GLOBAL APPAREL · Results released October 8, 2026 · Fiscal year ended August 31
Overseas UNIQLO operations supplied about 89% of Fast Retailing’s year-on-year revenue increase in fiscal 2026. Comparing the actual yen amounts reveals how heavily the group’s expansion depended on its international flagship brand.
Where the additional revenue came from
Fast Retailing’s October results put annual revenue at ¥3,963.3 billion and business profit at ¥718.4 billion. UNIQLO International contributed ¥2,411.1 billion of revenue and ¥439.8 billion of business profit. The corresponding fiscal 2025 figures provide the starting point for the comparison below.
Share of the ¥562.8bn revenue increase
| Measure | FY2025 | FY2026 |
|---|---|---|
| Group revenue | 3,400.5 | 3,963.3 |
| International revenue | 1,910.2 | 2,411.1 |
| Group business profit | 551.1 | 718.4 |
| International business profit | 305.3 | 439.8 |
Growth concentration and business size answer different questions
International UNIQLO represented 60.8% of group revenue in FY2026. Its 89.0% growth contribution is considerably larger because that calculation counts only the extra revenue earned since the previous year. A mature operation can remain economically important while adding relatively little to annual growth.
This distinction helps readers judge the next set of results. If international growth slows, a large contribution elsewhere would be needed to maintain the same group expansion. Equally, a high contribution does not imply a single-country dependence: the international segment combines several markets. An assessment of concentration should therefore examine geography inside the segment as well as its weight within the group.
Jiji’s reporting identified Europe and the United States as prominent contributors to overseas performance. These geographic observations help locate the expansion, but a percentage increase by itself cannot reveal which market supplied the largest absolute addition.
Check what remained after operating costs
Dividing international business profit by international revenue gives a margin of approximately 18.2%, compared with 16.0% a year earlier. The profit increase of ¥134.5 billion accounts for about 80.4% of the group’s ¥167.3 billion business-profit increase. On these measures, the overseas expansion increased both scale and the proportion retained after the costs included in business profit.
A higher margin makes the revenue increase more economically useful, but leaves questions about investment needs, inventory and cash collection. These calculations are an operating-performance comparison; they do not establish the cash available for dividends or a fair share price.
Reproduce the growth calculation
Subtract FY2025 from FY2026: 3,963.3 − 3,400.5 = 562.8 for the group; 2,411.1 − 1,910.2 = 500.9 internationally. Divide 500.9 by 562.8 and multiply by 100 = 89.0%. Use the reported amounts rather than reversing rounded growth percentages. Figures are rounded to ¥0.1 billion, so derived results are approximate.
Which profit measure is used?
The company defines business profit as revenue less cost of sales and selling, general and administrative expenses. Its separately reported operating profit also includes other income and expenses. Keeping one definition across both years and both organizational levels prevents a misleading margin comparison.
Scope: consolidated reported yen amounts for September 2025–August 2026 versus the preceding fiscal year. Currency translation, new stores and changes at existing stores are not separately quantified by this growth-contribution calculation. October 8 is the announcement date; these are not October sales.
