Fast Retailing : Interim Report 2020/21 (2020.9.1-2021.2.28)

FAST RETAILING CO., LTD.

迅 銷 有 限 公 司

Interim Report 2020/21

2020.9.1-2021.2.28 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	12
1. Interim Condensed Consolidated Financial Statements
(1) Interim Condensed Consolidated Statement of	13
	Financial Position
(2) Interim Condensed Consolidated Statement of
	Profit or Loss and Interim Condensed Consolidated	15
	Statement of Comprehensive Income
	Interim Condensed Consolidated Statement of Profit or Loss	15
	Interim Condensed Consolidated Statement of	17
	Comprehensive Income
(3) Interim Condensed Consolidated Statement of	19
	Changes in Equity
(4) Interim Condensed Consolidated Statement of Cash Flows	21
2. Others	34
Independent Accountant's Review Report	35

1. Corporate Profile

Board of Directors	Principal Place of Business in Japan
Representative Director	Midtown Tower 9-7-1
Tadashi Yanai (Chairman, President and CEO)	Akasaka, Minato-ku
	Tokyo 107-6231
	Japan
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
External Directors	Kowloon
Toru Hambayashi	Hong Kong
Nobumichi Hattori
Masaaki Shintaku	HDR Registrar and HDR Transfer Office
Takashi Nawa	Computershare Hong Kong Investor Services Limited
Naotake Ohno	Shops 1712-1716, 17th Floor
	Hopewell Centre
Board of Statutory Auditors	183 Queen's Road East
Akira Tanaka	Wanchai
Masaaki Shinjo	Hong Kong
Masumi Mizusawa
Keiko Kaneko (External)	Stock Code
Takao Kashitani (External)	Hong Kong: 6288
Masakatsu Mori (External)	Japan: 9983
Company Secretary	Website Address
Shea Yee Man	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

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2. Financial Highlights

Consolidated Financial Summary

	Half-yearly period	Half-yearly period
Term	of	of	59th Fiscal
59th Fiscal	60th Fiscal
	Year
	Year	Year
	Six months	Six months	Year ended
	ended	ended
Accounting period	31 August
29 February	28 February
	2020
	2020	2021
Revenue (Millions of yen)	1,208,512	1,202,864	2,008,846
Operating profit (Millions of yen)	136,736	167,982	149,347
Profit before income taxes (Millions of yen)	150,859	171,482	152,868
Profit for the period attributable to owners	100,459	105,868	90,357
of the Parent (Millions of yen)
Comprehensive income attributable to owners	140,153	127,401	110,134
of the Parent (Millions of yen)
Equity attributable to owners of the Parent (Millions of yen)	1,020,308	1,056,228	956,562
Total assets (Millions of yen)	2,454,296	2,501,920	2,411,990
Basic earnings per share (Yen)	984.21	1,036.76	885.15
Diluted earnings per share (Yen)	982.49	1,035.04	883.62
Ratio of equity attributable to owners of the Parent to total assets (%)	41.6	42.2	39.7
Net cash generated by operating activities (Millions of yen)	236,680	352,125	264,868
Net cash (used in) / generated by investing activities (Millions of yen)	(58,828)	(41,037)	(75,981)
Net cash (used in) / generated by financing activities (Millions of yen)	(99,195)	(201,334)	(183,268)
Cash and cash equivalents at end of the period (year) (Millions of yen)	1,184,303	1,220,854	1,093,531
		Three months	Three months
Accounting period		ended	ended
	29 February	28 February
		2020	2021
Revenue (Millions of yen)		585,028	583,066
Profit attributable to owners of the Parent (Millions of yen)		29,552	35,487
Basic earnings per share for the period (Yen)		289.51	347.49

(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.

1. Revenue does not include consumption taxes, etc.
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").

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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 2021.

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 2021.

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