Interim report
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－ 1 － Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. Consolidated Financial Results for the Fiscal Year Ended August 31, 2026 (Under IFRS) October 8, 2026 Company name FAST RETAILING CO., LTD. Stock exchange listings: Tokyo Prime Securities code 9983 URL https://www.fastretailing.com/jp/ Representative (Title) Chairman, President and CEO (Name) Tadashi Yanai Inquiries (Title) Group Senior Executive Officer & CFO (Name) Takeshi Okazaki Tel 03－6865－0050 Annual general meeting of shareholders date (as planned) November 26, 2026 Dividend payable date (as planned) November 6, 2026 Annual statement filing date (as planned) November 27, 2026 Supplemental material of results ：Yes Convening briefing of results ：Yes (For analysts) (Amounts are rounded down to the nearest million Japanese yen unless otherwise stated) 1. CONSOLIDATED RESULTS (1) Consolidated Business Results (1 September 2025 to 31 August 2026) (Percentages represent year-on-year changes) Revenue Business profit Operating profit Profit before income taxes Millions of yen % Millions of yen % Millions of yen % Millions of yen % Year ended 31 August 2026 3,963,389 16.6 718,499 30.4 743,128 31.7 802,505 23.4 Year ended 31 August 2025 3,400,539 9.6 551,156 13.6 564,265 12.6 650,574 16.8 (Note) Business profit = Revenue - Cost of sales - Selling, general, and administrative expenses Profit for the year Profit attributable to owners of the Parent Total comprehensive income for the year Basic earnings per share Diluted earnings per share Millions of yen % Millions of yen % Millions of yen % Yen Yen Year ended 31 August 2026 584,141 27.2 542,516 25.3 878,726 72.4 1,768.08 1,765.70 Year ended 31 August 2025 459,153 16.7 433,009 16.4 509,673 17.1 1,411.44 1,409.32
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－ 2 － Ratio of profit to equity attributable to owners of the Parent Ratio of profit before income taxes to total assets Ratio of operating profit to revenue % % % Year ended 31 August 2026 21.2 19.1 18.7 Year ended 31 August 2025 20.2 17.5 16.6 (References) Share of profits and losses of associates accounted for using the equity method Year ended 31 August 2026: 780 million yen Year ended 31 August 2025: 1,704 million yen (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 31 August 2026 4,549,464 2,912,153 2,845,897 62.6 9,274.27 As at 31 August 2025 3,859,353 2,327,501 2,273,115 58.9 7,408.65 (3) Consolidated Cash Flows Net cash generated by operating activities Net cash used in investing activities Net cash used in financing activities Cash and cash equivalents at the end of year Millions of yen Millions of yen Millions of yen Millions of yen Year ended 31 August 2026 788,587 (316,889) (429,065) 1,007,586 Year ended 31 August 2025 580,618 (578,922) (339,139) 893,239 2. DIVIDENDS Dividends per share Total dividends (annual) Payout ratio (consolidated) Ratio of dividends to equity attributable to owners of the Parent (consolidated) First quarter period end Second quarter period end Third quarter period end Year- end Full year Yen Yen Yen Yen Yen Millions of Yen % % Year ended 31 August 2025 － 240.00 － 260.00 500.00 153,402 35.4 7.2 Year ended 31 August 2026 － 320.00 － 530.00 850.00 260,824 48.1 10.2 Year ending 31 August 2027 (forecast) － 450.00 － 450.00 900.00 49.3
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－ 3 － 3. CONSOLIDATED BUSINESS RESULTS PROJECTION FOR YEAR ENDING 31 AUGUST 2027 (1 SEPTEMBER 2026 TO 31 AUGUST 2027) (% shows rate of increase/decrease from previous year) Revenue Business profit Operating profit Profit before income taxes Millions of yen % Millions of yen % Millions of yen % Millions of yen % Year ending 31 August 2027 4,450,000 12.3 830,000 15.5 830,000 11.7 880,000 9.7 Profit attributable to owners of the Parent Basic earnings per share attributable to owners of the Parent Millions of yen % Yen Year ending 31 August 2027 560,000 3.2 1,825.06 * Notes (1) Significant changes in the scope of consolidation during the year None (2) Changes in accounting policies and accounting estimates: (i) Changes in accounting policies to conform with IFRS Accounting Standards (“IFRS”): 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 31 August 2026 318,220,968 shares As at 31 August 2025 318,220,968 shares (ii) Number of treasury stock As at 31 August 2026 11,361,403 shares As at 31 August 2025 11,401,789 shares (iii) Average number of issued shares For the year ended 31 August 2026 306,840,049 shares For the year ended 31 August 2025 306,786,602 shares (REFERENCE INFORMATION) NON-CONSOLIDATED RESULTS The non-consolidated financial results were prepared in accordance with generally accepted accounting principles in Japan. (1) Non-consolidated Business Results (1 September 2025 to 31 August 2026) (Percentages represent year-on-year changes) Net sales Operating profit Ordinary profit Profit Millions of yen % Millions of yen % Millions of yen % Millions of yen % Year ended 31 August 2026 469,650 (7.0) 338,121 (11.2) 343,213 (19.1) 344,920 (8.6) Year ended 31 August 2025 505,053 15.3 380,827 17.7 424,463 26.5 377,566 23.3 Earnings per share Diluted earnings per share Yen Yen Year ended 31 August 2026 1,124.10 1,122.59 Year ended 31 August 2025 1,230.71 1,228.87
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－ 4 － (2) Non-consolidated Financial Position Total assets Net assets Ratio of shareholders’ equity to total assets Net assets per share Millions of yen Millions of yen % Yen As at 31 August 2026 1,955,109 1,620,222 82.5 5,256.20 As at 31 August 2025 1,818,592 1,451,901 79.5 4,710.22 (References) Shareholders’ equity As at 31 August 2026: 1,612,915 million yen As at 31 August 2025: 1,445,186 million yen * This annual results announcement is not subject to auditing 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.
