The operator of the Uniqlo casual clothing chain says it has just passed an important milestone, the brand's overseas sales topped those at home in Japan for the first time for a fiscal half-year.
Fast Retailing is aggressively expanding overseas operations and the boss is pumped.
Fast Retailing CEO Tadashi Yanai said, "I'm feeling more excited than ever before in my life. Our clothes have achieved wide brand recognition around the world."
The chain's overseas sales jumped 29% to 4.7 billion dollars in the six months through February.
Domestic revenue came to 4.6 billion.
Thermal underwear and light down jackets sold well in China and South Korea.
Fast Retailing revised its outlook up. It now expects record sales and net profit for the whole year through August.
The Tokyo metropolitan government aims to ban indoor smoking at all restaurants with employees in the Japanese capital, Governor Yuriko Koike said Friday. (Jiji)
A company that developed a smartphone application for the Japanese board game shogi has been listed on the Tokyo Stock Exchange. But the initial public offering ended without an opening price as there were too many orders to buy its shares. (NHK)
Japan's Takeda Pharmaceutical has proposed to buy Irish competitor Shire for over 60 billion dollars. If completed, the deal would be one of the biggest acquisitions of a foreign firm by a Japanese company. (NHK)
NHK has learned that the operator of a popular app used for buying and selling goods in Japan is expected to be listed on the Tokyo Stock Exchange. (NHK)
Japanese tax authorities have found that Softbank Group Corp. <9984> failed to declare 93.9 billion yen in taxable income over the four years through March 2016, it was learned Wednesday. (Jiji)
Major Japanese advertising agency Dentsu Inc. will introduce a uniform monthly day off on a trial basis from June, aiming to improve productivity by allowing more private time for its workers. (Japan Times)
SoftBank Group Corp. is among several potential buyers for U.S. newspaper publisher Tronc, U.S. online news outlet Axios reported Monday, quoting a source familiar with the situation. (Kyodo)
The operator of the Uniqlo casual clothing chain says it has just passed an important milestone, the brand's overseas sales topped those at home in Japan for the first time for a fiscal half-year. (NHK)