FAST RETAILING Yen depreciation raises profit outlook to record high

FAST RETAILING, which develops UNIQLO and other companies, has revised its final profit outlook for the year ending August upward due to factors such as the depreciation of the yen boosting overseas profits.

The company's final profit forecast for this period is 250 billion yen, an increase of 60 billion yen from previous forecasts, and is expected to reach a record high.

This is because sales are growing in Southeast Asia, Europe and the United States, and the rapid depreciation of the yen has greatly boosted overseas profits.

At the press conference, Director Ken Okazaki said, "To develop a business in the world, global investment is required, so the weakening of the Japanese yen is by no means a plus."