MADRID, 13 Abr. (EUROPA PRESS) –
Fast Retailing, parent company of the Japanese fashion firm Uniqlo, closed the first half of its fiscal year with an attributable net profit of 153,392 million yen (1,049 million euros), which is equivalent to an increase of 4.5% compared to with the earnings of the same period of the previous year, reported the company, which has revised its forecast of results upwards.
The company’s turnover between September 2022 and February 2023 grew by 20.4%, up to 1.46 trillion yen (9,980 million euros), with a growth of 11.9% in sales in Japan, up to 495,100 million yen (3,386 million euros) and 27.3% internationally, up to 755,200 million yen (5,165 million euros).
“This record performance is proof that the policies we began to implement last year are paying off,” the multinational said, noting the particularly strong growth of Uniqlo’s operations in Southeast Asia, North America and Europe.
In this way, the company has revised upwards its expectations for the fiscal year as a whole, when it expects to reach a turnover of 2.68 trillion yen (18,330 million euros), which represents an increase of 1.1%. with respect to the previous forecast and would improve the income of the previous year by 16.5%.
Likewise, Fast Retailing has improved its profit forecast for the fiscal year as a whole, up to 240,000 million yen (1,641 million euros), which implies an upward revision of 4.3% compared to the previous forecast, although a 12.2% below the result recorded last year.
On the other hand, the company has indicated that its objective is to continue expanding its operations in China and Southeast Asia, India and Australia, while in North America and Europe its objective is to further expand the scale of the business by reinforcing the marketing and accelerating the opening of new stores.
