Fast Retailing (9983) Q3 2026 earnings summary

Executive summary

• Achieved significant revenue and profit gains in 3Q FY2026, outperforming forecasts, with strong contributions from UNIQLO Japan and International segments.

• All major segments, especially UNIQLO International, contributed to growth, supported by new store openings in Europe and the US and improved gross and SG&A ratios.

• GU segment saw revenue growth and a sharp profit increase, driven by trend-driven product development and operational reforms.

Financial highlights

• Group revenue for the nine months to May 2026 rose 17.1% year-over-year to ¥3,065.2bn; 3Q revenue up 22.2% to ¥1,009.9bn.

• Operating profit for the nine months increased 36.2% year-over-year to ¥614.4bn; 3Q operating profit up 45.7% to ¥213.7bn.

• Profit attributable to owners of the parent rose 25.6% year-over-year to ¥426.1bn for the nine months; 3Q profit up 39.1% to ¥146.7bn.

• Gross profit margin improved to 54.9% in 3Q (up 1.7p year-over-year); SG&A ratio decreased to 35.6% for the nine months (down 1.3p year-over-year).

• Finance income net of costs totaled ¥43.8bn, mainly from net interest income and FX gains.

Outlook and guidance

• FY2026 revenue estimate revised upward to ¥3,970.0bn (+16.7% year-over-year); business profit forecast raised to ¥710.0bn (+28.8%).

• Profit attributable to owners of the parent projected at ¥500.0bn (+15.5%); basic EPS forecast raised to ¥1,629.54.

• Dividend per share forecast increased to ¥640.00 for the year ending August 2026.

• UNIQLO International expects double-digit revenue and profit growth in 2H and full year, with strong trends in all major regions.

• UNIQLO Japan anticipates higher full-year revenue and profit, though 4Q is expected to see a dip due to tough comparisons and higher costs.