Home / Knowledge / News / Retail / Japanese firm Fast Retailing's Q3 FY21 revenue grows 9.9% to ¥1,698 bn

Japanese firm Fast Retailing's Q3 FY21 revenue grows 9.9% to ¥1,698 bn

Jul '21
Pic: Fast Retailing/ Uniqlo
Pic: Fast Retailing/ Uniqlo
Fast Retailing, a Japanese manufacturer and retailer, reported 9.9 per cent revenue growth to ¥1,698.0 billion (Japanese Yen) in its third quarter (Q3) YoY FY21 ended on May 31, 2021, compared to the revenue of ¥1,544.9 billion in the corresponding period of prior fiscal. Profit for the period rose to ¥156.9 billion (Q3 FY20: ¥91.5 billion).
“The group’s medium-term vision is to become the world’s number one apparel retailer. In pursuit of this aim, we focus our efforts on expanding Uniqlo International, as well as our GU brand and our global e-commerce operation,” the Japanese retailer said in a statement.
The company’s gross profit for Q3 FY21 increased to ¥858.8 billion (¥751.3 billion), while operating profit jumped to ¥227.9 billion (¥132.4 billion).
Revenue from Uniqlo Japan's expanded 12.7 per cent to ¥675.1 billion (¥598.8 billion). From March to May 2021, the segment’s revenue increased considerably on the back of strong sales of Uniqlo U T-shirts, Kando pants and other Summer ranges along with loungewear, ultra-stretch active pants, and other items, as company stated.
Uniqlo International’s revenue surged 9.8 per cent to ¥739.6 billion (¥673.5 billion) with continued growth in Greater China (¥431.5 billion). Moreover, Uniqlo South Asia, Southeast Asia and Oceania (Southeast Asia, Australia, and India) reported increase in revenue to ¥165.2 billion, whereas Uniqlo North America and Europe reported large revenue gains and smaller operating losses as the Covid situation improved in those regions.
With rise in sales of chef’s pants, airy shirts, and coloured flared slacks, GU business during Q3 FY21 increased 7.1 per cent to ¥200.8 billion (¥187.5 billion). However Global Brands segment which experienced significant drop due to Covid in the first half, reported 3.3 per cent dip in revenue to ¥80.5 billion (¥83.3 billion).
“We continue to open multiple new Uniqlo stores in all markets and areas in which we operate and strive to instill deeper and more widespread empathy for Uniqlo’s LifeWear concept of ultimate everyday wear. Within the Uniqlo International segment, China and Southeast Asia regions are continuing to serve as the key pillars of our group's business and growth,” the company further added.

Fibre2Fashion News Desk (JL)

Must ReadView All

Pic: Shutterstock

Textiles | On 18th Jan 2022

Philippine garment-textile industry seeks govt support to protect jobs

The Clothing and Textile Industry Tripartite Council (CTITC) in the...

Pic: Shutterstock

Retail | On 18th Jan 2022

US retailers see omicron denting sales, investors see short-term hit

At a recent conference, as US retail executives observed the omicron...

Pic: Shutterstock

Textiles | On 17th Jan 2022

China’s GDP increases by 8.1% in 2021

The GDP of China was 114,367 billion yuan in 2021, an increase of 8.1 ...

Interviews View All

Gaurav Davda, Jindal Worldwide Ltd

Gaurav Davda
Jindal Worldwide Ltd

Indian MMF sector to become globally competitive

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Cannot see the world breaking away from cotton & polyester

Vandana Narang, National Institute of Fashion Technology

Vandana Narang
National Institute of Fashion Technology

Campus placements are low due to lockdowns

T Rajkumar,

T Rajkumar

<div>Confederation of Indian Textile Industry (CITI) being one of the...

Akram Tariq Khan,

Akram Tariq Khan

E-commerce brand YourLibaas meaning "garment or attire" in Udru, was...

David Guiho,

David Guiho

Headquartered in Apt, South of France, Delta Plus designs, manufactures...

Jacques Prigneaux, EDANA

Jacques Prigneaux

EDANA has been the leading global association and voice of the nonwovens...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Hemant Bheda, Arevo

Hemant Bheda

Arevo, based in Silicon Valley in California, develops technology to...

Abhishek Agarwal, Purple Style Labs

Abhishek Agarwal
Purple Style Labs

Late Indian fashion designer Wendell Rodricks, is known for his...

Ritu Kumar, Label - Ritu Kumar

Ritu Kumar
Label - Ritu Kumar

<b>Ritu Kumar</b> is the most respected designerwear brand in India...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments


Tory Burch Hong Kong Ltd
Sainsbury's Argos Asia Limited
Chico’ FAS
Vianney Textil Hogar S.A. De C.V.
KAS Direct Sourcing
Seasalt Limited
The Top Form Brassiere Manufacturing Company Limited
Page Industries Limited (Bangalore)
John Varvatos
Gokaldas Exports Limited
Brandix Lanka Limited
Under Armour Global Sourcing Ltd

January 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search