Strong Uniqlo Japan Results Offset by Impairment and Foreign Exchange Loss in the Fourth Quarter
Fast Retailing’s 2016 revenue and operating profit (including impairments) were JPY 1,786 billion and JPY 127 billion, broadly in line with the group’s guidance of JPY 1,800 billion and JPY 120 billion issued in July. Profit before tax was JPY 90 billion, higher than our JPY 78 billion forecast and the group’s guidance of JPY 83 billion. Net income was JPY 48 billion, versus our estimate of JPY 44 billion and the guidance of JPY 45 billion. 2017 revenue, business profit (gross profit less sellin...Fast Retailing is engaged in the control and management of overall group activities as a holding company. Co., through its subsidiaries, is mainly involved in the operation of chain stores, selling casual clothing and accessories at reasonable prices, called "UNIQLO" throughout Japan as well as in overseas. Co., through its subsidiaries, is also engaged in the planning, manufacture and sale of clothing under the brand names of "GU," "Theory," "COMPTOIR DES COTONNIERS," "PRINCESSE tam.tam" and "J Brand." In addition, Co. is engaged in the leasing of real estate.
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