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Uniqlo International Revenue Soars 47% in Q1

Japanese retail holding group and operator of Uniqlo and Global Brands, Fast Retailing Co., released its first quarter results for the 2015 fiscal year, from September to November 2014, on Thursday, reporting an impressive growth in revenue for Uniqlo International of 47.3% year-on-year to 168 billion Japanese yen ($1.4 billion).

Its operating profit also increased 57.2% year-on-year to 24.3 billion yen ($204.4 million), thanks to a continued strong performance in Greater China and South Korea.

The total number of Uniqlo International stores expanded to 695 at the end of November, an increase of 183 stores since November 2013.

Uniqlo International includes stores in Greater China, South Korea, Southeast Asia and Oceania, with European locations in the U.K., France, Russia and Germany.

The company reported an overall gain in both revenue and profit across all three businesses in Q1.

The report also announced a higher than expected rise in revenue and profit in Uniqlo Japan, with revenue up 11.6% year-on-year to 232.6 billion yen ($2 billion) and operating profit expanding 21.3% year-on-year to 51.1 billion yen ($429.8 million).

Fast Retailing’s Global Brands sector reported growth in revenue and profit, as expected, revenue increased 18.6% year-on-year to 78.1 billion yen ($657 million) and operating profit up 30.4% year-on-year to 9.5 billion yen ($80 million).

During 2015, the company anticipates an increase in revenue of 15.7% to 1.6 trillion yen ($13.5 billion) and a growth in operating profit by 38 percent to 180 billion yen ($1.5 billion).