Consolidated Statement of Income | FAST RETAILING CO., LTD.

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JGAAP

Unit: Million Yen

	FY2013	FY2014	FY2015	FY2016	FY2017
Net sales	1,143,003	1,382,907	N.A.	N.A.	N.A.
Cost of sales	578,992	681,073
Gross profit	564,011	701,833
Selling, general and administrative expenses	431,091	553,187
Advertising and promotion	52,519	60,119
Personnel	105,143	137,853
Rent	111,171	138,090
Depreciation	23,691	30,828
Others	138,567	186,295
Operating income	132,920	148,646
Other income (expenses)
Interest and dividends income	598	897	N.A.	N.A.	N.A.
Interest on refund of income taxes and other	433	0
Penalty income	65	0
Foreign exchange gains /(losses)	15,580	8,197
Interest expenses	-633	-931
Gain on sales of non-current assets	390	991
Reversal of allowance for doubtful accounts	-	0
Loss on retirement of non-current assets	-504	-351
Impairment loss	-5,068	-17,378
Others, net	-2,257	45
Income before income taxes and minority interests	141,525	140,115
Total income tax	48,268	58,207
Income before minority interests	93,256	82,909	N.A.	N.A.	N.A.
Minority interests	2,879	4,790
Net income	90,377	78,118

*FR adopted IFRS from fiscal 2014, so fiscal 2014 data calculated using JGAAP are exempt from auditor's opinion
* Since the year ending August 31, 2011, the portion of transportation costs and warehousing fees which was
formerly included under cost of sales has been recorded under selling, general and administrative expenses
(others)
* "-" denotes items where the balance is zero. "0" denotes items where the balance is less than 1 million yen

IFRS

Unit: Million Yen

	FY2013	FY2014	FY2015	FY2016	FY2017
Revenue	1,142,971	1,382,935	1,681,781	1,786,473	1,861,917
Cost of sales	577,826	683,161	833,243	921,475	952,667
Gross profit	565,145	699,773	848,538	864,998	909,249
Selling, general and administrative expenses	426,177	549,195	671,863	702,956	725,215
Advertising and promotion	52,693	60,941	68,474	71,611	70,937
Rental expenses	111,276	138,652	166,437	171,356	174,034
Depreciation	23,607	30,808	37,758	36,797	39,688
Outsourcing	17,185	22,953	29,324	33,602	33,244
Salaries	140,111	184,864	230,815	242,033	252,520
Others	81,303	110,975	139,053	147,555	154,790
Other income	4,050	7,025	8,782	2,363	6,947
Foreign exchange gains	2,081	3,926	5,809	-	2,137
Gains on sales of property, plant and equipment	390	991	43	135	18
Share of profit of an associate	-	-	-	132	625
Reversal of impairment losses	-	-	-	-	695
Others	1,578	2,107	2,929	2,095	3,469
Other expenses	8,916	27,200	20,992	37,112	14,567
Foreign exchange losses	-	-	-	11,095	-
Loss on retirement of property, plant and equipment	519	391	2,479	1,052	1,915
Impariment losses	5,068	23,960	16,146	22,397	9,324
Others	3,328	2,847	2,366	2,567	3,327
Operating profit	134,101	130,402	164,463	127,292	176,414
Finance income	22,269	6,001	17,354	2,364	19,917
Foreign exchange gains	21,667	5,104	15,084	-	13,318
Interest income	573	879	1,434	2,349	6,110
Dividend income	28	17	42	14	14
Others	-	-	792	-	474
Finance cost	638	933	1,141	39,420	2,932
Foreign exchange losses	-	-	-	36,955	-
Interest expenses	638	933	1,137	2,402	2,932
Others	-	-	3	62	-
Profit before income taxes	155,732	135,470	180,676	90,237	193,398
Income taxes	48,257	56,133	63,287	36,162	64,488
Profit for the year	107,474	79,337	117,388	54,074	128,910
Attribute to
Owners of the parent	104,595	74,546	110,027	48,052	119,280
Non-controlling interests	2,879	4,790	7,360	6,021	9,630
Profit for the year	107,474	79,337	117,388	54,074	128,910

*FR adopted IFRS from fiscal 2014. Fiscal 2013 data recalculated using IFRS
*"-"denotes items where the balance is zero.

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