UNIQLO'S Parent Company Is In The Doldrums For The First Time To Issue Bonds.

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Uniqlo UNIQLO's parent company began issuing 100 billion yen issuance to the public for 5 years on Friday. The Fast Retailing Co., Ltd. (9983.T) XXX group has the highest bond issuance of 250 billion yen, or about 2 billion US dollars, the largest lending operation of Japanese companies this year.

As early as the beginning of November, DealWatch quoted an insider as saying that the Asia's largest apparel retailer would launch 100 billion yen, or about 810 million dollars, at the fastest end of the year. Although the Fast Retailing Co. has not been confirmed, the Nomura Holdings Inc. Nomura group issued a statement in November 27th, saying that the agency will work with the Securities Department of Mitsubishi UFJ Financial Group (MITSUBISHI), Japan Union Financial Group, Mitsubishi Mitsui (Mitsui), Sumitomo financial group, to carry out the highest 250 billion yen bond issue.

At present, Japan Credit Rating Agency Ltd. Japan credit rating agency and Standard &Poor's Standard & amp; Standard's long-term outlook rating for Fast Retailing Co. fast marketing are AA / stable and positive / positive respectively, indicating that the company has strong solvency.

However, due to the low interest rate currently implemented by the Japanese government, the corporate bond market is still very depressed, even though corporate bonds are about half as high as government bond interest rates.

The issuance is also the first time that Fast Retailing Co. has issued bonds to the public for the first time. The huge amount also makes the industry look at it.

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On Wednesday, Fast Retailing Co. released its sales data for November, group.

Uniqlo UNIQLO recorded a 8.9% decline in the same store sales in the Japanese domestic market in November. Fast Retailing Co. fast marketing blamed the bad performance on the abnormal warm weather in 11 months, which weakened consumers' desire to buy winter clothing, and the number of customers fell by 12.9%, down by 4.2% and 3.6% in September and October respectively. The 4.6% increase in passenger price was not as good as the 7.1% and 9.4% increase respectively in September and October.

As of the end of November, in the first quarter of fiscal year 2016, the sales of Uniqlo UNIQLO Japanese same store decreased by 2.3% annually, while the larger decline in November offset the growth of 2.6% in September and 5.5% in October.

After aggravating, Fast Retailing Co. express said it would slow down the expansion rate of the United States. The company had said that it opened up 200 stores in the United States in 2020, and the current situation basically broke down, because the brand currently has only 42 stores in the United States, and only 5 stores are planned in the fiscal year (to August 31, 2016). If we want to complete the plan, we can open 50 stores in the United States every three years, so that the speed of expansion can only be mathematically possible in the highly competitive American market. The actual probability is almost zero, and Uniqlo UNIQLO in the US market is far lower than other European fast fashion brands and the fast fashion brands such as Gap and J.Crew in the United States. If we expand according to the previous speed, we can only drag its international market into the quagmire. In addition to Japan's poor local performance, Uniqlo UNIQLO suffered setbacks in the US market, losing money.

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As the near Greater China market is now the real support of Fast Retailing Co., the group's annual revenue increased by 46.3% to 304 billion 400 million yen in the 2015 fiscal year ended August 31, 2015, which accounted for half of 603 billion 600 million yen of overseas Uniqlo UNIQLO business, but the contribution of the region's operating profit reached 9, reaching 38 billion 600 million yen, a sharp increase of 66.1% over the same period, while the profit of overseas Uniqlo UNIQLO business was only 43 billion 300 million yen.

As of August 31, 2015, Fast Retailing Co. XXX group has 467 stores in Greater China, a net increase of 93 over the same period in the 2014 fiscal year.

At the end of September, at the end of September, Disney, chairman, President and chief executive officer of the Fast Retailing Co. fast marketing group, Tadashi Yanai Liu Jing, went to Shanghai to attend the opening ceremony of the Uniqlo Uniqlo shop and Walt Disney Co. NYSE:DIS (NYSE:DIS), and reiterated that the Greater China region was expanding at the rate of 100 new stores every year to achieve the goal of 1000 stores in the short term and 3000 stores in the mid term. He also stressed that the slowdown in China's economy had no effect on the group business.

But there are "big guns" in the American market before the 200 stores in 2020, and the words of Ryui Masa, Tadashi Yanai, also need to be treated with caution. Uniqlo UNIQLO's rival H&M said in the middle of the three quarter that China's market has been slowing down. Although the market still keeps double-digit growth, it can not compare with that before.

In view of China's overall economic slowdown and stock market crash, a series of unfavorable macroeconomic factors to eliminate consumer sentiment and the slowdown issued by the statistics bureau are being released.

In the future, the growth rate of China's overall apparel market will probably come within 1-3.

In addition, all the fast fashion and high street brands in the world have begun to take China as the most important international market, including the British brands that had been restricted to the British Isles in the past, and also entered the Chinese market on a large scale.

Fast Retailing Co. will release its first quarter earnings report in September 2015 at the beginning of next month, when Tadashi Yanai Ryui Masa's "no slowdown in China" will be identified and will set the tone for its goal of "100 new stores, 1000 short-term stores and 3000 mid term 3000 stores a year".

On Friday, Fast Retailing Co., Ltd. (9983.T) Xunmei group shares fell 3.09% to 46720 yen, the monthly data released two consecutive trading days, the stock price continued to plunge, dragging the stock price so far this year increased by only 6%, only about Nikkei225, and the company's share price this year was once a hurricane 40%, but with the Nikkei 225 index down, and the company's fourth quarter of the poor performance of the stock price fell rapidly.