Uniqlo’s parent company Fast Retailing has reported rising sales and profits during the first half and upped its full-year guidance as it gears up for yet another “record” year of trading.
For the six months to February 2025, Fast Retailing reported a 12% increase in revenue to reach ¥1.79trn (£9.58bn).
Operating profit at the global fashion giant also soared 18.3% to hit ¥304.2bn (£1.63bn).
Uniqlo’s owner hailed “strong performances” across the brand in Japan, Europe, North America and the Asia-Pacific during the period.
Uniqlo sales in Japan rose 11.6% thanks to a strategic roll-out of products and marketing tailored to the changing weather in the region.
In China, revenue and profit suffered during the first half as a result of the declining consumer sentiment and appetite for apparel. Fast Retailing also said the Chinese market suffered as a result of the “lack of appropriate product mix” in each individual region as well as “sharp differences” in regional temperatures.
Sales across Fast Retailing’s Uniqlo Japan, Uniqlo international and Gu brands were all up during the first half, however revenue across its other global brands, including the likes of Theory and PLST, dipped.
Fast Retailing has lifted its full-year profit guidance and now expects to deliver a “record” performance.
Consolidated operating profit is expected to rise by 8.8% to reach ¥545bn (£2.91bn), while consolidated revenue is on track to rise by 9.5% to ¥3.4trn (£18bn).
Fast Retailing also said it expects its Uniqlo business in the US will be “affected” by the tariffs announced by the US government, however it did not specify details.
Fast Retailing said in a statement: “Looking at the future outlook for individual business segments in fiscal 2025, we expect UNIQLO International will generate a large increase in revenue and a single-digit year-on-year increase in operating profit in both the second half and the full business year.
“This is due to the fact that, while we recorded one-off gains such as the reversal of previously accounted impairment losses in fiscal 2024, we do not anticipate any such gains in fiscal 2025, and we have factored in the assumption that the UNIQLO business in the US will be affected by the tariffs announced by the US government.”
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