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.