Japanese retail giant Fast Retailing saw both earnings and sales rise in its last fiscal year, boosted by a strong result from the company’s Uniqlo operations.

Revenues in the year ended August 2018 reached JPY2.13trn (US$19bn), representing growth of 14.4% year-on-year. The result was boosted by “significant” profit contributions from the Uniqlo brand both at home and abroad.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Net profit, meanwhile, amounted to JPY154.8m, representing an increase of 29.8% on the prior year period.

At home, Uniqlo revenue rose 6.7% to JPY864.7bn, while operating profit grew 24.1% to JPY119bn. Full-year same-store sales rose 6.2% thanks to consistent growth in both the first and second half. The former was extremely strong at 8.4%, thanks to strong sales of cold-weather clothing.

Gross profit margin improved on strong overall segment performance, while business expense ratios also improved.

See Also:

International revenues, meanwhile, were up 26.6% to JPY896.3bn, surpassing domestic sales for the first time this fiscal year. Operating profit jumped 62.6% to JPY118.8bn, thanks to considerable gains in all regions.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Global brands saw earnings climb 9.5% to JPY154.4bn, while business profit – a good measure of fundamental profitability – totalled JPY6.2bn, representing year-on-year growth of 49.2%, supported largely by profit gains at Theory.

However, the segment reported an operating loss of JPY4.1bn after recording impairment losses of JPY9.9bn on Comptoir des Cotonniers and other labels.

For fiscal 2019, the company is expecting another record overall performance, stemming from revenue and profit gains at all four business segments. Consolidated revenue growth of 8% is forecast to JPY2.3trn, and profit attributable to owners of the parent at JPY165bn, representing growth of 6.6%.