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Fast Retailing Co. forecast lower profits this fiscal year than analysts are expecting after losses at its Uniqlo and J Brand businesses in the U.S. hurt last year’s earnings.

Net income will probably rise 4.5 percent to ¥115 billion ($960 million) in the year ending August 2016, the Yamaguchi-based company said in a statement Thursday. That’s less than the ¥141.6 billion average of 14 analyst estimates compiled by Bloomberg.

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