The share price of Fast Retailing has risen for seven consecutive days. 16 February's closing price rose by 3% compared with the previous day, closing at 102500 yen/share, breaking through the 1000 yen mark for the first time, and its market value also surpassed Inditex listed in Europe for the first time. The market value of the latter as of Monday was about 8 107 billion euros (about 1046). Uniqlo has contributed more than 80% of its annual revenue to its parent company Fast Retailing Group. According to the financial report of Fast Retailing Group in fiscal year 2020, in the year ending August 3 1 day, the company achieved revenue of 2.0 1 trillion yen (about127.9 billion RMB), a year-on-year decrease of 12.3%. The net profit was 90.357 billion yen (about 5.754 billion yuan), a year-on-year decrease of 44.4%.
Fast Retailing Group said that despite the decline in overall sales, the increase in operating profit was mainly attributed to the excellent performance of Uniqlo in Japan and China and the GU brand. Uniqlo's gross profit margin in Japan and China is higher than that in the same period last year, and its expense ratio is also lower.
It is reported that among the 2,298 Uniqlo stores owned by Fast Retailing, Asia (excluding Japan) accounts for 60%(2020 10/65438+10). Chinese mainland, in particular, has 79 1 stores, ranking second only to Japan (8 15 stores). In fiscal year 2020 (as of August 2020), the operating profit margin of Greater China (including Hongkong and Taiwan Province Province) was 65,438+04.4%, which was higher than that of Japan (65,438+03%).
According to the performance report of Fast Retailing Group in fiscal year 2020, the operating income and net profit of Greater China are obviously better than that of Uniqlo as a whole, and it has become the core force in overseas markets. The total annual revenue of China market was 455.9 billion yen (about 28.963 billion yuan), down 9.3% year-on-year, accounting for 54.02% of the brand's overall overseas market.
In contrast, ZARA has fewer stores in Asia, accounting for only about 20%, and about 70% of the stores are located in Europe and America, which are seriously affected by the epidemic.
Uniqlo Pay went online, and Uniqlo's parent company accelerated its digital transformation. In addition to the growth in China and other Asian regions where the spread of the epidemic has been controlled, the expectation that Fast Retailing will increase its revenue by accelerating digitalization has also boosted its market value.