S/ Yanai Tadashi, Fast Retailing CEO / We cannot be the only ones to avoid raising prices.

Fast Retailing CEO Yanai Tadashi made the remarks on April 9 as the company that operates Uniqlo and other clothing stores announced its financial results.

He indicated that his company would have no choice but to raise product prices if the spike in crude oil prices caused by the situation in the Middle East continues for an extended period.

Yanai also spoke about operational risks.

S/ Yanai Tadashi, Fast Retailing CEO / This kind of thing is constant. If you work with a sense of crisis, you have to think that situations like this are the norm. I think the coming era is one that is not defined by countries but one in which it is important for private companies and individuals to firmly run their business and live their own lives.

He expressed the view that companies and individuals should move beyond country-specific thinking, take a more global perspective, and strive to make a positive impact on society.

Yanai shared his concerns about the current global situation.

S/ Yanai Tadashi, Fast Retailing CEO / In the end, we cannot do anything without oil. However, on issues like this, I think we need to speak out more loudly. I also urge an end to senseless wars.