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Fast Retailing Plunges in Tokyo After Profit Forecast Cut

Uniqlo's Global Flagship, Ginza District, Tokyo | Source: Fast Retailing
By
  • Bloomberg

Net income will be about 88 billion yen ($866 million) for the year ending August, lower than a previous forecast of 92 billion yen, the Yamaguchi, Japan-based company said yesterday. That compared with the 94.5 billion-yen average of 19 analyst estimates compiled by Bloomberg.

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