Fast Retailing's Fiscal Q1 Profit Jumps 22%; Tokyo Shares Dip 7%

MT Newswires Live

01/10

Fast Retailing's (HKG:6288, TYO:9983) attributable profit rose 22% to 132 billion yen in the fiscal first quarter from 107.8 billion yen in the year-ago period, according to a Thursday filing with the Hong Kong stock exchange.

Earnings per share at the fast fashion company increased to 429.51 yen from 350.88 yen in the previous year.

Revenue grew 10% to 895.2 billion yen from 810.8 billion yen a year earlier.

The retail company expects fiscal year 2025 attributable profit to rise 3.5% to 385.5 billion yen and EPS is seen to reach 1,255.14 yen for the entire year. Revenue is forecast to grow 9.5% to 3.400 trillion yen.

Shares fell 7% in Tokyo and 4% in Hong Kong during Friday's morning trading.

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