Pursuits
Fast Retailing Gains on Forecast for Higher Annual Profit
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Fast Retailing Co. rose to the highest level in six months in Tokyo trading after forecasting an increase in annual profit, driven by overseas growth of its Uniqlo casual-wear chain.
The shares rose 1.7 percent to close at 37,890 yen, the second-best performance on the benchmark Nikkei 225 Stock Average. The Nikkei fell 1.2 percent.