Japan's Fast Retailing hits $6.086 bn in Q1 FY25, up 10.4% YoY

For UNIQLO Japan, the revenue reached ¥266.6 billion (~$1.812 billion), a rise of 9.0 per cent, and operating profit was ¥52.1 billion (+12.1 per cent). The same-store sales expanded 7.3 per cent YoY. The gross profit margin contracted by 0.2 pence on slightly higher discounting. SG&A ratio decreased 0.9 pence on improved personnel costs and store rent component ratios, Fast Retailing said in a press release.

For UNIQLO International, the revenue rose ¥501.7 billion (~$3.41 billion), an increase of 13.7 per cent, and operating profit was ¥83.5 billion (+7.4 per cent). Southeast Asia, India & Australia, North America, and Europe reported large revenue and profit gains and continue to perform strongly.

For GU, the revenue increased ¥90.6 billion (+3.1 per cent), and operating profit was ¥9.8 billion (−20.2 per cent).

The global brands segment reported a decline in revenue but an increase in profit in the first quarter of fiscal 2025, with revenue contracting to ¥35.7 billion (−2.4 per cent year-on-year) and operating profit expanding to ¥1.8 billion (+373.3 per cent year-on-year).

For full FY2025, Fast Retailing forecasts revenue of ¥3.4 trillion (~$23.12 billion), a rise of 9.5 per cent, and consolidated operating profit of ¥530.0 billion (+5.8 per cent). The company also forecast an annual dividend per share in FY2025 of ¥450, split equally between interim and year-end dividends of ¥225 each.

Fibre2Fashion News Desk (SG)