UNIQLO’s Newest Global Flagship Store Steps Foot in Hong Kong Opening in Late April in the Heart of Causeway Bay

UNIQLO just recently announced its newest global flagship store, the UNIQLO Lee Theatre Store, is set to open its doors to stylish and discerning Hong Kong shoppers on April 26, 2013. This impressive new store will span three floors and boast over 37500ft2 of shopping space in the Lee Theatre, located in the centre of Causeway Bay’s fashionable shopping district.

UNIQLO first launched inHong Kongin September 2005 and currently operates sixteen stores in the city. The brand enjoys a particularly strong presence in the local market thanks to consumers’ strong enthusiasm for UNIQLO’s exceptional quality at competitive prices. Situated inCausewayBay,Hong Kong’s most esteemed fashion district, UNIQLO’s new global flagship store will showcase the latest and greatest from the brand’s basic wear culture. Shoppers will be able to experience a distinct and satisfying shopping journey at this impressive UNIQLO location.

As a brand, UNIQLO is dedicated to designing functional clothing that comes in a wide variety of selections, all of which feature exceptional quality and fresh styles. The Lee Theatre Store will serve as a giant leap forward for the brand in the region and will certainly benefit its continuous global growth.

Hong Kong Global Flagship Store Summary

Store NameUNIQLO Lee Theatre Store

Opening Date:               26 April 2013

Address:         G/F, B1 and B2, Lee Theatre,

No. 99 Percival Street,CausewayBay

Floor Size:      2,534 sqm spread over three floors

About UNIQLO and Fast Retailing

UNIQLO is a brand of Fast Retailing Co., Ltd., a leading global Japanese retail holding company that designs, manufactures and sells clothing under seven main brands: Comptoir des Cotonniers, g.u., Helmut Lang, J Brand, Princesse tam..tam, Theory, and UNIQLO. With global sales of approximately 928 billion yen for the 2012 fiscal year ending August 31, 2012, Fast Retailing is currently the world’s fourth largest apparel retail company, and UNIQLO isJapan’s leading specialty retailer.

UNIQLO continues to open large-scale stores in some of the world’s most important cities and locations, as part of its ongoing efforts to solidify its status as a truly global brand.Today the company has a total of more than 1,200 stores in 13 markets worldwide including Japan: China, South Korea, U.S., Hong Kong, U.K., France, Singapore, Russia, Taiwan, Malaysia, Thailand and the Philippines. UNIQLO operates an integrated business model under which it designs, manufactures, markets and sells high-quality, casual apparel. The company believes that truly great clothes should be supremely comfortable, feature universal designs, are of high quality and offer a superb fit to everyone who wears them.

With a corporate statement committed to changing clothes, changing conventional wisdom and change the world, Fast Retailing is dedicated to creating great clothing with new and unique value to enrich the lives of people everywhere. For more information about UNIQLO and Fast Retailing, please visit www.uniqlo.com and www.fastretailing.com

Major Characteristics of a Company that are evaluated through Financial Statement Analysis

The purpose of financial statement analysis is not only to understand the historical results of financial statements but also to use that information to forecast the future.

Accountants and analysts should consider the major characteristics of a company when analyzing its financial statements that are evaluated through Liquidity ratios, Profitability ratios and Solvency ratios.

Liquidity ratios. It measures of the short-term debt-paying ability of a Company.

  1. Current Ratio = Current Assets/Current Liabilities (Measures the short-term debt-paying ability)
  2. Acid Test or Quick Ratio = Cash + Marketable Securities + Accounts Receivable / Current Liability  (Measures the immediate short-term liquidity)

Activity ratios – measure the efficiency of the conduct of business activity.

1. Accounts receivable turnover = Net Sales/Ave. Net Accounts receivable: (Measures the number of times in a year that receivables were collected)

2. Average collection period = 365 days/Accounts receivable turnover or Accounts receivable net/Net Credit Sales/365 days (Measures the average number of days that receivables were collected)

3. Inventory Turnover = Cost of Goods Sol/ Average Inventory: (Measures the number of times in a year that inventories were sold).

4. Average Sales Period = 365 days/Inventory turnover or Accounts payable/ CGS/365 days: (Measures the average number of days that inventories were sold).

Profitability ratios – measures of the income or operating success of an enterprise for a given period of time.

1. Profit margin = Net Income/Sales (Measures the net income generated by each peso sale)

2. Asset turnover = Net Sales/Average Total Assets (Measures how assets are efficiently used to generate sales)

3. Return on Assets = Net Income/Total Assets (Measures overall profitability of assets)

4. Return on Equity = Net Income/Average Common Stockholders’ Equity (          Measures profitability of owner’s investment)

5. Earnings per share = Net Income or (Earnings after tax–Preferred Dividends)/ Average number of common shares outstanding or Earnings available to common stockholder/Average number of common shares outstanding (Measures net income per common share outstanding)

6. Price Earnings Ratio = Market Value of common stock/Earnings Per Share (         Measures the value investors are willing to give up for every peso earnings they earn)

7. Payout Ratio = Common Cash Dividend/Earnings Available to Common Stockholders (Measures the percentage of earnings distributed as cash dividends)

8. Dividend Yield = Common Cash Dividends/Market Value Common Stock (-          Measures the percentage of cash dividends received over the cash investment per share of common stockholders)

9. Book value per share = Common stockholders’ equity/Number of common shares outstanding (Book value per common share)

0. Book value to Market = Book value per share/Market Value of Common stock (Measures the book value per share against perceived market value of common stock)

Solvency Ratios – measures of the ability of the enterprise to survive a long period of time.

1. Time interest earned ratio = Operating income/Interest expense (          Measures the ability to meets interest payments as they become due)

2. Debt-to-equity ratio = Liabilities/Stockholders’ Equity (Measures size of total debt to total capital)

3. Debt ratio = Liabilities/Total Assets (Measures percentage of total assets provided by creditors)

4. Equity ratio = Total Equity/Total Assets (Measures the percentage of total assets provided by owners)

The Liquidity ratios, Profitability ratios and Solvency ratios are indeed useful for accountants and analysts in financial statement analysis for the valuation of the liquidity, profitability and solvency of a Company’s business operations.