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－ 5 － 1. Business Results (1) Analysis of Business Results for the year ended 31 August 2026 The Fast Retailing Group reported a large increase in revenue and profits in fiscal 2026, or the twelve months from 1 September 2025 to 31 August 2026, with revenue rising to 3.9633 trillion yen (+16.6% year-on-year) and business profit, which is calculated by subtracting cost of sales and selling, general and administrative expenses from consolidated revenue and is therefore an accurate measure of actual profit from business, totaling 718.4 billion yen (+30.4% year-on-year). This marks the fifth year of consecutive record performances. UNIQLO operations in all regions achieved year -on-year revenue and profit gains in fiscal 2026, as we continued to open high-quality stores that effectively convey the value of LifeWear, alongside strategically enhancing coordination between products, store displays, and customer communications. We recorded 59.3 billion yen in finance income net of costs, consisting of 52.2 billion yen in net interest income and 7.1 billion yen in foreign exchange gains on foreign-currency denominated assets. As a result, profit before income taxes increased to 802.5 billion yen (+23.4% year-on-year) and profit attributable to owners of the Parent expanded to 542.5 billion yen (+25.3% year-on-year) in the twelve months to 31 August 2026. Capital expenditure totaled 112.7 billion yen in fiscal 2026, with 11.3 billion yen of that total being spent at UNIQLO Japan, 68.8 billion yen at UNIQLO International, 3.8 billion yen at GU, 1.8 billion yen at Global Brands, and 26.7 billion yen on systems, etc. We are conducting active growth investments in various areas including new store openings and automated warehouses in order to grow our operations on a global scale. The Fast Retailing Group is focusing on a number of areas as part of our endeavor to become the global No.1 brand; an essential part of everyday life that is trusted by all customers around the world. These measures include (1) Training personnel to sup port global growth, (2) Pursuing a business model in which the development of business contributes to sustainability, (3) Meeting customer needs and creating new customers, (4) Diversifying Group and global earnings pillars, and (5) Establishing earnings and cost structures to suit an inflationary era. In particular, we aim to continue to open new high -quality stores and enhance 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 achieved a record performance in fiscal 2026, after reporting year -on-year revenue and profit gains. UNIQLO Japan revenue totaled 1.0848 trillion yen (+5.7% year-on-year) and business profit expanded to 196.0 billion yen (+8.1% year-on- year). Full-year same-store sales expanded by 5.1% year -on-year, with the buoyant sales performance being driven by highly functional ranges, such as Ultra Stretch Pants and UV Protection items, and products that reflected on -trend silhouettes, such as Barrel Pants. The gross profit margin contracted by 0.1 point year -on-year. In the first half from 1 September 2025 through 28 February 2026, the gross profit margin contracted by 0.2 points after a weakening in yen rates on forward exchange contracts used for procurement purposes inflated the cost of sales ratio. However, that was followed by a 0.3 point improvement in the gross profit margin in the second half of the year, from March 1, 2026 through August 31, 2026. While yen rates on the forward exchange contracts used for procurement purposes weakened during the second half, the volume of additional production orders decreased, reducing the impact of spot exchange rates and improving the cost of sales ratio. Meanwhile, the selling, general and administrative expense ratio improved by 0.4 points to 32.6%, due to lower personnel and store rent expense ratios primarily in the first half of the year. UNIQLO International UNIQLO International reported a record high performance in fiscal 2026 on the back of significant increases in both revenue and profit, with revenue rising to 2.4111 trillion yen (+26.2% year -on-year) and business profit expanding to 439.8 billion yen (+44.1% year-on-year). The business profit margin also improved following the reporting of double-digit revenue and profit growth across all regional operations. Breaking down the UNIQLO International performance into individual regions and markets, the Greater China region reported revenue totaling 724.0 billion yen (+11.3% year-on-year) and business profit totaling 112.0 billion yen (+24.6% year-on-year). For the Mainland China market, fiscal 2026 was a year in which structural operational reforms made steady progress, with encouraging signs indicating a return to growth. In local currency terms, full -year revenue from that market increased by approximately 3% year-on-year, and business profit increased by roughly 18% year -on-year. The Hong Kong and Taiwan markets both reported increases in full-year revenue and profit in fiscal 2026. South Korea and the Southeast Asia, India & Australia region reported combined revenue of 809.4 billion yen (+30.7% year-on- year) and business profit of 168.3 billion yen (+44.0% year-on-year). South Korea reported double-digit revenue and profit growth. That strong result was underpinned by further growth in local customer support for LifeWear, alongside a greater strategic coordination of products, store displays, and communication of information. The Southeast Asia, India & Australia region reported
