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
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

Courtesy: Fancycrave.com from Pexels

Apparel/Garments | On 22nd Jun 2018

EU's retaliatory duty on US apparel takes effect

As part of the three-pronged response outlined by the European...

NCC applauds House passage of farm legislation

Textiles | On 22nd Jun 2018

NCC applauds House passage of farm legislation

The National Cotton Council (NCC) of the US has welcomed the passage...

Courtesy: Roman Pohorecki from Pexels

Apparel/Garments | On 22nd Jun 2018

UK launches inquiry on sustainability of fashion industry

The Environmental Audit Committee of the UK Parliament has launched...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Abhimanyu Singh Rathore & Barbara Anna Kosiorek

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Suresh Patel
Sidwin Fabric

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Bani Batra

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

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2018

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

news category

Related Categories:

Advanced Search