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Uniqlo reports annual overseas sales over ¥1 trillion


Fast Retailing Co., the operator of Uniqlo casual clothing stores, said that annual overseas sales at the Uniqlo division surpassed ¥1 trillion for the first time ever.

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In the year to August, such overseas sales rose 14.5 percent year on year to ¥1.02 trillion.

Backed by brisk sales in China and Southeastern Asia, overseas Uniqlo operating profit grew 16.8 percent to ¥138 billion, exceeding that of the domestic Uniqlo sector for the first time.

The company’s overall group sales rose 7.5 percent to ¥2.3 trillion, the highest-ever figure.

Operating profit grew 9.1 percent to ¥258 billion and net profit increased 5.0 percent to ¥163 billion, both hitting record highs as well.

The Uniqlo sector’s domestic operating profit decreased due to last winter’s sluggish sales of winter clothing caused by relatively high temperatures.

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Operating profit also decreased in South Korea, where a campaign to boycott Japanese products is ongoing.

(Source: Japan News)