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Fast Retailing Co., Ltd. - Company Research Report



Company Overview



Company Information


  • Name: Fast Retailing Co., Ltd.

  • Mission:

  • To create truly great clothing with new and unique value and to enable people worldwide to experience the joy of wearing such clothes.

  • To enrich people's lives through unique corporate activities and seek to grow and develop the company in unity with society.

  • Corporate Statement: Changing clothes. Changing conventional wisdom. Change the world.


Foundation and Headquarters


  • Founded: May 1, 1963

  • Headquarters:

  • Sayama, Yamaguchi City, Yamaguchi 754-0894, Japan

  • Roppongi Office: Midtown Tower, Akasaka 9-7-1, Minato-ku, Tokyo 107-6231, Japan

  • Ariake Office: 1-6-7 Ariake, Koto-ku, Tokyo 135-0063, Japan


Key People


  • Chairman, President & CEO: Tadashi Yanai


Workforce and Financials


  • Number of Employees: 59,607 (as of February 29, 2024)

  • Paid-in Capital: 10,273 million yen

  • Number of Issued Shares: 318,220,968 (including treasury stock)

  • Revenue: No information is available


Recognitions


  • Fast Retailing included in the CDP A List for transparency and leadership on climate change for the second consecutive year (February 2024).


Products



UNIQLO


  • Description: UNIQLO operates multiple stores worldwide, offering high-quality and affordable clothing. Known for its innovative LifeWear concept.

  • Key Features: Versatile and simple designs, quality fabric, functionality, and affordability.


GU


  • Description: GU operates pop-up stores and aims to make fashion fun at low prices. It's expanding internationally.

  • Key Features: Captures mass fashion trends, offers trendy items at affordable prices, focuses on international growth.


Theory


  • Description: A fashion brand renowned for its fit and sleek designs, originated in New York. Specializes in everyday luxury clothing for men and women.

  • Key Features: Premium stretch fabric, modern and sophisticated styles, perfect fit.


PLST


  • Description: Provides superior clothing that is stylish and functional for everyday living.

  • Key Features: Offers smart, high-quality, easy-to-wear clothing at reasonable prices.


Comptoir des Cotonniers


  • Description: French casual wear brand based on the French culture and artisanship, known for timeless and feminine designs.

  • Key Features: High-quality materials, sophisticated collection, can be worn for a lifetime.


Princesse tam.tam


  • Description: A French lingerie brand known for celebrating natural beauty with a wide range of lingerie and loungewear.

  • Key Features: High quality, original prints, refined and playful designs.


Recent Developments



Key Changes and Appointments


  • September 4, 2024: Clare Waight Keller appointed UNIQLO Creative Director.


Market Activity


  • September 3, 2024:

  • Monthly Sales Information of Japan (August 2024).

  • Store Openings / Closings Information of Japan (August 2024).

  • UNIQLO and Magnum Photos announced a new project "GLOBAL PHOTO EXHIBITION - PEACE FOR ALL" with exhibitions starting in London on September 13, 2024, followed by over 10 cities globally.


Product Launches and Collections


  • August 27, 2024:

  • Launch of "PEACE FOR ALL x Magnum Photos Collection" featuring portraits of humanitarian activities, available from September 20, 2024.


Corporate Social Responsibility


  • May 2024:

  • Fast Retailing recognized for its continuous support and initiatives for refugees and climate action.

  • Contribution to disaster relief: Donated NT$7 million for Taiwan earthquake reconstruction.


Additional Partnerships and Expansion


  • August 20, 2024: GU unveils details of its first US flagship store, app, and e-commerce launch to expand its global presence.


Performance Highlights


  • First Half Fiscal 2024: Record performance primarily driven by strong UNIQLO operations in North America, Europe, and Southeast Asia.


Company Vision


  • To transcend conventional wisdom and achieve growth by understanding and creating products that meet local needs from a global perspective.


Conclusion


This report thoroughly covers essential information about Fast Retailing Co., Ltd., focusing on its mission, products, recent developments, and strategies to maintain growth and market presence.