Fast Retailing’s revenue is ¥3 trillion. for the 1st time; Uniqlo improves parent company performance despite Chinese struggles

The major operator of the casual clothing chain Fast Retailing Co. has posted its highest-ever annual group revenue, exceeding ¥3 trillion for the first time, thanks to strong sales of its Uniqlo brand.

For the twelve months ended August, the company reported consolidated revenues of ¥3.104 trillion, up 12.2% from the previous year based on international financial reporting standards. Net profit also reached a record high of ¥371.9 billion, up 25.6% from a year earlier.

The Uniqlo business has significantly improved the company’s performance. Foreign revenues accounted for 55% of the brand’s total sales, as its simple, high-quality clothing has increased the brand’s popularity. In the United States, products developed at the request of customers also proved popular.

In Japan, sales of seasonal products were robust due to higher temperatures in spring and summer. Sales from foreign visitors to Japan also boosted profits.

At a press conference on Thursday, Daisuke Tsukagoshi, president of Uniqlo Co., said: “[The brand] has become profitable in every country and region, and globalization is progressing steadily.”

On the other hand, the company continues to struggle in the Chinese market, where more than 50% of overseas Uniqlo stores do business, as local consumption has slowed due to an economic downturn. In response, the company has accelerated efforts to reform its corporate structure, for example by revising its store opening strategy.

For the twelve months through August 2025, the company expects revenue to rise 9.5% year-on-year to ¥3.4 trillion and expects net profit to rise 3.5% to ¥385 billion , with sales expected to increase in Southeast Asia, Europe and North America. cheerful.

At the press conference, Tadashi Yanai, chairman and president of Fast Retailing, said: “The global market has potential.” He expressed his intention to prepare to achieve annual sales of ¥10 trillion.

Referring to the issue of his successor, Yanai stressed that he would not want his two sons, who are currently on the board of directors of Fast Retailing, to lead the company, even though they are responsible for corporate governance. “It is necessary to make it possible for an ordinary worker to eventually become president,” he said.