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Fast Retailing Profit Jumps 32%, Beats Forecast

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Story summary
  • Fast Retailing posted a 32% rise in annual profit, beating its own forecast.
  • Revenue climbed 17% to a record ¥3.96 trillion ($25 billion).
  • Operating profit reached ¥743.13 billion ($4.70 billion), surpassing the ¥730 billion forecast.
  • North America and Europe generated ¥877.6 billion, outpacing ¥724 billion from Greater China.
  • Fast Retailing forecasts ¥830 billion operating profit next fiscal year despite a weak yen.