UNIQLO 2019 First Half Earnings Report: Turnover Increased By 6.8% Over The Same Period Last Year

The fast selling group of UNIQLO parent company announced its first half financial results in 2019. Its turnover increased by 80 billion 900 million yen in half a year, and its turnover reached 1 trillion 267 billion 600 million yen, an increase of 6.8% over the same period last year. Operating profit reached 172 billion 900 million yen, an increase of 1.4% over the same period last year. Net profit was 114 billion yen, up 9.5% over the same period last year.

In terms of business, sales of UNIQLO's overseas business reached 580 billion yen, an increase of 14.3% over the same period last year, and the domestic business of UNIQLO reached 491 billion 300 million yen due to warm winter, down 0.5% from the same period last year.

According to the data, UNIQLO's overseas business achieved a profit of 88 billion 400 million yen in the past six months, an increase of 9.6% compared with the same period last year, and new sales of 72 billion 500 million yen.

Among them, Greater China has become the main driving force for the growth of overseas performance.

It is estimated that by the end of August 2019, the sales of UNIQLO will reach 500 billion yen in the whole fiscal year, and its operating income will reach 85 billion yen.

It is understood that in 2017, Liu Jing, chairman of Xun marketing group, put forward a "bright plan" at the shareholders' meeting, announcing the pformation of UNIQLO to the "digital consumer retail companies", that is, through cooperation with technology companies, the design, production, manufacture and sale to the whole staff will be digitalized.

UNIQLO China, as its first largest overseas market, has developed its electricity business very well. In the first half of the year, the proportion of China's electricity supplier sales was about 20%, an increase of 30% over the same period last year, and its sales accounted for more than 30% in the fiscal year August 2021.

UNIQLO stores are mainly located in the first tier cities, which are represented by the north and Guangzhou. The number of stores is about 30% of the number of stores in mainland China.

By the end of February, there were 673 stores in mainland China, 28 stores in Hong Kong and Macao, 67 stores in Taiwan, and 768 stores in Greater China.

Meanwhile, UNIQLO is expanding its store strategy in the two or three tier cities. UNIQLO predicts that the number of stores in Greater China will exceed 1000 in 2021.