Fast Retailing reported record annual net profit, driven by strong earnings across regions, and projected further profit growth this fiscal year. The parent company of Uniqlo saw its net profit surge to ¥1.1 trillion ($7.2 billion), up from ¥930 billion the previous year. Sales climbed 12% to ¥2.9 trillion, fueled by robust demand in Japan, China, and Southeast Asia.
The company credited its premium lines, including Uniqlo U and UT, for boosting margins. Executives noted that inflationary pressures and supply chain adjustments had been managed effectively. Looking ahead, Fast Retailing aims to expand its overseas footprint, targeting 30% of total revenue from international markets by 2027.
The firm also plans to open 100 new stores globally in the coming year. Shares in Tokyo rose 4.3% following the announcement, reflecting investor confidence. The company remains focused on innovation, sustainability, and digital integration to sustain momentum.
Source: Wall Street Journal US Business · Summarized by HeadlinesBriefing