financetom
Business
financetom
/
Business
/
Uniqlo owner keeps annual profit target, sees limited tariff impact
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Uniqlo owner keeps annual profit target, sees limited tariff impact
Jul 10, 2025 1:28 AM

TOKYO, July 10 (Reuters) - Japan's Fast Retailing ( FRCOF )

, owner of the Uniqlo clothing brand, on Thursday kept

its full-year forecast, as it expected early shipments of its

products to the North American market to limit the impact of

higher U.S. tariffs.

U.S. President Donald Trump has set a new August 1 deadline

for "reciprocal" tariff rates, which will affect nearly all

trading partners, unless negotiations in the coming weeks lead

to reductions.

"FY2025 impact is likely to be limited, whatever the tariff

rate," Fast Retailing ( FRCOF ) said in an earnings statement, adding it

has already shipped a substantial number of products to the U.S.

The majority of Uniqlo products sold in the U.S. are

produced in Southeast Asia and South Asia.

In a letter on Wednesday, Trump notified Sri Lanka, a major

apparel exporter to the U.S., would face a 30% tariff from

August 1. Its competitor Vietnam faces a lower 20% U.S. tariff

but trans-shipments from third countries through Vietnam will

face a 40% levy, Trump said last week.

Fast Retailing ( FRCOF ) said operating profit in the three months to

May 31 rose 1.4% to 146.7 billion yen ($1.00 billion), below a

consensus forecast of 153.8 billion yen based on a LSEG poll of

five analysts.

The company kept its full-year operating profit forecast at

545 billion yen.

($1 = 146.3600 yen)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Why Is Sidus Space Stock Gaining Tuesday?
Why Is Sidus Space Stock Gaining Tuesday?
Dec 17, 2024
Sidus Space, Inc. ( SIDU ) shares are trading higher on Tuesday following the announcement of a securities offering. Sidus has entered into definitive agreements with accredited and institutional investors for the issuance and sale of units in a brokered private placement. Each unit consists of shares of Class A common stock (or pre-funded warrants in lieu thereof) paired with...
JE Cleantech Unit Agrees to Sell Industrial Property in Singapore
JE Cleantech Unit Agrees to Sell Industrial Property in Singapore
Dec 17, 2024
11:13 AM EST, 12/17/2024 (MT Newswires) -- JE Cleantech Holdings ( JCSE ) said Tuesday that its JCS-Echigo unit signed a deal to sell a leasehold industrial property in Singapore to a third-party buyer for about SG$7.4 million ($5.5 million). The cleaning equipment supplier expects the deal to close by June 30, subject to certain conditions. JE Cleantech ( JCSE...
Vertiv Hldgs Unusual Options Activity For December 17
Vertiv Hldgs Unusual Options Activity For December 17
Dec 17, 2024
Whales with a lot of money to spend have taken a noticeably bullish stance on Vertiv Hldgs ( VRT ). Looking at options history for Vertiv Hldgs ( VRT ) we detected 14 trades. If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 35% with...
Fuji Soft Expresses Support for KKR's Second Tender Offer
Fuji Soft Expresses Support for KKR's Second Tender Offer
Dec 17, 2024
11:15 AM EST, 12/17/2024 (MT Newswires) -- KKR's (KKR) second tender offer for Fuji Soft's common shares and share options received the Japanese IT company's support despite a new offer from Bain Capital, according to a Fuji Soft statement Tuesday that was translated from Japanese. Bain Capital increased its offer price for Fuji Soft to 9,600 Japanese yen ($63) per...
Copyright 2023-2026 - www.financetom.com All Rights Reserved