Net profit of Japanese Fast Retailing increased by 9.5% in the first half of the year


Japanese company Fast Retailing, Asia's largest clothing retailer, reported on the results of the second financial half year ended in late February. During this period, its net profit increased in annual terms by 9.5%, reaching 114 billion 29 million yen. The company recorded a semi-annual operating profit of 172 billion 900 million yen, its growth was at 1.4%. Revenue amounted to 1 trillion 270 billion yen, an increase of 6.8%. All financial indicators during the earnings season reached record levels. At the same time, Uniqlo, the largest company's brand, reduced the profit margin of Japanese operations by 3.3%, which was due to discounts on its winter collection amid warm weather. In Japan, Uniqlo's operating profit fell by 24%, while revenue fell by 0.5%. At the same time, operating profit abroad increased by 9.6%, revenue jumped 14.3%.

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