Fast Retailing’s net profit rose 23% in its first quarter.

For the September to November period, net profit increased to ¥38.4bn (£268.2m) from ¥31.15bn (£217.5m).

Sales rose 17% on last year to ¥318.14bn (£2.22bn) and domestic sales increased 8% to ¥204.7bn (£1.43bn).

The retailer’s sales from Uniqlo overseas rose 51.1% to ¥64.5bn (£450.4m) during the first quarter on the back of solid demand in Asian markets, including China and South Korea.