The Japanese firm said Thursday (October 12) that full year operating profit jumped 28% to over $2.5 billion.

That was better than analysts had forecast.

The clothing chain was boosted by a recovery in demand in China after lockdowns were lifted.

Uniqlo has 930 stores in the country, making it a bellwether for retailers operating there.

A weaker yen also helped.

Japan's currency is down around 12% versus the dollar this year, boosting the value of the firm's earnings overseas.

Now the company known for its inexpensive basics is predicting another record over the coming fiscal year.

Fast Retailing was founded by Tadashi Yanai, Japan's richest man.

He still owns close to a fifth of the company's stock, with Forbes valuing his family's net worth at around $34 billion.