Uniqlo parent company Fast Retailing's operating profit up 16% y-o-y to a new high

On April 13, Fast Retailing Group, the parent company of Uniqlo, released its interim results for the 2023 fiscal year (the six months ended February 28, 2023), achieving a total revenue of 1,467.35 billion yen (about 75.8 billion yuan), a year-on-year increase of 20.4%. The operating profit increased by 16% year-on-year to 220.2 billion yen (about 11.4 billion yuan), setting a record high for two consecutive years. The company also realized a net profit of 153.392 billion yen (about 7.9 billion yuan), a year-on-year increase of 4.5%.