Fast Retailing Co., Ltd. · TSE:9983
Fast Retailing — FY2026 Earnings Presentation
32 slides from Fast Retailing's earnings presentation, Oct 8, 2026
Slide 1: Fast Retailing Results for FY2026 and Estimates for FY2027
October 8, 2026 Fast Retailing Results for FY2026 and Estimates for FY2027 Takeshi Okazaki FAST RETAILING CO., LTD. Group Senior Executive Officer & CFO １
Slide 2: Contents
Contents Ⅰ． Results for FY2026 P. 03 ～ P. 21 Ⅱ． Estimates for FY2027 P. 22 ～ P. 28 Ⅲ． Reference P. 29 ～ P. 32 Disclosure of Corporate Performance Following the Group’s adoption of International Financial Reporting Standards (IFRS) from the year ending August 31, 2014, all data in this document are c
Slide 3: Group: FY2026 (Sep. 2025 - Aug. 2026)
Group: FY2026 (Sep. 2025 - Aug. 2026) Large revenue and profit gains. Fifth consecutive record performance ・While sales fell slightly short of our July estimates, sales remained strong throughout the year, generating a ¥562.8 billion revenue increase and ¥167.3 billion business profit gain, and achi
Slide 4: Group: FY2026 Highlights
Group: FY2026 Highlights ・ UNIQLO operations achieved higher revenue and profit in all regions and drove overall Group operational growth. ・Customer support for the UNIQLO brand rose and UNIQLO operations expanded significantly as, throughout the period, we continued to open high-quality stores that
Slide 5: Group: FY2026 Business Profit
Group: FY2026 Business Profit Revenue ¥3.4005trln → ¥3.9633trln Foreign exchange impact 1H 2H FY 1H 2H FY Group +￥265.0bln +￥297.8bln +￥562.8bln Group +2.3% +6.4% +4.4% UQ Japan +￥40.1bln +￥18.5bln +￥58.7bln USD +1.4% +8.8% +5.0% UQ Intl. +￥227.2bln +￥273.6bln +￥500.8bln RMB +3.0% +15.3% +9.1% GU +￥
Slide 6: Group: FY2026 Profit Attributable to Owners of the Parent
Group: FY2026 Profit Attributable to Owners of the Parent Interest income and expenses: ¥52.2bln Foreign exchange gain: ¥7.1bln *September 1, 2025: 1USD=146.9JPY August 31, 2026: 1USD=160.0JPY ¥802.5bln ¥743.1bln ¥59.3bln ＋23.4% ¥218.3bln ＋31.7% Net finance income ¥584.1bln +27.2% ¥41.6bln ¥542.5bln
Slide 7: FY2026 Breakdown by Group Operation
FY2026 Breakdown by Group Operation Units: Billions of yen Yr to Aug. 2025 Yr to Aug. 2026 Actual 1H Actual y/y 2H Actual y/y Full Year Actual y/y Revenue 1,026.0 581.7 +7.4% 503.1 +3.8% 1,084.8 +5.7% Business profit 181.3 110.7 +13.4% 85.3 +1.9% 196.0 +8.1% UNIQLO (to revenue) 17.7% 19.0% +1.0p 17.
