Japan’s Fast Retailing Profit Grows on Uniqlo, Seven & i Mixed

ld1yos8[l8or8(dor}l9gri2_media_dl_1.png BloombergArticle content(Bloomberg) — Japan kicks off its earnings season with the owners of Uniqlo and 7-Eleven stores. Earnings from the retail giants are expected to be a mixed bag, with uncertainty hovering over their outlook amid the Middle East conflict.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentFast Retailing Co.’s quarterly profit growth was probably sustained thanks to the performance of Uniqlo in Japan and overseas. The company’s raised full-year guidance in January was conservative, with upside potential in the second half of this fiscal year, SMBC Nikko Securities analyst Kuni Kanamori said.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentArticle contentWhile Seven & i Holdings Co. also raised its full-year net income guidance last quarter, the convenience store operator is expected to see its operating income decline year-on-year in the final quarter, consensus estimates show. Investors are watching for details on its planned US initial public offering and for additional share buybacks.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentHighlights to look out for:Article contentMonday: No notable earnings.Article contentTuesday: LG Energy Solution (373220 KS) may post an operating loss for the first quarter. The company plans to almost double its ESS battery capacity by the end of 2026, it said last month. Article contentWednesday: No notable earnings.Article contentThursday: Uniqlo parent Fast Retailing (9983 JP) should show an improvement in the first half amid stronger growth in overseas markets, while the recovery in Greater China will be in focus, Jefferies said. The company also plans to accelerate Uniqlo store openings in India to capture market share in the world’s most populous country. Article contentSeven & i’s (3382 JP) operating income for fiscal year 2026 was probably little changed. While same store sales growth in Japan is improving, a meaningful recovery in North America is elusive, Jefferies said. Investors will focus on whether the new management can drive real change and if upcoming buybacks are sufficient to support the stock, Jefferies added.Tata Consultancy Services’ (TCS IN) AI data centers business will be in focus as its deal with OpenAI to develop a 100 megawatt data center may be expanded to 1 gigawatt.

Chief Executive Officer K Krithivasan has also said the company is in advanced talks for more data centers. Comments on the outlook for deal wins should set the tone for IT sector earnings.Article contentFriday: Yaskawa Electric’s (6506 JP) full-year operating profit is projected to shrink 3%, though still meet its guidance. Margin support may come from robotics revenue growth, steady semiconductor-related demand and solid China export momentum, BI said. Article content—With assistance from Michael Sin.Article contentTrending U.S. within 'weeks' of oil shortages if war in Iran continues: Eric Nuttall Oil & Gas CRA denied taxpayer with multiple health issues the disability tax credit Personal Finance U.S. targets Canada’s cloud-computing move as trade irritant Economy The worst is yet to come for fuel prices: FP Video News Why rate watchers shouldn't take the Bank of Canada at its word Mortgages Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. U.S. within 'weeks' of oil shortages if war in Iran continues: Eric Nuttall Oil & Gas CRA denied taxpayer with multiple health issues the disability tax credit Personal Finance U.S. targets Canada’s cloud-computing move as trade irritant Economy The worst is yet to come for fuel prices: FP Video News Why rate watchers shouldn't take the Bank of Canada at its word Mortgages