The revenues of Fast Retailing brand Uniqlo International grew 13.7 per cent Y-o-Y to ¥841.2 billion while the operating profit of the brand grew by 35.8 per cent Y-o-Y to ¥132.7 billion during the first nine months of FY23. The depreciation of the Japanese yen boosted sales and operating profit in yen terms. However, growth in local currency terms was boosted by a significant increase in revenues and profits from the South Asia, Southeast Asia and Oceania region and the North America and Europe (excluding Russia) regions. Revenues and profits from the Greater China region declined owing to the restrictions on general movement put in place to address the spread of COVID-19 infections.

Uniqlo’s parent company, Fast Retail Group’s revenues and profit rose to ¥1.7651 trillion and  ¥271.0 billion during the first nine months of the current financial year. The company also recorded finance income net of costs of ¥78.1 billion due to the recording of a ¥77.8 billion foreign-exchange gain on foreign-currency denominated assets and other items. As a result, profit before income taxes rose by 42,2 per cent Y-o-Y to ¥349.2 billion yen.

Fast Retailing is advancing its LifeWear concept in everyday clothing. The entire Fast Retailing Group will accelerate its transition to a new business model based on the LifeWear concept. It will focus on the six principles of creating new value through products and services; respecting human rights in its supply chain; respecting the environment; strengthening communities; supporting employee fulfillment and implementing good corporate governance.