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－ 6 － double-digit revenue and profit growth. In that region, consistent strong growth is being driven by improved product lineups and sales planning. Meanwhile, North America’s revenue totaled 364.9 billion yen (+34.6% year -on-year) and business profit rose to 67.9 billion yen (+53.3% year-on-year), while Europe’s revenue totaled 512.6 billion yen (+38.7% year-on-year) and business profit expanded to 91.7 billion yen (+69.0% year-on-year). For the first time, combined sales from North America and Europe outperformed those of the Greater China region, and also outperformed those of the South Korea, the Southeast Asia, India & Australia region; proving that North America and Europe have grown into substantial pillars driving Group growth. Customer support for LifeWear in North America and Europe was boosted through the opening of flagship stores and effective brand communication, as well as through the release of new products that incorporated on-trend features, such as Barrel Pants and sweatshirts/pants, which helped to attract new customers. Both these factors contributed to continued strong growth in North America and Europe. GU GU reported an increase in revenue and a large expansion in profits in fiscal 2026, with revenue reaching 336.7 billion yen (+1.8% year-on-year) and business profit rising to 31.5 billion yen (+11.0% year-on-year). The fourth quarter from 1 June 2026 to 31 August 2026 represented a transition period as GU renewed its product lineup for Fall Winter 2026. However, some product lineup balance issues remained as we also sought to satisfy demand for Summer items while launching Fall Winter items. As a result, sales struggled in the fourth quarter. While GU's business transformation process is still ongoing, the overall quality of GU operations improved throughout the year as we tightened the number of products on offer to focus on strong -selling items, and enhanced the precision of sales plans. Global Brands In fiscal 2026, the Global Brands reported a decline in revenue but an increase in profit, with revenue falling to 128.5 billion yen (−2.3% year-on-year) while business profit expanded to 2.8 billion yen (+6.8% year-on-year). The Theory business experienced a transition period as global structural reforms progressed, resulting in a decline in full-year revenue and a roughly steady level of profits in local currency terms. The decline in Theory business revenue occurred primarily in the first half of the year, due not only to a decline in the global wholesale business, but also to the closure of the e-commerce outlet site in the United States. Our PLST business reported higher revenue and profit in fiscal 2026, with sales of men’s items proving strong and e- commerce sales also driving performance. The Comptoir des Cotonniers/Princesse tam.tam business reported a decline in full- year revenue and a slight contraction in business losses in local currency terms. That was due to our decision to consolidate the store network and close unprofitable stores as part of the ongoing structural reform program, reducing the total number of stores from 98 stores at the end of August 2025 to 77 stores at the end of August 2026. Operating losses contracted significantly compared to the previous year, when an impairment loss was recorded. 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 environmental, human rights, and social considerations. The main sustainability activities in the fourth quarter from June 2026 to August 2026 are as follows. ■ Collaboration with the Los Angeles Dodgers to drive community engagement initiatives We consider coexistence and shared prosperity with the communities in which we operate to be one of our key management foundations. Through our partnership with the Los Angeles Dodgers, we work to provide learning opportunities, develop the next generation , and support local communities. In August 2026, we held an educational program at UNIQLO Field at Dodger Stadium for middle school students from Japan and Los Angeles to learn about the history of baseball, the sports business, sustainability, and other topics. We plan to continue the program, aiming to welcome 10,000 or more middle school students from Los Angeles over the next five years. We also provide opportunities for youth baseball players from Japan and the United States to interact through basebal l, learn through sports, and deepen cross -cultural understanding. Furthermore, “The Heart of LifeWear,” an initiative to deliver HEA TTECH and AIRism to people in need around the world, has been expanded to the Los Angeles area. We invited high school stude nts and their families from areas affected by the 2025 Los Angeles wildfires to a baseball game and donated AIRism T-shirts and other items to support the community. Going forward, we will continue to work with the Dodgers to support personal growth and co mmunity development through the power of sports and clothing, deepen our connection with customers and communities, and achieve sustainable growth in corporate value.
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－ 7 － ■ Disaster relief leveraging LifeWear and our global business network As a company that manufactures and sells clothing, which is one of the basic needs of life, we provide clothing to people affected by disasters and donate relief funds in response to disasters in Japan and overseas. In coordination with our stores , business network, and relevant partners in each region, we identify conditions and needs in affected areas to quickly provide support. In the fourth quarter of fiscal 2026, we donated clothing and relief funds following disasters such as an earthquake in the Phil ippines, flooding in Guangxi Zhuang Autonomous Region China, wildfires in France, the 2026 Kumamoto Earthquake, a hurricane in Hawaii, the United States, and flooding in Nepal and China. The publicly announced donations totaled approximately 122,000 items of clothing. In addition to clothing donations, we donated a total of approximately 521 million yen * as relief funds. We will continue to work with businesses and partners in each region to quickly identify conditions and needs in affected areas and provide necessary support. *Calculated based on the exchange rate at the time of each donation Good Corporate Governance To enable rapid and highly transparent management, we have a number of committees engaged in open and active discussions. The main company activities in the current fiscal year are as follows. In the Risk Management Committee, we continuously examine cybersecurity risks and countermeasures, and work to enhance our systems for preventing and detecting attacks, as well as for rapid response and recovery in the event of damage. In the Human Rights Committee, we reported the results of labor environment monitoring in our supply chain, shared findings from an employee human rights survey and information from our employee hotline, and discussed the respective challenges and our response policies. In the Nomination and Compensation Advisory Committee, we discussed candidates and the appropriate composition in preparation for the election of Directors and Audit & Supervisory Boa rd members.
