Fast Retailing announced its interim results, with profit attributable to the parent company amounting to JPY 233.566 billion, a year-on-year increase of 19.2%. Trading will resume on April 11

According to the Zhitong Finance APP, Fast Retailing (06288) announced its interim results for the six months ending February 28, 2025, with revenue of approximately JPY 1,790.198 billion, a year-on-year increase of 12%. The total consolidated operating profit was JPY 304.2 billion, a year-on-year increase of 18.3%. Profit attributable to the parent company was JPY 233.566 billion, a year-on-year increase of 19.2%. Basic earnings per share were JPY 761.38. In addition, the company will apply to the Stock Exchange for the resumption of trading of Hong Kong Depositary Receipts starting from 9:00 AM on April 11, 2025 (Friday). In the Japan UNIQLO segment, the total revenue for the first half of the fiscal year was JPY 541.5 billion (an increase of 11.6% year-on-year), and the total operating profit was JPY 97.6 billion (an increase of 26.4% year-on-year), with both revenue and operating profit showing significant growth. This segment launched strategic products and marketing measures in response to temperature changes, resulting in strong sales focused on seasonal products and warm clothing, further boosted by purchases from inbound travelers, leading to a 9.8% year-on-year increase in same-store sales (including online stores). The gross profit margin increased by 0.8 percentage points year-on-year due to improved discount rates. The ratio of selling, general, and administrative expenses to revenue improved by 1.4 percentage points year-on-year due to a decrease in personnel and rental expense ratios. In the overseas UNIQLO segment, the total revenue for the first half of the fiscal year was JPY 1,014.1 billion (an increase of 14.7% year-on-year), and the total operating profit was JPY 168.5 billion (an increase of 11.7% year-on-year), with both revenue and operating profit showing significant growth. Revenue and operating profit increased significantly in Southeast Asia, India, Australia, North America, and Europe, supported by growing global demand for UNIQLO's core products, driving continuous performance expansion. In the GU segment, the total revenue for the first half of the fiscal year was JPY 165.8 billion (an increase of 3.9% year-on-year), and the total operating profit was JPY 13.9 billion (a decrease of 9.3% year-on-year), with revenue growth but a decline in profit. Although the Barrel Leg tapered jeans, warm padded jackets, and classic Melton coats were favored by customers, the lack of popular items that are not affected by temperature and can capture mainstream trends, along with insufficient inventory of hot-selling products, resulted in same-store sales slightly above the same period last year. The decline in operating profit year-on-year was due to the opening of flagship stores in the United States, increased rent and headquarters expenses, and increased advertising expenses due to strategic increases in television advertising in Japan. In the global brand segment, the total revenue for the first half of the fiscal year was JPY 67.7 billion (a decrease of 2.3% year-on-year), and the total operating profit was JPY 0.9 billion (compared to a loss of JPY 1.7 billion in the same period last year), achieving a turnaround to profitability. Although the Theory business experienced a decline in revenue due to poor sales, all brands under this segment are committed to improving gross profit margins and the ratio of selling, general, and administrative expenses to revenue, resulting in a decline in revenue but a turnaround to operating profit