencing the negative aspects of yen appreciation, for example currency translation losses, before the positive aspects start to kick in,” noted Nomura Securities‘ Masafumi Shoda.

Source: Barron's Asia

http://blogs.barrons.com/asiastocks/201 ... sh-travel/
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Re: Fast Retailing ( Uniqlo ) 6288

Postby winston » Thu Jul 14, 2016 3:32 pm

<Result Ann>FAST RETAIL-DRS 1-3FQ Net Profit Down 46.4%

FAST RETAIL-DRS (06288.HK) reported the result for the third quarter period ended in May 2016.

The group's revenue in the first nine months to May 31, 2016 rose to JPY1.4346 trillion, a 6.4% increase compared with the same period a year ago, while the operating profit declined 23% to JPY145.8 billion.

The rise in the yen over the period resulted in profit before income tax falling 41.9% from a year ago to JPY122 billion.

Profit attributable to shareholders during the period also plunged 46.4% from a year ago to JPY71 billion.

Nevertheless, with UNIQLO Japan and UNIQLO International improving their performance in the third quarter period ended in May 2016, the group reported a 6.2% rise in consolidated revenue in the three month period compared with a year ago, and an 18.6% rise in operating profit.

The EPS was lowered to JPY441.41 per share, and expected the yearly EPS to be at JPY350, including interim dividend of JPY185.

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

Postby winston » Fri Jul 15, 2016 9:39 am

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Fast Retailing Soars 15%: Uniqlo Japan Finally Growing, Nomura Raises To Buy

By Shuli Ren

Fast Retailing (9983.Japan/FRCOY), the owner of apparel chain Uniqlo, jumped over 15% this morning to its highest level since late April, after reporting strong May quarter earnings.

Between March and May, Fast Retailing reported an 18.6% rise in operating profit, mainly due to improvements in the Uniqlo Japan segment. Same-store sales rose 2.8% and gross margin improved 0.9 percentage points.

As a result, Uniqlo Japan’s operating profit rose 21%. Fast Retailing’s global brand and international segments increased their profits by 9% and 11% only.

Even though Fast Retailing lowered its full-year outlook on stronger yen, Nomura Securities decided to upgrade the stock to Buy anyhow, because Uniqlo Japan’s profit is finally growing thanks to higher margins. A stronger yen does not pinch domestic sales.

Source: Barron's Asia

http://blogs.barrons.com/asiastocks/201 ... es-to-buy/
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Re: Fast Retailing ( Uniqlo ) 6288

Postby winston » Tue Oct 18, 2016 8:07 am

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UNIQLO expands with more budget outlets in SAR

by Esther Yu

Fast Retailing (6288), which operates UNIQLO chain, will open next spring two stores under its budget chain, GU.

One of the new outlets will open in Windsor House in Causeway Bay and the other in Mira Mall in Tsim Sha Tsui, marking further expansion of the Japanese brand, which already has 25 stores in Hong Kong.

The Causeway Bay outlet will have a gross floor area of 9,400 square feet, while the Tsim Sha Tsui store will have a GFA of 10,800 sq ft.

About 150 to 200 locals will be employed in the new outlets. GU is known for its low pricing and basic styles. For instance, a pair of jeans can be bought at GU for as low as 990 yen (HK$73.88) and most of its items are priced below 1,990 yen, or about 30 to 50 percent lower than prices at UNIQLO.

Another 40 new GU outlets will be opened next year as it undertakes a major expansion. More than 350 of its outlets though are in Japan and only 10 are outside the country in places including Shanghai and Taiwan.

The budget brand is expected to benefit from Japan's slowing economy as spending on cheaper fashion is likely to rise.

GU chief executive Osamu Yunoki said he hopes to see 50 new stores outside Japan in three years contributing at least 10 percent to total revenue.

UNIQLO executive vice president and chief financial officer Takeshi Okazaki said Greater China is the focus of the group's expansion as it aims to have 1,000 stores in the region by 2020.

He said about 100 new stores will be opened next year. The local stores, together with 387 outlets in China and 55 in Taiwan, serve as a profit engine. Their total sales in the year to August rose by 9.3 percent year-on-year versus the 2.5 percent sales growth in Japan.

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

Postby winston » Mon Apr 17, 2017 5:47 am

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Fast Retailing: 2Q Profit Jumps 80%; Expects Strong 2017

By Isabella Zhong

While Fast Retailing’s first-half operating profit increased 31.5% compared to a year ago, revenues grew only a modest 0.6% as warmer-than-usual temperatures weighed on sales in January and February.

But a 1.5 percentage point improvement in gross profit margins on the back of cost cutting helped profits to grow at a faster pace than revenues.

A weaker Japanese yen helped Fast Retailing’s net profit to grow 106.7% year-on-year in the first half half to JPY97 billion.


Fast Retailing shares are down 17% this year and trade at 30 times forward earnings, which is below a five-year average of 33 times.

Analysts have an average hold rating on the stock.


