In the first quarter of the current fiscal year, which ended in November 2024, Fast Retailing reported a consolidated revenue of 895.1 billion yen (5.53 billion euros), up by 10.4% on a comparable basis to the same period of last fiscal year. Its business profit increased by 11.0% year-over-year to 156.9 billion yen (970.4 million euros), while operating profit increased to a lesser extent (7.4%) to 157.5 billion yen (974.1 billion euros) due to currency effects.

Uniqlo, the company’s main segment, performed well both domestically and internationally in the first quarter of the fiscal year.

In Japan, Uniqlo’s revenue rose by 9.0% year-on-year to 266.6 billion yen (1.65 billion euros), boosted by the cold weather which increased demand for thermal clothing, and operating profit increased 12.1% to 52.1 billion yen (322.2 million euros).  

Internationally, Uniqlo’s revenue rose by 13.7% year-on-year to 501.7 billion yen (3.10 billion euros) and operating profit rose 7.4% year-on-year to 83.5 billion yen (516.4 million euros). Despite the decline in mainland China, Southeast Asia, India & Australia, North America and Europe performed “strongly”. In North America and Europe, the brand continues to pursue its expansion strategy.

In contrast, the performance of the GU and Global Brands segments was mixed. While GU’s revenue increased by 3.1% to 90.6 billion yen (560.3 million euros) in the first quarter, operating income decreased by 20.2% to 9.8 billion yen (60.6 million euros), on a comparable basis to the first quarter of the previous fiscal year. Meanwhile, Global Brand’s revenue decreased by 2.4% to 35.7 billion yen (220.9 million euros) and operating income increased by 373.3% to 1.8 billion yen (11.1 million euros).

Fiscal 2025 Outlook

On a comparable basis to fiscal 2024, the company expects to achieve full year revenue of 3.4 trillion yen (21.03 billion euros), up by 9.5%; full year consolidated operating profit of 530.0 billion yen (3.27 billion euros), up by 5.8%; and full year profit attributable to the owners of 385.0 billion yen (2.34 billion euros), up by 3.5%.

1 YEN = 0.0062 EUR