Fast Retailing (TSE: 9983), the operator of the UNIQLO and GU apparel chains, reported results for the first nine months of the fiscal year ending August 2026 — the period from September 1, 2025 to May 31, 2026. Revenue rose 17.1% to ¥3,065,182m, operating profit jumped 36.2% to a record ¥614,389m, pre-tax profit rose 26.5% to ¥658,237m and profit attributable to owners of the parent climbed 25.6% to ¥426,077m. Basic earnings per share were ¥1,388.62, up from ¥1,105.36 a year earlier.
UNIQLO drives record revenue and profit
Growth was led by UNIQLO International, where overseas operations were notably strong, together with a solid performance at UNIQLO Japan. Business profit — revenue minus cost of sales and selling, general and administrative expenses — rose 33.6% to ¥592,714m. A weaker yen also lifted the value of the group's overseas results when translated back into yen. Operating profit reached an all-time high of ¥614,389m, up 36.2%, extending the run of records for the world's third-largest apparel retailer.
Profit and comprehensive income
Pre-tax profit rose 26.5% to ¥658,237m and profit for the period rose 27.9% to ¥459,929m; profit attributable to owners of the parent climbed 25.6% to ¥426,077m. Comprehensive income more than doubled, jumping 120.3% to ¥737,235m, boosted by large foreign-currency translation gains on the group's overseas assets. Diluted earnings per share were ¥1,386.73.
Balance sheet and dividend
Total assets stood at ¥4,432,387m as of May 31, 2026, up from ¥3,859,353m at the previous year-end. Total equity rose to ¥2,809,459m, of which equity attributable to owners of the parent was ¥2,728,441m, lifting the owners'-equity ratio to 61.6% from 58.9%. Net assets per share were ¥8,891.75. The company plans a full-year dividend of ¥640.00 (¥320.00 interim, already paid, plus a ¥320.00 year-end payout), up from ¥500.00 in the prior year.
Full-year guidance raised
Fast Retailing revised its full-year forecast for the fiscal year ending August 2026 upward. It now guides revenue of ¥3,970,000m (+16.7%), business profit of ¥710,000m (+28.8%), operating profit of ¥730,000m (+29.4%), pre-tax profit of ¥780,000m (+19.9%) and profit attributable to owners of ¥500,000m (+15.5%), for full-year EPS of ¥1,629.54. The nine-month result already represents about 77% of the raised full-year revenue target and 84% of the operating-profit target.
| Metric | 9M FY8/26 | 9M FY8/25 | YoY |
|---|---|---|---|
| Revenue (¥m) | 3,065,182 | 2,616,708 | +17.1% |
| Business profit (¥m) | 592,714 | 443,546 | +33.6% |
| Operating profit (¥m) | 614,389 | 450,952 | +36.2% |
| Pre-tax profit (¥m) | 658,237 | 520,506 | +26.5% |
| Profit attrib. to owners (¥m) | 426,077 | 339,099 | +25.6% |
| Basic EPS (¥) | 1,388.62 | 1,105.36 | +25.6% |
| Equity ratio | 61.6% | 58.9% | +2.7pp |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.