Source: Barron's Asia

http://blogs.barrons.com/asiastocks/201 ... rong-2017/
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Re: Fast Retailing ( Uniqlo ) 6288

Postby winston » Tue Jun 06, 2017 3:42 pm

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Apr 13, 2017

<Result Ann>FAST RETAIL-DRS 1HFY17 Net Profit Soars 106.7% to JPY97.2B, Boosted by Weaker JPY

FAST RETAIL-DRS (06288.HK), the operator of Uniqlo and GU, announced the result for the six months ended 28 February 2017 (1HFY17).

During the period, net profit soared 106.7% yearly to JPY97.2 billion, due to a higher translation adjustment on foreign currency denominated assets for 1HFY17 on the back of a weaker yen, resulting in a foreign exchange gain of JPY15.4 billion.

An interim dividend of JPY175 per share was declared.

The group expected that for the entire FY17, the net profit can grow 108.1% yearly to JPY100 billion, and the revenue can grow 3.6% yearly to JPY1.85 trillion.

The group expected the full-year DPS to be JPY350 in FY17, same as in FY16.

For 1HFY17, the group's revenue rose 0.6% yearly to JPY1.0175 trillion.

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

Postby winston » Fri Jul 14, 2017 7:36 am

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Foreign lift for retailer

by Dominique Nguy

Third-quarter operating profit for Japan's Fast Retailing (6288), owner of clothing chain Uniqlo, rose 7.5 percent on the back of brisk sales abroad.

Operating profit for the three months from March to the end of May was 49.9 billion yen (HK$3.44 billion). That compared with a figure of 52.8 billion yen from Thomson Reuters Starmine SmartEstimate, which was based on readings from six analysts.

Fast Retailing also recorded a 69.1 percent year-on-year growth in net profit to 120.1 billion yen in the nine months to May 31.

The apparel company said the jump in net profit was due in part to a higher adjustment on foreign currency on the back of the weaker yen.

Total revenue during the nine months was also up 3 percent year on year to 1.48 trillion yen.

Fast Retailing said the international branch of Uniqlo generated increases in revenue and profit compared to the corresponding period in the previous financial year, while Uniqlo in Japan reported higher revenue but lower profit.

The Uniqlo International network increased by 143 stores to 1,071 by the end of May.

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

Postby winston » Thu Oct 12, 2017 3:31 pm

<Research Report>FAST RETAIL-DRS (06288.HK) Annual Net Profit Soars 148% to Hit New High, Driven by Overseas Uniqlo

FAST RETAIL-DRS (06288.HK), the operator of Uniqlo and GU, announced the result for the fiscal year ended 31 August 2017.

During the period, net profit soared 148% yearly to JPY119.2 billion, hitting new high, mainly driven by a surge of operating profit of overseas Uniqlo, forex gain, etc.

The company predicted the net profit to rise 0.6% yearly to JPY120 billion in the next fiscal year.

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

Postby winston » Tue Oct 17, 2017 7:52 am

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Uniqlo to generate more revenue overseas than at home in Japan for first time in 2018

With 100 new stores planned in China, the market ‘holds huge potential and will be a target growth engine’, says Japanese retailer

“Some company executive have said before that our ultimate goal should be 3,000 stores in China,”


Its Japanese annual operating profit fell 6.4 per cent, compared with a 95.4 per cent and 47.5 per cent increases in its international markets and global brands segments.

Nearly 180 more Uniqlo stores are planned in 2018, 100 in Greater China, while only 30 stores are earmarked for Japan, which will be offset by 30 store closures in the country during the period.


Source: SCMP

http://www.scmp.com/business/china-busi ... first-time
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Re: Fast Retailing ( Uniqlo ) 6288

Postby winston » Fri Jan 12, 2018 8:24 am

Fast Retailing profit rises 12.7pc

by Samantha Wong

Fast Retailing Group (6288), the parent company of Japanese clothing chains Uniqlo and GU, said its net profit for the first quarter ended November 30 last year was 78.5 billion yen (HK$5.5 billion), up 12.7 percent from a year earlier.

Revenue amounted to 617 billion yen, 16.7 percent higher year-on-year.

During the reporting period, UNIQLO Japan reported a rise in revenue of 7.6 percent to 257 billion yen, while UNIQLO International's revenue rose 31.4 percent to 258.2 billion yen.

Its new GU business segment reported a 5.6 percent increase in revenue to 60.8 billion yen. The Global Brands segments' revenue climbed 13.8 percent to 40 billion yen.

The group's estimates for the financial year ending August 31 this year remain unchanged from the original forecasts issued at the start of the period.

It predicts revenue to expand to 2.05 trillion yen, up 10.1 percent year-on-year, with net profit increasing to 120 billion yen, resulting in earnings per share of 1,176.66 yen.

It also expects to offer the same 350 yen annual dividend per share for 2018 as in 2017. This will be split equally between interim and year-end dividends of 175 yen each.

Source: The Standard
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