Uniqlo Parent Forecasts Slower Japan Sales on Cool Summer

Fast Retailing Co. fell by the most in more than a year after the apparel retailer raised doubt about meeting sales targets for Uniqlo sales in Japan, saying unseasonably cool weather has damped demand for summer clothes.

The shares closed down 6 percent at 54,010 yen by the end of Tokyo trading Friday, the biggest slide since April 2014. The shares had gained 23 percent so far this year, outperforming the 13 percent gain in the benchmark Topix index.