By  on October 12, 2017
A Uniqlo store in Ginza, Tokyo

TOKYO — Fast Retailing said Thursday that the company's net profit for its most recent fiscal year more than doubled, as both profit and revenue reached all-time highs. It attributed the large gain to a strong performance by its flagship Uniqlo brand outside Japan, as well as a foreign exchange gain and the narrowing of impairment losses.

Net profit for the 12 months ended Aug. 31 totaled 119.2 billion yen, or $1.06 billion. In the same period a year earlier, the company posted a profit of 48 billion yen.

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