Fast Retailing Co., Ltd.TSE: 9983

Year to August 2026 (September 1, 2025 ~ August 31, 2026) Second Quarter

· Issued by Fast Retailing Co., Ltd.

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited (the "Stock Exchange") take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.



FAST RETAILING CO., LTD.

迅銷有限公司

(Incorporated in Japan with limited liability)

(Stock Code:6288)

INTERIM RESULTS ANNOUNCEMENT

FOR THE SIX MONTHS ENDED 28 FEBRUARY 2026

AND

RESUMPTION OF TRADING

The board of directors (the "Board") of FAST RETAILING CO., LTD. (the "Parent" or "Company") is pleased to announce the consolidated results of the Company and its subsidiaries (collectively the "Group") for the six months ended 28 February 2026.

At the request of the Company, trading in its Hong Kong depositary receipts on the Stock Exchange was halted with effect from 1:00

p.m. on Thursday, 9 April 2026, pending the release of this announcement. An application will be made by the Company to the Stock Exchange for resumption of trading in the Hong Kong depositary receipts with effect from 9:00 a.m. on Friday, 10 April 2026.

(Amounts are rounded down to the nearest million yen unless otherwise stated)

  1. CONSOLIDATED RESULTS

    The consolidated financial results were prepared in accordance with International Financial Reporting Standards ("IFRS").

    1. Consolidated Operating Results (1 September 2025 to 28 February 2026)

      Revenue

      Business profit

      Operating profit

      Profit before income taxes

      Millions of yen

      %

      Millions of yen

      %

      Millions of yen

      %

      Millions of yen

      %

      Six months ended 28 February 2026

      2,055,227

      14.8

      386,963

      28.3

      400,666

      31.7

      428,805

      17.9

      Six months ended 28 February 2025

      1,790,198

      12.0

      301,671

      20.1

      304,217

      18.3

      363,724

      21.5

      (Note) Business profit = Revenue - Cost of sales - Selling, general, and administrative expenses

      Profit for the period

      Profit attributable to owners of the Parent

      Total comprehensive income for the period

      Basic earnings per share for the

      period

      Diluted earnings per share for the

      period

      Millions of yen

      %

      Millions of yen

      %

      Millions of yen

      %

      Yen

      Yen

      Six months ended 28 February 2026

      302,143

      21.2

      279,290

      19.6

      503,633

      57.4

      910.25

      909.00

      Six months ended 28 February 2025

      249,282

      19.0

      233,566

      19.2

      320,025

      4.0

      761.38

      760.21

    2. Consolidated Financial Position

      Total assets

      Total equity

      Equity attributable to owners

      of the Parent

      Ratio of equity attributable to owners

      of the Parent to total assets

      Equity per share attributable to owners

      of the Parent

      Millions of

      yen

      Millions of

      yen

      Millions of

      yen

      %

      Yen

      As at 28 February 2026

      4,299,044

      2,708,483

      2,632,460

      61.2

      8,579.27

      As at 31 August 2025

      3,859,353

      2,327,501

      2,273,115

      58.9

      7,408.65

  2. DIVIDENDS

    (Declaration date)

    Dividend per share

    First quarter period end

    Second quarter period end

    Third quarter period end

    Year end

    Total

    Yen

    Yen

    Yen

    Yen

    Yen

    Year ended 31 August 2025

    -

    240.00

    -

    260.00

    500.00

    Year ending 31 August 2026

    -

    320.00

    Year ending 31 August 2026 (forecast)

    -

    320.00

    640.00

    (Note) Revisions during this quarter of dividends forecast for fiscal year: Yes

  3. CONSOLIDATED BUSINESS RESULTS PROJECTION FOR YEAR ENDING 31 AUGUST 2026 (1
SEPTEMBER 2025 TO 31 AUGUST 2026)

(% shows rate of increase/decrease from previous period)

Revenue

Business profit

Operating profit

Profit before income taxes

Profit attributable to

owners of the Parent

Year ending 31 August 2026

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

3,900,000

14.7

690,000

25.2

700,000

24.1

740,000

13.7

480,000

10.9

Basic earnings per share attributable to owners

of the Parent

Year ending 31 August 2026

Yen

1,564.39

(Note) Revisions to the most recently announced earnings forecast for the year ending 31 August 2026: Yes

* Notes

(1) Sign

ificant changes in the scope of consolidation during the current interim period

None

(2) Changes in accounting policies and changes in accounting estimates:

(i)

Changes in accounting policies to conform with IFRS accounting standard:

None

(ii)

Other changes in accounting policies:

None

(iii)

Changes in accounting estimates:

None

(3) Total number of issued shares (Common stock)

(i)

Number of issued shares (including treasury stock)

As at 28 February 2026

318,220,968

shares

As at 31 August 2025

318,220,968

shares

(ii)

Number of treasury stock

As at 28 February 2026

11,381,227

shares

As at 31 August 2025

11,401,789

shares

(iii)

Average number of issued shares

For the six months ended 28 February

2026

306,829,054

shares

For the six months ended 28 February

2025

306,767,976

shares

  • This interim results announcement is not subject to interim review procedures pursuant to the Financial Instruments and Exchange Act of Japan.

  • Explanation and other notes concerning proper use of the consolidated business results projection:

Statements made in these materials, such as those pertaining to future matters, including business projections, are based on information presently available to the Company and certain assumptions determined to be reasonable. Actual business results may vary materially depending on a variety of factors. For the background, assumptions and other matters regarding the business results projection, please refer to P.8 "(3) Qualitative Information Concerning Consolidated Business Results Projection".

