Uniqlo owner Fast Retailing breaks new records

For the fourth consecutive year, Fast Retailing, Uniqlo’s parent company, has posted record figures. The Japanese fashion retailer is benefiting from a weak yen and appears to be largely unaffected by US import tariffs.

Focus on North America and Europe

Fast Retailing’s sales rose 9.6% last year to 3,400.5 billion yen (19 billion euros), operating profit was up 12.6% to 564.2 billion yen (3.2 billion euros), and net profit grew 16.4% to 433 billion yen (2.4 billion euros). This marks the fourth consecutive year of record profits for the Japanese retailer, thanks in part to strong sales in Japan and the United States. The company is already predicting new records: in the current fiscal year, operating profit is expected to rise further to 610 billion yen (3.4 billion euros).