Asia’s largest retailer, Fast Retailing Co., sees profits growing slightly beyond analysts’ expectations this fiscal year, driven by a robust recovery from the COVID-19 pandemic in the Uniqlo owner’s key China and Japan markets.

Operating profit will probably be ¥245 billion ($2.3 billion) for the year through August 2021, the company said in a statement Thursday. That compares with an average analyst estimate of ¥242.4 billion.

Sales are seen at ¥2.2 trillion, roughly in line with average analyst expectations of ¥2.28 trillion.