Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) take no
responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim
any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of thisannouncement.

FAST RETAILING CO., LTD.
迅 銷 有 限 公 司(Incorporated in Japan with limited liability)(Stock Code:6288)

THIRD QUARTERLY RESULTS ANNOUNCEMENTFOR THE NINE MONTHS ENDED 31 MAY 2024
AND
RESUMPTION OF TRADINGThe board of directors (the “Board”) of FAST RETAILING CO., LTD. (the “Parent” or “Company”) is pleased to announce theconsolidated results of the Company and its subsidiaries (collectively the “Group”) for the nine months ended 31 May 2024.
At the request of the Company, trading in its Hong Kong depositary receipts on the Stock Exchange was halted with effect from 1:00
p.m. on Thursday, 11 July 2024, pending the release of this announcement. An application will be made by the Company to the Stock
Exchange for resumption of trading in the Hong Kong depositary receipts with effect from 9:00 a.m. on Friday, 12 July 2024.
(Amounts are rounded down to the nearest million yen unless otherwise stated)

1. CONSOLIDATED RESULTS
The consolidated financial results were prepared in accordance with International Financial Reporting Standards (“IFRS”).
(1) Consolidated Operating Results (1 September 2023 to 31 May 2024)(Percentages represent year-on-year changes)
Revenue
Millions
Nine months ended 31 May 2024of yen2,366,501

Nine months ended 31 May 2023

2,143,504

Operating profit
Millions%
10.4

of yen401,803

21.4

330,574

Profit attributable toowners of the Parent

Nine months ended 31 May 2024
Nine months ended 31 May 2023%

Profit before
income taxes
Millions

21.5

of yen477,76721.9

359,203

Total comprehensive
income for theperiodProfit forthe period%

Millions%

33.0

of yen331,93730.2

2.8

254,905

3.0

Basic earnings
per share for theperiodDiluted earnings
per share for theperiodMillionsof yen%Millionsof yen

%

Yen

Yen

312,838
238,51931.2
0.3

526,845286,71583.8(31.5)

1,020.02
777.901,018.25
776.65(Note) Our common stock has been split on a 3-to-1 basis, effective 1 March 2023. Basic earnings per share for the period and diluted
earnings per share for the period have been calculated assuming this stock split was conducted at the beginning of the previous fiscal
year.
－

1

－

(2) Consolidated Financial Position
Ratio of equity
attributable toownersof the Parent
to total assets

Equity per
share
attributableto ownersof the Parent

Total assets

Total equity

Equityattributableto ownersof the Parent

Millions ofMillions ofMillions ofyen
2,195,595

yen
2,137,916%

Yen

As at 31 May 2024

yen
3,684,122

58.0

6,970.21

As at 31 August 2023

3,303,694

1,873,360

1,821,405

55.1

5,939.33

2. DIVIDENDSDividend per share(Declaration date)

First quarter
period end

Second quarter
period end

Third quarter
period end

Yen
Year ended 31 August 2023-

Yen
375.00

Yen-

Year ending 31 August 2024-

175.00-Year ending 31 August 2024
(forecast)Year end

Total

Yen
165.00Yen-

225.00400.00(Note) 1. Revisions during this quarter of dividends forecast for fiscal year: Yes
2. Our common stock has been split on a 3-to-1 basis, effective 1 March 2023.
The year-end dividend per share for the fiscal year ended 31 August 2023 is listed in the amount that takes the stock split into
consideration, and the total dividend per share is listed as "-". Assuming that the stock split was conducted at the beginning of
the previous fiscal year, the dividend per share at the end of the second quarter of the fiscal year ended August 31, 2023 would
be 125 yen and the total dividend would be 290 yen.

3. CONSOLIDATED BUSINESS RESULTS PROJECTION FOR YEAR ENDING 31 AUGUST 2024 (1SEPTEMBER 2023 TO 31 AUGUST 2024)(% shows rate of increase/decrease from previous period)
Profit attributable toProfit before
Operating profit
owners of theincome taxes
ParentRevenueYear ending 31 August 2024

Millionsof yen%Millionsof yen%Millionsof yen%Millionsof yen%3,070,000

11.0

475,000

24.6

565,000

29.0

365,000

23.2

Basic earnings
per share
attributableto ownersof the Parent
Year ending 31 August 2024

Yen
1,190.09(Note) Revisions during this quarter of previously disclosed consolidated business results projection for the year ending 31 August
2024: Yes－2－

* Notes(1) Changes of principal subsidiaries in the period:(2) Changes in accounting policies and changes in accounting estimates:

None

(i)
(ii)

Yes
None

Changes in accounting policies to conform with IFRS:Other changes in accounting policies:(iii)
Changes in accounting estimates:(3) Total number of issued shares (Common stock)(i)

Number of issued shares(including treasury stock)(ii)

Number of treasury stock(iii)

Average number of issued
sharesNone318,220,968

As at 31 May 2024

Shares
11,499,228

As at 31 May 2024

SharesFor the nine months
ended 31 May

306,699,780
shares2024

As at 31 August 2023
As at 31 August 2023
For the nine months
ended 31 May
2023

318,220,968
shares11,552,700
shares306,618,230
sharesOur common stock has been split on a 3-to-1 basis, effective 1 March 2023. The number of issued shares at the end of the period,
the number of treasury shares at the end of the period, and the average number of issued shares during the period have been
calculated assuming this stock split was conducted at the beginning of the previous fiscal year.
* This third quarterly results announcement is not subject to quarterly review procedures pursuant to the Financial Instruments andExchange Act of Japan.
* Explanation and other notes concerning proper use of the consolidated business results projection:
Statements made in these materials, such as those pertaining to future matters, including business projections, are based on
information presently available to the Company and certain assumptions determined to be reasonable. Actual business results mayvary materially depending on a variety of factors. For the background, assumptions and other matters regarding the business results
projection, please refer to P.8 “(3) Qualitative Information Concerning Consolidated Business Results Projection”.

