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Fast Retailing: Profit was 146.7 billion yen ($1.01 billion) in the three months through November compared with 117.1 billion yen a year earlier. The consensus forecast was for 137.9 billion yen, according to the average estimate of five analysts surveyed by LSEG.
TOKYO : Japan's Fast Retailing Co, owner of clothing brand Uniqlo, posted a 25 per cent jump in first quarter operating profit on Thursday fuelled by strong overseas sales as it charts a third-straight year of record earnings.Profit was 146.7 billion yen ($1.01 billion) in the three months through Novembe
Cast have dropped their wistful new single 'Faraway', taken from their forthcoming album 'Love Is The Call' out February 16.
(Bloomberg) -- Nippon Steel Corp. defended the whopping premium it’s paying for United States Steel Corp., as the Japanese company seeks to reinforce its position as a global titan amid a weak domestic outlook.Most Read from BloombergApple to Halt US Sales of Smartwatches After Patent LossApple Plans Rescue for $17 Billion Watch Business in Face of BanGulf Splits Hinder US Efforts to End Houthi Ship AttacksUS Frackers Return to Haunt OPEC’s Pricing StrategyUS Announces New Task Force to Counter
Nippon Steel plans to acquire U.S. Steel for $14.9 billion, justifying the 142% premium with "sufficient economic rationale," despite a 5.5% drop in its shares. The move aims to expand the Japanese giant's global steel capacity to 100 million metric tons. The deal, priced at 7.3 times U.S. Steel's EBITDA, positions Nippon Steel among the top 3 global steelmakers.