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－ 8 － (2) Financial Positions Total assets as at 31 August 2026 were 4.5494 trillion yen, which was an increase of 690.1 billion yen relative to the end of the preceding fiscal year. The principal factors were an increase of 114.3 billion yen in cash and cash equivalents, an increase of 3.1 billion yen in t rade and other receivables , an increase of 237.4 billion yen in other current financial assets, an increase of 106.2 billion yen in inventories, an increase of 45.1 billion yen in property, plant and equipment, an increase of 64.5 billion yen in right- of-use assets, an increase of 59.7 billion yen in non-current financial assets, an increase of 5.0 billion yen in investments in associates accounted for using the equity method, an increase of 59.9 billion yen in derivative financial assets, and a decrease of 15.1 billion yen in deferred tax assets. Total liabilities as at 31 August 2026 were 1.6373 trillion yen, which was an increase of 105.4 billion yen relative to the end of the preceding fiscal year. The principal factors were an increase of 91.0 billion yen in trade and other payables, a decrease of 90.2 billion yen in other current financial liabilities, an increase of 37.3 billion yen in other current liabilities, a decrease of 12.7 billion yen in current tax liabilities, an increase of 74.8 billion yen in lease liabilities, a decrease of 9.6 billion yen in derivative financial liabilities, and an increase of 8.9 billion yen in deferred tax liabilities. Total net assets as at 31 August 2026 were 2.9121 trillion yen, which was an increase of 584.6 billion yen relative to the end of the preceding fiscal year. The principal factors were an increase of 364.5 billion yen in retained earnings, an increase of 206.8 billion yen in other components of equity, and an increase of 11.8 billion yen in non-controlling interests. (3) Cash Flows Information Cash and cash equivalents as at 31 August 2026 had increased by 114.3 billion yen from the end of the preceding fiscal year, to 1.0075 trillion yen. (Cash Flows from Operating Activities) Net cash generated by operating activities for the year ended 31 August 2026 was 788.5 billion yen (580.6 billion yen was generated during the year ended 31 August 2025). The principal factors were cash inflow from profit before income taxes for 802.5 billion yen, depreciation and amortization for 237.2 billion yen, and cash outflow from taxes paid for 239.1 billion yen. (Cash Flows from Investing Activities) Net cash used in investing activities for the year ended 31 August 2026 was 316.8 billion yen (578.9 billion yen was used during the year ended 31 August 2025). The principal factors were net increase of 277.4 billion yen in bank deposits with original maturities of three months or longer , a 79.9 billion yen in payments for acquisition of property, plant and equipment, and net proceeds of 69.9 billion yen for the acquisition, sale, and redemption of investments. (Cash Flows from Financing Activities) Net cash used in financing activities for the year ended 31 August 2026 was 429.0 billion yen (339.1 billion yen was used during the year ended 31 August 2025). The principal factors were 70.0 billion yen in redemption of corporate bonds, 177.9 billion yen in dividend payments, and 145.6 billion yen in repayments of lease liabilities.
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－ 9 － (4) Future Business Outlook In fiscal 202 7, the Fast Retailing Group expects to achieve consolidated revenue of 4.4500 trillion yen (+ 12.3% year-on-year), business profit of 830.0 billion yen (+15.5% year-on-year), profit before income taxes of 880.0 billion yen (+9.7% year-on-year), and profit attributable to owners of the Parent of 560.0 billion yen (+3.2% year-on-year). These consolidated estimates are based on foreign exchange rate assumptions of 1USD=156.2JPY , 1EUR=181.8JPY , and 1CNY=22.5JPY . We forecast the Fast Retailing Group network will t otal 3,545 stores by the end of August 202 7: 782 stores (including franchise stores) at UNIQLO Japan, 1,752 stores at UNIQLO International, 490 stores at GU, and 521 stores at Global Brands 2. Basic Concept Regarding Selection of Accounting Standards The Group has adopted IFRS to the Group’s consolidated financial statements since the year ended 31 August 2014.
