UNIQLO 2023 Financial Report: Greater China Has Set A New Record, With Both Revenue And Profit Increasing Significantly

On October 12, Uniqlo (demand area: 1000-2000 square meters, brands on the Q4 hot search brand list in 2021, representative projects: Nanjing Deji Plaza Phase I, Suzhou Kunshan Jiufang Shopping Center, etc.), the parent company of Fast Retailing Group, announced its financial year 2023 performance.

The financial report shows that in the 12 months up to the end of August this year, the comprehensive income of Fast Retailing Group rose 20.2% to 2.76 trillion yen, equivalent to about 134.6 billion yuan (1 yen ≈ 0.0488 yuan, the same below), a record high, and the comprehensive operating profit rose 28.2% to 381 billion yen (about 18.6 billion yuan), The profit attributable to owners of the parent company increased by 8.4% to 296.2 billion yen (about 14.4 billion yuan).

In terms of the overseas UNIQLO business segment, the total revenue of this fiscal year was 1.44 trillion yen (about 70.2 billion yuan), up 28.5% year on year, and the total operating profit was 226.9 billion yen (about 11.1 billion yuan), up 43.3% year on year, with a record performance. In the local market of Japan, UNIQLO's total revenue in this fiscal year was 890.4 billion yen (about 43.4 billion yuan), up 9.9% year on year.

Uniqlo's overseas market performance not only exceeded the local market again, but also accounted for more than 50% of the group's business for the first time.

Among them, the revenue of Greater China was 620.2 billion yen (about 30.2 billion yuan), up 15.2% year on year; Operating profit was 104.3 billion yen (about 5.1 billion yuan), up 25.0% year on year. Both revenue and profit increased significantly, and it is still the second largest market for fast selling. In the second half of the year, the performance of the Greater China region rebounded beyond expectations and hit a new record in the whole fiscal year.

In addition, the total revenue of Fast Selling GU Business Unit in 2023 was 295.2 billion yen, up 20.0% year on year, and the total operating profit was 26.1 billion yen, up 56.8% year on year.

For the fiscal year 2024, Fast Retailing expects its annual comprehensive income to reach 3.05 trillion yen, up 10.2% year on year; The profit attributable to the owner of the parent company will reach 310 billion yen, up 4.6% year on year. In terms of the total number of stores, it is expected that the number of stores of Uniqlo business divisions in Japan will be 800, the number of stores of overseas Uniqlo business divisions will reach 1744, the number of stores of GU business divisions will reach 480, the number of stores of global brand business divisions will reach 636, and the total number of stores of all brands under the Group will reach 3660.