Fast Retailing's share price rose 1.65% from the previous day. Nine-month revenue was ¥3.065 trillion, up 17.1% year on year, with the overseas UNIQLO business driving growth.
In Fast Retailing's nine-month cumulative results, revenue was ¥3.065 trillion, operating profit was ¥61.440 billion and net profit attributable to owners of the parent was ¥42.610 billion, representing year-on-year growth of 17.1%, 36.2% and 25.6%, respectively. The overseas UNIQLO business was the largest engine of growth, with revenue of ¥1.834 trillion and business profit of ¥34.530 billion.
Meanwhile, August domestic market data was weak, with visitor-based same-store sales down 1.3% year on year and total sales down 2.2%. Weather-related factors were cited as a cause of the decline in demand.
Analysts' price target was raised on 3 September from the previous ¥86,000 to ¥87,000. The market is assessing the balance between growth expectations and the stock's valuation.