Uniqlo owner Fast Retailing reported double-digit revenue and profit growth in North America in the current fiscal year, as its U.S. expansion defied tariff volatility sparked by President Donald Trump earlier this year.

The Japanese clothing retailer, known for its functional basics including T-shirts, sweatpants and down jackets, saw North America revenue and business profit grow 24.5% and 35.1%, respectively, for the fiscal year ended August 2025, according to its earnings statement on Thursday.

That performance led robust international gains across Europe, Southeast Asia and South Korea, helping offset a continued slump in China — long Fast Retailing’s largest overseas market — where consumer demand has remained weak since the COVID-19 pandemic.

Buoyed by its success abroad, Fast Retailing’s overall sales rose nearly 10%, while operating income climbed 13%, beating analyst forecasts. The company issued a bullish outlook for the next fiscal year, projecting ¥610 billion ($4 billion) in operating income and ¥3.75 trillion in sales, both above market consensus.

Fast Retailing founder and Chief Executive Officer Tadashi Yanai is seeking to eventually reach annual sales of ¥10 trillion and turn the business into a global apparel maker. To do so, the company has stepped up efforts to push deeper into the U.S., Europe and other parts of Asia to build on the success it has seen in Japan and China.

The company said revenue and profit jumped significantly in the U.S. during the June-August quarter even when the impact of U.S. tariffs set in. New store openings in both North America and Europe have been "extremely successful, and a virtuous cycle has started to emerge,” according to the earnings statement.

Fast Retailing has also been shoring up its operations in China, by adjusting its product lineup to deal with seasonal weather and local needs. Both the Chinese mainland and Hong Kong markets reported sales decline and large contraction in profit in the current fiscal year, the company said.

Business at its home market saw a considerable increase, with revenue at Uniqlo Japan topping ¥1 trillion for the first time.