Japan’s Fast Retailing Profit Grows on Uniqlo, Seven & i Mixed

Japan kicks off its earnings season with the owners of Uniqlo and 7-Eleven stores. Earnings from the retail giants are expected to be a mixed bag, with uncertainty hovering over their outlook amid the Middle East conflict.

Fast Retailing Co.’s quarterly profit growth was probably sustained thanks to the performance of Uniqlo in Japan and overseas. The company’s raised full-year guidance in January was conservative, with upside potential in the second half of this fiscal year, SMBC Nikko Securities analyst Kuni Kanamori said.