Fast Retailing posted a 31% rise in operating profit to JPY743bn for the year, and the Japan-based group now guides to consolidated revenue of JPY4.45trn (+12.3%) and business profit of JPY830bn (+15.5%) for FY2027.

Gross profit climbed 15.1%, while profit before income tax rose 23% to JPY802.5bn. The results extend the momentum seen in Q3 FY2026, when Uniqlo's operations worldwide drove revenue and profit growth.

Where did the growth come from?

Uniqlo Japan, Uniqlo International and GU all grew sales year on year. Uniqlo Japan delivered the standout numbers: revenue of JPY1trn, up 5.7%, with business profit up 8.1% to JPY196bn.

Internationally, Uniqlo grew across every region in local-currency terms:

• South Korea, Southeast Asia, India & Australia, North America and Europe: double-digit revenue and profit gains
• Greater China: revenue up, with double-digit year-on-year profit growth

Management tied the Japanese performance to store strategy rather than price. "The opening of high-quality stores that effectively convey the value of LifeWear, and strategically enhancing coordination of products, store displays, and customer communication helped increase support for the Uniqlo brand," the company said.

Which units dragged?

Not every division performed. Global Brands revenue fell 2.3% to JPY123.5bn, pulled down by Theory, which the group placed in a "global structural reform transitional period."

GU struggled in the fourth quarter as it switched to a new collection from Fall Winter 2026. The brand faced "lingering issues with satisfying ongoing demand for Summer items and balancing product lineup," according to Fast Retailing. The corrective actions — tightening product numbers, focusing on strong-selling items and sharpening sales planning precision — point to merchandising discipline rather than markdown-led fixes.

Within Global Brands, PLST grew both revenue and profit. Comptoir des Cotonniers/Princesse tam.tam posted lower full-year revenue and a slight contraction in business losses in local currency terms, while operating losses narrowed significantly against the prior year, which had carried an impairment charge.

What does the FY27 guidance assume?

The company's forecast — JPY4.45trn in revenue, JPY830bn in business profit and JPY880bn in profit before income tax — implies continued double-digit expansion on top of an already strong base, with Uniqlo International carrying the growth case and Theory's restructuring the main variable to watch.