While the company faces headwinds in China and South Korea, Boardman says the company has growth opportunities online and in India.Akio Kon | Bloomberg | Getty Imagescould see a "period of slow growth" despite recently announcing record profits, according to one analyst that spoke to CNBC on Friday.booked record profit for the third-straight year
"It's a great, great name, great brand but there's a lot of uncertainty," Peter Boardman, managing director at NWQ Investment Management, told CNBC's "Squawk Box" on Friday. "Things are slowing down." Fast Retailing also faces challenges stemming from Tokyo's ongoing trade dispute with Seoul, which has resulted in South Korean consumers boycotting Japanese products. That's a risk that Fast Retailing Chief Executive Tadashi Yanai highlighted as "serious."
Going forward, Boardman said the pace of new store openings will be "a lot slower" than before, but added that it was "just a sign of a maturing company."But Boardman said there's growth opportunity in the firm's efforts both online and in India.