Overview
- Fast Retailing reported operating profit of ¥213.79 billion for the quarter to May, a 45.7% rise that beat the LSEG analyst consensus.
- The company raised its full-year operating profit forecast to ¥730 billion from ¥700 billion after the stronger quarterly result.
- Sales growth in Japan was supported by inbound tourism from a weak yen while expansion in Europe and North America delivered double-digit gains.
- Management warned that air freight problems tied to the Iran conflict and higher oil prices could lift logistics and synthetic-fibre costs.
- Uniqlo’s larger global footprint and ongoing store restructuring in China leave the group on track for another record year but keep risks to margins if supply or cost pressures deepen.