TOKYO: Uniqlo owner Fast Retailing today posted a net profit of ¥151 billion for the third quarter (Q3), up 67% from a year earlier.

In the nine-month period to the end of May, the group’s consolidated revenue rose 9.9% to  ¥1.69 trillion mainly due to strong results in Japan and greater China. 

Fast Retailing posted a 72% rise in its operating profit to ¥227 billion.

Fast Retailing slightly lowered its forecast for the 12 months that will end in August. 

It now expects revenue to increase 7% from the previous fiscal year to ¥2.15 trillion, and operating profit to rise 64% to ¥245 billion. 

Previously, the forecasts were ¥2.21 trillion and ¥255 billion, respectively.

Earlier this month, it was found that French prosecutors are investigating Fast Retailing and other global apparel makers suspected of concealing crimes against humanity in China’s Xinjiang region.

Fast Retailing on July 2 announced that it will “fully cooperate” with the investigations.