Fast Retailing, the parent company of Uniqlo, has decided to keep its fiscal year performance forecast unchanged. The company anticipates that early shipments of its products to the North American market will mitigate the impact of potential U.S. tariff increases.
According to Fast Retailing, regardless of changes in tariff rates, the effect on the fiscal year 2025 is expected to be limited. The company has already exported a significant volume of products to the United States. Most of the items Uniqlo sells in the U.S. are manufactured in Southeast Asia and South Asia.
Fast Retailing reported a 1.4% increase in operating profit for the third quarter ending in May, reaching 146.7 billion yen (approximately $1 billion). This figure fell short of analysts' median forecast of 153.8 billion yen, according to a survey by LSEG. Despite this, the company has maintained its full-year operating profit forecast at 545 billion yen.
