The Japanese trading group Fast Retailing Co. Ltd. is on record course after the first nine months of the 2024/25 financial year. In view of the persistently positive development, the parent company of the Uniqlo clothing chain confirmed its forecasts for the overall year on Thursday.
In the period from September 1, 2024 to May 31, 2025, the group sales were almost 2.62 trillion Japanese yen (15.2 billion euros). This corresponded to an increase of 10.6 percent compared to the same period last year.
Despite losses in China: the turnover of Uniqlo is growing in double digits
The revenues of Uniqlo in the Japanese home market therefore increased by 11.0 percent to 801.4 billion Japanese yen. The Uniqlo International segment achieved an increase of 12.7 percent to 1.46 trillion Japanese yen. Losses in mainland china could be more than made up for by strong growth in the other foreign markets. According to the company, for example, business in North America and Europe developed.
The turnover of the Group brand achieved a height of 256.2 billion Yen in the first three quarters. He thus exceeded the corresponding level of previous year by 4.0 percent. The other labels of the group of companies, including theory, Plst and Comptoir of the Cotonnier, came together for sales of 100.5 billion Japanese yen. This corresponded to a decline of 3.1 percent compared to the same period in the previous year.
The net profit increases by around eight percent
Although the gross margin decreased slightly, the group was able to increase its profit sharply. The operational result was 450.9 billion of Japanese yen in the first nine months and thus by 12.2 percent above the corresponding level of the previous year. The net profit due to the shareholder rose by 8.4 percent to 339.1 billion Japanese yen (1.98 billion euros).
The available figures did not give management any reason to change the existing forecasts for the entire financial year. For 2024/25, the group continues to expect sales growth by 9.5 percent to 3.40 trillion Japanese yen. The operational result is expected to increase by 8.8 percent to 545.0 million Japanese yen, with the net profit attributable to the shareholders, an increase of 10.2 percent is expected to 410.0 billion Yen.