－

3

－

1. Business Results(1) Results of Operations
The Fast Retailing Group generated a significant increase in revenue and profits in the third quarter of fiscal 2024, or the ninemonths from 1 September 2023 to 31 May 2024, with consolidated revenue totaling 2.3665 trillion yen (+10.4% year-on-year)
and operating profit rising to 401.8 billion yen (+21.5% year-on-year). In addition to the continued strong performances by
UNIQLO operations in the North America, Europe, and Southeast Asia regions, which all reported large revenue and profit gains,
UNIQLO Japan also reported significantly higher revenue and profit for the three months from March to May. All these factors
helped generate an overall record performance for the Group on a consolidated basis. We recorded 75.9 billion yen under financeincome net of costs, primarily comprised of 40.4 billion yen in net interest income and 35.5 billion yen in translated foreignexchange gains on foreign-currency denominated assets. As a result, profit before income taxes rose to 477.7 billion yen (+33.0%
year-on-year) over the nine-month period and profit attributable to owners of the parent increased to 312.8 billion yen (+31.2%
year-on-year).
The Fast Retailing Group is focusing on a number of areas as part of its endeavor to become a global No.1 brand that is essential
to daily living and is trusted by all customers around the world. Those measures include (1) Further progressing the developmentof a digital consumer retailing industry, (2) Diversifying global earnings pillars, (3) Pursuing a business model in which thedevelopment of business contributes to sustainability, (4) Expanding the GU business segment, as well as Theory and other
Global brands, and (5) Strengthening human capital. We aim to enhance our product development and branding and accelerate
high-quality store openings at UNIQLO International in particular as the growth pillar of the Fast Retailing Group. We are also
committed to creating LifeWear, simple and high-quality everyday clothing, in order to help build a sustainable society. Our aim
is to create high-quality clothing that lasts a long time, clothing that exerts a lower impact on the planet and is made in healthyand safe working environments, and circular clothing that can ultimately be recycled or reused.
UNIQLO Japan
UNIQLO Japan reported an increase in revenue and a significant rise in profits in the first nine months of fiscal 2024, withrevenue totaling 722.0 billion yen (+1.7% year-on-year) and operating profit reaching 127.8 billion yen (+28.3% year-on-year).
The segment generated especially strong revenue and profit gains in the three months from March to May. Same-store sales
expanded by 9.0% year-on-year in the third quarter on the back of persistently warm weather and strong sales of T-shirts, Bra
Tops, and bottoms made of ultra-stretch materials that were featured in our latest advertising campaigns. The gross profit margin
improved by 4.1 points year-on-year after we were able to reduce the amount of discounting required to offload excess stock andthereby improve the discounting rate. In addition, the impact of spot exchange rates used for additional production orders also
eased, resulting in an improvement in cost of sales. Looking ahead, we do expect spot rates to impact results in the three months
from June to August as we are currently submitting additional production orders for products that are running low on stock due tothe strong sales in the previous quarter. As a result, cost of sales for the second half of fiscal 2024 from March to August 2024 is
expected to hold roughly steady at the previous year’s level. Finally, the selling, general and administrative expense ratio
improved by 2.1 points year-on-year as the higher revenue performance resulted in a decline in personnel, store rents, andadvertising and promotion cost ratios.
UNIQLO International
UNIQLO International reported a significant increase in both revenue and profit in the first nine months of fiscal 2024, withrevenue rising to 1.2928 trillion yen (+17.8% year-on-year) and operating profit expanding to 221.9 billion yen (+20.6% year-onyear). UNIQLO brand recognition is rising across all markets as a result of our persistent strategy of opening new stores aroundthe world that enable people to experience the great benefits of LifeWear, and this is now helping to generate a virtuous cycle ofstrengthening business performance.
Breaking down the UNIQLO International third-quarter performance from March to May into individual regions and markets andviewing performance on a local currency basis, the Mainland China market and Hong Kong market reported declines in revenue
and large contractions in profit. Sales in the Mainland China market struggled in comparison with the high bar set in the previous
year and in the face of a slowdown of consumer appetite, unseasonal weather, and product lineups that didn’t fully satisfy theneeds of local customers. By contrast, the Taiwan market reported large revenue and profit gains and South Korea reported higher
revenue and profit on the back of strong sales of Summer ranges. Meanwhile, Southeast Asia, India & Australia reported higher
revenue and a significant increase in profits as our efforts to enhance communication of attractive Summer products around thetime of the 40th UNIQLO Thank You Festival and other promotional sales boosted sales of Bra Tops, UV-cut, T-shirts, and othercore ranges. UNIQLO North America reported large increases in revenue and profit due to strong sales of Bra Tops, linen, sports