Slide 8: UNIQLO Japan: FY2026 Performance
UNIQLO Japan: FY2026 Performance Reported revenue and profit gains. Achieved a record performance ・In line with business estimates. ・Strong sales of products using on-trend silhouettes/materials, functional items meeting customer needs. ・Personnel and store rent ratios fell primarily in 1H, resultin
Slide 9: UNIQLO Japan: FY2026 Revenue
UNIQLO Japan: FY2026 Revenue Same-store sales: +5.1% y/y ・Strong sales performance throughout the year, driven by functional items, such as Ultra Stretch Pants and UV Protection ranges, and items that reflected the latest on-trend silhouettes, such as Barrel Pants. ・4Q sales declined 4.0% y/y as dem
Slide 10: UNIQLO Japan: Gross Profit Margin, SG&A Ratio
UNIQLO Japan: Gross Profit Margin, SG&A Ratio Gross profit margin contracted: 50.6% (−0.1ｐ y/y) ・1H: Deteriorated 0.2p y/y FY2025 FY2026 ✓ Weaker yen rates on forward exchange contracts used GPM Actual Actual YoY for procurement purposes inflated cost of sales ratio. Full Year 50.7% 50.6% -0.1p ・2H:
Slide 11: UNIQLO International: FY2026 Overview
UNIQLO International: FY2026 Overview Reported large revenue and profit gains, and another record performance ・Further growth across all regions. Double-digit revenue and profit gains in S. Korea, SE Asia, India and Australia region, N. America, and Europe, higher revenue and double-digit profit gro
Slide 12: UNIQLO International: Performance by Region
UNIQLO International: Performance by Region N. America and Europe growing into a significant pillar underpinning Group growth ・All regions generating strong results. Formed a solid structure that facilitates continuous global growth. N. America, Greater China ・ For the first time, North America and
Slide 13: UNIQLO International: FY2026 by Region (1)
Local UNIQLO International: FY2026 by Region (1) currency terms Greater China region: Revenue rise, double-digit profit increase ・(Yen terms) Revenue: ¥724.0bln +11.3%, business profit: ¥112.0bln +24.6%. ・Roughly in line with estimates issued in July. Mainland China market: Revenue up roughly 3%, bu
Slide 14: UNIQLO International: FY2026 by Region (2)
Local UNIQLO International: FY2026 by Region (2) currency terms S. Korea, SE Asia, India & Australia: Double-digit revenue and profit gains ・ (Yen terms) Revenue: ¥809.4bln (+30.7%), business profit: ¥168.3bln (+44.0%). ・Business profit margin up 1.9p to 20.8% on higher gross profit margin and SG&A
Slide 15: UNIQLO International: FY2026 by Region (3)
Local UNIQLO International: FY2026 by Region (3) currency terms North America: Reports double-digit revenue and profit growth ・ (Yen terms) Revenue: ¥364.9bln (+34.6%), business profit: ¥67.9bln (+53.3%). Performed to plan. ・Business profit margin rose 2.3p to 18.6% on higher gross profit margin. Un
Slide 16: UNIQLO International: FY2026 by Region (4)
Local UNIQLO International: FY2026 by Region (4) currency terms Europe: Reports double-digit revenue and profit growth ・ (Yen terms) Revenue: ¥512.6bln (+38.7%), business profit: ¥91.7bln (+69.0%). ・While 4Q overall sales performance fell slightly short of expectations due to unusually warm weather,
Slide 17: GU: FY2026 Performance
GU: FY2026 Performance Reports revenue rise and large profit gain, but falls short of expectations ・4Q: Fall in revenue and slight business loss. GU in transition period. All products being renewed, with a new collection launched from Fall Winter 2026. 4Q sales struggled after we failed to sufficien
Slide 18: Global Brands: FY2026 Performance
Local Global Brands: FY2026 Performance currency terms Decline in revenue but rise in profit. Falls short of expectations ・Revenue down approx. 6% (local currency terms). Theory pressed ahead with structural reforms. Below plan. Theory: In global structural reform transition period. FY2026 revenue d
Slide 19: Group: Balance Sheet (End August 2026)
Group: Balance Sheet (End August 2026) Units: Billions of yen End Aug. End Aug. 2026 Change 2025 Total Assets 3,859.3 4,549.4 +690.1 Current Assets 2,527.8 3,020.3 +492.5 Non-Current Assets 1,331.5 1,529.1 +197.5 Total Liabilities 1,531.8 1,637.3 +105.4 Total Equity 2,327.5 2,912.1 +584.6 19
Slide 20: Group: B/S Main Points v. End Aug. 2025
