Fast Retailing Co. said on Thursday it is aiming for record group sales of more than JPY1 trillion (USD12.72 billion) in its current business year ending next August on the back of robust growth of its Uniqlo casual clothing chain business in Asia.
For the business year that ended this past August, the company said its consolidated net profit grew 31.8 percent from the previous year to an all-time high of JPY71.65b as expansion overseas more than offset a drop in its operating profit in the domestic Uniqlo business.
Group operating profit rose 8.7 percent to JPY126.45b on sales of JPY928.67b, up 13.2 percent, as it continued opening new stores in China, Taiwan and South Korea, among other economies.
(Source: The Japan Times Online)