Five Year Cooperation Agreement Signed By UNIQLO And Toray Will Launch Several New Cooperation Projects.

Toray and Japan It has been ten years since UNIQLO cooperation has been announced, and the two sides have announced a renewed five year cooperation agreement. A number of new cooperation projects will be launched.

The two sides plan to work together to build an end to end mode based on the Internet of things (IoT), reduce production deadlines, strengthen tools globalization, optimize factory products and develop production plants in Greater China. At the same time, in order to enhance the comfort and functionality of UNIQLO products and pursue new value added, we develop new sports products.

By the end of August, Uniqlo It recorded a turnover of 16800 billion yen (86 billion 800 million yuan), an increase of 22%. Operating profit reached 164 billion 500 million yen (8 billion 500 million yuan), which was lower than the previous yen of 200 billion yen. The company still aims at this year. UNIQLO has 841 stores in Japan and 798 in the rest of the world.

Toray company Spin Product business accounts for 43% of its total turnover. In the first half of September, its half year turnover reached 10285 billion yen (53 billion 200 million yuan), higher than the 94 billion 800 million yen in the first half of last fiscal year, when the growth rate was 11%.