• Q3 profit jumped 56% to JPY22.9bn
  • Sales up 24.3% to JPY270.9bn
  • All brands reported sales increases

Japan's Fast Retailing, owner of the Uniqlo casual clothing brand, has reported a hike in third-quarter net profit, boosted by higher sales across all of its brands. 

Net income reached JPY22.9bn (US$230.5m) for the three months to May, up 56% from the same period last year, while net sales increased 24.3% to JPY270.9bn.

At Uniqlo Japan, profit slipped 5.4% to JPY19.3bn, despite an 11.3% increase in sales to JPY154.4bn and a 9.3% gain in same-store sales.

Uniqlo International, meanwhile exceeded company forecasts with a 60.7% sales hike to JPY60.6bn, driven by accelerated store openings in China, Hong Kong and Taiwan.

Fast Retailing saw sales at its global brands rise 34.3% to JPY55.1bn but profit fell due to a contraction at Comptoir des Cotonniers and Princesse tam.tam.

"While our low-priced GU casualwear brand continued to generate strong results, the extremely poor weather in Europe this spring pushed performance at France-based Comptoir des Cotonniers and Princesse tam.tam below target and the two brands reported a dip in profits," the company said. 

Year-to-date net income grew 21.9% to JPY88.4bn, while sales rose 19.1% to JPY885.8bn.