Fast Retailing (9983) Q4 2025 earnings summary

Executive summary

• Achieved a fourth consecutive year of record annual performance, with revenue up 9.6% to ¥3.4005 trillion and profit attributable to owners up 16.4% to ¥433.0 billion in FY2025.

• Growth was driven by strong global demand for LifeWear, robust performances in UNIQLO Japan and International, and active investment in new stores and automation.

• UNIQLO Japan, North America, Europe, South Korea, Southeast Asia, India, and Australia delivered strong revenue and profit growth.

• UNIQLO Mainland China and GU saw profit declines, but structural reforms are progressing as planned.

• Finance income net of costs reached ¥86.3 billion, including ¥52.4 billion in interest income and ¥33.8 billion in FX gains.

Financial highlights

• FY2025 revenue rose 9.6% year-over-year to ¥3.4005 trillion; business profit up 13.6% to ¥551.1 billion.

• Operating profit increased 12.6% to ¥564.3 billion; profit before income taxes rose 16.8% to ¥650.6 billion.

• Basic earnings per share grew to ¥1,411.44; equity per share attributable to owners rose to ¥7,408.65.

• Cash and cash equivalents decreased by ¥300.3 billion, mainly due to investments and capital expenditures, ending at ¥893.2 billion.

• Dividend per share increased to ¥500, with a payout ratio of 35.4%.

Outlook and guidance

• FY2026 revenue estimated at ¥3.75 trillion (+10.3%), business profit at ¥610.0 billion (+10.7%), and operating profit at ¥610 billion (+8.1%).

• Profit attributable to owners of the parent forecast at ¥435.0 billion (+0.5%).

• Dividend expected to rise to ¥520 per share in FY2026.

• Store count projected to reach 3,594 by August 2026, with continued global expansion.

• UNIQLO International, especially Greater China, North America, and Europe, expected to drive growth.