Uniqlo operator Fast Retailing’s H1 profit rose 18% despite China slowdown

FILE PHOTO: People wearing face masks walk past a store of Fast Retailing’s fashion chain Uniqlo in Beijing, China May 22, 2020.
Reuters
15:26 JST, April 14, 2022
TOKYO (Reuters) – Clothing brand Uniqlo’s Japanese owner said on Thursday first-half operating profit climbed 18%, even as COVID-19 lockdowns in China hampered sales in its biggest overseas market.
Fast Retailing Co said operating profit was 189 billion yen ($1.51 billion) in the six months through February, against 168 billion yen a year earlier.
The company maintained its full-year profit forecast at 270 billion yen. That compares with a consensus forecast for annual profit to total 278 billion yen, according to a Refinitiv poll of 11 analysts. ($1 = 125.4300 yen)
Popular Articles
Popular articles in the past 24 hours
-
Man Falls to Death from Osaka Building, Killing Cyclist Below; Ma...
-
Seven-Eleven Tests Robot Delivery Service on Public Roads; Compan...
-
Results of Tokyo Assembly Elections May Have Effect on Upper Hous...
-
Active Cyber Defense: Urgently Prepare System, Including Developm...
-
Agricultural Minister: I Have Never Bought Rice; Remarks Criticiz...
-
Japan, U.S. to Hold Trade Talks This Week
-
Spain Blocks More Than 65,000 Airbnb Holiday Rental Listings
-
Downgrade of Credit Rating for U.S. Govt Bonds: Grave Warning Urg...
Popular articles in the past week
-
2025 Expo Osaka: Expo Fails to Achieve Pledge of Line-Free Event;...
-
Consumption Tax Exemption to Be Nixed for Low-Cost Imported Items...
-
Nissan to Close 2 Kanagawa Prefecture Plants; Production Cuts Eye...
-
Yokohama, Companies Look to Help Elderly Live Healthier Longer wi...
-
Former North Korean Agent Says Still Many Spies in South Korea Lo...
-
Kento Nakajima Throws First Pitch at Hokkaido Nippon-Ham Fighters...
-
Can Nissan Recover Through New, Long-Overdue Restructuring Plan?;...
-
Nissan to Offer Early Retirement to Japan Employees; 1st Such Off...
Popular articles in the past month
-
Core Inflation in Japan's Capital Sharply Accelerates in April
-
U.S. Holds Fire Over Yen Exchange Rate Targets; Bessent Said to U...
-
Rents Mark 30-Year-High Rate of Rise; Decrease in Disposable Inco...
-
Japanese Govt Mulls Raising Number of Cars to be Imported Under S...
-
Rice Prices Rise for 15th Straight Week, with Releases of Stockpi...
-
Japan Must Take Lead in Maintaining Free Trade System, Says Chair...
-
Groundbreaking Ceremony Held for Japan’s 1st Casino Resort; Site ...
-
Japan Presses U.S. to Scrap 25% Auto Tariffs as Ishiba Refuses Pa...
"Business" POPULAR ARTICLE
-
Core Inflation in Japan’s Capital Sharply Accelerates in April
-
U.S. Holds Fire Over Yen Exchange Rate Targets; Bessent Said to Understand Negative Impact on Markets
-
Rents Mark 30-Year-High Rate of Rise; Decrease in Disposable Income May Dampen Personal Consumption
-
Japanese Govt Mulls Raising Number of Cars to be Imported Under Simplified Screen System in U.S. Tariff Negotiations
-
Japan Must Take Lead in Maintaining Free Trade System, Says Chairman of Japan Trade Group
JN ACCESS RANKING
-
Core Inflation in Japan’s Capital Sharply Accelerates in April
-
U.S. Holds Fire Over Yen Exchange Rate Targets; Bessent Said to Understand Negative Impact on Markets
-
Rents Mark 30-Year-High Rate of Rise; Decrease in Disposable Income May Dampen Personal Consumption
-
Japanese Govt Mulls Raising Number of Cars to be Imported Under Simplified Screen System in U.S. Tariff Negotiations
-
Japan Must Take Lead in Maintaining Free Trade System, Says Chairman of Japan Trade Group