Fast Retailing GAAP EPS of ¥1.47, revenue of ¥1.76B misses by ¥2.02B
Fast Retailing (OTCPK:FRCOY): Q3 GAAP EPS of ¥1.479.65 Revenue of ¥1.76B (+4.1% Y/Y) misses by ¥2.02B. Press release
Nikkei 225 Up 1% on Tech, Energy Sector Gains
05:48 AM EDT, 07/05/2022 (MT Newswires) -- The Nikkei 225 opened higher Tuesday and held onto ground, finishing up 1% as investors bought into energy stocks and beaten-down tech issues. The index had
A Peek Into The Markets: US Stock Futures Edge Higher; Crude Oil Falls
Pre-open movers U.S. stock futures traded slightly higher in early pre-market trade after the Dow Jones jumped around 140 points in the previous session following the release of jobs data. Investors a
Fast Retailing downgraded to Hold from Buy at Jefferies
Jefferies analyst Michael Jon Allen downgraded Fast Retailing to Hold from Buy with a price target of 64,600 yen, down from 88,200 yen, as he undertakes what he calls a "long-overdue de-rating" of Jap
Uniqlo's parent company plans to offer an annual salary of 1 billion yen to attract talents
Masaishi Yanai, founder of Fast Retailing Group, Uniqlo's parent company, revealed in a recent interview that the company plans to raise the maximum annual salary for social recruitment to 1 billion yen (about 55.524 million yuan) from 2022, more than his own annual salary of 400 million yen. hope to attract talents through high salaries. The company will recruit people who work at Fast Retailing's headquarters and are proficient in digital and e-commerce transactions (EC) and supply chains. "what we need is not consultants and people from big companies, but people who can create new value or start from scratch," Yanai points out. The number of recruitment is not set.
Operating profit of Fast Retailing, parent company of Uniqlo, increased by 5.6% in the first quarter.
Operating profit for the first quarter ended Nov. 30 rose 5.6% from a year earlier to 119.4 billion yen ($1.04 billion), better than expected and helped by sales growth in South Asia, North America and Europe, Uniqlo's parent company Fast Retailing Group said on Thursday. The company said its international division posted record first-quarter results, but revenue and profits fell in Japan and Chinese mainland. Fast Retailing reiterated his forecast for operating profit for the fiscal year to the end of August, which is expected to grow 8.4 per cent to 270 billion yen.
2 More Directors Depart from SoftBank Group: FT
SoftBank Group Corp (OTC: SFTBY) (OTC: SFTBF) directors Yuko Kawamoto and Ron Fisher will depart as board members, the Financial Times reports.High pressure from U.S. hedge fund Elliott Management and