From the company's own filing for Q1 FY2027 (Jun–Aug 2026) · reported 2026-10-01 · the filing ↗
JapanNike's 10-Q says lower revenues in Japan, Korea and Mexico offset growth in Southeast Asia & India and Central & South America, leaving Asia Pacific & Latin America flat currency-neutral.
Not disclosedNike gives no Japan sales figure. In Asia Pacific & Latin America ($1.46bn, −2% as reported), wholesale rose 2% currency-neutral while Nike Direct fell 3%: digital down 10%, its own stores up 5%.
Other callouts in the filing
SegmentRegional EBIT fell 7% to $324m as gross margin shrank 150bp to 42.3%, on heavier discounting, channel mix and currency rates.
SegmentGreater China revenues fell 22% to $1.18bn (−26% currency-neutral) and its EBIT 34% to $248m; Converse fell 28% to $263m.
OutlookNike expects revenues to fall by a high single-digit percentage in the year to May 2027, and launched 'Pace', a restructuring aimed at about $2.5bn of savings through fiscal 2031 for about $1.0bn of pre-tax charges.
floortok's reading of the filing, in our own words. Figures are the company's own; where a growth rate is our arithmetic, it says so.
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floortok holds 2 reported periods for this company.
Q1 FY2027 (Jun–Aug 2026) · Year-to-Date
Reported 2026-10-01
Revenues$11.2bn▼ −4.0%
Operating profit——
Net income$0.7bn▼ −2.0%
Nike folds Japan into Asia Pacific & Latin America and gives no separate figure; its quarterly report names Japan among the markets that fell. That region turned over $1.46bn in June–August 2026, down 2% as reported and flat currency-neutral. Group revenues fell 4% to $11.2bn (−5% currency-neutral) as Greater China dropped 22%, and net income fell 2% to $712m on a gross margin up 60bp to 42.8%. The release publishes no operating-income line.
FY2026 (year to May 2026)
Reported 2026-06-30
Revenues$46.4bn→ 0.0%
Operating profit——
Net income$3.1bn▼ −3.0%
Nike folds Japan into Asia Pacific & Latin America and gives no separate figure. That region turned over $6.24bn for the year, flat as reported and down 1% currency-neutral. Group revenues were flat at $46.4bn (−2% currency-neutral) and net income fell 3% to $3.1bn, at a gross margin of 42.9%. The release publishes no operating-income line. The shape of the year is in the channels: wholesale grew 6% to $27.5bn while Nike Direct fell 6% to $17.7bn, and Converse fell 31% to $1.2bn.
JapanNike's annual report names Japan among the drags on Asia Pacific & Latin America, whose 1% currency-neutral decline came mainly from lower sales in Southeast Asia & India, Japan and Korea.
Not disclosedNike gives no Japan sales figure; Japan sits in Asia Pacific & Latin America, which turned over $6.24bn for the year, flat as reported and down 1% currency-neutral.
SegmentProfit fell harder than sales in the region: Asia Pacific & Latin America EBIT dropped 9% to $1.39bn as gross margin shrank 200bp to 42.0%, mainly on unfavourable currency rates.
SegmentIn the region, wholesale grew 2% currency-neutral while Nike Direct fell 6% — digital down 9%, stores down 1% — and comparable store sales slipped 4%.
One-offFourth-quarter results include a $986m expected recovery of IEEPA tariffs, adding about 900bp to Q4 gross margin and $0.52 to EPS; it sits in North America ($965m) and Converse ($21m).