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－ 10 － 3. Consolidated Financial Statements (1) Consolidated Statement of Financial Position (Millions of yen) Notes As at 31 August 2025 As at 31 August 2026 ASSETS Current assets Cash and cash equivalents 893,239 1,007,586 Trade and other receivables 96,407 99,595 Other financial assets 899,701 1,137,106 Inventories 510,958 617,243 Derivative financial assets 94,803 115,949 Income taxes receivable 8,042 17,236 Other assets 24,662 25,627 Total current assets 2,527,815 3,020,345 Non-current assets Property, plant and equipment 6 332,351 377,465 Right-of-use assets 6 477,111 541,642 Goodwill 8,092 8,092 Intangible assets 6 91,606 89,283 Financial assets 312,438 372,224 Investments in associates accounted for using the equity method 31,361 36,456 Deferred tax assets 40,889 25,750 Derivative financial assets 33,882 72,648 Other assets 6 3,803 5,554 Total non-current assets 1,331,538 1,529,119 Total assets 3,859,353 4,549,464 LIABILITIES AND EQUITY LIABILITIES Current liabilities Trade and other payables 390,149 481,242 Other financial liabilities 150,942 60,713 Derivative financial liabilities 19,250 12,646 Lease liabilities 126,830 135,305 Current tax liabilities 73,072 60,346 Provisions 1,651 1,569 Other liabilities 149,394 186,764 Total current liabilities 911,291 938,588 Non-current liabilities Financial liabilities 141,071 141,523 Lease liabilities 386,670 453,053 Provisions 55,711 61,361 Deferred tax liabilities 22,539 31,441 Derivative financial liabilities 12,110 9,083 Other liabilities 2,457 2,258 Total non-current liabilities 620,561 698,722 Total liabilities 1,531,852 1,637,311 EQUITY Capital stock 10,273 10,273 Capital surplus 30,998 32,314 Retained earnings 2,056,437 2,420,992 Treasury stock, at cost (14,529) (14,480) Other components of equity 189,936 396,797 Equity attributable to owners of the Parent 2,273,115 2,845,897 Non-controlling interests 54,385 66,256 Total equity 2,327,501 2,912,153 Total liabilities and equity 3,859,353 4,549,464
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－ 11 － (2) Consolidated Statement of Profit or Loss and Consolidated Statement of Comprehensive Income Consolidated Statement of Profit or Loss (Millions of yen) Notes Year ended 31 August 2025 Year ended 31 August 2026 Revenue 2 3,400,539 3,963,389 Cost of sales (1,571,681) (1,774,864) Gross profit 1,828,858 2,188,524 Selling, general and administrative expenses 3 (1,277,701) (1,470,025) Other income 4, 6 19,491 29,072 Other expenses 4, 6 (8,087) (5,224) Share of profit of associates accounted for using the equity method 1,704 780 Operating profit 564,265 743,128 Finance income 5 99,143 74,460 Finance costs 5 (12,834) (15,084) Profit before income taxes 650,574 802,505 Income tax expense (191,421) (218,364) Profit for the year 459,153 584,141 Profit for the year attributable to: Owners of the Parent 433,009 542,516 Non-controlling interests 26,143 41,624 Total 459,153 584,141 Earnings per share Basic (yen) 7 1,411.44 1,768.08 Diluted (yen) 7 1,409.32 1,765.70 Consolidated Statement of Comprehensive Income (Millions of yen) Notes Year ended 31 August 2025 Year ended 31 August 2026 Profit for the year 459,153 584,141 Other comprehensive income Items that will not be reclassified subsequently to profit or loss Financial assets measured at fair value through other comprehensive income / (loss) 64 3 Total items that will not be reclassified subsequently to profit or loss 64 3 Items that may be reclassified subsequently to profit or loss Exchange differences on translating foreign operations (4,609) 167,284 Cash flow hedges 54,901 127,051 Share of other comprehensive income /(loss) of associates 163 246 Total items that may be reclassified subsequently to profit or loss 50,455 294,582 Other comprehensive income, net of tax 50,520 294,585 Total comprehensive income for the year 509,673 878,726 Attributable to: Owners of the Parent 482,937 831,976 Non-controlling interests 26,736 46,750 Total comprehensive income for the year 509,673 878,726
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－ 12 － (3) Consolidated Statement of Changes in Equity For the year ended 31 August 2025 (Millions of yen) Note Capital stock Capital surplus Retained earnings Treasury stock, at cost Other components of equity Equity attributable to owners of the Parent Non- controlling interests Total equity Financial assets measured at fair value through other comprehensive income / (loss) Exchange differences on translating foreign operations Cash flow hedges Share of other comprehensive income / (loss) of associates 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 year Comprehensive income Profit for the year － － 433,009 － － － － － － 433,009 26,143 459,153 Other comprehensive income / (loss) － － － － 64 (4,228) 53,926 163 49,927 49,927 592 50,520 Total comprehensive income / (loss) － － 433,009 － 64 (4,228) 53,926 163 49,927 482,937 26,736 509,673 Transactions with the owners of the Parent Acquisition of treasury stock － － － (2) － － － － － (2) － (2) Disposal of treasury stock － 1,348 － 102 － － － － － 1,450 － 1,450 Dividends － － (142,646) － － － － － － (142,646) (23,872) (166,518) Share-based payments － (63) － － － － － － － (63) － (63) Transfer to non-financial assets － － － － － － (85,095) － (85,095) (85,095) (197) (85,293) Total transactions with the owners of the Parent － 1,285 (142,646) 99 － － (85,095) － (85,095) (226,357) (24,069) (250,427) Total net changes during the year － 1,285 290,363 99 64 (4,228) (31,168) 163 (35,168) 256,579 2,666 259,246 As at 31 August 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 For the year ended 31 August 2026 (Millions of yen) Note Capital stock Capital surplus Retained earnings Treasury stock, at cost Other components of equity Equity attributable to owners of the Parent Non- controlling interests Total equity Financial assets measured at fair value through other comprehensive income / (loss) Exchange differences on translating foreign operations Cash flow hedges Share of other comprehensive income / (loss) of associates 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 year Comprehensive income Profit for the year － － 542,516 － － － － － － 542,516 41,624 584,141 Other comprehensive income / (loss) － － － － 3 162,015 127,194 246 289,459 289,459 5,125 294,585 Total comprehensive income / (loss) － － 542,516 － 3 162,015 127,194 246 289,459 831,976 46,750 878,726 Transactions with the owners of the Parent Acquisition of treasury stock － － － (1) － － － － － (1) － (1) Disposal of treasury stock － 724 － 51 － － － － － 776 － 776 Dividends － － (177,961) － － － － － － (177,961) (34,176) (212,138) Share-based payments － 591 － － － － － － － 591 － 591 Transfer to non-financial assets － － － － － － (82,599) － (82,599) (82,599) (715) (83,314) Payment from non-controlling shareholders － － － － － － － － － － 12 12 Total transactions with the owners of the Parent － 1,316 (177,961) 49 － － (82,599) － (82,599) (259,195) (34,879) (294,074) Total net changes during the year － 1,316 364,554 49 3 162,015 44,595 246 206,860 572,781 11,871 584,652 As at 31 August 2026 10,273 32,314 2,420,992 (14,480) 50 298,534 97,496 715 396,797 2,845,897 66,256 2,912,153
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－ 13 － (4) Consolidated Statement of Cash Flows (Millions of yen) Notes Year ended 31 August 2025 Year ended 31 August 2026 Cash flows from operating activities Profit before income taxes 650,574 802,505 Depreciation and amortization 216,492 237,251 Impairment losses/ (Reversal of impairment losses) 6 598 904 Interest and dividend income (65,317) (67,292) Interest expenses 12,834 15,084 Foreign exchange losses / (gains) (33,826) (7,168) Share of (profit) / loss of associates accounted for using the equity method (1,704) (780) Losses on retirement of property, plant and equipment 1,342 1,206 (Increase) / Decrease in trade and other receivables (12,718) 4,821 (Increase) / Decrease in inventories (29,855) (75,719) Increase / (Decrease) in trade and other payables 476 71,018 (Increase) / Decrease in other assets (2,479) (1,804) Increase / (Decrease) in other liabilities 3,852 8,293 Others, net (11,391) (21,840) Cash generated from operations 728,879 966,481 Interest and dividends income received 64,625 70,957 Interest paid (12,869) (15,192) Income taxes paid (202,242) (239,154) Income taxes refunded 2,225 5,495 Net cash generated by operating activities 580,618 788,587 Cash flows from investing activities Amounts deposited into bank deposits with original maturities of three months or longer (1,008,113) (2,015,159) Amounts withdrawn from bank deposits with original maturities of three months or longer 798,490 1,737,672 Payments for property, plant and equipment (135,535) (79,910) Payments for intangible assets (27,329) (24,976) Payments for acquisition of right-of-use assets (15,924) (2,192) Payments for acquisition of investments (474,222) (505,911) Proceeds from sale and redemption of investments 289,149 575,858 Payments for lease and guarantee deposits (6,113) (5,660) Proceeds from collection of lease and guarantee deposits 6,364 5,904 Investments in associates accounted for using the equity method (13,087) (3,952) Others, net 7,399 1,438 Net cash used in investing activities (578,922) (316,889)
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－ 14 － (Millions of yen) Notes Year ended 31 August 2025 Year ended 31 August 2026 Cash flows from financing activities Proceeds from short-term loans payable 566 2,417 Repayment of short-term loans payable (226) (3,747) Redemption of corporate bonds (30,000) (70,000) Dividends paid to owners of the Parent (142,630) (177,934) Dividends paid to non-controlling interests (26,428) (34,176) Repayments of lease liabilities (140,483) (145,650) Others, net 63 26 Net cash used in financing activities (339,139) (429,065) Effect of exchange rate changes on the balance of cash held in foreign currencies 37,122 71,714 Net increase / (decrease) in cash and cash equivalents (300,320) 114,346 Cash and cash equivalents at the beginning of year 1,193,560 893,239 Cash and cash equivalents at the end of year 893,239 1,007,586
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－ 15 － (5) Notes to Going Concern Assumptions Not applicable. (6) Notes to the Consolidated Financial Statements 1. Segment Information (1) Description of reportable segments The Group’s reportable segments are components for which discrete financial information is available and which 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 Year ended 31 August 2025 (Millions of yen) Reportable segments Others (Note 1) Adjustments (Note 2) Consolidated Statement of Profit or Loss UNIQLO Japan UNIQLO International GU Global Brands Total Revenue 1,026,096 1,910,289 330,701 131,542 3,398,629 1,910 － 3,400,539 Operating profit / (loss) 184,451 309,319 30,506 (950) 523,327 253 40,684 564,265 Segment income / (loss) (i.e., profit / (loss) before income taxes) 187,125 309,026 31,948 (1,487) 526,613 253 123,707 650,574 Other disclosure: Depreciation and amortization 51,913 99,192 19,999 8,954 180,060 452 35,980 216,492 Impairment losses (Note 3) 866 439 215 2,308 3,829 － 4 3,833 Reversal of impairment losses (Note 3) (3,189) (12) － (32) (3,235) － － (3,235) (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. (Note 3) For details on impairment losses and reversal, please refer to Note “6. Impairment losses and reversal of impairment losses.”
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－ 16 － Year ended 31 August 2026 (Millions of yen) Reportable segments Others (Note 1) Adjustments (Note 2) Consolidated Statement of Profit or Loss UNIQLO Japan UNIQLO International GU Global Brands Total Revenue 1,084,843 2,411,135 336,717 128,561 3,961,257 2,131 － 3,963,389 Operating profit 196,652 448,124 32,884 4,454 682,116 143 60,869 743,128 Segment income (i.e., profit before income taxes) 201,163 451,206 32,813 4,004 689,187 143 113,174 802,505 Other disclosure: Depreciation and amortization 54,753 117,190 21,430 8,559 201,933 494 34,824 237,251 Impairment losses (Note 3) 216 169 107 503 997 － 160 1,158 Reversal of impairment losses (Note 3) (26) (138) (24) (64) (253) － － (253) (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. (Note 3) For details on impairment losses and reversal, please refer to Note “6. Impairment losses and reversal of impairment losses.”
