By  on July 6, 2012

TOKYO — Fast Retailing Co. Ltd. reported its net income for the nine months ended May 31 rose 35.8 percent versus the prior-year period, bolstered by strong sales in overseas markets.
 
Net income amounted to 72.5 billion yen, or $922.9 million at average exchange rates for the period.
 
The fast-fashion retailer’s operating income grew by 14.1 percent to 119.3 billion yen, or $1.52 billion.
 
Net sales rose 14 percent, totaling 743.5 billion yen, or $9.46 billion. Uniqlo’s sales in Japan increased by 4.4 percent to 503.2 billion yen, or $6.41 billion.

The brand’s sales in markets outside of Japan shot up 66.4 percent to 122.5 billion yen, or $1.56 billion, as the company continued its aggressive push at international expansion.

 

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