utility wear, and other ranges resulting from our decision to strengthen marketing and communications to strategically enhancesales of certain products. UNIQLO Europe reported large gains in revenue and profit. Raising UNIQLO brand visibility across the－4－region helped generate higher-than-anticipated sales at our newly opened stores in Edinburgh in the UK and Rome, Italy, and theregion also reported impressive double-digit year-on-year growth in same-store sales over the three-month period.
GU
The GU business segment reported an increase in revenue and a large rise in profits in the first nine months of fiscal 2024 on theback of strong sales of products that successfully captured mass fashion trends. Revenue totaled 246.4 billion yen (+8.1% yearon-year) and operating profit expanded to 29.4 billion yen (+14.2% year-on-year).
In the three months from March to May, GU witnessed strong sales of Sweat Look T-shirt, Cocoon Jogger Pull-on Pants, Light
Denim Wide Pants, and other items that incorporated global mass fashion trends, suggesting that the brand will soon be well
positioned to expand more earnestly into international markets.
Global Brands
In the first nine months of fiscal 2024, the Global Brands segment reported a decline in revenue to 103.7 billion (−2.5% year-onyear) and an operating loss of 0.3 billion yen (compared with an operating profit of 1.4 billion yen in the previous year).
In the three months from March to May, sales for Theory in the United States in particular proved sluggish, resulting in a slight
year-on-year decline in revenue for the Theory operation as a whole. Theory operating profit declined significantly as theoperation failed to sufficiently control personnel costs and other business costs. While revenue from our PLST label declined
year-on-year, after restructuring measures resulted in a contraction in total store numbers, operating profit increased on the backof improved cost structures. However, PLST is showing signs of a steady recovery, with third-quarter same-store sales rising on
the back of strong sales primarily at urban stores operating under the new business model. Finally, while Comptoir des Cotonniers
reported a decline in revenue on the back of fewer store numbers, the brand also reported a contraction in operational losses as
restructuring measures helped improve cost structures.
Sustainability
Fast Retailing is advancing its LifeWear concept—the ultimate in everyday clothing, designed to make everyone's life better—tocreate apparel that emphasizes quality, design and price, in addition to being environmentally friendly, protecting human rights
and contributing to society. We have identified six priority areas (materialities) for our sustainability activities. The main company
activities during the third-quarter consolidated accounting period are as follows.
■ Creating new value through products and sales: UNIQLO is promoting its "RE.UNIQLO" initiative to transition to a morecircular society by extending the lifespan of clothes, as part of its REDUCE, REUSE, RECYCLE activities. For REDUCE
activities, as at the end of May 2024, RE.UNIQLO Studio, which offers clothing repair, remake and upcycle services, has beenrolled out to 44 UNIQLO stores across 19 countries and regions, and there are plans to expand it to more than 50 stores globallyby the end of December 2024. For REUSE activities, the second round of trials of the UNIQLO Pre-Owned Clothes Project isbeing conducted at the UNIQLO Setagaya Chitosedai and UNIQLO Tenjin stores, selling pre-owned UNIQLO clothing throughthe end of August 2024. For RECYCLE activities, UNIQLO will be the first provider to use molecular recycling materials fromsome of its store-collected products (high polyester mix materials) for the Swedish national team's official apparel at the major
global sporting event to be held in France in 2024.
■ Respecting human rights and labor environment in the supply chain: We are continually strengthening our efforts to improvetransparency and traceability, and respect human rights and labor environments. In 2019, we supported the industry commitment
to Responsible Recruitment for migrant workers and clarified our policy against forced labor. In 2022, we launched workplacemonitoring focused on foreign migrant workers' recruitment and employment, and classified costs to migrant workers, such as
recruitment fees, travel expenses, and passport renewals as zero-tolerance items in our workplace monitoring. If such zerotolerance issues are found, we require partner factories to remedy the matters immediately. In addition, we have conductedtraining and other activities with external partners such as the International Organization for Migration (IOM). As a result, we
confirmed that by the end of May 2024, more than 9,800 foreign migrant workers received repayment of recruitment fees andrelated costs, which amount to over USD 4.5 million (approximately 700 million yen).
■ Consideration for the environment: We have set ourselves the goal of reducing greenhouse gas emissions at our stores andoffices by 90% by the fiscal year ending August 2030 compared to the fiscal year ended August 2019, and by 20% in our supply
chains. In addition to implementing renewable energy within the company, we are strengthening our efforts to reduce greenhousegas emissions together with UNIQLO and GU's main factories. As a result, our own greenhouse gas emissions in the fiscal year
ended August 2023 were reduced by 69.4% compared to the fiscal year ended August 2019 (45.7% reduction in the previous－

