优衣库预计连续6年创利润新高，将继续在美涨价

Core Viewpoint - Fast Retailing, the operator of Uniqlo, expects a slight increase in consolidated net profit to 435 billion yen for the fiscal year ending August 2026, shifting growth focus from China to other regions, particularly the U.S. [1] Group 1: Financial Projections - The company anticipates a 10% growth in sales revenue, reaching 3.75 trillion yen for the fiscal year 2026 [2] - For the fiscal year 2025, North American business revenue was 271.1 billion yen, a 25% year-on-year increase [4] - Consolidated net profit for fiscal year 2025 increased by 16% to 433 billion yen, with domestic sales in Japan surpassing 1 trillion yen for the first time [6] Group 2: Impact of Tariffs - The company plans to raise prices to offset the impact of tariffs, which may lead to a decline in consumer spending in the U.S. market [1][5] - Tariffs are expected to further affect profits starting from fiscal year 2026, with the CFO indicating a strategy of price rationalization to mitigate this impact [5] - The company has already implemented price increases on some products to absorb the cost increases due to tariffs [4][5] Group 3: Market Dynamics - The importance of the U.S. market is increasing as the company shifts its growth focus from the traditionally profitable Chinese market [5] - Sales in the Greater China region decreased by 4% to 650.2 billion yen, marking a decline for the first time in five years, while North American sales grew by 25% [5] - Competitors like H&M and Inditex have also begun raising prices in the U.S. market, indicating a broader trend in the industry [6]