  1. Business Results

    1. Results of Operations

      The Fast Retailing Group achieved a record corporate performance, reporting significant increases in revenue and profit in the first half of fiscal 2026, or the six months from 1 September 2025 to 28 February 2026. Consolidated revenue totaled 2.0552 trillion yen (+14.8% year-on-year) and business profit, which is calculated by subtracting cost of sales and selling, general and administrative expenses from consolidated revenue, rose to 386.9 billion yen (+28.3% year-on-year). Support for the UNIQLO brand is expanding around the globe as a result of our branding strategy, which centers around the opening of flagship stores in key locations. UNIQLO business in all regions reported higher revenue and profit thanks to strong sales not only of Winter products but also of year-round products updated with on-trend silhouettes and materials. Fast Retailing's consolidated gross profit margin improved by 0.8 points year-on-year to 54.1%. The selling, general and administrative expense ratio improved by 1.2 points year-on-year to 35.3%. We recorded 28.1 billion yen under finance income net of costs, comprising 23.1 billion yen in interest income net of expenses and 5.0 billion yen from foreign exchange gains on foreign-currency denominated assets. As a result, first-half profit before income taxes increased to 428.8 billion yen (+17.9% year-on-year) and profit attributable to owners of the Parent increased to 279.2 billion yen (+19.6% year-on-year) for the period.

      The Fast Retailing Group is focusing on a number of areas as part of its endeavor to become the world's No.1 brand; an essential part of everyday life that is trusted by all customers around the world. These measures include (1) Strengthening the training of management talent, (2) Pursuing a business model in which the development of business contributes to sustainability, (3) Meeting customer needs and creating new customers, (4) Diversifying global earnings pillars, (5) Expanding GU and our Global Brands, and (6) Reforming cost structures to suit an inflationary era. In particular, we aim to continue to open new high-quality stores and enhance our product development and branding at UNIQLO International as the growth pillar of the Fast Retailing Group. We are also committed to creating LifeWear in order to help build a sustainable society. Our aim is to create high-quality clothing that lasts a long time, has a lower impact on the planet, is made in healthy and safe working environments, and ultimately can be recycled or reused.

      UNIQLO Japan

      UNIQLO Japan reported an increase in revenue and a large expansion in profit in the first half of fiscal 2026, with revenue expanding to 581.7 billion yen (+7.4% year-on-year) and business profit rising to 110.7 billion yen (+13.4% year-on-year). First-half same-store sales (including e-commerce sales) increased by 6.5% year-on-year, with a strategically selected lineup of year-round items helping to drive overall sales, and the onset of colder weather also generating strong sales of Winter products. The gross profit margin contracted by 0.2 points year-on-year due to the rise in cost of sales caused by weaker yen forward contract exchange rates used for procurement purposes. Meanwhile, the selling, general and administrative expense ratio improved by 1.2 points year-on-year, with the strong sales performance resulting in lower personnel and store rent component ratios.

      UNIQLO International

      UNIQLO International reported significant increases in revenue and profit in the first half of fiscal 2026, with revenue rising to 1.2413 trillion yen (+22.4% year-on-year) and business profit expanding to 233.0 billion yen (+37.4% year-on-year).

      Breaking down the UNIQLO International performance into individual regions and markets, among UNIQLO operations in the Greater China region, the Mainland China market reported a rise in first-half revenue and double-digit year-on-year growth in first-half profit. Strong sales were recorded in the second quarter from December 2025 to February 2026 following efforts to respond to warmer weather by proactively presenting styling options for bottoms, sweatshirts/pants, casual outerwear, and other Spring and year-round items during the Chinese New Year sales period. The Hong Kong market reported a rise in first-half revenue but a decline in profit. However, profit increased year-on-year when royalty fees were excluded. The Taiwan market reported higher revenue and profit.

      Meanwhile, UNIQLO business in South Korea achieved double-digit growth in both revenue and profit thanks to the successful use of digital channels to communicate strategic product information, and a continued rise in support for UNIQLO primarily among younger customers. UNIQLO operations in Southeast Asia, India, and Australia reported double-digit revenue and profit growth for the first half. Our decision to strategically expand inventories of Winter products and sales floor displays contributed to the strong sales performance. Buoyant sales of bottoms, short-sleeved knitwear, linen shirts, and other Spring Summer products also helped drive higher revenue and profit figures across all operations in the region.

      UNIQLO business in North America and UNIQLO business in Europe continued to generate high levels of growth by reporting double-digit growth in first-half revenue and profit. The two operations recorded double-digit growth in same-stores after HEATTECH, down, and other Winter products sold extremely well, while sweatshirts/pants, bottoms, and other year-round items also helped drive sales.

      GU

      GU reported a slight rise in revenue and a double-digit expansion in profit in the first half of fiscal 2026, with revenue increasing to 168.4 billion yen (+1.6% year-on-year) and business profit expanding to 15.7 billion yen (+20.1% year-on-year). Revenue was supported by strong global sales of soft sheer crew neck T-shirts, gathered ballet sneakers, and other items that captured mass fashion trends and boosted brand popularity among young people, as well as the strong sales performance of new GU stores in Taiwan and Hong Kong. The business profit margin improved on the back of improvements in the gross profit margin and the selling, general and administrative expense ratio. Those improvements were the result of ongoing operational reforms, such as the narrowing of GU product offerings and concentration on strong-selling items, as well as more accurate volume planning.

