Home / Knowledge / News / Apparel/Garments / Fast Retailing Q3'FY14 operating income rises 9.9%
Fast Retailing Q3'FY14 operating income rises 9.9%
11
Jul '14
Fast Retailing announces third quarter results for fiscal 2014.
 
Group Performance: Operating income up 9.9% in nine months from September 2013-May 2014. The Fast Retailing Group reported gains in both sales and income in the nine months to May 2014, with consolidated net sales reaching JP\1.088 trillion (+22.8% y/y), and operating income expanding to \136.2 billion (+9.9%). All Group operations reported rising sales and operating income, with UNIQLO International reporting a particularly strong expansion in both sales and income over the nine-month period. In terms of non-operating income, the Group reported a year-on-year contraction in foreign exchange profits of \12.5 billion. As a result, both ordinary income and net income contracted slightly year-on-year.
 
UNIQLO Japan: Full-year profit expected to rise on improved gross profit margin Same-store sales maintained favorable growth, rising 2.8% year-on-year in the three months to May 2014. Operating income expanded 27.1% year-on-year in the same period, thanks to a significant improvement in the gross profit margin. We forecast that operating income for fiscal 2014 as a whole will expand by 3.3% to \100.0 billion.
 
UNIQLO International: Another strong performance from Greater China, South Korea, and Europe Sales and income expanded by over 70% year-on-year in the three months to May 2014, thanks to especially strong gains in net sales and operating income at UNIQLO operations in Greater China (Mainland China, Hong Kong, and Taiwan), South Korea, and Europe. At UNIQLO USA, our three New York feature stores generated further double-digit growth in combined sales. However, we estimate UNIQLO USA will remain in the red in fiscal 2014, due to the cost of opening a larger number of new stores than initially planned throughout the year. The successful opening of the first UNIQLO stores in Australia and Germany in April further boosted worldwide recognition of the UNIQLO brand.
 
Global Brands: GU and J Brand fall slightly short of target Operating income for the Global Brands segment fell slightly short of target in the three months to May 2014, following a disappointing performance from both GU and J Brand. However, we expect the segment to generate gains in both sales and income for the full business year to August 31, 2014.
 
Fiscal 2014 Consolidated Estimates:
Group sales: \1.370 trillion (+19.9%), operating income: \145.5 billion (+9.5%), ordinary income: \149.5 billion (+0.3%), net income: \78.0bln (-13.7%), earnings per share: \765.34, annual dividend forecast: \300 per share (interim dividend: \150, year-end dividend: \150).
 
Click here to view full results.
 

Fast retailing

Must ReadView All

Textiles | On 25th Aug 2016

GST rate of 18% should be ideal: CII President

Goods and Services Tax (GST) rate of 18 per cent would be ideal, and...

Courtesy: Sybly Industries

Textiles | On 25th Aug 2016

Sybly starts manufacturing recycled polyester yarn

Polyester yarn manufacturer Sybly Industries Limited has started...

Textiles | On 25th Aug 2016

Prepare development strategy to 2025: VITAS tells govt

The Vietnam Textile and Garment Association (VITAS) has urged the...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

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

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Suresh Patel
Sidwin Fabric

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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
August 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search