Uniqlo Clothes Are Loved Outside Japan. Its Shares, Not So Much
- Record sales, profit not enough to lure more foreigners
- Fast Retailing valuations ‘insane,’ says Jefferies analyst
This article is for subscribers only.
While Fast Retailing Co.’s Uniqlo brand clothes are a big hit outside Japan, overseas investors haven’t been drawn to its shares.
Foreign shareholders account for about 18 percent, about half the average for the 10 largest Japanese companies, excluding former government-owned monopolies.