      Global Brands

      In the first half of fiscal 2026, Global Brands reported a decline in revenue to 62.7 billion (−7.5% year-on-year) and a loss of 0.7 billion yen under the business profit/loss category (compared to a 1.1 billion yen profit in the first half of fiscal 2025). This was due primarily to sluggish Theory brand sales. A decline in sales and a business loss at Theory business in USA was largely responsible for the decline in Theory revenue, which pushed the operation marginally to a loss position. Theory business in USA revenue contracted as a result of a sluggish wholesale business with poor-performing department stores and the closure of ecommerce outlet stores in the USA in March 2025. On the profit front, the overall loss at Theory was caused primarily by the recording of bad debts after a wholesale department store customer filed for bankruptcy. Regarding other labels in the Global Brands segment, PLST reported higher revenue and double-digit profit growth in the first half thanks to strong sales of menswear items such as rayon blend shirts and Precious Knit Melton items, along with a sharp rise in e-commerce sales. Finally, our combined Comptoir des Cotonniers and Princesse tam.tam business reported a decline in revenue, owing to a reduction in the number of stores at end-February by roughly 50% compared to the previous year, as part of overall restructuring efforts and our drive to create a concentrated urban network. However, the reduction in unprofitable stores and reformed cost structures help improve the selling, general and administrative expense ratio and reduce overall losses.

      Sustainability

      Fast Retailing is advancing its LifeWear concept-the ultimate in everyday clothing, designed to make everyone's life better-to create apparel that emphasizes quality, design and price, as well as being environmentally friendly, protecting human rights and contributing to society. The main sustainability activities in the second quarter of fiscal 2026 are as follows.

      • Fully Achieving Our Target Cotton Procurement by the End of December 2025

        Based on our Responsible Raw Material Procurement Policy, we set a goal in 2018 to increase the proportion of cotton procured from farms that reduce their environmental impact in the cultivation process and have consideration for the labor conditions for farmers to 100% by the end of December 2025, and we have been working toward this goal since then. As a result, we achieved this goal by the end of December 2025.

        We have updated the criteria for our preferred cotton beginning in 2026 based on these efforts. Under our new standards, we will procure only cotton that has been certified by third-party certification bodies and other organizations with specialized knowledge. In addition, we will enhance our collaboration with third-party certification bodies and other organizations to improve cotton cultivation through dialogue and engagement. Our goal is to source 100% of our cotton according to these new standards by 2030, and we are taking measures to achieve this.

      • Achieving Greenhouse Gas Emission Reduction Targets 4 Years Ahead of Schedule

        We have set targets to achieve a 90% reduction in greenhouse gas emissions from our self-managed facilities, such as stores and offices, compared to the fiscal year ended August 2019 and a 20% reduction in greenhouse gas emissions across our supply chain (raw material production, material production, and sewing of UNIQLO and GU products) by the fiscal year ending August 2030. We have introduced renewable energy at our self-managed facilities, and at the factories of UNIQLO and GU's major suppliers. We have also implemented numerous initiatives aimed at reducing greenhouse gas emissions. As a result of these initiatives, for the fiscal year ended August 2025, we have reduced greenhouse gas emissions from our self-managed facilities by 90.3% compared to the fiscal year ended August 2019, achieving our goal 4 years ahead of schedule. In addition, we reduced greenhouse gas emissions in our supply chain by 19.9% compared to the fiscal year ended August 2019, largely achieving our goal of a 20% reduction. In November 2025, we raised our goal for supply chain greenhouse gas emission reduction from the previous goal of 20% to 30%.

      • Achieving a High Rating in an External Assessment of Respect for Human Rights and Labor Conditions and the Promotion of Diversity

        We continue to enhance our efforts to respect human rights and labor conditions. In recent years, we have been focusing on strengthening our due diligence framework for human rights in our supply chain, enhancing traceability and transparency, and improving our complaint resolution mechanisms while providing effective remedies. In an assessment of these initiatives, we ranked 2nd in the apparel sector and 11th overall out of 105 companies in the 2026 Corporate Human Rights Benchmark (CHRB) assessment conducted by the World Benchmarking Alliance (WBA).

        As we continue to expand our business globally, we are working to enhance our worldwide diversity and inclusion initiatives in our workplace, customer experience, and communities in order to create an environment that welcomes people from diverse backgrounds and characteristics, and respects differing opinions and individuality. In particular, we were recognized for our promotion of gender-neutral marketing, ranking 4th in the apparel sector and 5th overall out of 105 companies in the 2026 Gender Benchmark assessment, which was also conducted by the WBA.

      • Good Corporate Governance

      To enable rapid and transparent management, we have a number of committees engaged in open and active discussions. In the Human Rights Committee, in addition to reports on the results of our human rights due diligence in our Japan and US operations, we presented findings from labor environment monitoring in our supply chain and the results of our hotline for factory workers, and discussed the respective challenges and our response policies. In the Risk Management Committee, we hold discussions on cybersecurity risks and countermeasures, and work to enhance our systems for preventing and detecting cyberattacks, as well as for quickly resolving incidents and ensuring business continuity in the event of an attack.

    2. Financial Positions and Cash Flows Information
      1. Financial Positions

        Total assets as at 28 February 2026 were 4.2990 trillion yen, which was an increase of 439.6 billion yen relative to the end of the preceding fiscal year. The principal factors were an increase of 147.2 billion yen in cash and cash equivalents, an increase of 281.9 billion yen in other current financial assets, an increase of 76.1 billion yen in derivative financial assets, an increase of 28.2 billion yen in right-of-use assets, a decrease of 92.4 billion yen in non-current financial assets.