Group: B/S Main Points v. End Aug. 2025 Total assets: +¥690.1bln (¥3.8593trln→¥4.5494trln) ・Cash, cash equivalents, and other financial assets: +¥411.5bln (¥2.1053trln ⇒ ¥2.5169trln) Due to increased operating cash flows primarily from UNIQLO operations. ・Property, plant and equipment and right-of-u
Slide 21: Group: FY2026 Cash Flow
Group: FY2026 Cash Flow • Profit before income taxes: +¥802.5bln ・ Dividend payments −¥177.9bln +¥788.5bln −¥316.8bln ・ Leasing debt repayment −¥145.6bln ・ Corporate bond redemption −¥70.0bln −¥429.0bln +¥114.3bln year to date Cash used in investing activities +¥71.7bln ¥1.0073trln ¥893.2bln Cash us
Slide 22: Group: FY2027 Estimates
Group: FY2027 Estimates Expect record performance, driven by large revenue and profit gains ・Expect to record ¥50.0bln under finance income net of costs. Expect to achieve same level as previous year in terms of interest income and expenses associated with bond management, etc. ・At this stage, do no
Slide 23: FY2027 Estimates by Group Operation (1)
Local FY2027 Estimates by Group Operation (1) currency terms UNIQLO Intl.: Expect double-digit 1H, 2H, FY2027 revenue/profit growth ・Expect slightly improved full-year business profit margins Greater China region: ・Expect higher 1H revenue and profit. Expect 2H, FY2027 revenue rise and double-digit
Slide 24: FY2027 Estimates by Group Operation (2)
Local FY2027 Estimates by Group Operation (2) currency terms UNIQLO Intl.: Expect double-digit 1H, 2H, FY2027 revenue/profit growth North America: ・Expect double-digit revenue and profit growth in 1H, 2H, and FY2027 and a slight improvement in business profit margin. ・FY2027 gross profit margin fore
Slide 25: FY2027 Estimates by Group Operation (3)
FY2027 Estimates by Group Operation (3) UNIQLO Japan: Expect revenue rise, flat business profit in 1H, 2H, FY2027 ・Same-store sales expected rise by approx. 2% y/y in FY2027. ・Gross profit margin forecast to fall slightly in 1H and 2H. While we will strive to improve discounting rates, a significant
Slide 26: FY2027 Estimates by Group Operation (4)
FY2027 Estimates by Group Operation (4) GU: Expect revenue rise and a business profit gain in 1H, 2H, FY2027 ・GU is renewing all its products from FY2026 and embodying its brand concept of low-priced fashion fun in its products, stores, and e-commerce operations. ・Sales falling short of plan because
Slide 27: FY2027 Estimates by Group Operation (5)
Local FY2027 Estimates by Group Operation (5) currency terms Global Brands: Expect revenue and profit gains in 1H, 2H, FY2027 Theory: ・Expect higher full-year revenue and profit. ・Plan to strengthen global structural reforms of products, sale floors, branding, and marketing. ・Plan to strategically m
Slide 28: FY2027 Dividend Estimates
FY2027 Dividend Estimates Scheduled FY2026 dividend: ¥850 Expected FY2027 dividend: ¥900 ・Will prioritize medium- to long-term operational growth and actively invest in future growth areas including the opening of flagship stores in markets worldwide, supply chains, talent development, and digitaliz
Slide 29: Reference: Group Company Store Numbers (1)
Reference: Group Company Store Numbers (1) Units: Stores FY2025 FY2026 4Q Result (Sep. - Aug.) FY2027 Estimates (Sep. - Aug.) Yr-end Open Close Change End Aug. Open Close Change End Aug. UNIQLO Operations 2,519 115 135 -20 2,499 125 90 +35 2,534 UNIQLO Japan* 794 22 34 -12 782 20 20 0 782 Own stores
Slide 30: Reference: Group Company Store Numbers (2)
Reference: Group Company Store Numbers (2) Units: Stores FY2025 FY2026 4Q Result (Sep. - Aug.) FY2027 Estimates (Sep. - Aug.) Yr-end Open Close Change End Aug. Open Close Change End Aug. UNIQLO International North America 106 20 2 +18 124 20 - - - USA 75 13 2 +11 86 - - - - Canada 31 7 0 +7 38 - - -
Slide 31: Reference: Foreign Exchange Rates
Reference: Foreign Exchange Rates Exchange Rates Used in Consolidated Accounts unit : yen 1USD 1EUR 1GBP 1RMB 100KRW FY 2025 Full-year 12-month average 148.7 162.9 193.9 20.6 10.6 FY 2026 Full-year 12-month average 156.2 181.8 209.3 22.5 10.7 FY 2027 (E) Full-year 12-month average 156.2 181.8 209.3
Slide 32: Reference: Capex, Depreciation
Reference: Capex, Depreciation Capex and Depreciation Units: Billions of yen Capex UNIQLO UNIQLO Global Systems, Depreciation GU Total Japan Intl. Brands etc FY2025 Full-year 12 months 15.1 120.0 7.7 1.4 27.4 171.9 216.4 FY2026 Full-year 12 months 11.3 68.8 3.8 1.8 26.7 112.7 237.2 FY2027 (E) Full-y