Fast Retailing Enjoys Strong Full-Year Gains After Overseas Expansion
Uniqlo-owner Fast Retailing has seen FY operating profit climb 13.4% to around JPY200 billion. Sales were up 10.1% with annual profit rising 38.6% to JPY176.4 billion. The Uniqlo International division almost doubled operating profit to JPY73.1 billion – a gain of 95.4% - after Fast Retailing invested heavily in new market expansion, especially in key Asian countries like China. This overseas performance offset a poor showing in the domestic Japanese market.