Fast Retailing has reported a remarkable performance for the first half of the fiscal year, with consolidated revenue reaching JPY1.79 trillion ($12.28 billion) and operating profit standing at JPY304.22 billion. This period marked an all-time high for the Uniqlo owner, fueled by impressive growth in multiple regions.
Uniqlo’s operations across Japan, Southeast Asia, India & Australia, North America, and Europe were key contributors to this surge, with substantial increases in both revenue and profits. The group also saw its consolidated gross profit margin improve to 53.3% in the first half of FY25, while the ratio of selling, general, and administrative expenses improved to 36.5%. Pre-tax profit surged to JPY363.72 billion, and net profit attributable to parent company owners grew by 19.2% year-on-year, reaching JPY233.57 billion. Diluted earnings per share for the period rose to JPY760.21, up from JPY637.68 in the previous year.
Uniqlo Japan saw a significant rise in both revenue and profit, with figures reaching JPY541.5 billion and JPY97.6 billion, respectively. These numbers represented increases of 11.6% and 26.4% from the same period last year. Uniqlo International also enjoyed considerable growth, surpassing JPY1 trillion in revenue and achieving an operating profit of JPY168.5 billion. The international segment benefitted from strong sales in Southeast Asia, India & Australia, North America, and Europe, which were bolstered by global demand for Uniqlo’s core products.
However, the financial performance of GU and the other Global Brands was more mixed. GU saw its revenue increase to JPY165.8 billion, but operating profit fell by 9.3%. Meanwhile, the Global Brands segment experienced a 2.3% drop in revenue but managed to turn around its previous operating loss, achieving a profit of JPY0.9 billion. Despite weaker sales from the Theory brand, all Global Brands operations showed improvements in gross profit margins and a reduction in selling, general, and administrative expenses.
In a notable development last November, Fast Retailing’s CEO, Tadashi Yanai, addressed concerns regarding the company’s sourcing of cotton. He clarified that Fast Retailing does not source cotton from Xinjiang, a statement made in response to concerns that Uniqlo could face backlash in China.
Related Topics
- Prada Group Seals €1.25 Billion Deal to Acquire Versace in Landmark Fashion Merger
- Ajita Italiya Wows the Audience with Shilpa Shetty-Inspired Look at Lakmé Fashion Week
- Justin Bieber Announces Separation from Drew House Clothing Brand: “Don’t Waste Ur Money”
