By Kosaku NariokaFast Retailing said Thursday that nine-month net profit increased 0.3% from a year earlier thanks to strong sales and boosted its full-year earnings guidance. The Uniqlo owner said net profit rose to 238.52 billion yen ($1.72 billion) for the nine-month period ended May 31, from Y237.84 billion a year earlier. Third-quarter net profit was Y85.13 billion, given net profit of Y153.39 billion in its first half, according to a Wall Street Journal calculation. Nine-month Uniqlo revenue increased for all reported regions. Fast Retailing raised its revenue and net profit forecasts for the fiscal year ending August, citing strong third-quarter results.

Source: Wall Street Journal July 13, 2023 12:59 UTC