UNIQLO Ryui Masa Will Step Down To Senior Executives Who Understand Young People.

Ryui Masa will leave office at the age of 70 next year. He will focus solely on the position of chairman of the board and continue to take part in the company's affairs as a "supervisory" business in the future.

Only one day after the release of the financial report, Liu Chi, the chairman and CEO of the fast retailing group of UNIQLO parent company, reconfirmed that he would retire.

according to

Ryui Masa will leave office at the age of 70 next year, and will focus on the position of chairman in the future and continue to participate in the company's business as a "supervisory" business.

Liu had been wobble in retirement plans. He stressed that he did not love his career or was afraid of challenges.

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With rapid changes, the young people must be responsible for the actual operation so that the group can see the preferences of the young people.

The successor selection needs not only the ability but also the rich digital experience, and can make new business judgement quickly according to the market changes.

But so far, XXX has not disclosed the CEO's successor.

Ryui Masa has previously indicated that his two sons, Kazumi and Koji, will not take over the post, and two of them are currently senior vice presidents of the group.

This means that potential candidates will be selected from the remaining 40 senior managers, and the group may ultimately be controlled by the executive directors.

Another plan of Ryui Masa is to raise its performance target this year. In view of the strong sales growth in the first half of the year, XXX group's net profit growth will rise from 120 billion yen to 130 billion yen (760 million yuan) as of August 31st, and the growth rate is expected to be 9%.

Operating profit is expected to grow by 27.5% to 225 billion yen (13 billion 120 million yuan), while annual sales will grow 13.3% to 2 trillion and 110 billion yen (about 123 billion yuan).

According to the first half financial year data released by Xun Marketing Group yesterday, revenue and operating profit both reached the highest level in the same period. The total revenue increased by 16.6% to 1 trillion and 190 billion yen (69 billion 900 million yuan), operating profit rose 30.5% to 170 billion 400 million yen (about 10 billion yuan), gross profit increased 18.5% to 585 billion 638 million yen (34 billion 300 million yuan), and the gross profit margin increased by 0.7 percentage points.

Net profit increased by 7.11% to 104 billion 150 million yen.

During the period, Japan's UNIQLO division revenue increased 8.5% to 493 billion 600 million yen, operating profit of 88 billion 700 million yen, an increase of 29% over the same period, while same store sales (including electricity providers) grew by 8.4% over the same period.

According to the region, because of the strong sales of winter goods such as HEATTECH and down clothing in Greater China and South Korea, the overseas uniqe income, including China, surged 29.2% to 507 billion 400 million yen (29 billion 700 million yuan), and operating profit rose 65.6% to 80 billion 700 million yen (about 4 billion 700 million RMB).

It is noteworthy that during the first half of the fiscal year, the sales volume of fast selling group increased by 31.6% compared with the same period last year, accounting for 7.5% of the proportion of revenue. This year, it is more colder than ever. HEATTECH, down clothing, fleece, sportswear, warm pants and other cold proof clothing sales are strong.

At the earnings conference, Liu pointed out that the digital level of UNIQLO and group will continue to improve in the future.

He said in an interview that the Ariake distribution project launched last year is not limited to promoting online sales, but to change the entire company.

Okazaki, the chief financial officer of XXX group, proposed in 2016 that the group will build a new distribution center in China and the United States, and strive to deliver services on the same day or next day.

In April last year, XXX group built a brand new distribution center in Ariake in Tokyo. Now it is mainly supplied to the physical stores, and will soon be used for online distribution, especially for the winter sales season.

Okazaki said that the establishment of Ariake warehouse was mainly aimed at matching the online sales of UNIQLO's official website. Consumers could also buy the exclusive selling style of the brand on the newly opened website.

The future group will also set up similar express delivery centers in other parts of Japan, starting with the US and China.

In fact, as early as 2016, UNIQLO launched cooperation with the Chinese e-commerce giant Jingdong on the same day. Jingdong not only provided warehousing and distribution services for UNIQLO, but also set up an exclusive warehouse of nearly 10 thousand square meters.

But what is more meaningful is that after 3 months of cooperation, UNIQLO claims that it still needs to discuss and improve its withdrawal from the platform ahead of schedule.

For the future development of e-commerce business, Ryui Mana is currently related.

The sales target is being implemented smoothly.

"Doing business is not a simple matter.

My attitude is that I like new things, and we can change the world by changing ourselves, "Liu said in an interview today.

After yesterday's earnings announcement, XXX group's stock price rose two consecutive days. As of today's release, it rose 2% to 46 thousand and 900 yen per share, with a market capitalization of about 4 trillion and 970 billion yen, or about 291 billion 600 million yuan.