Fast Retailing, the Japanese owner of clothing giant Uniqlo, has reported a significant 29.4% increase in its second-quarter operating profit. The company posted 189.8 billion yen ($1.19 billion) in profit for the three months ending in February, surpassing analyst estimates.
This robust performance precedes potential disruptions from the Middle East crisis impacting global markets and supply chains. Fast Retailing has also raised its full-year profit forecast in response to the strong quarterly results.