Uniqlo Operator Fast Retailing Posts 32% Rise in Full-Year Profit
The Uniqlo operator said overseas growth offset a weak yen and higher import costs, while it raised its forecast to 830 billion yen.
- On Oct 8, Fast Retailing, owner of Uniqlo, reported its fifth consecutive record annual profit, with operating profit climbing about 32% to 743.13 billion yen as overseas growth overcame a weak yen at home.
- Founder Tadashi Yanai has expanded the group from one Hiroshima store in 1984 to more than 2,500 Uniqlo locations globally, while consistently beating quarterly expectations throughout the year.
- Operations in North America and Europe provided vital counterbalance to sluggish results in China, where the retailer operates nearly 900 Uniqlo shops as its largest foreign market.
- The company is shifting focus toward massive, multi-level stores to combat online competition, forecasting 830 billion yen operating profit for the year ending Aug 2027, surpassing its own 730 billion yen forecast and analyst estimates from LSEG.
- While aiming to become the world's top retailer, Fast Retailing competes with Zara owner Inditex and Sweden's H&M; management warned that a weak yen increases import costs in Japan, potentially necessitating future price increases.
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23 Articles
Uniqlo doubles Inditex’s growth rate as it targets the top spot in global fashion
The Japanese apparel group Fast Retailing, owner of the Uniqlo chain, continues to grow at a rapid pace and could finish 2026 as the world’s second-largest fashion retailer. On Thursday, the company reported record annual results, with double-digit increases in both revenue and profit.Seguir leyendo
The owner of Uniqlo and other brands registered another record fiscal year, driven by stronger profits in all regions, as the opening of new stores leveraged sales, and plans an even greater profit for this year. Exclusive material for subscribers. To have full access, access the link of the material and register.
Uniqlo's parent company, Fast Retailing, surprises with fifth consecutive increase in profits - RetailDetail EU
Fast Retailing closed its fiscal year with its fifth consecutive record profit. The owner of Uniqlo attributes this to strong performance across all regions, despite pressure from the weak yen in its home market.
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