Fast Retailing drops 4 pct after keeping forecast unchanged

TOKYO, April 12 Thu Apr 11, 2013 8:13pm EDT

TOKYO, April 12 (Reuters) - Shares of Fast Retailing Co Ltd dropped 4.1 percent to 33,150 yen on Friday as investors were disappointed that the owner of the Uniqlo clothing chain kept its annual operating profit forecast unchanged despite a jump in its domestic March sales.

The company kept its operating profit estimate at 147.5 billion yen ($1.5 billion), below analysts' forecast of 149.9 billion yen.

Fast Retailing was the most-traded stock on the main board by turnover.

($1 = 99.5500 Japanese yen) (Reporting by Dominic Lau; Editing by Chris Gallagher)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.