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Fast Retailing Net Forecast Misses Estimates on Weak Sentiment

Uniqlo flagship in Tokyo | Source: Courtesy (Courtesy)

Bloomberg

10 October 2013

TOKYO, Japan — Fast Retailing Co., Asia's largest clothing retailer, forecast profit that missed analyst estimates amid weak consumer sentiment in Japan.

Net income will probably be 92 billion yen ($941 million) for the year ending August 2014, the company said today in a statement. That’s lower than the 99.3 billion yen average of 19 analyst estimates compiled by Bloomberg. Sales may reach 1.33 trillion yen in the year, the company said.

By Yuki Yamaguchi; Editors: Dave McCombs, Anjali Cordeiro

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Tokyo, Japan

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