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Fast Retailing said its operating profit rose 29.4% to 189.8 billion yen ($1.19 billion) The company raised its full-year operating profit.
Fast Retailing raised its full-year operating profit forecast to 700 billion yen from 650 billion yen.
KEY POINTS
- Second-quarter operating profit rose 29.4%, surpassing analyst estimates by over 28 billion yen.
- Teijin Frontier, a key supplier, will increase polyester fibre prices by 20% due to higher oil prices.
- Fast Retailing expects no major production or logistics impact from the Middle East conflict for fiscal 2026.
- Growth in China has slowed, leading to store closures and restructuring for Fast Retailing.
COMPANIES
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