Uniqlo owner set for record annual profit, all eyes on China showing

TOKYO: Japan’s Fast Retailing Co, owner of clothing brand Uniqlo, is expected to post a record annual profit today as the yen’s slump has boosted the value of its overseas sales even as soaring living costs dampen prospects for retailers.

The company, Japan’s biggest retailer, has posted strong performances in North America and Europe in the first three quarters of the fiscal year that ended in August, but investors will look for signs of a recovery in China, its biggest foreign market with nearly 900 stores.