Japan's Fast retailing posts record $17.8 bn revenue in 9M FY25

The gross profit of the company stood at ¥1.4085 trillion, up 10.1 per cent, while SG&A expenses rose 8.9 per cent to ¥964.9 billion. Business profit grew by 12.8 per cent to ¥443.5 billion (~$3.0158 billion).

Uniqlo Japan reported revenue of ¥801.4 billion for the nine-month period, an 11 per cent increase, while operating profit expanded 17.8 per cent to ¥150.6 billion.

Uniqlo International posted nine-month revenue of ¥1.4571 trillion, up 12.7 per cent, and operating profit of ¥240.6 billion, up 8.4 per cent. The segment recorded strong growth in South Korea, Southeast Asia, India, Australia, North America, and Europe. Revenue and profit declined in Mainland China due to weak consumer sentiment and cool weather, Fast Retailing said in a press release.

The GU business segment reported nine-month revenue of ¥256.2 billion, an increase of 4 per cent, but operating profit declined 10.7 per cent to ¥26.3 billion. The profit decline was attributed to limited volumes and insufficient marketing for potential growth products, alongside increased costs.

Global Brands posted revenue of ¥100.5 billion, down 3.1 per cent and returned to profitability with an operating profit of ¥2.8 billion.

The company has maintained its full-year forecast for FY25, projecting consolidated revenue of ¥3.4000 trillion, a rise of 9.5 per cent, operating profit of ¥545 billion, up 8.8 per cent, and profit attributable to owners of the parent of ¥410 billion, again up by 10.2 per cent.

The company expects continued growth in Uniqlo operations outside China, especially in South Korea, Southeast Asia, India, Australia, North America, and Europe. Uniqlo Japan is also forecast to post higher revenue and profit for the full year.

GU is projected to record revenue growth but a decline in profit, while Global Brands is expected to post a slight operating loss due to impairment charges related to business restructuring.

ALCHEMPro News Desk (SG)