Uniqlo sees profits soar in China despite Beijing-Tokyo tensions
Fast Retailing, the parent company of Japanese clothing retailer Uniqlo, has defied the ongoing political tensions between Beijing and Tokyo and soft consumer sentiment in China to log a rebound in sales and profits on the Chinese mainland. The Japanese firm said the 2026 financial year, which ended in August, had been a period in which its mainland China business had “made steady progress, with…
Fast Retailing, the parent company of Uniqlo, has reported a rebound in sales and profits in China despite ongoing political tensions between Beijing and Tokyo. The company's 2026 financial year, which ended in August, saw a 3% increase in full-year revenue and an 18% rise in profits on the Chinese mainland. This growth was attributed to structural reforms, including a revamp of the store network with a focus on site selection and operational efficiency.
The Greater China region, which includes mainland China, Hong Kong, and Taiwan, was the group's second-largest market globally, with total sales hitting 724 billion Japanese yen, up 11.3% year on year. Uniqlo's Hong Kong-listed shares have also risen 34% this year, trading at HK$37.30 on Thursday. Despite the political tensions, the company's performance has been well-received in the market.
Brief written by urgent.news from SCMP Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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