Fast Retailing : First Quarterly Report 2021/22 (2021.9.1-2021.11.30)

FAST RETAILING CO., LTD.

迅 銷 有 限 公 司

First Quarterly Report 2021/22

2021.9.1-2021.11.30 Stock Code: 6288

Contents

1.	Corporate Profile	1
2.	Financial Highlights	2
3.	Management Discussion and Analysis	4
4.	Information about the Reporting Entity	9
5.	Financial Section	17
	1. Interim Condensed Consolidated Financial Statements
(1) Interim Condensed Consolidated Statement of	18
	Financial Position
(2) Interim Condensed Consolidated Statement of
	Profit or Loss and Interim Condensed Consolidated	20
	Statement of Comprehensive Income
	Interim Condensed Consolidated Statement of Profit or Loss	20
	Interim Condensed Consolidated Statement of	21
	Comprehensive Income
(3) Interim Condensed Consolidated Statement of	22
	Changes in Equity
(4) Interim Condensed Consolidated Statement of Cash Flows	24
	2. Others	35
Independent Accountant's Review Report	36

1. Corporate Profile

Board of Directors	Principal Place of Business in Japan
Chairman	Midtown Tower 9-7-1
Tadashi Yanai (President and CEO)	Akasaka, Minato-ku
	Tokyo 107-6231
	Japan
Executive Directors
Takeshi Okazaki	Principal Place of Business in Hong Kong
Kazumi Yanai	702-706, 7th Floor, Mira Place Tower A
Koji Yanai	No. 132 Nathan Road
	Tsim Sha Tsui
Independent Non-executive Directors	Kowloon
Nobumichi Hattori	Hong Kong
Masaaki Shintaku
Takashi Nawa	HDR Registrar and HDR Transfer Office
Naotake Ohno	Computershare Hong Kong Investor Services Limited
Kathy Mitsuko Koll (aka Kathy Matsui)	Shops 1712-1716, 17th Floor
	Hopewell Centre
Board of Statutory Auditors	183 Queen's Road East
Masaaki Shinjo	Wanchai
Masumi Mizusawa	Hong Kong
Keiko Kaneko (External)
Takao Kashitani (External)	Stock Code
Masakatsu Mori (External)	Hong Kong: 6288
	Japan: 9983
Company Secretary
Shea Yee Man	Website Address
	https://www.fastretailing.com
Independent Accountants
Deloitte Touche Tohmatsu LLC
Principal Banks
Sumitomo Mitsui Banking Corporation
MUFG Bank, Ltd.
Mizuho Bank, Ltd.
The Hong Kong and Shanghai Banking Corporation Limited
Registered Office and Headquarters
10717-1 Sayama
Yamaguchi City
Yamaguchi 754-0894
Japan

－ 1 －

2. Financial Highlights

Consolidated Financial Summary

	First Quarter	First Quarter
Term	of	of	60th Fiscal
60th Fiscal	61st Fiscal	Year
	Year	Year
	Three months	Three months	Year ended
	ended	ended
Accounting period	31 August
30 November	30 November
	2021
	2020	2021
Revenue (Millions of yen)	619,797	627,391	2,132,992
Operating profit (Millions of yen)	113,094	119,406	249,011
Profit before income taxes (Millions of yen)	107,164	134,208	265,872
Profit for the period attributable to owners	70,381	93,592	169,847
of the Parent (Millions of yen)
Comprehensive income attributable to owners	65,117	127,152	215,309
of the Parent (Millions of yen)
Equity attributable to owners of the Parent (Millions of yen)	997,071	1,217,757	1,116,484
Total assets (Millions of yen)	2,539,457	2,658,723	2,509,976
Basic earnings per share (Yen)	689.29	916.21	1,663.12
Diluted earnings per share (Yen)	688.17	914.87	1,660.44
Ratio of equity attributable to owners of the Parent to total assets (%)	39.3	45.8	44.5
Net cash generated by operating activities (Millions of yen)	140,334	84,419	428,968
Net cash (used in) / generated by investing activities (Millions of	(19,296)	(21,838)	(82,597)
yen)
Net cash (used in) / generated by financing activities (Millions of	(58,655)	(65,157)	(302,985)
yen)
Cash and cash equivalents at end of the period (year) (Millions of	1,154,607	1,204,173	1,177,736
yen)

(Notes) 1. FAST RETAILING CO., LTD. (the "Company", the "Parent" or the "Reporting entity") prepared interim condensed consolidated financial statements, and therefore has not included the non-consolidated financial summary of the Reporting entity.

2. The financial figures are sourced from the interim condensed consolidated financial statements or consolidated financial statements prepared in accordance with International Financial Reporting Standards ("IFRS").

－ 2 －

Business Description

There were no significant changes in the nature of the business engaged by the Company and its subsidiaries (collectively, the "Group") during the three months ended 30 November 2021.

In addition, there were no significant changes in the organizational structure of the Group, including the major subsidiaries, during the three months ended 30 November 2021.

－ 3 －