Uniqlo operator Fast Retailing’s Q3 profit jumps 45.7%, raises forecast
Fast Retailing raised its full-year profit forecast to 730 billion yen after quarterly operating profit beat analyst estimates by 45.7%.
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Uniqlo operator Fast Retailing's Q3 profit jumps 45.7%, raises forecast
Uniqlo operator Fast Retailing says Q3 profit jumped 45.7%, raises forecast
TOKYO: The Japanese owner of clothing brand Uniqlo said on Thursday that quarterly profit rose 45.7%, as it weathered the impact on supply chains and logistics from the Iran war on its way to an expected fifth straight year of record earnings.
Fast Retailing, the parent company of the Japanese fashion firm Uniqlo, closed the first nine months of its fiscal year - from September to May - with a net profit attributed to 426,077 million yen (2,298 million euros), representing an additional 25.6% compared to the same period of the previous year, according to the multinational, which has again revised its annual forecasts upwards.
The Japanese ready-to-wear group saw its profit jump by more than 40% in the quarter ended at the end of May despite a complicated context.
Japan's Fast Retailing, which includes the clothing chain Uniqlo, which competes with H&M and Zara, reports revenue of 1.01 trillion yen for the third quarter, March-May, in the fiscal year 2026. This is an increase of just over 22 percent compared to the corresponding quarter last year.
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