Profit Decline In Latest Annual Report

UNIQLO parent company Japan

Fast Retailing's latest fiscal year (from early September 2013 to the end of August 2014): group turnover increased by 21% to 10 billion euros (13830 yen), but the local market grew by only 14.2%.

UNIQLO Japanese sales increased by 4.7% to 5 billion 200 million euros, of which domestic market sales fell to 51.7%, compared with 59.8% in the previous fiscal year.

The sales of UNIQLO's international market increased by 64.7% to 3 billion euros, and the export sales of the brand now account for 29% of fast retailing group's retail revenue, and only 22% in the last fiscal year.

Other brands of XXX group were classified into the Global Brands department. Sales revenue increased by 1 billion 800 million euros, an increase of 21.8%, accounting for 18.2% (+0.2%) of the group's total revenue and remained stable.

GU and Theory sales increased, but profit growth was not obvious; French brand Comptoir des Cotonniers sales and

All of them showed growth; by contrast, the French brand Princess TamTam was also a decline in profits despite the increase in turnover.

Affected by tax increases, the purchase of fist products - fluffy coats and sweating vests declined, and group net profit fell by 29% to 74 billion 500 million yen.

Affected by the slowdown in Japan's regional growth, XXX plans to close eight Japanese UNIQLO stores.

however

Market sales exceeded expectations, so the group plans to seize this good momentum and open 185 overseas stores.

The proportion of XXX group accounts for almost 1/10 of the total market value of the Nikkei 225 index.

In the current fiscal year, Xun Group expects to rebound in its performance: profit growth is 34%, reaching 100 billion yen, sales increased by 16%, reaching 16000 billion yen.