        Total liabilities as at 28 February 2026 were 1.5905 trillion yen, which was an increase of 58.7 billion yen relative to the end of the preceding fiscal year. The principal factors were an increase of 29.2 billion yen in trade and other payables, a decrease of 37.0 billion yen in other current financial liabilities, an increase of 34.7 billion yen in lease liabilities, an increase of 11.9 billion yen in current tax liabilities, an increase of 19.0 billion yen in deferred tax liabilities.

        Total net assets as at 28 February 2026 were 2.7084 trillion yen, which was an increase of 380.9 billion yen relative to the end of the preceding fiscal year. The principal factors were an increase of 199.5 billion yen in retained earnings, an increase of 159.1 billion yen in other components of equity and an increase of 21.6 billion yen in non-controlling interests.

      2. Cash Flows Information

        Cash and cash equivalents as at 28 February 2026 had increased by 147.2 billion yen from the end of the preceding fiscal year, to 1.0405 trillion yen.

        (Cash Flows from Operating Activities)

        Net cash generated by operating activities for the six months ended 28 February 2026 was 499.0 billion yen (298.2 billion yen was generated during the six months ended 28 February 2025). The principal factors were cash inflow from profit before tax for 428.8 billion yen, depreciation and amortization for 115.3 billion yen and a decrease in inventories for 31.5 billion yen, and cash outflow from taxes paid for 106.7 billion yen.

        (Cash Flows from Investing Activities)

        Net cash used in investing activities for the six months ended 28 February 2026 was 179.1 billion yen (382.1 billion yen was used during the six months ended 28 February 2025). The principal factors were net increase of 192.3 billion yen in bank deposits with original maturities of three months or longer, a 40.4 billion yen in payments for acquisition of property, plant and equipment, and a net proceeds of 64.7 billion yen for the acquisition, sale, and redemption of investment.

        (Cash Flows from Financing Activities)

        Net cash used in financing activities for the six months ended 28 February 2026 was 227.4 billion yen (150.2 billion yen was used during the six months ended 28 February 2025). The principal factors were 70.0 billion yen in redemption of corporate bonds, 79.7 billion yen in dividend payments and 71.5 billion yen in repayments of lease liabilities.

    3. Qualitative Information Concerning Consolidated Business Results Projection

      Regarding our business results projections for the year ending 31 August 2026, we have revised our full-year forecasts to reflect 1) stronger first-half results, 2) improved second-half performance assumptions based on current sales trends, and 3) updated foreign exchange rate assumptions reflecting recent yen depreciation. The table below compares our latest full-year business results projection, compared with the previous estimates announced in the "First Quarterly Results Announcement for the Three Months Ended 30 November 2025," released on 8 January 2026.

      (Full financial year)

      Revenue

      Business profit

      Operating profit

      Profit before income taxes

      Profit attributable

      to owners of the Parent

      Basic earnings per share attributable

      to owners of the

      Parent

      Millions of yen

      Millions of yen

      Millions of yen

      Millions of yen

      Millions of yen

      Yen

      Previous forecast (A)

      3,800,000

      650,000

      650,000

      690,000

      450,000

      1,466.64

      New forecast (B)

      3,900,000

      690,000

      700,000

      740,000

      480,000

      1,564.39

      Difference (B-A)

      100,000

      40,000

      50,000

      50,000

      30,000

      -

      Change (%)

      2.6%

      6.2%

      7.7%

      7.2%

      6.7%

      -

      Previous results

      3,400,539

      551,156

      564,265

      650,574

      433,009

      1,411.44

      (Note) Revisions to the most recently announced earnings forecast for the year ending 31 August 2026: Yes

  2. Interim Condensed Consolidated Financial Statements and Accompanying Material Notes

    1. Interim Condensed Consolidated Statement of Financial Position

      (Millions of yen)

      Notes

      As at 31 August 2025

      As at 28 February 2026

      ASSETS

      Current assets

      Cash and cash equivalents

      893,239

      1,040,505

      Trade and other receivables

      96,407

      90,863

      Other financial assets

      899,701

      1,181,645

      Inventories

      510,958

      501,144

      Derivative financial assets

      94,803

      128,316

      Income taxes receivable

      8,042

      6,384

      Other assets

      24,662

      22,321

      Total current assets

      2,527,815

      2,971,180

      Non-current assets

      Property, plant and equipment

      332,351

      358,781

      Right-of-use assets

      477,111

      505,397

      Goodwill

      8,092

      8,092

      Intangible assets

      91,606

      91,213

      Financial assets

      312,438

      219,941

      Investments in associates accounted for using

      the equity method

      31,361

      33,112

      Deferred tax assets

      40,889

      30,058

      Derivative financial assets

      33,882

      76,470

      Other assets

      3,803

      4,796

      Total non-current assets

      1,331,538

      1,327,863

      Total assets

      3,859,353

      4,299,044

      Liabilities and equity

      LIABILITIES

      Current liabilities

      Trade and other payables

      390,149

      419,424

      Other financial liabilities

      150,942

      113,856

      Derivative financial liabilities

      19,250

      19,525

      Lease liabilities

      126,830

      132,734

      Current tax liabilities

      73,072

      85,034

      Provisions

      1,651

      1,961

      Other liabilities

      149,394

      151,522

      Total current liabilities

      911,291

      924,060

      Non-current liabilities

      Financial liabilities

      141,071

      141,500

      Lease liabilities

      386,670

      415,514

      Provisions

      55,711

      57,824

      Deferred tax liabilities

      22,539

      41,550

      Derivative financial liabilities

      12,110

      8,051

      Other liabilities

      2,457

      2,058

      Total non-current liabilities

      620,561

      666,499

      Total liabilities

      1,531,852

      1,590,560

      EQUITY

      Capital stock

      10,273

      10,273

      Capital surplus

      30,998

      31,652

      Retained earnings

      2,056,437

      2,255,954

      Treasury stock, at cost

      (14,529)

