Fast Retailing Co., Ltd., the parent company of Uniqlo, has raised its full-year earnings forecast despite ongoing global recession worries tied to US tariff disputes. The Japanese retail giant now anticipates an operating profit of 545 billion yen ($3.7 billion) for the year through August, marking a 2.8% increase from its previous projection. Net profit is expected to 410 billion yen ($2.8 billion), compared to 385 billion yen in the earlier forecast, reflecting a 6.5% increase.
The updated forecast comes alongside second-quarter results on Thursday, where operating income was revised upward to 545 billion yen, compared to 530 billion yen ($3.6 billion) previously. The company maintained its revenue target at 3.4 trillion yen ($23.32 billion).
Uniqlo, with over 30,000 employees, operates 2,541 stores across 24 countries, including the US and Europe.