5－fiscal year), and by 10.0% in supply chains (6.2% reduction in the previous fiscal year). Also, the percentage of renewable energy
implementation in the company reached 67.6% (42.4% in the previous fiscal year). In recognition of these efforts and disclosures,for the second consecutive year we have been recognized as an "A-List" company for climate change by international non-profit
organization CDP.
■ Community co-existence and mutual support: UNIQLO is promoting the PEACE FOR ALL project, which involves sellinggraphic T-shirts designed by celebrities who share our desire to take action for world peace. All profits (equivalent to 20% of thesale price per shirt) are donated to three humanitarian aid organizations to support those affected by poverty, discrimination,
violence, conflict, and war. Since the start of the initiative in June 2022, our donations exceeded 1.2 billion yen at the end of April
2024.
■ Supporting employee fulfillment: We are implementing various initiatives to promote diversity in four priority areas ofgender, Global One Team, disabilities and LGBTQ+, including the introduction of systems and training programs to support
relevant parties. In the first half of 2024, the Human Rights Committee discussed reports on improving the ratio of women in
managerial positions and reducing the gender pay gap, along with measures to address these issues. Based on the committee's
meetings, development plans and skill enhancement support for female management candidates, and other measures to promote
the appointment of female managers, were discussed at women's human resources development meetings. In May and June 2024,
human rights training was conducted for Group executive officers and business managers to deepen their understanding of humanrights risks in management through example cases that could easily be perceived as harassment or discrimination.
■ Implementing good corporate governance: To enable rapid and transparent management, we have a number of committees
engaged in open and active discussions. The Risk Management Committee discusses measures to minimize the impact on thecompany in the event of a business partner's unexpected business suspension and other occurrences, in addition to strengthening
internal information security and internal controls. The Human Rights Committee reports on the current status and issues raised
via the hotline for company employees and the company's hotline for factory employees, and discusses ways to resolve theseissues. It also discusses issues related to the results of human rights due diligence conducted at the company's bases in Japan andoverseas, providing feedback to relevant departments. Regarding policies for monitoring the working environments at factories,
the committee has discussed points that should be strengthened in response to human rights issues .

－

6

－

(2) Financial Positions and Cash Flows Information(i) Financial Positions
Total assets as at 31 May 2024 were 3.6841 trillion yen, which was an increase of 380.4 billion yen relative to the end of thepreceding fiscal year. The principal factors were an increase of 194.4 billion yen in cash and cash equivalents, an increase of 43.8
billion yen in trade and other receivables, a decrease of 25.6 billion yen in other current financial assets, a decrease of 44.4 billion
yen in inventories, an increase of 65.6 billion yen in derivative financial assets, an increase of 22.0 billion yen in property, plantand equipment, an increase of 41.0 billion yen in right-of-use assets and an increase of 96.3 billion yen in non-current financial
assets.
Total liabilities as at 31 May 2024 were 1.4885 trillion yen, which was an increase of 58.1 billion yen relative to the end of thepreceding fiscal year. The principal factors were a decrease of 13.0 billion yen in trade and other payables, an increase of 33.5
billion yen in lease liabilities, an increase of 10.4 billion yen in current tax liabilities, an increase of 10.5 billion yen in othercurrent liabilities and an increase of 13.3 billion yen in deferred tax liabilities.
Total net assets as at 31 May 2024 were 2.1955 trillion yen, which was an increase of 322.2 billion yen relative to the end of thepreceding fiscal year. The principal factors were an increase of 208.5 billion yen in retained earnings, an increase of 107.0 billion
yen in other components of equity and increase of 5.7 billion yen in non-controlling interests.
(ii) Cash Flows Information
Cash and cash equivalents as at 31 May 2024 had increased by 194.4 billion yen from the end of the preceding fiscal year, to
1.0977 trillion yen.
(Operating Cash Flows)
Net cash generated by operating activities for the nine months ended 31 May 2024 was 454.3 billion yen (315.8 billion yen was
generated during the nine months ended 31 May 2023). The principal factors were cash inflow from profit before tax for 477.7
billion yen and depreciation and amortization for 151.5 billion yen, cash outflow from income taxes paid for 135.2 billion yen.
(Investing Cash Flows)
Net cash used in investing activities for the nine months ended 31 May 2024 was 85.4 billion yen (505.8 billion yen was usedduring the nine months ended 31 May 2023). The principal factors were 53.0 billion yen in payments for acquisition of property,
plant and equipment and 23.4 billion yen for acquisition of intangible assets.
(Financing Cash Flows)
Net cash used in financing activities for the nine months ended 31 May 2024 was 229.5 billion yen (240.7 billion yen was usedduring the nine months ended 31 May 2023). The principal factors were 104.2 billion yen in dividends paid to owners of theparent and 108.7 billion yen in repayments of lease liabilities.

－

7

－

(3) Qualitative Information Concerning Consolidated Business Results Projection
Regarding our business results projection for the year ending 31 August 2024, we have revised up our forecasts as follows toreflect performance over the first nine months of the fiscal year 2024 and recent foreign exchange rates. The following tablecompares our latest full-year business results projection with the previous estimates announced in the “Interim Results
Announcement for the Six Months Ended 29 February 2024” released on 11 April 2024.
(Full financial year)

Revenue

Profit before

Operating profit

income taxes

Profit attributableto owners of the
ParentBasic earnings per
share attributableto owners of the
ParentMillions of yen

Millions of yen

Millions of yen

Millions of yen

Yen

Previous forecast (A)3,030,000

450,000

500,000

320,000

1,043.39

New forecast (B)3,070,000

475,000

565,000

365,000

1,190.09

Difference (B–A)

40,00025,00065,00045,000-Change (%)

1.3%

5.6%

13.0%

14.1%

-

2,766,557

381,090437,918

296,229

966.09Previous results(Note) Revisions during this quarter of previously disclosed consolidated business results projection for the year ending 31 August
2024: Yes－8－

