Eigen RadarEconomics
Archive
Analysis

Fast Retailing revenue rises as overseas UNIQLO grows

Fast Retailing’s annual revenue rose 16.6% to 3.9633 trillion yen in the year ended August 31. UNIQLO International business profit grew 44.1%, while combined sales in North America and Europe overtook Greater China for the first time. The group’s fifth consecutive record year brings a higher proposed dividend and a company forecast of further revenue growth.

Economics & Markets··Morning
A bright clothing store with garment racks and folded products

Fast Retailing reports another year of growth

Fast Retailing, the Japanese clothing group behind UNIQLO, reported its fifth consecutive year of record revenue and profit. Revenue for the fiscal year ending August 31 rose 16.6% to 3.9633 trillion yen. International UNIQLO operations expanded during the year.[1], [2]

Business profit increased 30.4% to 718.4 billion yen, while profit attributable to parent shareholders rose 25.3% to 542.5 billion yen. Management proposed a year-end dividend of 530 yen per share, following an interim payment of 320 yen. The annual total would be 850 yen, an increase of 350 yen.[1]

North America and Europe overtake Greater China

UNIQLO International revenue grew 26.2% to 2.4111 trillion yen and business profit rose 44.1% to 439.8 billion yen. Sales of 364.9 billion yen in North America and 512.6 billion yen in Europe together exceeded Greater China’s 724 billion yen for the first time. North American business profit grew 53.3%; Europe’s increased 69%.[1]

Japan grows while procurement expenses rise

UNIQLO Japan revenue rose 5.7% to 1.0848 trillion yen, with same-store sales up 5.1%. Weaker yen rates on forward exchange contracts increased procurement expenses, particularly in the first half. For the new fiscal year, management forecasts group revenue of 4.45 trillion yen and business profit of 830 billion yen.[1]

References

  1. News sourceFast RetailingFast Retailing annual revenue reaches ¥3.96 trillion↩1↩2↩3↩4
  2. News sourceReuters (MarketScreener)Fast Retailing posts fifth consecutive record annual results↩
Russia-Ukraine warCentral banks and the rate cycleEnergy transition and climate

More analysis from this desk

View all Brief analyses from the Economics & Markets desk →