2H 54.7% rise especially strong. ■ Envisaged Future Business Profit Trend by Business Segment. Distributed by Public, unedited and … *Adoption of IFRS 16 from FY2020 boosted business profit by ¥3.0bln and operating profit by ¥1.2bln in FY2020. These products helped boost sales because they were marketed as offering versatile different looks for summer through fall and winter which appealed to more budget-conscious shoppers in the wake of COVID-19. ・Recorded ¥15.8bln impairment loss on stores mainly in USA and South Korea. Stronger discounting of Spring Summer ranges. S., SE Asia & Oceania: Large revenue, profit falls, Revenue down approx. ・1H: Predict large revenue and profit declines on continued COVID-19 impact. ・Early control of COVID-19. ・Operating loss widened significantly after gross profit margin and SG&A ratio both worsened and operation recorded an impairment loss on stores. ・Applying IFRS 16 includes right-of-use assets along with property, plant and equipment and intangible assets, bringing total FY2020 assets subject to impairment to approx. UQ Japan: +¥2.3bln: Spring Summer inventory up but stronger management of Fall Winter order flow. The company was founded as Ogōri Shōji Co., Ltd. in 1963 by Tadashi Yanai. S. Korea: Large revenue fall and an operating loss. Rose approx. )). While Thailand reported falling full-year revenue and profit, 4Q same-store sales recovered to near previous year's levels. ・Recovered at a faster pace than expected from March once COVID-19 had been brought under control thanks to a growing empathy for our LifeWear concept and support for UNIQLO as an essential everyday brand. Gross profit margin up on conservative discounting. ・2H: Expect large revenues gains and operating profit to more than double y/y. Vietnam posted a 2H profit on strong sales of Summer ranges. Global Brands: Revenue to rise, turn a profit. , "Fast Retailing Results for Fiscal 2018 and Estimates for Fiscal 2019 (4,390KB)", "Apparel and textile industry factsheets", "Fast Retailing buys majority stake in L.A. denim line J Brand", https://en.wikipedia.org/w/index.php?title=Fast_Retailing&oldid=981240138, Companies listed on the Tokyo Stock Exchange, Companies listed on the Hong Kong Stock Exchange, Articles with dead external links from September 2017, Articles with permanently dead external links, Articles containing Japanese-language text, Creative Commons Attribution-ShareAlike License, 1984 as Fast Retailing Co., Ltd. (name change), This page was last edited on 1 October 2020, at 03:46. ・Greater China 4Q revenue recovering favorably in Mainland China and Taiwan. ¥150.0bln, operating profit 40%. ・Revenue, profit outperformed on faster recovery in Mainland China, Taiwan. ・Having predicted a full-year profit decline in July, revenue and profit rose sharply on a much higher-than-expected recovery in Q4, resulting in a full-year profit gain. Full-year SG&A ratio: 35.9%(+1.0p y/y) Down in monetary terms and versus plan. Rate of e-commerce sales growth may slow a little compared to previous year. In 2012, the company purchased an 80% stake of premium denim company J Brand for US$290 million and US$10 million in advisory legal fees. Fast Retailing Co. Ltd. published this content on 14 October 2020 and is solely responsible for the information contained therein. ・End-August inventories up ¥2.3bln y/y. Fast Retailing Co. Ltd. published this content on 14 October 2020 and is solely responsible for the information contained therein. Slight excess of Spring inventory but mainly core items so expect to normalize over Fall Winter season. ・Large sales decline on temporary store closures and stay-at-home practices. ・IFRS 16 application sharply increased depreciation costs, reduced store rents. *Adoption of IFRS 16 from FY2020: almost no impact on business profit, operating profit down ¥0.5bln in FY2020. Heavier discounting of Spring Summer ranges to actively rundown inventory. ・While stores gradually reopened in the Philippines and Indonesia from June, continued heavy COVID-19 impact resulted in large revenue decline and an operating loss in 2H. PLST: Revenue, profit down. Comptoir des Cotonniers: Large revenue decline, continued operating loss.