2. Interim Condensed Consolidated Financial Statements and Accompanying Material Notes(1) Interim Condensed Consolidated Statement of Financial Position(Millions of yen)
Notes
ASSETS
Current assets
Cash and cash equivalents
Trade and other receivables
Other financial assets
Inventories
Derivative financial assets
Income taxes receivable
Other assets
Total current assets
Non-current assets
Property, plant and equipment
Right-of-use assets
Goodwill
Intangible assets
Financial assets
Investments in associates accounted for using
the equity method
Deferred tax assets
Derivative financial assets
Other assets
Total non-current assets
Total assets
Liabilities and equity
LIABILITIESCurrent liabilities
Trade and other payables
Other financial liabilities
Derivative financial liabilities
Lease liabilities
Current tax liabilities
Provisions
Other liabilities
Total current liabilities
Non-current liabilities
Financial liabilities
Lease liabilities
Provisions
Deferred tax liabilities
Derivative financial liabilities
Other liabilities
Total non-current liabilities
Total liabilities
EQUITY
Capital stock
Capital surplus
Retained earnings
Treasury stock, at cost
Other components of equity
Equity attributable to owners of the Parent
Non-controlling interests
Total equity
Total liabilities and equity－

9－

As at 31 August2023

As at 31 May
2024

903,280
66,831
576,194449,254
132,101
23,66025,372
2,176,695

1,097,753
110,631550,546404,795
180,342
1,766
27,084
2,372,919

221,877
389,183
8,092
87,300240,363

243,946
430,209
8,092
94,010336,701

18,974

19,62638,208114,151
8,846
1,126,998
3,303,694

41,155131,521
5,938
1,311,202
3,684,122

338,901
61,9133,600
126,992
65,4282,642
129,782
729,260

325,866
62,538
4,062
133,677
75,8471,490
140,305
743,790

241,068
338,657
50,88867,0391,410
2,007
701,072
1,430,333

241,163
365,535
54,76480,363964
1,943
744,736
1,488,526

10,27328,531
1,498,348(14,714)
298,965
1,821,405
51,955
1,873,360
3,303,694

10,27329,406
1,706,912(14,646)
405,970
2,137,916
57,6792,195,595
3,684,122

(2) Interim Condensed Consolidated Statement of Profit or Loss and Interim Condensed Consolidated Statement ofComprehensive Income
Interim Condensed Consolidated Statement of Profit or Loss
(Millions of yen)
Notes
Revenue
Cost of sales
Gross profit
Selling, general and administrative expenses
Other income
Other expenses
Share of profit / (loss) of associates accounted for using
the equity method
Operating profit / (loss)
Finance income
Finance costs
Profit / (Loss) before income taxes
Income tax expense
Profit / (Loss) for the period

3

4
5
5

6
6

Profit / (Loss) for the period attributable to:
Owners of the Parent
Non-controlling interests
Total
Earnings per share
Basic (yen)Diluted (yen)77Nine months ended
31 May 2023

Nine months ended
31 May 2024

2,143,504(1,037,909)
1,105,594(780,180)
8,874(4,779)2,366,501(1,087,526)
1,278,974(885,872)
10,827(3,504)

1,066

1,379

330,574
36,082(7,453)359,203(104,297)
254,905

401,80383,817(7,853)477,767(145,830)
331,937

238,519
16,386
254,905

312,838
19,098331,937777.90776.651,020.02
1,018.25

Interim Condensed Consolidated Statement of Comprehensive Income(Millions of yen)
Notes
Profit for the period
Other comprehensive income / (loss), net of income tax
Items that will not be reclassified subsequently to profit or
loss
Financial assets measured at fair value through othercomprehensive income / (loss)
Total items that will not be reclassified subsequently to
profit or loss
Items that may be reclassified subsequently to profit or loss
Exchange differences on translating foreign operations
Cash flow hedges
Share of other comprehensive income / (loss) of
associates
Total items that may be reclassified subsequently to
profit or loss
Other comprehensive income / (loss), net of income tax
Total comprehensive income for the period
Attributable to:
Owners of the Parent
Non-controlling interests
Total comprehensive income for the period

－

10

－

Nine months ended
31 May 2023

Nine months ended
31 May 2024

254,905

331,937

18

(3)

18

(3)

4,727
26,987

81,056
113,74675

108

31,790

194,91031,809286,715

194,907526,845

271,077
15,638286,715504,264
22,580526,845

(3) Interim Condensed Consolidated Statement of Changes in Equity
For the nine months ended 31 May 2023
(Millions of yen)
Other components of equity
FinancialassetsForeignmeasuredcurrency
at fair valuetranslation
through otherreservecomprehensive
income / (loss)

Capitalstock

CapitalsurplusRetainedearnings

Treasurystock,
at cost10,273

27,834

1,275,102(14,813)--238,519

-

-

-

-

-

-

-

-

18

4,347

28,115--

238,519

-

18

4,347

28,115Acquisition of treasury stock
Disposal of treasury stock
Dividends
Share-based payments
Transfer to non-financial assets
Transfer to retained earnings
Changes in ownership

-

1,382
(980)
-

(73,074)
95

(27)
106
-

(95)

-

interests in subsidiaries
without losing control

-

-

-

-

-

-

402

(72,979)

78(95)