      (14,504)

      Other components of equity

      189,936

      349,083

      Equity attributable to owners of the Parent

      2,273,115

      2,632,460

      Non-controlling interests

      54,385

      76,022

      Total equity

      2,327,501

      2,708,483

      Total liabilities and equity

      3,859,353

      4,299,044

    2. Interim Condensed Consolidated Statement of Profit or Loss and Interim Condensed Consolidated Statement of Comprehensive Income

      Interim Condensed Consolidated Statement of Profit or Loss

      (Millions of yen)

      Notes

      Six months ended 28 February 2025

      Six months ended 28 February 2026

      Revenue

      2

      1,790,198

      2,055,227

      Cost of sales

      (835,371)

      (943,653)

      Gross profit

      954,827

      1,111,574

      Selling, general and administrative expenses

      3

      (653,155)

      (724,610)

      Other income

      4

      3,699

      15,300

      Other expenses

      4

      (2,653)

      (2,831)

      Share of profit of associates accounted for using

      the equity method

      1,499

      1,234

      Operating profit

      304,217

      400,666

      Finance income

      5

      65,832

      35,219

      Finance costs

      5

      (6,324)

      (7,081)

      Profit before income taxes

      363,724

      428,805

      Income tax expense

      (114,442)

      (126,661)

      Profit for the period

      249,282

      302,143

      Profit for the period attributable to:

      Owners of the Parent

      233,566

      279,290

      Non-controlling interests

      15,715

      22,852

      Total

      249,282

      302,143

      Earnings per share

      Basic (yen)

      6

      761.38

      910.25

      Diluted (yen)

      6

      760.21

      909.00

      Interim Condensed Consolidated Statement of Comprehensive Income

      (Millions of yen)

      Notes

      Six months ended 28 February 2025

      Six months ended 28 February 2026

      Profit for the period

      249,282

      302,143

      Other comprehensive income, net of income tax

      Items that may be reclassified subsequently to profit or loss

      Exchange differences on translating foreign operations

      265

      121,908

      Cash flow hedges

      70,632

      79,320

      Share of other comprehensive income/(loss) of associates

      (154)

      260

      Total items that may be reclassified subsequently to profit or loss

      70,743

      201,489

      Other comprehensive income net of income tax

      70,743

      201,489

      Total comprehensive income for the period

      320,025

      503,633

      Attributable to:

      Owners of the Parent

      302,497

      476,884

      Non-controlling interests

      17,527

      26,748

      Total comprehensive income for the period

      320,025

      503,633

    3. Interim Condensed Consolidated Statement of Changes in Equity

      For the six months ended 28 February 2025

      (Millions of yen)

      Other components of equity

      Note

      Capital stock

      Capital surplus

      Retained earnings

      Treasury stock, at cost

      Financial assets measured at fair value

      through other comprehensive income / (loss)

      Foreign currency translation reserve

      Cash flow hedge reserve

      Share of other comprehensive income of associates

      Equity attributable to owners of the Parent

      Non-controlling interests

      Total equity

      Total

      As at 1 September 2024

      10,273

      29,712

      1,766,073

      (14,628)

      (17)

      140,747

      84,069

      305

      225,104

      2,016,535

      51,718

      2,068,254

      Net changes during the period

      Comprehensive income

      Profit for the period

      -

      -

      233,566

      -

      -

      -

      -

      -

      -

      233,566

      15,715

      249,282

      Other comprehensive

      income / (loss)

      -

      -

      -

      -

      -

      1,637

      67,448

      (154)

      68,930

      68,930

      1,812

      70,743

      Total comprehensive income / (loss)

      -

      -

      233,566

      -

      -

      1,637

      67,448

      (154)

      68,930

      302,497

      17,527

      320,025

      Transactions with the owners of

      the Parent

      Acquisition of treasury stock

      -

      -

      -

      (2)

      -

      -

      -

      -

      -

      (2)

      -

      (2)

      Disposal of treasury stock

      -

      850

      -

      65

      -

      -

      -

      -

      -

      916

      -

      916

      Dividends

      -

      -

      (69,016)

      -

      -

      -

      -

      -

      -

      (69,016)

      (6,647)

      (75,663)

      Share-based payments

      -

      (231)

      -

      -

      -

      -

      -

      -

      -

      (231)

      -

      (231)

      Transfer to non-financial

      assets

      -

      -

      -

      -

      -

      -

      (54,396)

      -

      (54,396)

      (54,396)

      (190)

      (54,586)

      Total transactions with the owners of the Parent

      -

      619

      (69,016)

      62

      -

      -

      (54,396)

      -

      (54,396)

      (122,731)

      (6,837)

      (129,568)

      Total net changes during the period

      -

      619

      164,550

      62

      -

      1,637

      13,051

      (154)

