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Retail Earnings

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Ryohin Keikaku (MUJI)

Major retail groups · 7453

The Japan read

From the company's own filing for Full year to August 2026 · reported 2026-10-14 · the filing

+8.7%Japan salesDomestic business operating revenue, as reported.

Other callouts in the filing

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.

Quarter-alone and year-to-date rows are floortok's arithmetic on the company's own filings — the quarter alone under a cumulative filing, the year to date under a quarter — shown only where the filings they need are on file. A period tagged Year-to-Date runs from the start of the company's fiscal year.

Full year to August 2026

Reported 2026-10-14
Operating revenue¥923.6bn+17.7%
Operating profit¥103.4bn+40.1%
Net income¥76.4bn+50.3%
Q4 alone (Jun–Aug 2026)
Operating revenue¥232.8bn—
Operating profit¥22.6bn—
Net income¥17.8bn—

Japan+8.7%Domestic business operating revenue, as reported.

MUJI's operator cleared ¥100bn of operating profit for the first time in the year to August 2026: operating revenue rose 17.7% to ¥923.6bn, operating profit 40.1% to ¥103.4bn and net income 50.3% to ¥76.4bn, all records. Overseas stores and a weaker yen did most of the lifting, while Japan grew 8.7%. It expects revenue to pass ¥1 trillion this year.

Nine months to May 2026 · Year-to-Date

Reported 2026-07-10
Operating revenue¥690.8bn+16.9%
Operating profit¥80.8bn+36.0%
Net income¥58.6bn+34.3%

Japan+8.9%Domestic business operating revenue, as reported.

MUJI's operator kept compounding: operating revenue rose 17% and operating profit 36% across the nine months to May 2026, and it lifted its full-year forecast. Steady global store growth and firm domestic demand kept the no-brand brand among the season's clearest winners.

  • JapanMUJI's domestic business grew operating revenue 8.9% to ¥391.1bn and segment profit 23.9% to ¥51.2bn, on promotions such as MUJI Week and margin gains from in-house production and fewer markdowns.
  • StoresMUJI opened 33 stores and closed 8 in Japan, mainly in suburban everyday-shopping areas, reaching 708; overseas stores now number 755 (56 opened, 30 closed).
  • Not disclosedThe Q3 filing and Q&A give no tax-free or visitor sales figure for MUJI's Japan stores, so inbound demand cannot be separated from domestic growth.
  • SegmentOverseas is the faster engine: East Asia revenue rose 29.3% to ¥212.8bn (profit +39.6%), Southeast Asia & Oceania 34.7% and Europe & North America 21.9%.
  • One-offOne-offs helped below operating level: ¥2.4bn from selling cross-shareholdings and ¥1.7bn compensation tied to the ransomware-related system outage, against a ¥3.1bn loss on disposing fixed assets.
  • OutlookThe full-year forecast was raised again, to ¥907.0bn revenue and ¥98.0bn operating profit, but management trimmed its fourth-quarter domestic revenue outlook after weak June sales, lifting overseas instead.