UNIQLO'S Financial Report: The Best Performance In China

According to the data, in the whole year of 2021, the net profit of FMCG reached 169.8 billion yen, an increase of 88% over the previous fiscal year, a record high; The total revenue of the group as a whole reached 2132.9 billion yen, an increase of 6% over the previous fiscal year.

Among them, UNIQLO's profit situation in the Japanese market has also greatly improved, with a substantial increase in operating profits throughout the year, and its performance is slightly lower than expected. UNIQLO's performance in the overseas market was excellent. Not only did it record a substantial increase in revenue and operating profit, but also slightly exceeded expectations. The total revenue was 930.1 billion yen, an increase of 10.2% over the previous year, and the operating profit was 111.2 billion yen, up 121.4% year-on-year. Among them, the online sales increased by about 20% compared with the previous year, and the business scale expanded smoothly, accounting for about 20% of the revenue.

What is worth noting is that UNIQLO's Greater China market, which relies on, has witnessed a substantial increase in both revenue and operating profit, setting the best performance in the past years. It is reported that the total annual revenue of Greater China reached 532.2 billion yen, up 16.7% year-on-year, and the total operating profit reached 100.2 billion yen, with a year-on-year increase of 52.7%.

In addition, UNIQLO's sales in North America and Europe are also rebounding rapidly. At the same time, thanks to the reform of income structure, the operating loss in North America has been halved, and the European region has realized a turnaround from deficit to profit.

However, due to the epidemic situation in Southeast Asia, South Asia and Oceania (including markets in Southeast Asia, Australia and India), there was a decline in revenue and a significant decrease in operating profit during the financial year.

In terms of Gu (excellent) business division, the annual revenue was 249.4 billion yen, an increase of 1.4% over the previous year. The operating profit was 20.1 billion yen, down 7.6% year-on-year. The revenue increased, but the profit decreased, slightly lower than expected. The express sales side explained that in the second half of the year, due to the impact of the new crown pneumonia epidemic, the shortage of best-selling goods and the failure of some commodities to grasp the trend, This leads to poor sales. However, Gu online sales are up nearly 50% compared with two years ago, accounting for nearly 11% of revenue.

For the future, fast retailing group forecasts that the group's total comprehensive income will be 2.2 trillion yen, an increase of 3.1% compared with the previous year. The total profit from comprehensive operation will be 270 billion yen, with a year-on-year increase of 8.4%. The profit attributable to the owners of the parent company will be 175 billion yen, with a year-on-year increase of 3.0%.

Fast Retailing said that by focusing on the improvement of the quality of commodity sales, the revenue structure was thoroughly reformed; Accelerate the expansion of e-commerce business and strengthen the foundation of "digital consumer retail enterprises";

Diversification of global revenue pillars; We will accelerate the transformation of the group into a "digital consumer retail enterprise" in the fiscal year 2022 (up to the end of August 2022).