Uniqlo’s parent company, Fast Retailing, surprises with fifth consecutive increase in profits

Fast Retailing closed its fiscal year with its fifth consecutive record profit. The owner of Uniqlo attributes this to strong performance across all regions, despite pressure from the weak yen in its home market.

Pressure in the domestic market

Operating profit for the 12 months ending August 31 totaled 743.13 billion Japanese yen (4.3 billion euros). A year earlier, that profit stood at 564.3 billion Japanese yen (3.3 billion euros), representing an increase of approximately 32%. The result exceeded the apparel group’s own expectations.