Fast Retailing (9983) investor relations material

Executive summary

• FY2026 delivered a fifth consecutive record: revenue rose 16.6% to ¥3,963.3bn and business profit rose 30.4% to ¥718.4bn, with UNIQLO growth across regions.

• FY2027 guidance targets revenue of ¥4,450.0bn and business profit of ¥830.0bn, alongside continued growth investment and a higher annual dividend.

Financial highlights

• Operating profit rose 31.7% to ¥743.1bn, profit before tax increased 23.4% to ¥802.5bn, and profit attributable to owners rose 25.3% to ¥542.5bn.

• Finance income net of costs was ¥59.3bn, including ¥52.2bn net interest income and ¥7.1bn in foreign-exchange gains.

• Total comprehensive income reached ¥878.7bn, including ¥294.6bn of other comprehensive income, chiefly from foreign-operation translation differences and cash flow hedges.

Outlook and guidance

• FY2027 forecasts: revenue ¥4,450.0bn (+12.3%), business profit ¥830.0bn (+15.5%), operating profit ¥830.0bn (+11.7%), and profit attributable to owners ¥560.0bn (+3.2%).

• Profit before tax is forecast at ¥880.0bn (+9.7%); finance income net of costs is expected to decline 15.8% to ¥50.0bn, with no FX gain assumed at ¥160/$1.

• UNIQLO Japan expects ~2% same-store sales growth and flat business profit; UNIQLO International expects double-digit revenue and profit growth, while GU forecasts gains with a lower business-profit margin.

• FY2027 annual dividend is estimated at ¥900 per share, versus the revised FY2026 estimate of ¥850; payout ratio target is ~50%.

• Planned August 2027 store count is 3,545: 1,752 UNIQLO International, 782 UNIQLO Japan, 490 GU, and 521 Global Brands stores.