Fast Retailing Plunges as Profit Forecast Cut to 5-Year LowBy and
Stronger yen, unexpectedly warm winter weather hurt earnings
Shares take biggest plunge since Japan's March 2011 earthquake
Fast Retailing Co. fell the most in five years in Tokyo trading, wiping about $3.8 billion off the company’s market value, after cutting its profit forecast by a third on a stronger yen and weak demand for the casual clothing maker’s down coats and thermal underwear.
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