Uniqlo FAST RETAILING 40% decrease in profit Profit from corona impact July 9 19:53
Fast Retailing, a major clothing chain company that develops UNIQLO, closed its financial results for nine months until May due to the temporary closure of stores due to the spread of the new coronavirus, and the final profit was the same as the previous year. It has decreased by more than 40% over the period.
Fast Retailing announced that sales for the nine months to May were 1,544.9 billion yen in sales, down 15.2% from the same period in the previous year, and the final profit was 90.6 billion yen. It decreased by 42.9%.
This is because the store's temporary closures occurred one after another from March to May due to the influence of the new coronavirus, and sales dropped significantly.
On the other hand, we have revised down our forecasts for April for the year to August, and we are forecasting that net income will decrease by 47.7% to ¥85 billion.
Ken Okazaki, CFO of FAST RETAILING at the press conference, said, “The perception that corona is the biggest crisis after the war has remained unchanged, and the business environment has been a headwind. By grasping the flow well, we want to lead to post-corona growth."