      14,534

      179,766

      10,690

      190,456

      As at 28 February 2025

      10,273

      30,332

      1,930,623

      (14,566)

      (17)

      142,384

      97,120

      150

      239,638

      2,196,302

      62,409

      2,258,711

      For the six months ended 28 February 2026

      (Millions of yen)

      Other components of equity

      Note

      Capital stock

      Capital surplus

      Retained earnings

      Treasury stock, at cost

      Financial assets measured at fair value

      through other comprehensive income / (loss)

      Foreign currency translation reserve

      Cash flow hedge reserve

      Share of other comprehensive income of associates

      Equity attributable to owners of the Parent

      Non-controlling interests

      Total equity

      Total

      As at 1 September 2025

      10,273

      30,998

      2,056,437

      (14,529)

      47

      136,519

      52,900

      469

      189,936

      2,273,115

      54,385

      2,327,501

      Net changes during the period

      Comprehensive income

      Profit for the period

      -

      -

      279,290

      -

      -

      -

      -

      -

      -

      279,290

      22,852

      302,143

      Other comprehensive

      income / (loss)

      -

      -

      -

      -

      -

      117,777

      79,556

      260

      197,594

      197,594

      3,895

      201,489

      Total comprehensive income / (loss)

      -

      -

      279,290

      -

      -

      117,777

      79,556

      260

      197,594

      476,884

      26,748

      503,633

      Transactions with the owners of

      the Parent

      Acquisition of treasury stock

      -

      -

      -

      (0)

      -

      -

      -

      -

      -

      (0)

      -

      (0)

      Disposal of treasury stock

      -

      361

      -

      26

      -

      -

      -

      -

      -

      388

      -

      388

      Dividends

      -

      -

      (79,772)

      -

      -

      -

      -

      -

      -

      (79,772)

      (5,213)

      (84,986)

      Share-based payments

      -

      292

      -

      -

      -

      -

      -

      -

      -

      292

      -

      292

      Transfer to non-financial

      assets

      -

      -

      -

      -

      -

      -

      (38,447)

      -

      (38,447)

      (38,447)

      90

      (38,356)

      Payment from non-controlling

      shareholders

      -

      -

      -

      -

      -

      -

      -

      -

      -

      -

      12

      12

      Total transactions with the owners of the Parent

      -

      654

      (79,772)

      25

      -

      -

      (38,447)

      -

      (38,447)

      (117,540)

      (5,110)

      (122,650)

      Total net changes during the period

      -

      654

      199,517

      25

      -

      117,777

      41,109

      260

      159,147

      359,344

      21,637

      380,982

      As at 28 February 2026

      10,273

      31,652

      2,255,954

      (14,504)

      47

      254,296

      94,010

      729

      349,083

      2,632,460

      76,022

      2,708,483

    4. Interim Condensed Consolidated Statement of Cash Flows

      (Millions of yen)

      Notes

      Six months ended 28 February 2025

      Six months ended 28 February 2026

      Cash flows from operating activities

      Profit before income taxes

      363,724

      428,805

      Depreciation and amortization

      107,905

      115,325

      Impairment losses

      653

      473

      Interest and dividend income

      (33,921)

      (30,246)

      Interest expenses

      6,324

      7,081

      Foreign exchange losses / (gains)

      (31,910)

      (4,973)

      Share of (profit) / loss of associates accounted for using the

      equity method

      (1,499)

      (1,234)

      Losses on disposal of property, plant and equipment

      631

      762

      (Increase) / Decrease in trade and other receivables

      13,315

      9,707

      (Increase) / Decrease in inventories

      13,509

      31,511

      Increase / (Decrease) in trade and other payables

      (41,996)

      18,621

      (Increase) / Decrease in other assets

      (1,665)

      (916)

      Increase / (Decrease) in other liabilities

      (2,444)

      28,193

      Others, net

      (15,392)

      (27,173)

      Cash generated from operations

      377,234

      575,938

      Interest and dividends income received

      34,296

      34,100

      Interest paid

      (6,339)

      (7,179)

      Income taxes paid

      (108,364)

      (106,735)

      Income taxes refunded

      1,400

      2,889

      Net cash generated by operating activities

      298,228

      499,013

      Cash flows from investing activities

      Amounts deposited into bank deposits with original

      maturities of three months or longer

      (481,003)

      (994,144)

      Amounts withdrawn from bank deposits with original

      maturities of three months or longer

      295,190

      801,746

      Payments for property, plant and equipment

      (79,696)

      (40,432)

      Payments for intangible assets

      (14,876)

      (11,878)

      Payments for acquisition of right-of-use assets

      (14,474)

      (927)

      Payments for acquisition of investments

      (217,847)

      (220,268)

      Proceeds from sale and redemption of investments

      140,510

      284,999

      Payments for lease and guarantee deposits

      (2,881)

      (2,659)

      Proceeds from collection of lease and guarantee deposits

      3,509

      2,674

      Investments in associates accounted for using the equity

      method

      (15,079)

      -

      Others, net

      4,521

      1,721

      Net cash used in investing activities

      (382,127)

      (179,167)

      (Millions of yen)

      Notes

      Six months ended 28 February 2025

      Six months ended 28 February 2026

      Cash flows from financing activities

      Proceeds from short-term loans payable

      -

      599

      Repayment of short-term loans payable

      (15)

      (1,525)

      Redemption of corporate bonds

      -

      (70,000)

      Dividends paid to owners of the Parent

      (69,005)

      (79,762)

      Dividends paid to non-controlling interests

      (9,199)

      (5,213)

      Repayments of lease liabilities

      (72,083)

      (71,581)

      Others, net

      62

      19

      Net cash used in financing activities

      (150,242)

      (227,463)

      Effect of exchange rate changes on the balance of cash held in foreign currencies

      17,912

      54,882

      Net increase / (decrease) in cash and cash equivalents

      (216,229)

      147,265

      Cash and cash equivalents at the beginning of period

      1,193,560

      893,239

      Cash and cash equivalents at the end of period

      977,330

      1,040,505

    5. Notes to assumption of going concern

      Not applicable.

