Uniqlo UNIQLO parent company, Asia's largest clothing retailer Fast Retailing Co. Ltd. 9983.T (9983.T) fast Marketing Group yesterday announced a net profit of 74 billion 550 million yen, or about 693 million US dollars, in the 2014 fiscal year ended August 31st, which is 28.7% lower than that in the 2013 fiscal year, less than 28.7% yen in the 2013 fiscal year, and the net profit expected to be 78 billion yen after downgrading in the interim and nine month earnings report. The main reason is that its high-end Cowboy brand J Brand is weak and sustained in the US business, resulting in the impairment loss of 19 billion 300 million yen and the weakening demand of Uniqlo UNIQLO's domestic market.

　　 Do business Profits fell by 2.8% to 130 billion 400 million yen, or about 1 billion 280 million dollars, in accordance with international financial reporting standards, and the average Japanese accounting standard used in previous years increased by 11.8% to 148 billion 600 million yen per year, slightly exceeding the 147 billion 500 million yen expected by the market.

The annual sales increased by 21% to 1 trillion and 380 billion yen, or about 13 billion 610 million US dollars, of which the core brand Uniqlo, UNIQLO, Greater China sales increased 66.5% to 208 billion 100 million yen, or 1 billion 930 million US dollars, and Uniqlo UNIQLO sales increased 4.7% to 715 billion 600 million yen, or about 6 billion 650 million U. S. dollars, and global brand sales increased 21.8% to 253 billion yen, or around the dollar.

The Group expects to benefit from the rapid sales growth of Uniqlo UNIQLO in China, South Korea and Europe. The net profit of the current fiscal year 2015 will rise by 36.1% to 108 billion yen, or about $998 million, and operating profit can rise 38% to 180 billion yen, or about 1 billion 670 million. dollar Sales are expected to reach 1 trillion and 600 billion yen, or about US $14 billion 780 million, which means sales growth will slow to 15.7%.

The group plans to add 185 overseas stores to Uniqlo UNIQLO brand throughout the year, while the Japanese local stores will reduce 8, including 85 other stores including GU, Theory, Princesse Tam Tam and other non core fashion brands. As of the end of August 2014, the Uniqlo UNIQLO brand had 831 Japanese stores and 633 overseas stores, accounting for 374 in the Greater China region.

The Fast Retailing Co. Ltd. (9983.T) XXX group achieved annual sales of 5 trillion yen in 2020, surpassed Zara's Inditex SA ITX.MC (ITX.MC) and H&M Hennes&Mauritz Hennes&Mauritz (ITX.MC) as the world's largest apparel retailer for long-term development goals. Group Chairman and chief executive officer Tadashi Yanai Liu well revealed the medium-term goal in today's performance conference, hoping to achieve annual sales of 2 trillion and 500 billion yen in fiscal year 2017, and develop all the fashion brands except Uniqlo UNIQLO into 1 billion dollar brands.

by Realization Above, the group will focus on the development of the US market. Not only do we expect Uniqlo UNIQLO's US business to be profitable as soon as possible, and we plan to expand it at an annual rate of 100, and make acquisitions when necessary.

The group also hopes to increase its operating profit margin from 9.4% in 2014 to 15% by adopting cost reduction measures and finding cheaper production channels. Nomura Securities analyst Masafumi Shoda pointed out that Fast Retailing Co. Ltd. (9983.T) fast Marketing Group's operating profit has bottomed out.