Uniqlo parent Fast Retailing Co. and Seven & i Holdings are among the first to kick off this earnings season in Asia. 

Fast Retailing’s November-ending quarter may have seen operating profit growth soften as warmer autumn-winter temperatures dented sales, even with the backdrop for consumer spending in Japan looking promising. The owner of Uniqlo is projected to show operating profit growth slowed as higher temperatures eroded sales of winter clothing in October.

Higher store rents may limit margin expansion through 2025, analysts at BI wrote in a report. Prospects in mainland China, which accounts for nearly 20% of revenue, have also weakened after Chief Executive Officer Tadashi Yanai reiterated in November that the company doesn’t source cotton from Xinjiang, spurring calls for boycott of Uniqlo products on Chinese social media.

Seven & i, operator of the 7-Eleven chain, may disappoint investors with operating profit declining for the third consecutive quarter. That’s despite a growth in customer traffic due to domestic campaigns, and a recovery in in-store same store sales internationally, according to Macquarie analysts.

The founding family of the Japanese convenience store giant is seeking to fend off a takeover bid from Canada’s Alimentation Couche-Tard Inc. Seven & i unveiled a plan to jettison its underperforming businesses in October to focus on its convenience store operations.

In South Korea, Samsung Electronics Co.’s operating profit is projected to recover thanks to the chip segment, where profit has probably tripled on robust demand in high-bandwidth memory used in the field of artificial intelligence.

Indian software services bellwether Tata Consultancy Services likely saw profit growth accelerating to a six-quarter high. Commentary on 2025 budgets will be closely watched as some analysts believe US President-elect Donald Trump’s promised corporate tax cuts should allow for more tech spending, at odds with another view that “America First” policies will discourage outsourcing projects.