diff --git a/crates/ruff/resources/test/fixtures/pyflakes/F404.py b/crates/ruff/resources/test/fixtures/pyflakes/F404.py
index 99783081d8..08d8d73064 100644
--- a/crates/ruff/resources/test/fixtures/pyflakes/F404.py
+++ b/crates/ruff/resources/test/fixtures/pyflakes/F404.py
@@ -4,3 +4,5 @@ from __future__ import absolute_import
 from collections import namedtuple
 
 from __future__ import print_function
+
+import __future__
diff --git a/crates/ruff/src/checkers/ast.rs b/crates/ruff/src/checkers/ast.rs
index ec8d0a46c4..2889a7ff58 100644
--- a/crates/ruff/src/checkers/ast.rs
+++ b/crates/ruff/src/checkers/ast.rs
@@ -900,7 +900,38 @@ where
                 }
 
                 for alias in names {
-                    if alias.node.name.contains('.') && alias.node.asname.is_none() {
+                    if alias.node.name == "__future__" {
+                        let name = alias.node.asname.as_ref().unwrap_or(&alias.node.name);
+                        self.add_binding(
+                            name,
+                            Binding {
+                                kind: BindingKind::FutureImportation,
+                                runtime_usage: None,
+                                // Always mark `__future__` imports as used.
+                                synthetic_usage: Some((
+                                    self.scopes[*(self
+                                        .scope_stack
+                                        .last()
+                                        .expect("No current scope found"))]
+                                    .id,
+                                    Range::from_located(alias),
+                                )),
+                                typing_usage: None,
+                                range: Range::from_located(alias),
+                                source: Some(self.current_stmt().clone()),
+                                context: self.execution_context(),
+                            },
+                        );
+
+                        if self.settings.rules.enabled(&Rule::LateFutureImport)
+                            && !self.futures_allowed
+                        {
+                            self.diagnostics.push(Diagnostic::new(
+                                pyflakes::rules::LateFutureImport,
+                                Range::from_located(stmt),
+                            ));
+                        }
+                    } else if alias.node.name.contains('.') && alias.node.asname.is_none() {
                         // Given `import foo.bar`, `name` would be "foo", and `full_name` would be
                         // "foo.bar".
                         let name = alias.node.name.split('.').next().unwrap();
@@ -918,10 +949,6 @@ where
                             },
                         );
                     } else {
-                        if let Some(asname) = &alias.node.asname {
-                            self.check_builtin_shadowing(asname, stmt, false);
-                        }
-
                         // Given `import foo`, `name` and `full_name` would both be `foo`.
                         // Given `import foo as bar`, `name` would be `bar` and `full_name` would
                         // be `foo`.
@@ -957,6 +984,10 @@ where
                                 context: self.execution_context(),
                             },
                         );
+
+                        if let Some(asname) = &alias.node.asname {
+                            self.check_builtin_shadowing(asname, stmt, false);
+                        }
                     }
 
                     // flake8-debugger
diff --git a/crates/ruff/src/rules/pyflakes/snapshots/ruff__rules__pyflakes__tests__F404_F404.py.snap b/crates/ruff/src/rules/pyflakes/snapshots/ruff__rules__pyflakes__tests__F404_F404.py.snap
index fcbe88c0df..305376bdc5 100644
--- a/crates/ruff/src/rules/pyflakes/snapshots/ruff__rules__pyflakes__tests__F404_F404.py.snap
+++ b/crates/ruff/src/rules/pyflakes/snapshots/ruff__rules__pyflakes__tests__F404_F404.py.snap
@@ -1,5 +1,5 @@
 ---
-source: src/rules/pyflakes/mod.rs
+source: crates/ruff/src/rules/pyflakes/mod.rs
 expression: diagnostics
 ---
 - kind:
@@ -12,4 +12,14 @@ expression: diagnostics
     column: 37
   fix: ~
   parent: ~
+- kind:
+    LateFutureImport: ~
+  location:
+    row: 8
+    column: 0
+  end_location:
+    row: 8
+    column: 17
+  fix: ~
+  parent: ~