Tokyo - Delayed Quote • JPY Fast Retailing Co., Ltd. (9983.T) Follow Compare 49,570.00 +470.00 +(0.96%) At close: 3:30:00 PM GMT+9 All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Fast Retailing reports 10.4% revenue growth in Q1 FY25 Business profit increased by 11.0%, totalling Y156.9bn over the quarter. Fast Retailing Posts Q1 Profit Despite Uniqlo China Declines Fast's Uniqlo business in China was impacted by incorrect inventory allocation, while the Southern U.S. region was cited for strong growth. Trending tickers: Nvidia, Costco, eBay, M&S and Tesco The latest investor updates on stocks that are trending on Thursday. Uniqlo operator posts higher Q1 profit despite sluggish China results The operator of the Uniqlo global clothing chain reported first quarter results on Thursday that trailed analyst forecasts as a sharp decline in profit in China overshadowed strong sales in its home market of Japan. Fast Retailing said operating profit rose 7.4% to 157.6 billion yen ($996.84 million) in the three months through November from a year earlier. Fast Retailing maintained its full-year operating profit forecast of 530 billion yen, on course for a fourth year of record earnings. Japan's consumer mood worsens, casting doubt on rate hike timing Japan's consumer sentiment deteriorated in December, a government survey showed on Wednesday, casting doubt on the central bank's view that solid household spending will underpin the economy and justify a rise in interest rates. The results precede the Bank of Japan's policy meeting on Jan. 23-24, when some analysts anticipate a potential interest rate increase from the current 0.25%. An index measuring consumer sentiment fell to 36.2 in December, a 0.2 point drop from the previous month, according to the survey by the Cabinet Office. Uniqlo among retailers to stop hiring gig economy workers over employee rights claims Gymshark also said they had halted hiring through certain platforms Stocks to watch this week: Shell, Walgreens Boots Alliance, M&S and Greggs Earnings preview of key companies reporting this week and what to look out for. UK high street retailers accused of recruiting young workers without employment rights over Christmas Major brands allegedly drafting in ‘freelance’ shop assistants through gig apps for busy festive season 4 designers who moved downmarket in 2024 As younger consumers gravitate toward streetwear and shy away from luxury, new creative directors are bringing an elevated aesthetic to accessible fashion. Uniqlo criticised in China after BBC report of CEO's Xinjiang comments BEIJING (Reuters) -Casual wear giant Uniqlo is facing a storm of online criticism in China after a BBC report quoted the chief executive of its owner as saying the company does not source cotton from the far western region of Xinjiang. The British Broadcasting Corporation published an interview on Thursday with Tadashi Yanai, the chief executive of Fast Retailing, in which it asked him if the Japanese retailer sourced cotton from the region. "With this kind of attitude from Uniqlo, and their founder being so arrogant, they're probably betting that mainland consumers will forget about it in a few days and continue to buy," one user wrote. Uniqlo's chief says fast fashion must change with the times Forty years after its founding, Japanese clothing retailer Uniqlo has more than 2,500 stores worldwide. Sales at its parent company, Fast Retailing Co., recently topped 3 trillion yen ($20 billion) annually for the first time. The name Uniqlo comes from joining the words for “unique” and “clothing.” From Search Engines to Answer Engines We also talk about the Supermicro drama. Fast Retailing’s record FY24 sees Uniqlo return to growth in home market The FY24 revenue for Uniqlo and Gu owner Fast Retailing has topped JPY3tn ($2.13bn) for the first time with an industry expert noting it was driven by its Uniqlo brand, which returned to significant growth in its home market of Japan. Uniqlo operator posts 3rd year of record profit, founder sets aim at Western markets TOKYO (Reuters) -The Japanese operator of the Uniqlo clothing chain booked its third consecutive year of record earnings on Thursday, with its leader laying out an aggressive plan for global growth. After Fast Retailing crossed 3 trillion yen ($20 billion) in revenue for the first time, Chief Executive Tadashi Yanai said the company was aimed at domination in Western markets on its way to annual sales beyond 10 trillion yen. "If we want to be truly the top global brand, we would not be able to claim that unless we can become number one in both of those regions, North America as well as Europe," said Yanai, who founded the Uniqlo brand 40 years ago. Uniqlo owner seen posting 24% annual profit surge on brand's overseas push TOKYO (Reuters) -The Japanese owner of casual wear giant Uniqlo is projected to beat its own forecast in what would be a third straight year of record profits as its brand makes inroads in western markets and its business in China recovers. Fast Retailing's shares have been on a tear, reaching a record high this week. Key factors going forward will be sales of fall and winter items in Japan and whether the company can reinvigorate its business in China, according to independent analyst Mark Chadwick. Stocks to watch this week: Tesla, PepsiCo, Delta Air Lines, BNY and Imperial Brands Earnings preview of key companies reporting this week and what to look out for. Uniqlo sister brand GU announces collaboration with Rokh The 22-piece womenswear collection offers tailored separates and will be available in the Fast Retailing-owned company’s New York store beginning Oct. 18. Fast Retailing President Tadashi Yanai Talks Uniqlo Philosophy, Growth at LifeWear Launch in Paris The company brought Clare Waight Keller and Roger Federer to open an exhibit of its clothing and technology. UNIQLO plans to open two new stores in India The new stores will offer UNIQLO's LifeWear collections for men, women, children and infants. Shuffle Board: Mango Appoints E-Commerce Exec, PVH Names EMEA CEO Marlies Hersbach moves up at Mango while H&M alum Fredrik Olsson becomes PVH’s CEO of the EMEA region. Performance Overview Trailing total returns as of 1/23/2025, which may include dividends or other distributions. Benchmark is Nikkei 225 Return 9983.T Nikkei 225 YTD -7.90% +0.16% 1-Year +25.95% +9.42% 3-Year +126.78% +45.19%