TOKYO, Japan — Fast Retailing, the parent company of Uniqlo, reported a net profit of 151 billion yen for the third quarter, increasing 67 percent over the previous year. The group’s consolidated revenue increased 9.9% to 1.69 trillion yen in the nine months to the end of May, owing to excellent results in Japan and Greater China. Fast increased its operating profit by 72 percent to 227 billion yen. Fast Retailing has lowered its 12-month prediction for the period ending in August. It now anticipates sales to rise 7% to 2.15 trillion yen from the previous fiscal year, and operating profit to rise 64% to 245 billion yen. The previous estimates were 2.21 trillion and 255 billion yen, respectively. Fast and other worldwide apparel producers are being investigated by French prosecutors for allegedly hiding crimes against humanity in China’s Xinjiang region, according to reports released earlier this month. Fast declared on July 2 that it will “completely comply” with the probes./n
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