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Uniqlo owner keeps annual profit target, sees limited tariff impact
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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)

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