For fiscal 2026 (FY26) ended August 31, consolidated revenue increased 16.6 per cent year on year (YoY) to ¥3.96 trillion (~$25.05 billion, as per conversion rate of $1 = ¥158.1005 as on October 8, 2026).
Japanese apparel retailer Fast Retailing reported FY26 revenue of ¥3.96 trillion (~$25.05 billion), up 16.6 per cent, while operating profit rose 31.7 per cent to ¥743.13 billion (~$4.70 billion).
Uniqlo International drove its fifth consecutive year of record performance.
For FY27, the group forecast revenue growth of 12.3 per cent to ¥4.45 trillion (~$28.15 billion).
Business profit, defined as revenue less cost of sales and selling, general and administrative expenses, rose 30.4 per cent to ¥718.50 billion (~$4.54 billion), while operating profit climbed 31.7 per cent to ¥743.13 billion (~$4.70 billion). Profit attributable to owners of the parent grew 25.3 per cent to ¥542.52 billion (~$3.43 billion), with basic earnings per share rising to ¥1,768.08 (~$11.18) from ¥1,411.44 (~$8.93).
The gross profit rose to ¥2.19 trillion (~$13.85 billion), lifting the gross margin to 55.2 per cent from 53.8 per cent a year earlier. The operating margin improved to 18.7 per cent from 16.6 per cent, while profit before income taxes increased 23.4 per cent to ¥802.51 billion (~$5.08 billion), Fast Retailing said in a press release.
Uniqlo International drives regional expansion
Uniqlo Japan revenue rose 5.7 per cent to ¥1.08 trillion (~$6.83 billion), while business profit increased 8.1 per cent to ¥196.00 billion (~$1.24 billion). Same-store sales grew 5.1 per cent, supported by functional ranges including Ultra Stretch Pants and UV Protection items, alongside trend-led products such as Barrel Pants.
Uniqlo International recorded revenue growth of 26.2 per cent to ¥2.41 trillion (~$15.24 billion), with business profit rising 44.1 per cent to ¥439.80 billion (~$2.78 billion). Revenue in China (plus Taiwan) increased 11.3 per cent to ¥724.00 billion (~$4.58 billion), while business profit grew 24.6 per cent to ¥112.00 billion (~$708.41 million). In China (excluding Hong Kong and Macau), local-currency revenue rose by approximately 3 per cent and business profit increased by roughly 18 per cent as operational reforms progressed.
Combined revenue in South Korea, Southeast Asia, India and Australia rose 30.7 per cent to ¥809.40 billion (~$5.12 billion), while business profit increased 44.0 per cent to ¥168.30 billion (~$1.06 billion). North American revenue grew 34.6 per cent to ¥364.90 billion (~$2.31 billion) and business profit rose 53.3 per cent to ¥67.90 billion (~$429.47 million). European revenue climbed 38.7 per cent to ¥512.60 billion (~$3.24 billion), with business profit up 69.0 per cent to ¥91.70 billion (~$580.01 million).
Combined North American and European sales exceeded those of both China (plus Taiwan) and the South Korea, Southeast Asia, India and Australia region for the first time. Fast Retailing attributed the performance to flagship-store openings, brand communication and new products incorporating on-trend features.
GU profit advances as Global Brands restructures
GU revenue edged up 1.8 per cent to ¥336.70 billion (~$2.13 billion), while business profit rose 11.0 per cent to ¥31.50 billion (~$199.24 million). The company said fourth-quarter sales were constrained by product-lineup balance issues during the transition to its Autumn/Winter 2026 range, although tighter product assortments and improved sales planning strengthened operations over the full year.
Global Brands revenue declined 2.3 per cent to ¥128.50 billion (~$812.77 million), but business profit increased 6.8 per cent to ¥2.80 billion (~$17.71 million). Theory faced lower wholesale activity and the closure of its US e-commerce outlet site, while PLST reported higher revenue and profit, helped by menswear and e-commerce sales.
Cash flow and investment strengthen balance sheet
Capital expenditure totalled ¥112.70 billion (~$712.84 million), including investments in new stores, automated warehouses and systems. Net cash generated from operating activities rose to ¥788.59 billion (~$4.99 billion), while net cash used in investing and financing activities amounted to ¥316.89 billion (~$2.00 billion) and ¥429.07 billion (~$2.71 billion), respectively.
FY27 outlook targets further double-digit sales growth
For FY27, Fast Retailing forecast consolidated revenue of ¥4.45 trillion (~$28.15 billion), up 12.3 per cent YoY. It expects business profit to increase 15.5 per cent to ¥830.00 billion (~$5.25 billion), operating profit to rise 11.7 per cent to ¥830.00 billion (~$5.25 billion), and profit before income taxes to grow 9.7 per cent to ¥880.00 billion (~$5.57 billion).
The group forecast profit attributable to owners of the parent of ¥560.00 billion (~$3.54 billion), up 3.2 per cent, and basic earnings per share of ¥1,825.06 (~$11.54). It plans to expand its network to 3,545 stores by the end of August 2027, comprising 782 Uniqlo Japan stores, 1,752 Uniqlo International stores, 490 GU stores and 521 Global Brands stores.
Fibre2Fashion News Desk (SG)