Wealth Of Uniqlo Billionaire Tadashi Yanai, Japan's Richest Person, Soars On Sales Uptick [Forbes]
FAST RETAILING UNSP/ADR (FRCOY)
NASDAQ:AMEX Investor Relations:
fastretailing.com/eng/ir
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Source: Forbes
Strong sales gave an eye-popping $11.8 billion boost to the net worth of retail tycoon Tadashi Yanai , Japan's richest person, whose fortune stands at $35.4 billion. In the six months through February 2023, his Tokyo-listed clothing empire Fast Retailing, parent of the Uniqlo fast-fashion chain, saw revenue rise over 20% on year to ¥1.5 trillion ($11.1 billion), helped by the tapering of pandemic restrictions and robust demand for its winter wear. Some two dozen countries outside of Japan contributed ¥755.2 billion to Uniqlo sales, and net profit increased nearly 5% to ¥153.3 billion. In January, Yanai announced plans to hike salaries of its staff and managers by upward of 40% in Japan to match the levels of its overseas operations. The company is aiming to build out a global workforce that can be deployed more flexibly. “I have said that we intend to send at least one-third of our employees overseas and bring one-third or half of the staff from overseas in order to create a genuin
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