Fast Retailing Co’s strong overseas sales helped the company increase its first quarter operating profit by 25 per cent. 

The company’s profit during the quarter ended November 30, 2023 totaled 146.7 billion yen ($1.01 billion) compared to 117.1 billion yen a year earlier.

Fast Retailing has maintained its forecast for full-year operating profit at 450 billion yen, following record earnings of 381.1 billion yen in fiscal 2023. 

The company seeks to minimise the environmental impact of its business by building supply chains that protect human rights, health, and safety. It also aims to develop recycle-oriented products; and help tackle social issues.

The company’s premier brand Uniqlo reported a large increase in revenue and profit in China during the first quarter of this fiscal. It plans to open 80 new stores across the country including Hong Kong and Taiwan. Currently, the brand has 931 outlets in mainland China and 2,434 stores across the world. 

Uniqlo offers high-quality products made from highly functional materials. The brand’s apparels are available at reasonable prices.