As at 1 September 2022
Net changes during the period
Comprehensive income
Profit for the period
Other comprehensive income /(loss)
Total comprehensive income /(loss)
Transactions with the owners of
the Parent

Total transactions with the ownersof the Parent
Total net changes during the period
As at 31 May 2023

131

100,587

Share of otherCash flow
comprehensive
hedge
income ofreserveassociates

162,407

129

Equityattributable
Nonto owners controllingof theinterests
Parent

Total

Total
equity263,255

1,561,652

53,7501,615,402--

238,519

16,386

254,90575

32,55732,557(748)

31,80975

32,557

271,077

15,638286,715(65,236)--(65,236)
(95)

(27)
1,489
(73,074)(980)(65,236)-(16,305)
(717)
-

(27)
1,489
(89,379)(980)(65,953)
-

-

-

-

-

-

314

314

-

(65,236)-(65,331)(137,829)(16,707)(154,537)-

402

165,540

78

(76)

4,347

(37,120)75(32,774)

133,247(1,069)132,177

10,273

28,236

1,440,642(14,734)

54

104,934

125,286

205

230,481

1,694,899

52,6801,747,580

For the nine months ended 31 May 2024
(Millions of yen)
Other components of equity
FinancialassetsForeignmeasuredcurrency
at fair valuetranslation
through otherreservecomprehensive
income / (loss)

Capitalstock

CapitalsurplusRetainedearnings

Treasurystock,
at cost10,27328,531

1,498,348(14,714)--

312,838

-

-

-

-

-

-

-

-

(3)

79,539111,781--

312,838-(3)

79,539111,781-956-(104,274)

(0)
68
-

-

-

Share-based payments
Transfer to non-financial assets

-

(81)
-

-

-

-

Total transactions with the ownersof the Parent-

874(104,274)

67

Total net changes during the period-874

208,564

67

10,27329,406

1,706,912(14,646)25

As at 1 September 2023
Net changes during the period
Comprehensive income
Profit for the period
Other comprehensive income /(loss)
Total comprehensive income /(loss)
Transactions with the owners of
the Parent
Acquisition of treasury stock
Disposal of treasury stock
Dividends

As at 31 May 2024

28

－

11

146,031

Share of otherCash flow
comprehensive
hedge
income ofreserveassociates

302

Total

Total
equity298,965

1,821,405

51,955

1,873,360--

312,838

19,098331,937

108

191,425

191,425

3,481

194,907108

191,425504,264

22,580526,845

-

-

-

(0)
1,024
(104,274)(15,743)(0)
1,024(120,017)-(84,421)-(84,421)(81)(84,421)(1,114)(81)(85,535)--(84,421)-(84,421)(187,753)(16,857)(204,610)(3)

79,53927,359108

107,004

316,510

5,723

322,234

225,571

179,962410

405,970

2,137,916

57,6792,195,595－

152,602

Equityattributable
Nonto owners controllingof theinterests
Parent(4) Interim Condensed Consolidated Statement of Cash Flows(Millions of yen)
Notes
Cash flows from operating activities
Profit before income taxes
Depreciation and amortization
Impairment losses
Interest and dividend income
Interest expenses
Foreign exchange losses / (gains)Share of profit and loss of associates accounted for using
the equity method
Losses on disposal of property, plant and equipment(Increase) / Decrease in trade and other receivables(Increase) / Decrease in inventories
Increase / (Decrease) in trade and other payables(Increase) / Decrease in other assets
Increase / (Decrease) in other liabilities
Others, net
Cash generated from operations
Interest and dividends income received
Interest paid
Income taxes paid
Income taxes refunded
Net cash generated by / (used in) operating activities
Cash flows from investing activities
Amounts deposited into bank deposits with original
maturities of three months or longer
Amounts withdrawn from bank deposits with original
maturities of three months or longer
Payments for property, plant and equipment
Payments for intangible assets
Payments for acquisition of right-of-use assets
Payments for acquisition of investment securities
Proceeds from sale and redemption of investment securities
Payments for lease and guarantee deposits
Proceeds from collection of lease and guarantee deposits
Others, net
Net cash generated by / (used in) investing activities

－

12

－

Nine months ended
31 May 2023

Nine months ended
31 May 2024

359,203139,211
1,932(28,161)
7,453(7,920)477,767
151,532
1,118(48,266)
7,829(35,524)(1,066)(1,379)518(41,994)
99,178(86,769)
7,702(19,328)
22,117452,077
16,667(7,149)(145,698)
315,896

1,015(41,101)
59,632(17,269)
2,009
5,191
(24,296)538,259
36,855(7,484)(135,268)
22,028454,391(291,360)(298,322)

130,218

281,048(51,866)(25,134)(1,778)(406,710)
140,963(3,332)
3,682(519)(505,838)(53,074)(23,437)(1,299)(302,886)
312,858(4,485)4,775(640)(85,463)(Millions of yen)

Cash flows from financing activities
Proceeds from short-term loans payable
Repayment of short-term loans payable
Repayment of redemption of bonds
Dividends paid to owners of the Parent
Dividends paid to non-controlling interests
Repayments of lease liabilities
Others, net
Net cash generated by / (used in) financing activities
Effect of exchange rate changes on the balance of cash held in
foreign currencies
Net increase / (decrease) in cash and cash equivalents
Cash and cash equivalents at the beginning of period
Cash and cash equivalents at the end of period