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－ 17 － 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. Year ended 31 August 2025 Revenue (Millions of yen) Percentage of Total (%) Japan 1,026,096 30.2 Greater China 650,232 19.1 South Korea, Southeast Asia, India & Australia 619,417 18.2 North America 271,130 8.0 Europe 369,509 10.9 UNIQLO (Note 1) 2,936,385 86.4 GU (Note 2) 330,701 9.7 Global Brands (Note 3) 131,542 3.9 Others (Note 4) 1,910 0.1 Total 3,400,539 100.0 (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 business, etc.
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－ 18 － Year ended 31 August 2026 Revenue (Millions of yen) Percentage of Total (%) Japan 1,084,843 27.4 Greater China 724,033 18.3 South Korea, Southeast Asia, India & Australia 809,489 20.4 North America 364,961 9.2 Europe 512,651 12.9 UNIQLO (Note 1) 3,495,978 88.2 GU (Note 2) 336,717 8.5 Global Brands (Note 3) 128,561 3.2 Others (Note 4) 2,131 0.1 Total 3,963,389 100.0 (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 business, etc.
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－ 19 － 3. Selling, general and administrative expenses The breakdown of selling, general and administrative expenses for each year is as follows: (Millions of yen) Year ended 31 August 2025 Year ended 31 August 2026 Selling, general and administrative expenses Advertising and promotion 108,502 127,582 Rent expenses 126,499 145,623 Depreciation and amortization 214,425 234,631 Outsourcing 72,281 80,997 Salaries 469,897 550,403 Distribution 144,192 168,976 Others 141,903 161,809 Total 1,277,701 1,470,025 4. Other income and other expenses The breakdown of other income and other expenses for each year is as follows: (Millions of yen) Year ended 31 August 2025 Year ended 31 August 2026 Other income Foreign exchange gains (Note) 5,990 15,306 Reversal of impairment losses 3,235 253 Others 10,266 13,512 Total 19,491 29,072 (Note) Foreign exchange gains incurred in the course of operating transactions are included in “Other income.” (Millions of yen) Year ended 31 August 2025 Year ended 31 August 2026 Other expenses Loss on retirement of property, plant and equipment 1,342 1,206 Impairment losses 3,833 1,158 Others 2,910 2,859 Total 8,087 5,224
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－ 20 － 5. Finance income and finance costs The breakdown of finance income and finance costs for each year is as follows: (Millions of yen) Year ended 31 August 2025 Year ended 31 August 2026 Finance income Foreign exchange gains (Note) 33,826 7,168 Interest income 65,312 67,288 Others 4 3 Total 99,143 74,460 (Note) Foreign exchange gains incurred in the course of non-operating transactions are included in “Finance income.” (Millions of yen) Year ended 31 August 2025 Year ended 31 August 2026 Finance costs Interest expenses 12,834 15,084 Total 12,834 15,084
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－ 21 － 6. Impairment losses and reversal of impairment losses The Group recognized impairment losses on certain store assets, etc., due to reductions in profitability of the respective cash- generating units ("CGU"). Vice versa, the Group recognized reversal of impairment losses upon revising the profitability of the respective CGU with reference to improved market conditions. The breakdown of impairment losses by asset type is as follows: (Millions of yen) Year ended 31 August 2025 Year ended 31 August 2026 Buildings and structures 414 230 Machinery and equipment 778 6 Furniture, fixtures and vehicles 112 41 Land 223 － Subtotal on property, plant and equipment 1,529 277 Software 156 162 Other intangible assets 1,076 － Subtotal on intangible assets 1,232 162 Right-of-use assets 1,071 719 Total impairment losses 3,833 1,158 The Group’s impairment losses during the year are included in “Other expenses” on the consolidated statement of profit or loss. The breakdown of reversal of impairment losses by asset type is as follows: (Millions of yen) Year ended 31 August 2025 Year ended 31 August 2026 Buildings and structures 263 176 Furniture, fixtures and vehicles － 13 Subtotal on property, plant and equipment 263 189 Right-of-use assets 2,963 64 Other non-current assets (long-term prepaid expenses) 8 － Total reversal of impairment losses 3,235 253 The Group’s reversal of impairment losses during the year is included in “Other income” on the consolidated statement of profit or loss.