    6. Notes to the Interim Condensed Consolidated Financial Statements

      The interim condensed consolidated financial statements were prepared in accordance with the Article 5-2 of the Tokyo Stock Exchange's standard for preparation of quarterly financial statements, omitting certain disclosures, which are required in accordance with International Auditing Standard 34 "Interim Financial Reporting", under the Article 5-5 of the Tokyo Stock Exchange's standard for preparation of quarterly financial statements.

      1. Segment Information

        1. Description of reportable segments

          The Group's reportable segments are components for which discrete financial information is available. The segments are reviewed regularly by the Board of Directors (the "Board") to make decisions about the allocation of resources and to assess performance.

          The Group's main retail clothing business is divided into four reportable operating segments: UNIQLO Japan, UNIQLO International, GU and Global Brands, each of which is used to frame and form the Group's strategy.

          The main businesses covered by each reportable segment are as follows:

          UNIQLO Japan

          : UNIQLO clothing business within Japan

          UNIQLO International

          : UNIQLO clothing business outside of Japan

          GU

          : GU clothing business in Japan and overseas

          Global Brands

          : Theory, PLST, COMPTOIR DES COTONNIERS and PRINCESSE TAM. TAM clothing businesses

        2. Segment revenue and results

          For the six months ended 28 February 2025

          (Millions of yen)

          Reportable segments

          Others (Note 1)

          Adjustments (Note 2)

          Interim Condensed Consolidated Statement of Profit or

          Loss

          UNIQLO

          Japan

          UNIQLO

          International

          GU

          Global Brands

          Total

          Revenue

          541,545

          1,014,155

          165,844

          67,792

          1,789,338

          859

          -

          1,790,198

          Operating profit / (loss)

          97,669

          168,548

          13,910

          948

          281,076

          106

          23,033

          304,217

          Segment income / (loss) (i.e., Profit / (loss)

          before income taxes)

          100,453

          170,539

          15,223

          873

          287,089

          106

          76,527

          363,724

          Other disclosure: Impairment losses

          223

          316

          88

          25

          653

          -

          -

          653

          (Note 1) "Others" includes the real estate leasing business, etc.

          (Note 2) "Adjustments" mainly includes revenue and corporate expenses which are not allocated to individual reportable segments.

          For the six months ended 28 February 2026

          (Millions of yen)

          Reportable segments

          Others (Note 1)

          Adjustments (Note 2)

          Interim Condensed Consolidated Statement of Profit or Loss

          UNIQLO

          Japan

          UNIQLO

          International

          GU

          Global Brands

          Total

          Revenue

          581,740

          1,241,377

          168,476

          62,712

          2,054,306

          920

          -

          2,055,227

          Operating profit / (loss)

          111,443

          234,134

          16,460

          (181)

          361,856

          61

          38,748

          400,666

          Segment income / (loss) (i.e., Profit / (loss)

          before income taxes)

          113,494

          235,349

          16,554

          (462)

          364,935

          61

          63,807

          428,805

          Other disclosure: Impairment losses

          29

          169

          97

          173

          470

          -

          3

          473

          (Note 1) "Others" includes the real estate leasing business, etc.

          (Note 2) "Adjustments" mainly includes revenue and corporate expenses which are not allocated to individual reportable segments.

      2. Revenue

        The Group conducts its global retail operations through both physical stores and e-commerce channels. The following is a breakdown of total revenue by major regional market operation.

        Six months ended 28 February 2025

        Revenue (Millions of yen)

        Percentage of Total (%)

        Japan

        541,545

        30.3

        Greater China

        361,705

        20.2

        South Korea, Southeast Asia, India & Australia

        320,496

        17.9

        North America

        137,365

        7.7

        Europe

        194,588

        10.9

        UNIQLO (Note 1)

        1,555,701

        86.9

        GU (Note 2)

        165,844

        9.3

        Global Brands (Note 3)

        67,792

        3.8

        Others (Note 4)

        859

        0.0

        Total

        1,790,198

        100.0

        (Note 1) Revenue is classified by nation or region based on customer location.

        The designated countries and regions are classified as follows:

        Greater China

        :

        Mainland China, Hong Kong, Taiwan

        South Korea, Southeast Asia, India & Australia

        :

        South Korea, Singapore, Malaysia, Thailand, the Philippines,

        Indonesia, Australia, Vietnam, India

        North America

        :

        United States of America, Canada

        Europe

        :

        United Kingdom, France, Germany, Belgium, Spain, Sweden,

        the Netherlands, Denmark, Italy, Poland, Luxembourg

        (Note 2) Main national and regional market: Japan

        (Note 3) Main national and regional markets: North America, Europe, Greater China, Japan (Note 4) The "Others" category includes real estate leasing operations.

