Recently, Fast Retailing Group, the parent company of Uniqlo, released its annual performance announcement for the year ending August 31, 2022.
In the year ending August 31, 2022, the company’s revenue was 2.3 trillion yen, a year-on-year increase of 7.9%; the profit for the year was 284.75 billion yen, a year-on-year increase of 62.1%; the profit attributable to the owners of the parent company Profit reached 273.335 billion yen, a year-on-year increase of 60.9%.
Fast Retailing stated that the overseas UNIQLO (UNIQLO) business division has become the pillar of the group’s performance growth. In terms of the overseas UNIQLO (UNIQLO) business segment, total revenue for this fiscal year was 1.12 trillion yen (a year-on-year increase of 20.3%), and total operating profit was 158.3 billion yen (a year-on-year increase of 42.4%). Revenue and profit were recorded Both profits increased significantly.
As for Japan’s UNIQLO (UNIQLO) business segment, total revenue this fiscal year was 810.2 billion yen (a decrease of 3.8% from the previous year), and total operating profit was 124 billion yen (year-on-year). (increased 0.6%), recording a decrease in revenue and an increase in operating profit. Same-store net sales (including online stores) recorded a year-on-year decrease of 3.3%.
By brand, Uniqlo’s overall sales increased by nearly 9% year-on-year to 1.93 trillion yen, but Uniqlo’s sales in Japan fell by 3.8% to 810.2 billion yen, and Uniqlo’s sales in the international market increased. 20.3% to 1.11 trillion yen, and sales in the Chinese market increased by 1.2% to 538.5 billion yen. The Chinese market accounted for 23.4% of the brand’s total revenue, second only to the 35.2% of the Japanese business.
Yanai admitted frankly in the financial report meeting that “half of UNIQLO’s success is due to the Chinese market.” Since the outbreak of the epidemic, UNIQLO has never slowed down its strategic layout in China. Fast Retailing Group Chief Financial Officer Okazaki Takeru emphasized at a previous financial report that although there are still uncertainties in the general environment, Fast Retailing Group continues to be optimistic about the Chinese market. “From June to July, the sales of the Group’s brands in the Greater China market The volume rebounded again and exceeded the level of the previous year.”
Keywords:
China market fiscal year revenue
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