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Top related persons:
Daisuke Tsukagoshi - 2 Tadashi Yanai - 2 Rocky Swift - 2 Thomas Peter - 1 Muralikumar Anantharaman - 1 Jamie Freed - 1 Oshadhi Kumarasiri - 1 I'm - 1
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Retailing - 2 Japan's - 2 Forbes - 2 Thomson - 2 REUTERS - 1 Rights - 1 Nikkei - 1

Search resuls for: "Daisuke Tsukagoshi"


3 mentions found


☆ Uniqlo owner Fast Retailing annual profit rises 28% to fresh record
  + stars: | 2023-10-12 | by ( ) www.reuters.com   time to read: +2 min
[1/2] A customer looks at a cardigan in a store of the Uniqlo fast fashion retailer in the Sanlitun shopping district in Beijing, China, November 6, 2021. REUTERS/Thomas Peter/File photo Acquire Licensing RightsTOKYO, Oct 12 (Reuters) - Japan's Fast Retailing Co (9983.T), owner of clothing brand Uniqlo, reported on Thursday that full-year operating profit rose 28% to reach its second consecutive record, aided by a post-pandemic recovery in China and the yen's slide. Profit was 381.1 billion yen ($2.56 billion) in the 12 months through August compared with 297.3 billion yen, the previous all-time high, a year earlier. Operating profit is expected to rise to reach another record of 450 billion yen next fiscal year, the company said. When its Chinese operations suffered during strict COVID-19 restrictions, Fast Retailing put increased focus on markets in North America and Europe.
Persons: Thomas Peter, Daisuke Tsukagoshi, Tadashi Yanai, Rocky Swift, Muralikumar Anantharaman, Jamie Freed Organizations: REUTERS, Rights, Retailing, Japan's, Forbes, Thomson Locations: cardigan, Beijing, China, Japan, North America, Europe
☆ Uniqlo owner set for 26% profit surge on China rebound, yen slide
  + stars: | 2023-10-11 | by ( Rocky Swift | Thomson Reuters | Reports Mainly On Pharma | ) www.reuters.com   time to read: +2 min
Operating profit for the fiscal year through August is expected to rise 26% to 374.6 billion yen ($2.52 billion), according to the average estimate of 12 analysts collected by LSEG. The company has forecast 370 billion yen, which would far exceed last year's 297.3 billion yen. Consensus estimates could be underplaying the company's results given the recovery in China, the weak yen, and strong performance in the United States and Europe, said LightStream Research analyst Oshadhi Kumarasiri. "I'm expecting a positive earnings surprise and a strong set of guidance for next year," added Kumarasiri, who publishes on the Smartkarma platform. Fast Retailing's shares are up 22% in 2023, about even with the gain in the benchmark Nikkei index (.N225).
Persons: Tadashi Yanai, Oshadhi Kumarasiri, I'm, Daisuke Tsukagoshi, Uniqlo, Yanai, Rocky Swift, Varun Organizations: Retailing, Japan's, Forbes, Nikkei, Thomson Locations: TOKYO, China, United States, Europe, doldrums, North America
☆ Fast Retailing's Uniqlo to add stores in North America
  + stars: | 2023-04-26 | by ( Arriana Mclymore | Thomson Reuters | Arriana Mclymore Is A New York-Based Reporter Covering E-Commerce | ) www.reuters.com   time to read: +2 min
NEW YORK, April 26 (Reuters) - Fast Retailing's (9983.T) Uniqlo plans to expand its existing stores in North America by 10%, according to one of its executives. Fast Retailing reported a 16.4% rise to 220 billion yen ($1.65 billion) in first-half operating profit earlier this month. The company also raised its full-year profit forecast to 360 billion yen ($2.7 billion) from 350 billion yen ($2.63 billion). Daisuke Tsukagoshi, Uniqlo North America chief executive, said in an email to Reuters that the chain chose to launch the Ottawa and Calgary stores after seeing a "strong online presence" there. Sweden's fast fashion giant H&M has more than 738 stores in North and South America as of February 2023, according to the retailer's website.
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