Recently, Uniqlo parent company Fast Retailing Co., Ltd. announced the first quarter of fiscal year 2025 (September-November 2024) results.
Results show that in the first quarter, Fast Retailing Group achieved 895.192 billion yen (about 41.521 billion yuan), an increase of 10.4% compared with the same period last year; The profit attributable to the owner of the parent company was 131.963 billion yen (about 6.121 billion yuan), an increase of 22.4% compared with the same period last year.
Fast Retailing Group believes that the increase was mainly due to the strong sales performance of UniQlo business segment in Japan, as well as the steady expansion of UniQLO business in Southeast Asia, India and Australia, and North America and Europe.
In the Uniqlo business segment in Japan, the total revenue for the first quarter of the fiscal year 2025 was 266.6 billion yen (about 12.4 billion yuan), an increase of 9.0%, and the total operating profit was 52.1 billion yen (about 2.4 billion yuan), an increase of 12.1%, and a significant increase in revenue growth and operating profit was recorded. Net same-store sales, which include online stores, were up 7.3% year-over-year, driven by strong sales in September and November.
In the overseas Uniqlo business segment, the total revenue in the first quarter of fiscal 2025 was 501.7 billion yen (about 23.3 billion yuan), a significant increase of 13.7%; Operating profit totaled 83.5 billion yen (about 3.9 billion yuan), an increase of 7.4 percent year-on-year. Among them, Southeast Asia, India and Australia, as well as North America and Europe recorded significant growth in earnings and operating profit, and the performance continued to improve.
Previously, Uniqlo management said in the financial year 2024 earnings call that although the growth rate of Greater China has slowed recently, it is only a node in the growth of the enterprise, and the market still has great potential and will not be affected by short-term performance fluctuations.
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