April 8, 2021

Fast Retailing First-half

Results for September 2020

to February 2021, and Estimates for FY2021

Takeshi Okazaki

Fast Retailing Co., Ltd.

Group Senior Executive Officer & CFO

1

Contents

Ｉ． FY2021 First-half Business Results P 3 ～P21

ＩＩ． Estimates for FY2021

P22～P28

ＩＩＩ． Reference materials

P29～P31

Disclosure of Corporate Performance

Following the Group's adoption of International Financial Reporting Standards (IFRS) from the year ending August 31, 2014, all data in this document are calculated using IFRS standards.

Business profit = Revenue - (Cost of sales + SG&A expenses)

Group Operations:

UNIQLO Japan:

UNIQLO Japan operations

UNIQLO International:

All UNIQLO operations outside of Japan

GU:

All GU operations inside and outside Japan

Global Brands:

Theory, PLST, Comptoir des Cotonniers, Princesse tam.tam, J Brand

Consolidated results also include Fast Retailing Co., Ltd. performance and consolidated

adjustments.

A Note on Business Forecasts

When compiling business estimates, plans and target figures in this document, the figures that

are not historical facts are forward looking statements based on management's judgment in

light of currently available information. These business forecasts, plans and target figures may

vary materially from the actual business results depending on the economic environment, our

response to market demand and price competition, and changes in exchange rates.

2

Group: FY2021 1H Results

Large operating profit gain exceeds plan

Japan, Greater China region report large profit rises

Yr to Aug. 2020

Yr to Aug. 2021

(6 mths to Feb.2020)

(6 mths to Feb.2021)

y/y

Actual

Actual

Revenue

1,208.5

1,202.8

-0.5%

(to revenue)

100.0%

100.0%

-

Gross profit

576.7

600.4

+4.1%

(to revenue)

47.7%

49.9%

+2.2p

SG&A

438.7

420.7

-4.1%

(to revenue)

36.3%

35.0%

-1.3p

Business profit

137.9

179.7

+30.2%

(to revenue)

11.4%

14.9%

+3.5p

Other income, expenses

-1.2

-11.7

-

(to revenue)

-

-

-

Operating profit

136.7

167.9

+22.9%

(to revenue)

11.3%

14.0%

+2.7p

Finance income, costs

14.1

3.4

-75.2%

(to revenue)

1.2%

0.3%

-0.9p

Profit before income taxes

150.8

171.4

+13.7%

(to revenue)

12.5%

14.3%

+1.8p

Profit attributable to

100.4

105.8

+5.4%

owners of the parent

(to revenue)

8.3%

8.8%

+0.5p

Billions of

Yen

3

Group: FY2021 1H Operating Profit

Revenue

Average forex

¥1.2085trln→¥1.2028trln

impact ±0.0 % y/y

(-¥5.6bln)

USD

-3.7％

UQ Japan

+¥28.9bln

RMB

+2.1％

UQ International

-¥19.4bln

EUR

+4.0％

GU

+¥0.3bln

KRW

+0.8％

Global Brands

-¥15.5bln

¥1.2028trln

Total

± 0.0％

-0.5%

Gross profit margin

SG&A ratio

47.7%→ 49.9% (+2.2p)

36.3%→ 35.0% (-1.3p)

UQ Japan

+2.9p

UQ International

+2.9p

GU

±0.0p

UQ Japan

-1.4p

UQ International

-0.9p

GU

-0.4p

Impairment loss: ¥11.6bln

¥600.4bln ¥420.7bln

+4.1% -4.1%

(UNIQLO Intl.: ¥9.0bln, Global Brands ¥1.3bln, etc.)

¥179.7bln

-¥11.7bln

¥167.9bln

+30.2%

+22.9%

SG&A

Other

income/expenses

FY2021

FY2021

FY2021

FY2021

1H

1H

1H

1H

Revenue

Gross profit

Business profit

Operating profit

4

Group: FY2021 1H

Profit Attributable to

Owners of the Parent

Value of foreign−currency denominated assets increased by ¥4.7bln

September 1, 2020:

1USD = 105.4JPY

February 28, 2021:

1USD = 106.2JPY

¥167.9bln

¥3.4bln

¥171.4bln

+13.7%

¥62.2bln

+22.9%

Net finance

income

¥109.2bln

¥3.3bln

+5.6%

Income taxes

Non−controlling

assets

  • 105.8bln
    +5.4%

FY2021

FY2021

FY2021

FY2021

1H

1H

1H

1H

Operating

Profit before

Profit for the

Profit

profit

Income tax

period

attributable to

owners of the

parent

5

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Fast Retailing Co. Ltd. published this content on 08 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 April 2021 06:31:05 UTC.