        Six months ended 28 February 2026

        Revenue (Millions of yen)

        Percentage of Total (%)

        Japan

        581,740

        28.3

        Greater China

        387,773

        18.9

        South Korea, Southeast Asia, India & Australia

        409,061

        19.9

        North America

        177,570

        8.6

        Europe

        266,971

        13.0

        UNIQLO (Note 1)

        1,823,117

        88.7

        GU (Note 2)

        168,476

        8.2

        Global Brands (Note 3)

        62,712

        3.1

        Others (Note 4)

        920

        0.0

        Total

        2,055,227

        100.0

        (Note 1) Revenue is classified by nation or region based on customer location.

        The designated countries and regions are classified as follows:

        Greater China

        :

        Mainland China, Hong Kong, Taiwan

        South Korea, Southeast Asia, India & Australia

        :

        South Korea, Singapore, Malaysia, Thailand, the Philippines,

        Indonesia, Australia, Vietnam, India

        North America

        :

        United States of America, Canada

        Europe

        :

        United Kingdom, France, Germany, Belgium, Spain, Sweden,

        the Netherlands, Denmark, Italy, Poland, Luxembourg

        (Note 2) Main national and regional market: Japan

        (Note 3) Main national and regional markets: North America, Europe, Grater China, Japan (Note 4) The "Others" category includes real estate leasing operations.

      3. Selling, general and administrative expenses

        The breakdown of selling, general and administrative expenses for each reporting period is as follows:

        (Millions of yen)

        Six months ended 28 February 2025

        Six months ended 28 February 2026

        Selling, general and administrative expenses

        Advertising and promotion

        60,282

        64,712

        Rent expenses

        65,807

        75,310

        Depreciation and amortization

        107,115

        113,962

        Outsourcing

        35,373

        39,663

        Salaries

        234,107

        262,811

        Distribution

        76,533

        88,768

        Others

        73,935

        79,382

        Total

        653,155

        724,610

      4. Other income and other expenses

        The breakdown of other income and other expenses for each reporting period is as follows:

        (Millions of yen)

        Six months ended 28 February 2025

        Six months ended 28 February 2026

        Other income

        Foreign exchange gains (Note)

        994

        12,081

        Others

        2,704

        3,218

        Total

        3,699

        15,300

        (Note) Foreign exchange gains incurred in the course of operating transactions are included in "Other income".

        (Millions of yen)

        Six months ended 28 February 2025

        Six months ended 28 February 2026

        Other expenses

        Loss on retirement of property, plant and equipment

        631

        762

        Impairment losses

        653

        473

        Others

        1,367

        1,594

        Total

        2,653

        2,831

      5. Finance income and finance costs

        The breakdown of finance income and finance costs for each reporting period is as follows:

        (Millions of yen)

        Six months ended 28 February 2025

        Six months ended 28 February 2026

        Finance income

        Foreign exchange gains (Note)

        31,910

        4,973

        Interest income

        33,921

        30,246

        Others

        0

        0

        Total

        65,832

        35,219

        (Note) Foreign exchange gains incurred in the course of non-operating transactions are included in "Finance income".

        (Millions of yen)

        Six months ended 28 February 2025

        Six months ended 28 February 2026

        Finance costs

        6,324

        7,081

        Interest expenses

        Total

        6,324

        7,081

      6. Earnings per share

        Six months ended 28 February 2025

        Six months ended 28 February 2026

        Equity per share attributable to owners of the Parent (Yen)

        7,158.97

        Equity per share attributable to owners of the Parent (Yen)

        8,579.27

        Basic earnings per share for the period

        (Yen)

        761.38

        Basic earnings per share for the period

        (Yen)

        910.25

        Diluted earnings per share for the period

        (Yen)

        760.21

        Diluted earnings per share for the period

        (Yen)

        909.00

        (Note) The basis for calculation of basic earnings per share and diluted earnings per share is as follows:

        Six months ended 28 February 2025

        Six months ended 28 February 2026

        Basic earnings per share for the period

        Profit for the period attributable to owners of the Parent (Millions of yen)

        233,566

        279,290

        Profit not attributable to common shareholders (Millions of yen)

        -

        -

        Profit attributable to common shareholders (Millions of yen)

        233,566

        279,290

        Average number of common stock outstanding during the period (Shares)

        306,767,976

        306,829,054

        Diluted earnings per share for the period

        Adjustment to profit (Millions of yen)

        -

        -

        Increase in number of common stock (Shares)

        471,101

        422,319

        (Number of share subscription rights included in the increase)

        (471,101)

        (422,319)

      7. Subsequent events Not applicable.

  3. Resumption of Trading

At the request of the Company, trading in its Hong Kong depositary receipts on the Stock Exchange was halted with effect from 1:00

p.m. on Thursday, 9 April 2026, pending the release of this announcement. An application will be made by the Company to the Stock Exchange for resumption of trading in the Hong Kong depositary receipts with effect from 9:00 a.m. on Friday, 10 April 2026.

On behalf of the Board

FAST RETAILING CO., LTD.

Tadashi Yanai

Chairman, President and Chief Executive

Officer

Japan, 9 April 2026

As at the date of this announcement, the Executive Directors are Tadashi Yanai, Takeshi Okazaki, Kazumi Yanai, Koji Yanai, and Daisuke Tsukagoshi, and the Independent Non-executive Directors are Masaaki Shintaku, Naotake Ono, Kathy Mitsuko Koll (aka Kathy Matsui), Joji Kurumado, Yutaka Kyoya, and Takeshi Kunibe.

-