Fast Retailing posted a 31.8% increase in net income for the year ended August 31.

The clothing retailer revealed that group net profit surged to ¥71.65bn (£568.6m) compared with ¥54.35bn (£431.3m) the previous year.

Sales rose 13% to ¥928.67bn (£7.37bn) from ¥820.35bn (£6.51bn). Operating profit increased 8.7% to ¥126.4bn (£1bn) from ¥116.37bn (£923.5m).

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