Uniqlo parent company said on Thursday that its nine-month net profit jumped nearly 70 percent from the previous year on robust sales and that the cheaper yen inflated The value of its assets abroad.
Fast Retailing's net profit was 120 billion yen ($ 1 billion) in the nine months to May, while revenues rose 3.0 percent to 1.48 trillion yen Yen said. The largest retailer in Asia – a rival of Zara, Gap and H & M – said that sales were particularly robust abroad. The operating profit of the quarter doubled in the region of South-East Asia and Oceania as well as in South Korea, he said.
Nine-month operating profit increased 23.9% to 181 billion yen.
He refocused his strategy on the launch of the opportunity hunters after an earlier bid to raise the price of Uniqlo sales.