Fast Retailing Rises After Profit Outlook Tops Projections
- Results for just-ended fiscal year also topped estimates
- Uncertainties loom while company shifts gaze to North America
Fast Retailing’s shares have climbed more than 28% this year as Japan’s weak currency helps to lift reported profits and the impact of the pandemic and war in Ukraine recede.
Photographer: Noriko Hayashi/BloombergThis article is for subscribers only.
Uniqlo owner Fast Retailing Co. rose the most in three months after the company issued an outlook for profit and sales for the current fiscal year ahead of analysts’ projections.
The stock rose as much as 6.9% in early trading in Tokyo Friday, the largest intraday gain since July 15.