Home / Knowledge / News / Apparel/Garments / 9M sales at apparel marketer Fast Retailing soar 23.9%
9M sales at apparel marketer Fast Retailing soar 23.9%
10
Jul '15
In the nine months to May 31, 2015, sales soared 23.9 per cent year over year at Japanese apparel marketer retailer Fast Retailing Group, which has in its portfolio clothing brands like Uniqlo, etc.

In the period between September and May 2015, revenue at the garment marketer expanded 23.9 per cent from the same period of the previous fiscal to ¥1.3481 trillion.

“In the same period, operating profit surged 35.5 per cent over the nine months to May 2014 to ¥189.2 billion,” a Fast Retailing press release informed.

“All three business segments reported increases in both revenue and profit, with Uniqlo International reporting especially strong gains in both parameters,” the company said.

At the same time, both, profit before income taxes and profit attributable to owners of the parent increased by a greater margin than operating profit.

“This was due largely to the depreciation of the Japanese yen over the reporting period, which boosted the carrying amount of foreign-currency denominated assets, generating net finance income of ¥21.0 billion.

Procurement of some spring/summer items at spot exchange rates boosted the cost of sales, however, the SG&A to revenue ratio improved by 0.9 points.

For full fiscal 2015, Fast Retailing expects a record performance, with group revenue expected to reach ¥1.65 trillion, up 19.3 per cent year on year.

It also expects operating profit to amount to ¥200.0 billion, a massive jump of 53.4 per cent and profit before income taxes at ¥211.5 billion, again a rise of 56.1 per cent, all when compared with fiscal 2014.

It has also forecast that profit attributable to owners of the parent will reach ¥120.0 billion in fiscal 2015, a steep hike of 61.0 per cent over the previous fiscal.

This would generate earnings per share of ¥1,177.41 in the current fiscal and expects to pay an annual dividend of ¥350 per share, divided equally into interim and year-end dividends of ¥175 each.

The Fast Retailing Group also expects that its global store network will expand by 229 outlets to 2,982 stores by the end of the fiscal or August 2015.

The figure includes 840 Uniqlo Japan direct-run and franchise stores, 801 Uniqlo International stores and 1,341 Global Brands stores. (AR)

Fibre2Fashion News Desk - India


Must ReadView All

Indian govt approves special package for leather, footwear

Textiles | On 16th Dec 2017

Indian govt approves special package for leather, footwear

The Union Cabinet chaired by PM Narendra Modi has approved a special...

EU parliament resolution calls for Cambodia sanctions

Apparel/Garments | On 16th Dec 2017

EU parliament resolution calls for Cambodia sanctions

Following the ongoing crackdown in Cambodia on the opposition and...

Affordable prices to be hit if US pulls out of NAFTA: NRF

Apparel/Garments | On 16th Dec 2017

Affordable prices to be hit if US pulls out of NAFTA: NRF

US retailers’ ability to offer consumers quality products at...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Urmil Arya

Sushila International, a well established textile organisation established ...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kevin Nelson
TissueGen

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Mike Hoffman
Gildan Activewear SRL

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

Pranav Mishra
Huemn

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

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

December 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
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

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
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

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
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

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
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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