Fast Retailing Co. Ltd. Announces Consolidated Earnings Results for the First Quarter Ended November 30, 2016; Revised Consolidated Earnings Guidance for the Year Ending August 31, 2017; Provides Dividend Guidance for the Second Quarter and Full Year of Year Ending August 31, 2017
January 12, 2017 at 08:31 am
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Fast Retailing Co. Ltd. announced consolidated earnings results for the first quarter ended November 30, 2016. For the quarter, the group reported revenue of ¥528,847 million, operating profit of ¥88,591 million, profit before income taxes of ¥104,204 million and profit attributable to owners of the parent of ¥69,695 million or ¥682.60 per diluted share compared to revenue of ¥520,303 million, operating profit of ¥75,921 million, profit before income taxes of ¥77,666 million and profit attributable to owners of the parent of ¥48,024 million or ¥470.48 per diluted share reported in the same period last year. Net cash from operating activities for the three months ended 30 November 2016 was ¥99,886 million compared to ¥58,501 million reported in the three months ended 30 November 2015. Purchases of property, plant and equipment was ¥11,116 million against ¥8,703 million reported last year. Purchases of intangible assets were ¥3,216 million against ¥2,359 million reported last year.
For the second quarter of year ending August 31, 2017, the company expects dividend of ¥175.00 per share compared to ¥185.00 per share declared last year.
For the year ending August 31, 2017, the company expects dividend of ¥175.00 per share compared to ¥165.00 per share declared last year.
For the year ending August 31, 2017, the group expected to report revenue of ¥1,850,000 million, operating profit of ¥175,000 million, profit before income taxes of ¥175,000 million and profit attributable to owners of the parent of ¥100,000 million or ¥980.74 per basic share.
Fast Retailing Co., Ltd. specializes in the distribution of clothes for men, women and children.
At the end of August 2023, the marketing of the products is ensured through a network of 3,578 stores broken down by name mainly between Uniqlo (2,434), G.U. (463), Theory (436), Comptoir des Cotonniers (108), Princesse Tam.Tam (85) and PLST (52).
Net sales are distributed geographically as follows: Japan (43.7%), China (18.2%), and other (38.1%).
Fast Retailing Co. Ltd. Announces Consolidated Earnings Results for the First Quarter Ended November 30, 2016; Revised Consolidated Earnings Guidance for the Year Ending August 31, 2017; Provides Dividend Guidance for the Second Quarter and Full Year of Year Ending August 31, 2017