By  on October 12, 2017

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.

To continue reading this article...

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus