Home / Knowledge / News / Apparel/Garments / H1FY15 operating profit zooms 40% at Fast Retailing
H1FY15 operating profit zooms 40% at Fast Retailing
14
Apr '15
In the six months to February 2015, revenue surged 24.2 per cent, while operating profit zoomed 40.2 per cent, both from a year ago periods, at Japanese apparel marketer Fast Retailing.

Fast Retailing which owns the Uniqlo brand, said its revenue rose 24.2 per cent year on year to ¥949.6 billion and operating profit expanded 40.2 per cent to ¥150.0 billion.

According to a Fast Retailing press release, all three business segments reported increases in both revenue and profit, with Uniqlo International especially reporting strong gains.

Profit before income taxes and profit attributable to owners of the parent both increased by a greater margin than consolidated operating profit.

“This was due largely to the depreciation of the Japanese yen, which boosted the appraisal value of foreign-currency denominated assets, generating net finance income of ¥13.5 billion,” it said.

At Uniqlo Japan, same-store sales grew 8.4 per cent from a year ago period from strong sales of core winter ranges such as Heattech, Ultra Light Down, sweatshirts and sweatpants.

“This strong sales trend reduced the need for discounting and in turn, boosted the gross profit margin, and resulted in a higher than expected rise in operating profit,” the apparel marketer noted.

Uniqlo International reported higher than expected increases in revenue and profit, with China, Hong Kong, Taiwan and South Korea reporting especially large gains.

The Global Brand segment too as expected, posted rising revenue and profit in the first half driven by its low-priced GU casualwear brand.

Strong sales of skirts, knitwear items and winter outerwear, and favourable sales of items in its new "GU Basic" category both helped boost first-half sales at existing GU stores.

For fiscal 2015, Fast Retailing projects group revenue at ¥1.65 trillion, up 19.3 per cent year on year and operating profit at ¥200.0 billion, also up a massive 53.4 per cent.

It expects profit before income taxes to amount to ¥211.5 billion, once again a steep gain of 56.1 per cent and profit attributable to owners of the parent at ¥120.0 billion, also higher at 61.0 per cent. (AR)

Fibre2fashion News Desk - India


Must ReadView All

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

Textiles | On 20th Jan 2018

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

The revenue from the petrochemicals segment at Reliance Industries...

Courtesy: Cotton USA

Textiles | On 20th Jan 2018

US cotton bodies pledge to support CCI activities

Ten US cotton organisations have pledged industry contributions in...

Surat traders want extension of deadline for e-way bills

Textiles | On 20th Jan 2018

Surat traders want extension of deadline for e-way bills

Textile traders in Surat have sought extension of the online e-way...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eamonn Tighe
Nature Works LLC

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

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

January 2018

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
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

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
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

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
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

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
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


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