Uniqlo Owner Projects Higher Annual Profit Despite U.S. Tariff Impact
By Kosaku Narioka
Fast Retailing reported higher annual earnings and expects profit to rise for the new fiscal year despite the impact of U.S. tariffs.
The Japanese owner of Uniqlo and other clothing brands said Thursday that net profit rose 16% to 433.01 billion yen, equivalent to $2.84 billion, for the year ended August. That beat the estimate of Y410.9 billion in a poll of analysts by data provider Visible Alpha.
Full-year revenue grew 9.6% to Y3.401 trillion.
For the current fiscal year, which began in September, it projected revenue to increase 10% to Y3.750 trillion and net profit to rise 0.5% to Y435.00 billion.
The company said it plans to strengthen its branding, cut costs and revise prices for some products to offset the impact of U.S. tariffs.
The U.S. market has become increasingly important for the retailer as it chases growth outside Japan and China.
Uniqlo clothes are mostly made in countries such as China, Vietnam, Bangladesh, Indonesia and India.
Write to Kosaku Narioka at kosaku.narioka@wsj.com
(END) Dow Jones Newswires
October 09, 2025 03:28 ET (07:28 GMT)
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