Uniqlo Owner Raises Guidance After Strong Quarterly Profit

By Kosaku Narioka

Fast Retailing raised its annual earnings forecasts after reporting sharply higher quarterly profit on stronger sales across various regions.

The Japanese owner of Uniqlo said Thursday that net profit rose 39% from a year earlier to 146.7 billion yen, equivalent to $902.1 million, for the three months ended May. That beat the estimate of Y118.9 billion in a poll of analysts by data provider Visible Alpha.

Third-quarter revenue grew 22% to Y1.01 trillion.

For the fiscal year ending August, the company now expects revenue to increase 17% to Y3.970 trillion and net profit to climb 15% to Y500.00 billion. It previously projected revenue of Y3.900 trillion and net profit of Y480.00 billion.

The retailer has been adding more Uniqlo stores in the U.S., Europe and Southeast Asia in recent quarters while reducing the number of stores in China.

The U.S. and Europe have become increasingly important regions for Fast Retailing as it chases growth outside Japan and China, its biggest markets, as part of its diversification efforts.

Fast Retailing has said it aims to grow revenue from North America and Europe to 1 trillion yen each in about five years.

Write to Kosaku Narioka at kosaku.narioka@wsj.com

(END) Dow Jones Newswires

July 09, 2026 03:13 ET (07:13 GMT)