Uniqlo Owner Raises Profit View
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Fast Retailing Raises Profit Outlook on Strong Overseas Sales and Yen Depreciation
Japanese company Fast Retailing has raised its profit outlook, anticipating a 23% increase to a record 365 billion yen ($2.26 billion) for the fiscal year ending August 31. The boost is attributed to the strong growth in overseas sales and the depreciation of the yen. Sales for the same period are projected to reach Y3.07 trillion. Fast Retailing is the parent company of the Uniqlo clothing brand.