A day after announcing plans for big wage rises, the company said operating profit had been 117.1 billion yen ($889.82 million) in the three months to November 2022, compared with 119.4 billion yen a year earlier.

The consensus forecast was for 135.3 billion yen, according to the average of five analyst estimates collected by Refinitiv.

The company estimated full-year earnings to reach 350 billion yen.

Fast Retailing's share price slid 2% in Tokyo trade, compared to a flat benchmark Nikkei index.

($1=131.6000 yen)

(Reporting by Rocky Swift; Editing by Clarence Fernandez)