Sales in Asia excluding Japan rose 26.2% year-on-year to JPY 40.931 billion (approx. USD 270.5 million), with both the Chinese Mainland and Taiwan markets showing growth.
All product categories and regional markets recorded net sales growth, with particularly outstanding performance from Sports Style and Onitsuka Tiger.
In the Chinese Mainland market, both revenue and profit recorded growth.
Nearly 120 TSUTAYA stores across Japan will carry M&G’s full range of products.
In 2024, net sales in the Greater China region increased by 29.5%, while profit grew by 47.5%.
In the first nine months, the company’s gross profit margin reached 55.4%, and its operating profit margin was 17.4%, both setting record highs for the second consecutive year.
Fast Retailing expressed its ambition to become the “world’s No. 1 brand,” trusted by customers globally and indispensable in everyday life.
Axel Dumas also mentioned that Chinese customers prefer to purchase Hermès products domestically.
The UNIQLO market in the Chinese Mainland experienced significant declines in both revenue and operating profit due to several factors: a high comparison base from the previous year, low consumer willingness, and unfavorable weather conditions that affected product demand.
From a regional perspective, Japan, North America, Europe, and the Greater China region are expected to continue growing.
