FAST RETAILING, which operates UNIQLO and others, said that sales in Japan and China were lower than originally planned due to the influence of the new coronavirus. Both have been revised downward.
Fast Retailing announced on the 15th that the group's overall financial results for the nine months to May were 1,689 billion yen, up 9.9% from the same period of the previous year, and the final profit was 67. Increased by% to 151.3 billion yen, resulting in a significant increase in sales and profits.
This is due to the reaction from the year before the sales fell sharply, such as the temporary closure of the store due to the first state of emergency, and the strong sales of casual clothing worn at home due to the spread of remote work. Thing.
However, regarding the outlook for business results for the year to August, sales are based on the initial plan due to the re-expansion of domestic infections and the shift of individual consumer confidence to travel in the main Chinese market. Assuming that it is below the level, we have revised down sales to 2,150 billion yen, which is 2.7% lower than before, and operating income, which indicates the profit of our main business, to 245 billion yen, which is 3.9% lower than before.
FAST RETAILING CFO Ken Okazaki said, "In April and May, there was a tendency to curb consumption due to the state of emergency. With the fourth declaration in Tokyo, the situation will continue to be the same. I expect that will continue. "