Fast Retailing Sets New High: Surpasses $22 Billion in 2024 with 16% Profit Boost

Fast Retailing achieves a new milestone. The Japanese company maintains its acceleration and closes the last fiscal year (concluded last August) with the fourth consecutive annual record. The company that owns Uniqlo closes its 2025 fiscal year with a turnover of 3.4 trillion yen ($22.2 billion), while its net income soars by 16.39%.

As reported today by the group chaired by Tadashi Yanai, in the last fiscal year the company has recorded a growth of 12.81%, advancing in its goal of becoming the world’s largest fashion retail chain. In 2024, the company exceeded 3 trillion yen in sales for the first time.

The group has increased its sales and also increased its profitability. In the last fiscal year, operating income amounted to 564.2 billion yen (3.69 billion), an increase of nearly 13% over the previous year. Net attributable profit rose by 16.39% to 433 billion yen ($2.83 billion).

Fast Retailing posted growth of 12.81% for the year as a whole

At year-end, gross margin posted a 0.6 percentage point improvement to 16.2%, after falling 1.3 points in the third quarter but improving by 1.2 points in the fourth quarter. “The fourth-quarter profit structure improved thanks to better business focus and precision inventory management at the end of the season,“ the company said.

For 2026, Fast Retailing has already anticipated another record fiscal year, with revenue forecast at 3.7 trillion yen ($24.2 billion) and growth of 10.3%. The company also anticipates a net attributable profit of 435 billion yen ($2.85 billion), up 0.5%.

Chains and markets

Uniqlo remains the company’s sales driver, with growth in both Japan and international markets. For FY2025 as a whole, Uniqlo’s sales in Japan exceeded 1 trillion yen for the first time and stood at 1.03 trillion yen ($6.74 billion), up 10.1% from FY2024. The chain’s operating profitability in Japan rose by 18.4%.

In international markets, meanwhile, Uniqlo posted revenues of 1.9 trillion yen ($12.4 billion), up 11.6% from a year earlier. Operating income rose by 9.1%. The company highlighted the good performance of the business in South Korea, Southeast Asia, India, Australia, North America and Europe, excluding only China from the positive evolution.

“Although Uniqlo’s annual profit in mainland China and the GU operation declined, structural reforms progressed as planned; substantial profits are expected to emerge in the medium term,“ the company said.

In contrast to Uniqlo, GU and the international brands division posted a weak performance

In contrast to Uniqlo’s strong performance, GU and the global brands division posted a weaker performance. Thus, the GU chain closed 2025 with growth of 3.6% to 330.7 billion yen ($2.16 billion) and a 12.6% drop in profit.

“Sales could not be maximized due to insufficient creation of successful products that would capture mass fashion trends and a shortage of big-selling items - Fast Retailing has explained -; the ratio of selling, general and administrative expenses increased due to increased personnel costs associated with wage increases and increased costs associated with the opening of the GU store in the United States, which led to a large contraction in annual profits”.

The global brands division, whose viability has been called into question over the past fiscal year, posted a 5.3% drop in revenues to 131.5 billion yen ($860 million). The segment closed the year in profit after halving Comptoir des Cotonniers’ losses.