business / news / / The Hindu Business Line
Fast Retailing said its operating profit rose to 189.8 billion yen ($1.19 billion) in the three months through February from 146.7 billion yen a.
Fast Retailing raised its full-year operating profit forecast to 700 billion yen from 650 billion yen.
KEY POINTS
- Teijin Frontier, a Uniqlo supplier, will increase polyester fibre prices by 20 percent due to oil costs.
- Fast Retailing's China growth has slowed, leading to store closures and restructuring in that market.
- The company faces new cost pressures from the Middle East conflict, impacting its Asia-based supply chain.
COMPANIES
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