Fast Retailing Co. has reported record profits and sales for the fiscal year through August, propelled by strong sales at its Uniqlo Co. casual clothing brand in Asia and Oceania.

The operator of the Uniqlo chain expects another the current business year to set another record, led by solid demand in China.

The fashion retailer said Thursday that group net profit rose 5.0 percent to a record ¥162.58 billion ($1.5 billion) in the fiscal year ended Aug. 31.