The operator of clothing brand Uniqlo has reported record sales and net profit for the nine months through May. Fast Retailing points to brisk sales in Europe and the United States and higher numbers of foreign visitors to Japan.
The apparel giant says its consolidated revenue for the period came to over 2.3 trillion yen, or nearly 15 billion dollars. That’s up more than 10 percent in yen terms year-on-year.
Net profit was 312.8 billion yen, or nearly 2 billion dollars. That was a jump of about 31 percent.
The firm says that sales were strong at newly-opened stores in Europe, while online sales grew in the US.
But a sharp decline in profit was reported for China, due to weak consumer appetite and unseasonable weather.
Fast Retailing is expecting its annual revenue through August to top 3 trillion yen for the first time. It has revised its forecast to 3.07 trillion yen, up 40 billion yen from the previous estimate.