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－ 22 － Year ended 31 August 2025 Impairment losses amounting to 3,833 million yen represented impairment losses of the carrying amounts of store assets to the recoverable amounts, primarily due to a reduction in profitability of certain stores. The Group recognized reversal of impairment losses amounting to 3,235 million yen, upon revising the profitability of the respective CGU with reference to improved market conditions. The grouping of assets is based on the smallest identifiable CGU that independently generates cash inflow. In principle, each store is considered as an individual CGU and recoverable amounts thereon are calculated based on value in use. The value in use for measurement of impairment losses is calculated based on the cash flow projections with estimates and gro wth rates approved by management, applying a discount rate of 10.4 % (weighted average). In principle, the projected cash flows cover a five-year period, and do not use a growth rate that exceeds the long -term average market growth rate. The pre -tax discount rate calculation is based on the weighted-average cost of capital. The main CGUs for which impairment losses were recorded are as follows: Operating segment CGU Type UNIQLO Japan UNIQLO CO., LTD. idle assets, stores Buildings and structures; Machinery and equipment; and Land UNIQLO International FAST RETAILING (CHINA) TRADING CO., LTD., etc., stores Buildings and structures; Furniture, fixtures and vehicles, etc. GU G.U. CO., LTD., idle assets, stores Buildings and structures; Machinery and equipment; and Furniture, fixtures and vehicles Global Brands COMPTOIR DES COTONNIERS S.A.S., etc., stores Other intangible assets; Right-of-use assets, etc. The main CGUs for which reversal of impairment losses were recorded are as follows: Operating segment CGU Type UNIQLO Japan UNIQLO CO., LTD. stores Buildings and structures; Right-of-use assets, etc. UNIQLO International UNIQLO AUSTRALIA PTY LTD stores Buildings and structures Global Brands Theory LLC stores Right-of-use assets
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－ 23 － Year ended 31 August 2026 Impairment losse s amounting to 1,158 million yen represented impairment losses of the carrying amounts of store assets to the recoverable amounts, primarily due to a reduction in profitability of certain stores. The Group recognized reversal of impairment losses amounting to 253 million yen, upon revising the profitability of the respective CGU with reference to improved market conditions. The grouping of assets is based on the smallest identifiable CGU that independently generates cash inflow. In principle, each store is considered as an individual CGU and recoverable amounts thereon are calculated based on value in use. The value in use for measurement of impairment losses is calculated based on the cash flow projections with estimates and gro wth rates approved by management, applying a discount rate of 10.4 % (weighted average). In principle, the projected cash flows cover a five-year period, and do not use a growth rate that exceeds the lon g-term average market growth rate. The pre -tax discount rate calculation is based on the weighted-average cost of capital. The main CGUs for which impairment losses were recorded are as follows: Operating segment CGU Type UNIQLO Japan UNIQLO CO., LTD. stores, idle assets Buildings and structures; Right-of-use assets; Furniture, fixtures and vehicles, etc. UNIQLO International UNIQLO TRADING CO., LTD. stores Right-of-use assets, etc. GU GU Hong Kong Apparel LTD, etc. stores Buildings and structures; Right-of-use assets; and Furniture, fixtures and vehicles Global Brands COMPTOIR DES COTONNIERS S.A.S., etc. stores, warehouse, idle assets Buildings and structures; Right-of-use assets, etc. The main CGUs for which reversal of impairment losses were recorded are as follows: Operating segment CGU Type UNIQLO Japan UNIQLO CO., LTD. idle assets Buildings and structures UNIQLO International FRL Korea Co., Ltd., etc. stores Buildings and structures; and Furniture, fixtures and vehicles GU G.U. CO., LTD. idle assets Buildings and structures, etc. Global Brands Theory Westport LLC stores Right-of-use assets
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－ 24 － 7. Earnings per share Year ended 31 August 2025 Year ended 31 August 2026 Equity per share attributable to owners of the Parent (Yen) 7,408.65 Equity per share attributable to owners of the Parent (Yen) 9,274.27 Basic earnings per share for the year (Yen) 1,411.44 Basic earnings per share for the year (Yen) 1,768.08 Diluted earnings per share for the year (Yen) 1,409.32 Diluted earnings per share for the year (Yen) 1,765.70 The basis for calculation of basic earnings per share and diluted earnings per share for the year is as follows: Year ended 31 August 2025 Year ended 31 August 2026 Basic earnings per share for the year Profit attributable to owners of the Parent for the year (Millions of yen) 433,009 542,516 Profit not attributable to common shareholders (Millions of yen) － － Profit attributable to common shareholders (Millions of yen) 433,009 542,516 Average number of common stock outstanding during the year (Shares) 306,786,602 306,840,049 Diluted earnings per share for the year Adjustment to profit (Millions of yen) － － Increase in number of common stock (Shares) 461,202 412,941 (Number of share subscription rights included in the increase) (461,202) (412,941) 8. Subsequent events Not applicable.
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－ 25 － 4. Others Changes in officers (1) Change in representative Not applicable. (2) Other changes in executives scheduled for 26 November 2026 Changes in directors assume approval by the General Meeting of Shareholders for the 65th fiscal term, scheduled to be held on 26 November 2026. (i) Candidates for re-appointment as directors Director Tadashi Yanai (Current Chairman, President, and Chief Executive Officer) Director Masaaki Shintaku (Current Director) Director Naotake Ono (Current Director) Director Kathy Mitsuko Koll (aka Kathy Matsui) (Current Director) Director Joji Kurumado (Current Director) Director Yutaka Kyoya (Current Director) Director Takeshi Kunibe (Current Director) Director Takeshi Okazaki (Current Director) Director Kazumi Yanai (Current Director) Director Koji Yanai (Current Director) Director Daisuke Tsukagoshi (Current Director) Note: Tadashi Yanai is expected to be re-appointed Chairman, President, and Chief Executive Officer after re -election by the General Meeting of Shareholders scheduled for 26 November 2026. Masaaki Shintaku, Naotake O no, Kathy Mitsuko Koll (aka Kathy Matsui) , Joji Kurumado, Y utaka Kyoya and Takeshi Kunibe are External Directors as stipulated in Article 2-15 of the Companies Act. (ii) Candidate for new-appointment as Audit & Supervisory Board Member Audit & Supervisory Board Member Isao Ohno Note: Isao Ohno is External Audit & Supervisory Board Member as stipulated in Article 2-16 of the Companies Act. (iii) Audit & Supervisory Board Member to retire Audit & Supervisory Board Member Takeo Kashitani (Current Audit & Supervisory Board Member) Note: Takao Kashitani is External Audit & Supervisory Board Member as stipulated in Article 2-16 of the Companies Act.