Fast Retailing (9983) Q4 2025 earnings summary

Executive summary

• Achieved a fourth consecutive year of record annual performance, with FY2025 revenue reaching ¥3.4005 trillion (+9.6% YoY) and business profit at ¥551.1 billion (+13.6% YoY).

• Profit attributable to owners of the parent rose 16.4% to ¥433.0 billion; profit before income taxes reached ¥650.5 billion (+16.8% YoY).

• Strong global demand for LifeWear and successful international expansion, especially in North America and Europe, drove growth.

• Significant investments in new stores, automation, and sustainability initiatives continued.

• UNIQLO Mainland China and GU saw profit declines, but structural reforms are progressing as planned.

Financial highlights

• FY2025 revenue rose 9.6% year-over-year to ¥3.4005 trillion; business profit up 13.6% to ¥551.1 billion; operating profit increased 12.6% to ¥564.2 billion.

• Profit before income taxes: ¥650.574 billion (+16.8% YoY); profit attributable to owners: ¥433.009 billion (+16.4% YoY).

• Basic EPS: ¥1,411.44 (vs. ¥1,212.88 prior year); equity per share: ¥7,408.65 (vs. ¥6,574.11 prior year).

• Total assets: ¥3,859,353 million; total equity: ¥2,327,501 million; equity ratio: 58.9%.

• Cash and cash equivalents decreased by ¥300.3 billion, mainly due to investments and capital expenditures.

Outlook and guidance

• FY2026 revenue estimated at ¥3.75 trillion (+10.3%), business profit at ¥610.0 billion (+10.7%), operating profit at ¥610.0 billion (+8.1%), profit before tax at ¥660.0 billion (+1.4%), and profit attributable to owners at ¥435.0 billion (+0.5%).

• Dividend expected to rise to ¥520 per share in FY2026.

• Store network expected to reach 3,594 stores by August 2026.

• UNIQLO International, especially Greater China, North America, and Europe, expected to drive growth.