Fast Retailing’s strong full-year results for FY25 yesterday (sales and profits both higher) were mainly about its star Uniqlo brand. But the company operates a number of other brands, so how did they fare?

The youth-focused GU brand saw revenue rising 3.6% to ¥330.7 billion but same-store sales were flat and business profit dropped by as much as 12.6% to ¥28.3 billion. The company said the brand was “unable to maximise sales due to insufficient creation of hit products that captured mass fashion trends and shortages of strong-selling items.”

It added that its selling, general and administrative expense ratio increased on the back of higher personnel costs associated with wage increases and higher costs linked the opening of the GU store in the US.

As for the Global Brands division, revenue here fell 5.3% to ¥131.5 billion but the the segment managed to generate a business profit of ¥2.6 billion (compared to just ¥0.1 billion in FY24) after losses from the Comptoir des Cotonniers operation were halved. That was even though its revenue dropped as it saw improvements in both the gross profit margin and the selling, general and administrative expense ratio. 

Yet the segment reported an operating loss of ¥0.9 billion (compared to a ¥0.6 billion operating profit in FY24) due to the firm recording impairment and other losses of ¥3.9 billion associated with structural reforms at the Comptoir des Cotonniers label.

Theory meanwhile reported declines in both revenue and profit, although the company didn’t share just what those falls were. It said “sales of core products struggled to gain momentum and Theory sales in the Mainland China market were adversely impacted by declining consumer appetite”. 

Finally, PLST generated significantly higher revenue and profit, but again, we don’t know the specific numbers. We do know, however, that its improvements were due to “strong sales of wide pants and sheer sweaters”.