Fast Retailing, owner of the Uniqlo brand, reported a 45.7% surge in quarterly profits and revised its full-year profit target upwards.

Fast Retailing, owner of the Uniqlo brand, reported a 45.7% surge in its latest quarterly profit, exceeding analyst expectations, and revised its full-year profit target upwards, despite facing the impact of the Iran-Iran conflict.

July 9, 2569 at 14.07:XNUMX a.m., Reuters reported that Fast Retailing, the owner of the Uniqlo clothing brand. revealed that Operating profit in the quarter ending May 2026 increased by 45.7% compared to the same period last year, despite facing supply chain and transportation impacts from the Iran conflict. The company is confident of achieving its fifth consecutive year of record profits.

Fast Retailingspecify that Operating profit stood at 213,790 million yen (approximately US$1.32 billion), higher than the 146,740 million yen in the same period last year and exceeding the 177,730 million yen forecast by seven analysts surveyed by LSEG.

Following strong financial results, the company has revised its full-year operating profit forecast upwards to 730,000 billion yen from the previous 700,000 billion yen.

Fast Retailing is a key indicator of consumer spending in Japan and China, with the company operating nearly 900 stores in mainland China. Uniqlo, having expanded from its first store in Hiroshima in 2527 to over 2,500 stores worldwide, now sells affordable clothing primarily manufactured in Asia.

In recent years, Fast Retailing has accelerated its expansion into Europe and North America to reduce its reliance on China, the company's largest overseas market. Meanwhile, sales in Japan have also been boosted by robust tourism, driven by a yen that fell to near its lowest level in 40 years.

However, growth in China slowed due to weak consumer confidence, forcing the company to gradually close some branches and restructure its business in the country.

Global fashion retailers continue to face pressure from conflicts in the Middle East, which are impacting supply chains and transportation, as well as volatile weather affecting clothing demand.

Mr. Takeshi Okazaki, Chief Financial Officer (CFO) of Fast Retailing. It was stated in April that... The Iran-Iran war has complicated air transport from production bases in Southeast Asia, and if oil prices remain high, it could further increase the cost of synthetic fibers.

In addition, the severe heatwaves that occurred in Europe and North America this year have forced many clothing retailers to adjust their product strategies. โดย H&M revealed that The company has adjusted its product lines and marketing plans to cope with the longer and hotter summer season.

refer : www.reuters.com

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