Fast Retailing posts 32% profit rise to 743.1 billion yen
Fast Retailing reported operating profit of 743.13 billion yen for the year ended August 31, a rise of about 32 percent from 564.3 billion yen a year earlier. The company forecast operating profit of 830 billion yen for the year ending August 2027, exceeding its own 730 billion yen target and the average analyst estimate of 726.45 billion yen.
Fast Retailing operates more than 2,500 Uniqlo stores worldwide, with nearly 900 of them in China, its largest foreign market.
A weak yen raised import costs in Japan, pressuring fourth‑quarter results and prompting the company to consider price increases there.
Fast Retailing plans to double the number of its flagship‑store format in Japan to 20 over the next decade to counter online competition and revive foot traffic.
The Uniqlo operator has beaten quarterly expectations throughout the year and repeatedly raised its profit guidance. Fast Retailing traces its origins to a single Uniqlo store opened in Hiroshima in 1984 and has since expanded to over 2,500 stores worldwide.
What we know
Operating profit rose about 32 percent to 743.13 billion yen for the year ended August 31, up from 564.3 billion yen in the prior period.
Fast Retailing forecast operating profit of 830 billion yen for the year ending August 2027.
The group operates more than 2,500 Uniqlo locations globally.
Fast Retailing has nearly 900 Uniqlo shops in China, its biggest foreign market.
Fast Retailing plans to double the number of flagship stores in Japan to 20 in the next decade.