－

13

－

Nine months ended
31 May 2023

Nine months ended
31 May 2024

3,760
(3,615)(50,000)(72,813)(16,391)(102,054)
393(240,721)

2,797(3,601)(104,225)(15,849)(108,766)
67(229,578)(5,061)

55,123(435,724)
1,358,292
922,567

194,472
903,280
1,097,753

(5) Notes to assumption of going concern
Not applicable.
(6) Notes to the Interim Condensed Consolidated Financial Statements
1. Changes in accounting policies
Significant Accounting Policies applied in the Interim Condensed Consolidated Financial Statement are the same as those applied in
the consolidated financial statements for the previous consolidated fiscal year, with the exception of the below newly applied standard.
From the beginning of the current consolidated fiscal year, the Group has adopted the below standard.
Standard

Standard Name

Summary of New/Revised Content and Transitional Measures

Income Taxes

Deferred tax related to assets and liabilities arising from a single transaction.

IAS 12(Revised)
IAS 12(Revised)

Income Taxes

Disclosure of income taxes arising from tax laws enacted or substantially enacted to introduce
the "International Tax Reform - Pillar Two Model Rules."The application of IAS 12 (Revised) has no significant impact on the Group's Interim Condensed Consolidated Financial Statement.
2. Segment Information(i) Description of reportable segments
The Group’s reportable segments are components for which discrete financial information is available and reviewed regularly
by the Board of Directors (the “Board”) to make decisions about the allocation of resources and to assess performance.
The Group’s main retail clothing business is divided into four reportable operating segments: UNIQLO Japan, UNIQLOInternational, GU and Global Brands, each of which is used to frame and form the Group’s strategy.
The main businesses covered by each reportable segment are as follows:
UNIQLO Japan: UNIQLO clothing business within Japan
UNIQLO International: UNIQLO clothing business outside of Japan
GU: GU clothing business in Japan and overseas
Global Brands: Theory, PLST, COMPTOIR DES COTONNIERS, and PRINCESSE TAM.TAM clothing business(ii) Segment revenue and results
For the nine months ended 31 May 2023
Reportable segments
Total

Others(Note 1)

106,449

2,141,795

1,708

-

2,143,504

25,8181,479

311,00629

19,538

330,574

184,736

25,233789

315,77247

43,383359,203

1,047

140

744

1,932

-

-

1,932

UNIQLOJapan

UNIQLOInternational

GU

GlobalBrands

Revenue

709,745

1,097,605

227,995

Operating profit / (loss)

99,608184,100

Segment income /(loss)(i.e., profit / (loss)
before income taxes)

105,013-

Other disclosure:
Impairment losses(Millions of yen)Interim
Condensed
Adjustments
Consolidated(Note 2)
Statement ofProfit or
Loss(Note 1) “Others” includes the real estate leasing business, etc.
(Note 2) “Adjustments” mainly includes revenue and corporate expenses which are not allocated to individual reportable segments.

－

14

－

For the nine months ended 31 May 2024
Reportable segments
Total

Others(Note 1)

103,785

2,365,157

1,344

-

2,366,501

29,483(315)

378,920261

22,621

401,803

223,61229,901(631)

395,974

261

81,530477,767

328

626

164

1,118

-

-

1,118

UNIQLOJapan

UNIQLOInternational

GU

GlobalBrands

Revenue

722,057

1,292,849

246,464

Operating profit / (loss)

127,807

221,944

Segment income /(loss)(i.e., profit / (loss)
before income taxes)

143,092-

Other disclosure:
Impairment losses(Millions of yen)Interim
Condensed
Adjustments
Consolidated(Note 2)
Statement ofProfit or
Loss(Note 1) “Others” includes the real estate leasing business, etc.
(Note 2) “Adjustments” mainly includes revenue and corporate expenses which are not allocated to individual reportable segments.

－

15

－

3. Revenue
The Group conducts its global retail operations through both physical stores and e-commerce channels. The following is abreakdown of total revenue by major regional market operation.
Nine months ended 31 May 2023
Revenue(Millions of yen)

Percentage of Total
(%)

Japan

709,745

33.1

Greater China

476,33122.2

South Korea, Southeast Asia, India & Australia

342,954

16.0

North America

123,228

5.7

Europe155,091

7.2

UNIQLO (Note 1)

1,807,350

84.3

GU (Note 2)

227,995

10.6

Global Brands (Note 3)

106,449

5.0

1,708

0.1

2,143,504

100.0

Others (Note 4)
Total(Note 1) Revenue is classified by nation or region based on customer location.
The designated regions and countries are classified as follows:
Greater China:
South Korea, Southeast Asia, India & Australia:

Mainland China, Hong Kong, Taiwan
South Korea, Singapore, Malaysia, Thailand, the Philippines,

North America:

Indonesia, Australia, Vietnam, India
United States of America, Canada

Europe:United Kingdom, France, Russia, Germany, Belgium, Spain,
Sweden, the Netherlands, Denmark, Italy, Poland(Note 2) Main national and regional market:(Note 3) Main national and regional markets:

Japan
North America, Europe, Japan(Note 4) The “Others” category includes real estate leasing operations.

