Fast Retailing FY Net Profit Surges 32%

Fast Retailing Co FRCOY posted a 32% rise in its profit for the year ended August. Fast Retailing's net profit for the period surged to Y71.65 billion, from Y54.35 billion, in the year-ago period. Its revenue rose 13% to Y928.67 billion from Y820.35 billion. However, operating profit increased 8.7% to Y126.45 billion from Y116.37 billion. For the current business year, Fast Retailing expects net profit of Y84.5 billion on revenue of Y1.056 trillion. Fast Retailing shares closed at $23.06 yesterday.