By
Bloomberg
Published
October 9, 2025
Fast Retailing Co., the Japanese parent company of Uniqlo, reported double-digit revenue and profit growth in North America during the current fiscal year, as its U.S. expansion defied tariff volatility sparked by President Donald Trump earlier this year.
The clothing retailer, known for its functional basics such as T-shirts, sweatpants and down jackets, saw North American revenue and business profit rise 24.5% and 35.1%, respectively, for the fiscal year ended August 2025, according to its earnings statement on Thursday.
That performance led strong international gains across Europe, Southeast Asia and South Korea, helping offset a continued slump in China — long Fast Retailing’s largest overseas market — where consumer demand has remained weak since the Covid-19 pandemic.
Boosted by its success abroad, Fast Retailing’s overall sales rose nearly 10%, while operating income climbed 13%, surpassing analyst expectations. The company issued an optimistic forecast for the next fiscal year, projecting ¥610 billion ($4 billion) in operating income and ¥3.75 trillion in sales — both above market consensus.
Fast Retailing founder and Chief Executive Officer Tadashi Yanai aims to reach annual sales of ¥10 trillion and transform the company into a truly global apparel leader. To achieve this, the retailer has intensified its expansion in the U.S., Europe and other parts of Asia, building on its momentum in Japan and China.
The company said revenue and profit rose significantly in the U.S. during the June–August quarter, even amid the impact of U.S. tariffs. New store openings in both North America and Europe have been “extremely successful, and a virtuous cycle has started to emerge,” according to the earnings statement.
Fast Retailing has also been strengthening its operations in China by adjusting its product lineup to reflect local weather conditions and consumer preferences. Both the Chinese mainland and Hong Kong markets reported a decline in sales and a sharp contraction in profit for the current fiscal year, the company said.
In its home market, the business experienced a considerable increase, with Uniqlo Japan’s revenue surpassing ¥1 trillion for the first time.
