Tiger Brokers

Fast Retailing (FAST RETAIL-DRS) Delivers Fifth Consecutive Record Year: FY 2026 Revenue Expands 16.6 % to ¥3.96 trillion, Dividend Raised 70 %

Bulletin Express
Yesterday

Fast Retailing Co., Ltd. (FAST RETAIL-DRS; 06288) reported its FY 2026 results (year ended 31 Aug 2026), posting another set of record highs across all key metrics.

Revenue rose 16.6 % year on year to ¥3,963.39 billion, while business profit surged 30.4 % to ¥718.50 billion. Operating profit climbed 31.7 % to ¥743.13 billion, and profit attributable to owners of the parent increased 25.3 % to ¥542.52 billion. Basic EPS advanced 25.3 % to ¥1,768.08.

Margin expansion was evident: the operating‐profit-to-revenue ratio improved to 18.7 % from 16.6 %, and return on equity edged up to 21.2 %.

By segment, UNIQLO International remained the primary growth engine, with revenue up 26.2 % to ¥2,411.14 billion and business profit up 44.1 % to ¥439.80 billion. North America and Europe combined surpassed the Greater China region in sales for the first time. UNIQLO Japan generated revenue of ¥1,084.84 billion (+5.7 %) and business profit of ¥196.00 billion (+8.1 %). GU delivered modest top-line growth of 1.8 % to ¥336.72 billion but lifted business profit 11.0 % to ¥31.50 billion. Global Brands revenue slipped 2.3 % to ¥128.56 billion, though business profit improved to ¥2.80 billion.

Operating cash flow strengthened to ¥788.59 billion (FY 2025: ¥580.62 billion), helping lift cash and equivalents to ¥1,007.59 billion at year-end. Capital expenditure totalled ¥112.70 billion, primarily directed toward new stores and logistics automation.

The balance sheet closed with total assets of ¥4,549.46 billion (+17.9 %), equity of ¥2,912.15 billion, and an equity ratio of 62.6 %.

Shareholders will receive a full-year dividend of ¥850 per share (FY 2025: ¥500), representing a consolidated payout ratio of 48.1 %. Management projects FY 2027 revenue of ¥4,450.00 billion (+12.3 %), operating profit of ¥830.00 billion (+11.7 %) and profit attributable to owners of ¥560.00 billion (+3.2 %), assuming USD/JPY 156.2.

Trading in the company’s Hong Kong depositary receipts is set to resume at 09:00 on 9 Oct 2026 after a temporary halt pending this announcement.

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