The profit for the 6M period totalled ¥249,282 million (~$1.645 billion), up 19.0 per cent YoY, and consolidated gross profit margin improved by 0.4 percentage point (pp) YoY to 53.3 per cent. The basic earnings per share (EPS) for the 6M period were ¥761.38 (~$5.02). The total comprehensive income for the period rose 4 per cent to ¥320,025 million, a modest increase from ¥307,670 million recorded in the six months ended February 29, 2024.
Fast Retailing has generated record H1 FY25 results with revenues of ¥1.79 trillion (~$11.81 billion), up 12 per cent YoY, and profit rising 19 per cent to ¥249.3 billion (~$1.645 billion), driven by strong global Uniqlo sales.
EPS reached ¥761.38.
The company also cut its own emissions by 83.3 per cent and supply chain emissions by 18.6 per cent, with renewable energy use rising to 84.7 per cent.
This marked a record consolidated performance for the group, driven by exceptionally strong results in the first half and significantly increased revenue and profit from Uniqlo operations across Japan, Southeast Asia, India, Australia, North America, and Europe, Fast Retailing stated in a press release.
The selling, general and administrative (SG&A) expense ratio improved by 0.7-point YoY to 36.5 per cent. It recorded ¥59.5 billion under finance income net of costs, comprising ¥31.9 billion from foreign exchange gains on foreign-currency denominated assets, and ¥27.5 billion in interest income net of expense.
Fast Retailing has set ambitious environmental targets, aiming to reduce greenhouse gas emissions from its stores and offices by 90 per cent by the fiscal ending August 2030, compared to FY19 levels, and by 20 per cent across its supply chain.
As of FY24, the company achieved an 83.3 per cent reduction in its own emissions, up from 69.4 per cent in the previous year. Supply chain emissions saw an 18.6 per cent reduction, improving from the prior year’s 10.0 per cent. Renewable energy usage also rose significantly, reaching 84.7 per cent, compared to 67.6 per cent a year earlier.
Fibre2Fashion News Desk (SG)
