By  on October 11, 2018

TOKYO — Fast Retailing said Thursday that it posted record profit and sales for its most recent financial year, and that revenue from Uniqlo international exceeded that of Uniqlo Japan for the first time. The results were bolstered by profit growth from both Uniqlo international and Uniqlo Japan.

For the fiscal year ended Aug. 31, Fast Retailing’s net profit grew by 29.8 percent to 154.81 billion yen, or $1.37 billion. Operating profit rose 34 percent to 236.21 billion yen, while net sales gained 14.4 percent to total 2.13 trillion yen. This marked the first year that Fast Retailing has posted revenue exceeding 2 trillion yen. Tadashi Yanai, the company’s chairman, president and chief executive officer, has said he aims to reach 3 trillion yen in net sales, while his medium-term goal is to become the world’s number-one apparel retailer.

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