Fast Retailing lifts guidance for fifth record year as Asia cluster becomes new growth engine
Uniqlo owner raised full-year guidance on 3.97 trillion yen revenue and 500 billion yen net profit. The South Korea/Southeast Asia/India/Australia cluster hit 617.6 billion yen, up over 30 percent, now a fifth of group sales, while Uniqlo International revenue rose 25.9 percent to 1.83 trillion yen.
Fast Retailing lifted full-year guidance for a fifth record year, with India named among fast-growing South Korea/Southeast Asia/Australia cluster now a fifth of group sales, up over 30 percent year-on-year.
Why this matters
Fast Retailing's upgraded guidance shifts its growth story toward the fast-expanding Asia cluster, which now rivals core markets as Uniqlo International outpaces domestic sales.
Retail-company signals accelerating, up 743000% QoQ.