UNIQLO Releases New Quarter Earnings To China And Korea Market

At present, UNIQLO has 814 stores in Japan, and 767 stores outside the country, including 442 in Greater China.

UNIQLO's parent company, Fast Retailing, has just released its first three quarter of fiscal year 2015 (end of May).

Group revenue grew 24% to 3 billion 270 million dollars, and profits increased 36% to 230 million dollars.

Behind the overall figures, China and South Korea contributed most of the revenue, while the US and Japanese markets did not perform well.

In the 2015 quarter of fiscal year three, China's revenue rose 42.5% in the three quarter, and 25.2% in operating profit. The first nine months were 481 billion 800 million yen, up 47% on the year, and 55% to 51 billion 900 million yen in business profits.

As for the Japanese local market, because of the cool weather in June, the demand for clothing in summer has been reduced, so that the same store sales have dropped by 12%, the biggest decline since October 2013.

But in 2015, UNIQLO launched a series of sports, driven by the AIRism underwear series, the overall revenue growth in the first three quarters reached 12%, and its profit growth reached 21%.

Kuni Kanamori, an analyst at SMBC, said that the poor performance of the Japanese market is only related to the weather rather than the product itself.

The performance in the US market is not satisfactory. Sales slump led to large-scale price markdowns, resulting in a continuous expansion of operating losses.

The specific reasons were not disclosed.

Group chief financial officer

At the press conference, Japan said

The poor performance may drag down the group's annual sales performance, but he did not disclose details of the group's fourth quarter sales targets.

As for other global brands under the Xun group, including GU, Theory, CDC and PTT, J Brand, etc., the sales performance of low price brand GU is higher than expected, CDC and PTT is second, and high-end brand CDC and Xun are weakening.