Fast Retailing : Interim Report 2021/22 (2021.9.1-2022.2.28)

FAST RETAILING CO., LTD.

迅銷有限公司

Interim Report 2021/22

2021.9.1-2022.2.28

Stock Code: 6288

Contents

• 1. Corporate Profile

  3

• 2. Financial Highlights

  4

• 3. Management Discussion and Analysis

  6

• 4. Information about the Reporting Entity

  11

• 5. Financial Section

  14

  1. Interim Condensed Consolidated Financial Statements

(1) Interim Condensed Consolidated Statement of

15

Financial Position

• (2) Interim Condensed Consolidated Statement of

  Profit or Loss and Interim Condensed Consolidated Statement of Comprehensive Income

  17

  Interim Condensed Consolidated Statement of Profit or Loss

  17

  Interim Condensed Consolidated Statement of

  19

  Comprehensive Income

• (3) Interim Condensed Consolidated Statement of

  21

  Changes in Equity

• (4) Interim Condensed Consolidated Statement of Cash Flows

23

2. Others

36

Independent Accountant's Review Report

37

1. Corporate Profile

Board of Directors Chairman

Tadashi Yanai (President and CEO)

Executive Directors

Takeshi Okazaki Kazumi Yanai

Koji Yanai

Independent Non-executive Directors Nobumichi Hattori

Masaaki Shintaku Takashi Nawa

Naotake Ohno

Kathy Mitsuko Koll (aka Kathy Matsui)

Board of Statutory Auditors

Masaaki Shinjo

Masumi Mizusawa

Keiko Kaneko (External) Takao Kashitani (External)

Masakatsu Mori (External)

Company Secretary

Shea Yee Man

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

Principal Place of Business in Japan Midtown Tower 9-7-1

Akasaka, Minato-ku Tokyo 107-6231

Japan

Principal Place of Business in Hong Kong 702-706, 7th Floor, Mira Place Tower A

No. 132 Nathan Road

Tsim Sha Tsui

Kowloon Hong Kong

HDR Registrar and HDR Transfer Office

Computershare Hong Kong Investor Services Limited Shops 1712-1716, 17th Floor

Hopewell Centre

183 Queen's Road East

Wanchai

Hong Kong

Stock Code

Hong Kong: 6288 Japan: 9983

Website Addresshttps://www.fastretailing.com

Japan

2. Financial Highlights

Consolidated Financial Summary

Term	Half-yearly period of 60th Fiscal Year	Half-yearly period of 61st Fiscal Year	60th Fiscal Year
Accounting period	Six months ended 28 February 2021	Six months ended 28 February 2022	Year ended 31 August 2021
Revenue (Millions of yen)	1,202,864	1,218,977	2,132,992
Operating profit (Millions of yen)	167,982	189,278	249,011
Profit before income taxes (Millions of yen)	171,482	212,566	265,872
Profit for the period attributable to owners of the Parent (Millions of yen)	105,868	146,844	169,847
Comprehensive income attributable to owners of the Parent (Millions of yen)	127,401	194,448	215,309
Equity attributable to owners of the Parent (Millions of yen)	1,056,228	1,274,093	1,116,484
Total assets (Millions of yen)	2,501,920	2,641,596	2,509,976
Basic earnings per share (Yen)	1,036.76	1,437.41	1,663.12
Diluted earnings per share (Yen)	1,035.04	1,435.21	1,660.44
Ratio of equity attributable to owners of the Parent to total assets (%)	42.2	48.2	44.5
Net cash generated by operating activities (Millions of yen)	352,125	264,654	428,968
Net cash (used in) / generated by investing activities (Millions of yen)	(41,037)	(74,216)	(82,597)
Net cash (used in) / generated by financing activities (Millions of yen)	(201,334)	(108,025)	(302,985)
Cash and cash equivalents at end of the period (year) (Millions of yen)	1,220,854	1,297,451	1,177,736

Accounting period	Three months ended 28 February 2021	Three months ended 28 February 2022
Revenue (Millions of yen)	583,066	591,585
Profit attributable to owners of the Parent (Millions of yen)	35,487	53,252
Basic earnings per share for the period (Yen)	347.49	521.23

(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").

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 six months ended 28 February 2022.

In addition, there were no significant changes in the organizational structure of the Group, including the major subsidiaries, during the six months ended 28 February 2022.