The company as a whole reported consolidated revenue up 17.1% for the YTD at JPY4.06tn ($18.9bn) with profit up 25.6% to JPY426bn ($2.6bn). In Q3 alone, Uniqlo Japan accounted for revenue of JPY285.9bn ($1.8bn), up 10% and profit up 18.3% to JPY62.2bn ($383mn) as sales of bottoms proved strong. Uniqlo International saw revenue up 33.8% to JPY592.6bn ($3.6bn) with profit surging 65.2% to JPY112.3bn ($692mn), helped by ongoing store openings and product launches.
GU, the company’s youth-focused brand was the strongest of the other brands as it saw revenue up 7.5% to JPY97.1bn ($598mn), but ‘business profit’ jumped 36.7% to JPY16.3bn ($100mn) in Q3. For the nine months, revenue totalled JPY265.6bn ($1.6bn) (+3.7%) and business profit was JPY32.1bn ($198mn) (+28%).
Meanwhile at the Global Brands division, in the three months, revenue increased to JPY33.6bn ($207mn) (+2.5%) and business profit increased to JPY2.6bn ($16mn) (+48.3%). The Theory business - which shares many retail spaces with the much larger Uniqlo - is currently undergoing structural reform and posted a decline in revenue.
