Uniqlo owner lifts net profit target by 3.5% by August 2025

Fast Retailing posts record net profit as domestic and overseas sales grow

20241010 Uniqlo

Uniqlo owner Fast Retailing expects net profit to reach 385 billion yen ($2.6 billion) for the year ending in August 2025 -- a record high for a fifth consecutive year. (Photo by Akira Kodaka)

AKANE OKUTSU and TAMAYO MUTO, Nikkei staff writers

TOKYO -- Uniqlo owner Fast Retailing announced on Thursday that it expects net profit to reach 385 billion yen ($2.6 billion) for the year ending August 2025 -- a record high for the fifth straight fiscal year as both domestic and overseas sales grew.

The company has forecasted that operating profit will come in at 530 billion yen next year, up 5.8%. It expects its sales to rise 9.5% to 3.4 trillion yen.

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