Xinhua Finance Tokyo, January 11 (Reporter Liu Chunyan Zhong Ya) Uniqlo's parent company, Fast Retailing, released the company's financial report for the first quarter of the new fiscal year on the 11th, saying that benefiting from the rapid recovery of sales in the Chinese market, Fast Retailing Group's sales and profits rose sharply from September to November 2023.
According to the financial report, Fast Retailing's global sales in the fiscal quarter increased by 13% year-on-year2% to 810.8 billion yen; Net profit was 107.8 billion yen, up 26% year-on-year7%。Operating profit, which shows the profit of the Group's main business, was 146.7 billion yen, a year-on-year increase of 253%。
One of the main reasons for the significant improvement in Fast Retailing's performance is the rapid recovery of Uniqlo's sales in the Chinese market, which has led to a significant increase in sales and profits in its overseas business. At present, Uniqlo's sales in China account for more than 40% of its overseas business. In addition, the slowdown in the pace of the rapid depreciation of the yen in the quarter also eased the pressure on the sharp rise in fast-retailing's procurement costs.
On the day of the earnings report, Fast Retailing** was in Tokyo***232%。
Editor: Luo Hao.
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