Home / Knowledge / News / Apparel/Garments / UNIQLO experiences contraction in Q3 profit, FAST RETAILING
UNIQLO experiences contraction in Q3 profit, FAST RETAILING
15
Jul '10
FAST RETAILING CO., LTD achieved significant gains in both revenue and profit through the third quarter, the nine months to May 2010. Net sales rose 22.7% year on year to ¥ 659.0bln, operating income rose 27.1% year on year to ¥ 123.4bln and net income increased by 35.2% year on year to ¥ 67.1bln.

UNIQLO Japan did experience a contraction in profit in the third quarter (March-May 2010) as unseasonably cold weather hindered customer traffic and same-store sales fell. While we have revised downward our second half estimates for UNIQLO Japan, we are still predicting the operation will generate increased sales and profit for the full business year through August 2010. We now estimate full-year net sales at UNIQLO Japan will rise 13.0% year on year to ¥ 608.0bln and operating income will rise 17.4% year on year to ¥ 130.0bln. Sales of SILKY DRY and SARAFINE innerwear made from functional materials proved strong during the spring/summer season. Our plan to open 31 large-format stores this business year is on track, and we expect to achieve our aggregate 808-store, including 20 franchise stores and 102 large-format stores, by the end of the business year,

UNIQLO International is enjoying a favorable expansion particularly in the Asian region. UNIQLO brand awareness is also increasing in the US and Europe generating improvements in sales and profit per store. We opened our first store in Russia in April of this year, while the May 15 opening of our fourth global flagship store, the Shanghai West Nanjing Road Store, met with phenomenal success. We estimate UNIQLO International net sales for the full business year through August 2010 will rise 93.2% to ¥ 73.0bln and that operating income will rise 301.2% to ¥ 6.5bln.

Within the Japan Apparel segment, our low-priced fashion operation g.u. continues its strong performance. Our Global Brands segment is producing considerable gains in both revenue and income following the incorporation of the Theory operation onto consolidated accounts from the third quarter 2009.

For the full business year through August 2010, we now estimate consolidated net sales will rise 19.0% year on year to ¥ 815.0bln and consolidated operating income will increase 22.4% year on year to ¥ 133.0bln. This represents a downward revision to our previous estimate announced April 8 of ¥ 19.0bln in net sales and ¥ 7.5bln in operating income. These estimates translate into profit per share of 663.16 yen. We predict an annual dividend per share of 230 yen: a 115 yen as interim dividend and a 115 yen as year-end dividend. This would represent a 70-yen rise in the dividend per share over last year.

Click here for more details

FAST RETAILING CO LTD

Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

Vietnam’s textile & garment exports earn $4bn in Jan-Feb

Vietnam earned $4 billion from textile and garment exports in the...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

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

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Sonam & Paras Modi
SVA

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, 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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search