Fast Retailing (9983:JP):Plunges After Profit Outlook Cut to 5-Year Low
-Parent of of Uniqlo
-Asia's largest clothing retailer cut FY8/16 profit forecast by a third
-overseas sales undermined by strong JPY and unexpectedly warm winter hurt demand (Negative on Japanese exporters)
http://www.bloomberg.com/news/articles/2016-04-08/fast-retailing-plunges-after-profit-outlook-cut-to-5-year-low
The negative sentiment may also spill over to Wing Tai, which has a JV with fast retailing for its Uniqlo brand in Singapore.
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