－

16

－

Nine months ended 31 May 2024
Revenue(Millions of yen)

Percentage of Total
(%)

Japan

722,057

30.5

Greater China

522,469

22.1

South Korea, Southeast Asia, India & Australia

404,547

17.1

North America

160,327

6.8

Europe205,505

8.7

UNIQLO (Note 1)

2,014,907

85.1

GU (Note 2)

246,464

10.4

Global Brands (Note 3)

103,785

4.4

1,344

0.1

2,366,501

100.0

Others (Note 4)
Total(Note 1) Revenue is classified by nation or region based on customer location.

The designated regions and countries are classified as follows:
Greater China:
Mainland China, Hong Kong, Taiwan
South Korea, Southeast Asia, India & Australia:

South Korea, Singapore, Malaysia, Thailand, the Philippines,
Indonesia, Australia, Vietnam, India

North America:
Europe:United States of America, Canada
United Kingdom, France, Germany, Belgium, Spain, Sweden, theNetherlands, Denmark, Italy, Poland, Luxembourg
Japan(Note 2) Main national and regional market:(Note 3) Main national and regional markets:
North America, Europe, Greater China, Japan(Note 4) The “Others” category includes real estate leasing operations.
4. Selling, general and administrative expenses
The breakdown of selling, general and administrative expenses for each reporting period is as follows:(Millions of yen)
Nine months ended
31 May 2023

Nine months ended
31 May 2024

Selling, general and administrative expenses
Advertising and promotion

71,641

78,347

Lease expenses

79,34989,193

Depreciation and amortization

139,211150,289

Outsourcing

45,30950,199

Salaries

275,337

324,593

Distribution

83,70493,428Others85,62599,820780,180

885,872

Total

－

17

－

5. Other income and other expenses
The breakdown of other income and other expenses for each reporting period is as follows:(Millions of yen)
Nine months ended
31 May 2023

Nine months ended
31 May 2024

Other income
Foreign exchange gains (Note)

1,673

6,985

Others

7,200

3,841

8,874

10,827

Total(Millions of yen)
Nine months ended
31 May 2023

Nine months ended
31 May 2024

Other expenses
Loss on retirement of property, plant and equipment

518

1,015

Impairment losses

1,932

1,118

Others

2,327

1,370

4,779

3,504

Total

(Note) Currency adjustments incurred in the course of operating transactions are included in “Other income”.
6. Finance income and finance costs
The breakdown of finance income and finance costs for each reporting period is as follows:(Millions of yen)
Nine months ended
31 May 2023

Nine months ended
31 May 2024

Finance income
Foreign exchange gains (Note)

7,920

35,524

Interest income

28,15548,2665

26

36,082

83,817

Others
Total(Millions of yen)
Nine months ended
31 May 2023

Nine months ended
31 May 2024

Finance costs
Interest expenses
Others
Total

7,453

7,829

-

23

7,453

7,853

(Note) Currency adjustments incurred in the course of non-operating transactions are included in “Finance income”.

－

18

－

7. Earnings per share
Nine months ended 31 May 2023

Nine months ended 31 May 2024

Equity per share attributable to ownersof the Parent (Yen)

5,527.11

Equity per share attributable to ownersof the Parent (Yen)

6,970.21

Basic earnings per share for the period(Yen)

777.90

Basic earnings per share for the period(Yen)1,020.02

Diluted earnings per share for the period(Yen)

776.65

Diluted earnings per share for the period(Yen)

1,018.25(Note) 1. The basis for calculation of basic earnings per share and diluted earnings per share is as follows:
Nine months ended
31 May 2023

Nine months ended
31 May 2024

Basic earnings per share for the period
Profit for the period attributable to owners of the Parent(Millions of yen)

238,519

312,838

Profit not attributable to common shareholders (Millions of
yen)

-

-

Profit attributable to common shareholders (Millions of yen)

238,519

312,838

306,618,230

306,699,780--

Increase in number of common stock (Shares)

493,601

530,978(Number of share subscription rights included in increase)(493,601)(530,978)

Average number of common stock outstanding during theperiod (Shares)
Diluted earnings per share for the period
Adjustment to profit (Millions of yen)

2. Our common stock has been split on a 3-to-1 basis, effective 1 March 2023. Equity per share attributable to owners of the
Parent, basic earnings per share for the period, and diluted earnings per share for the period have been calculated assuming thisstock split was conducted at the beginning of the previous fiscal year.

8. Subsequent events
Not applicable.

－

19

－

3. Resumption of Trading
At the request of the Company, trading in its Hong Kong depositary receipts on the Stock Exchange was halted with effect from1:00 p.m. on Thursday, 11 July 2024, pending the release of this announcement. An application will be made by the Company to the
Stock Exchange for resumption of trading in the Hong Kong depositary receipts with effect from 9:00 a.m. on Friday, 12 July 2024.
On behalf of the Board
FAST RETAILING CO., LTD.
Tadashi Yanai
Chairman, President and Chief Executive
OfficerJapan, 11 July 2024
As at the date of this announcement, the Executive Directors are Tadashi Yanai, Takeshi Okazaki, Kazumi Yanai and Koji Yanai, andthe Independent Non-executive Directors are Nobumichi Hattori, Masaaki Shintaku, Naotake Ono, Kathy Mitsuko Koll (aka Kathy
Matsui), Joji Kurumado, and Yutaka Kyoya.

－

20－