Home / Knowledge / News / Apparel/Garments / Fast Retailing posts 13.2% sales growth in FY'12
Fast Retailing posts 13.2% sales growth in FY'12
12
Oct '12
The Fast Retailing Group releases results summary for the year ended on August 2012.

FY2012 Highlights: Fast Retailing Generates Growth in Sales and Income

  • Group Performance:

The Fast Retailing Group generated significant gains in both sales and income in fiscal 2012 or the 12 months from September 2011 through to the end of August 2012. Consolidated sales increased 13.2% year on year to ¥ 928.6bln, while operating income expanded 8.7% to ¥ 126.4bln and net income expanded an impressive 31.8% to ¥ 71.6bln.

  • UNIQLO Japan:

UNIQLO Japan sales expanded but income contracted in fiscal 2012. Sales increased 3.3% to ¥ 620.0bln while operating income contracted 3.6% to ¥ 102.3bln. Although same-store sales and income turned up in the first half, both measures decreased year on year in the second half as sales of spring clothing proved sluggish and persistently cool weather delayed sales of summer items.

  • UNIQLO International:

This segment achieved gains in both sales and income, with sales expanding 63.4% to ¥ 153.1bln and operating income expanding 22.9% to ¥ 10.9bln. Operations continued to expand in Asia thanks to our aggressive strategy for mass new store openings. The loss reported by UNIQLO USA expanded as sales at the three New York stores proved soft and leading investment was channeled into the flagship stores for brand building purposes. UNIQLO operations in China and South Korea generated gains in sales and income for fiscal 2012 as a whole, but the slowdown in economic conditions meant that both operations fell short of target in the fourth quarter from June to August 2012.

  • Theory:

Theory recorded another record operating profit on the back of continued strong sales growth especially in Japan and a nascent profit contribution from PLST.

  • g.u.:

The g.u. operation achieved significant gains in both sales and income with sales expanding to ¥ 58.0bln and operating income to approximately ¥ 5.0bln. The g.u. label has enjoyed a dramatic leap in visibility thanks to the opening of the Ginza flagship store in March and effective TV ads.

  • Fiscal 2013 Consolidated Estimates:

Consolidated sales are estimated to top one trillion yen for the first time in fiscal 2013, expanding 13.7% to ¥ 1.056 trillion, while operating income is expected to rise 13.5% to ¥ 143.5bln and net income to rise 17.9% to ¥ 84.5bln. These forecasts would generate earnings per share of 829.62 yen. UNIQLO Japan is forecast to generate gains in sales and income in fiscal 2013, while UNIQLO International is expected to generate further significant growth in both sales and income as the store network in Asia is actively expanded and losses at the UNIQLO USA are actively reduced. The Global Brands segment is also forecast to generate gains in sales and income due mainly to continued strong contributions from the g.u. and Theory operations.

  • Fiscal 2013 Dividend Payment:

We forecast an annual dividend of 260 yen per share for the year to end August 2012, split equally between an interim dividend of 130 yen and a year-end dividend of 130 yen. We plan to increase the annual dividend to 280 yen per share for the year to end August 2013.

Click here to read more details:

Fast Retailing Co. Ltd.


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search