Financials Fast Retailing Co., Ltd.

Equities

9983

JP3802300008

Apparel & Accessories Retailers

Market Closed - Japan Exchange Other stock markets 01:30:00 2024-12-05 am EST			5-day change	1st Jan Change
53,110.00 ^JPY	+0.34%		+3.93%	+51.79%

Dec. 03	Fast Retailing Co., Ltd. on a slippery slope for Uniqlo
Dec. 02	Uniqlo Faces China Boycott Fears Over Xinjiang Remarks	MT

Projected Income Statement: Fast Retailing Co., Ltd.

income-statement-evolution-chart FAST-RETAILING-CO-LTD

Fiscal Period: August	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	2,008,846	2,132,992	2,301,122	2,766,557	3,103,836	3,367,591	3,679,726	4,029,116
Change	-	6.18%	7.88%	20.23%	12.19%	8.5%	9.27%	9.49%
EBITDA ¹	327,195	426,921	477,600	567,962	705,292	742,816	803,996	872,493
Change	-	30.48%	11.87%	18.92%	24.18%	5.32%	8.24%	8.52%
EBIT ¹	149,347	249,011	297,325	381,090	500,904	539,339	596,409	661,011
Change	-	66.73%	19.4%	28.17%	31.44%	7.67%	10.58%	10.83%
Interest Paid ¹	-7,707	-6,998	-7,560	-9,888	-11,101	-5,457	-8,502	-6,929
Earnings before Tax (EBT) ¹	152,868	265,872	413,584	437,918	557,201	581,539	639,244	706,876
Change	-	73.92%	55.56%	5.88%	27.24%	4.37%	9.92%	10.58%
Net income ¹	90,357	169,847	273,335	296,229	371,999	388,163	426,357	472,897
Change	-	87.97%	60.93%	8.38%	25.58%	4.35%	9.84%	10.92%
Announcement Date	10/15/20	10/14/21	10/13/22	10/12/23	10/10/24	-	-	-

¹JPY in Million

Estimates

Fiscal Period: August	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	623,484	585,028	336,412	463,922	619,797	583,067	495,218	434,910	627,391	591,585	546,129	536,016	716,393	750,957	676,154	623,053	810,833	788,166	767,502	737,335	892,629	870,510	821,622	789,078	970,000	960,000	914,000	876,000
Change	-	-6.17%	-42.5%	37.9%	33.6%	-5.93%	-15.07%	-12.18%	44.26%	-5.71%	-7.68%	-1.85%	33.65%	4.82%	-9.96%	-7.85%	30.14%	-2.8%	-2.62%	-3.93%	21.06%	-2.48%	-5.62%	-3.96%	22.93%	-1.03%	-4.79%	-4.16%
EBITDA	-	89,850	38,933	63,655	157,659	99,327	103,487	66,448	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-56.67%	63.5%	147.68%	-37%	4.19%	-35.79%	-100%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	91,690	45,046	-4,353	16,964	113,094	54,888	59,915	21,114	119,406	69,871	81,806	26,241	117,077	103,186	110,311	50,516	146,686	110,399	144,718	73,197	156,257	124,108	150,777	105,117	176,000	142,000	173,000	118,000
Change	-	-50.87%	-	-	566.67%	-51.47%	9.16%	-64.76%	465.53%	-41.48%	17.08%	-67.92%	346.16%	-11.86%	6.91%	-54.21%	190.38%	-24.74%	31.09%	-49.42%	113.47%	-20.57%	21.49%	-30.28%	67.43%	-19.32%	21.83%	-31.79%
Charge d'intérêts	-	-	-1,955	-	-6,980	-	-1,697	-	-1,721	-	-1,732	-	-2,588	-	-614	-	-2,476	-	-2,891	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	102,015	48,844	-8,439	10,448	107,164	64,318	74,172	20,218	134,208	78,357	136,689	64,329	126,812	103,687	128,704	78,715	162,471	136,924	178,372	79,434	172,361	132,773	156,628	118,788	193,500	154,500	182,000	134,000
Change	-	-52.12%	-	-	925.69%	-39.98%	15.32%	-72.74%	563.8%	-41.62%	74.44%	-52.94%	97.13%	-18.24%	24.13%	-38.84%	106.4%	-15.72%	30.27%	-55.47%	116.99%	-22.97%	17.97%	-24.16%	62.9%	-20.16%	17.8%	-26.37%
Net income ¹	70,907	29,552	-9,819	-283	70,381	35,487	45,483	18,496	93,592	53,252	90,992	35,499	85,074	68,318	85,127	57,710	107,800	88,112	116,926	59,161	111,710	91,930	103,949	76,012	130,800	97,700	126,000	88,500
Change	-	-58.32%	-	-97.12%	-	-49.58%	28.17%	-59.33%	406.01%	-43.1%	70.87%	-60.99%	139.65%	-19.7%	24.6%	-32.21%	86.8%	-18.26%	32.7%	-49.4%	88.82%	-17.71%	13.07%	-26.88%	72.08%	-25.31%	28.97%	-29.76%
Announcement Date	1/9/20	4/9/20	7/9/20	10/15/20	1/14/21	4/8/21	7/15/21	10/14/21	1/13/22	4/14/22	7/14/22	10/13/22	1/12/23	4/13/23	7/13/23	10/12/23	1/11/24	4/11/24	7/11/24	10/10/24	-	-	-	-	-	-	-	-

¹JPY in Million

Estimates

Fiscal Period: August	2021 S1	2021 S2	2022 S1	2023 S1	2024 S1
Net sales ¹	1,202,864	930,128	1,218,977	1,467,350	1,598,999
Change	-	-22.67%	31.05%	20.38%	8.97%
EBITDA	-	-	-	-	-
Change	-	-	-	-	-
EBIT ¹	167,982	81,029	189,278	220,263	257,085
Change	-	-51.76%	133.59%	16.37%	16.72%
Charge d'intérêts ¹	-3,559	-	-3,407	-6,839	-4,962
Earnings before Tax (EBT) ¹	171,482	-	212,566	230,499	299,395
Change	-	-100%	-	8.44%	29.89%
Net income ¹	105,868	-	146,844	153,392	195,912
Change	-	-100%	-	4.46%	27.72%
Announcement Date	4/8/21	10/14/21	4/14/22	4/13/23	4/11/24

¹JPY in Million

Estimates

Forecast Balance Sheet: Fast Retailing Co., Ltd.

balance-sheet-analysis-chart FAST-RETAILING-CO-LTD

Fiscal Period: August	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-772,641	-773,236	-506,214	-1,137,217	-1,186,052	-1,016,845	-1,303,673	-1,609,953
Change	-	-200.08%	-165.47%	-324.65%	-204.29%	-185.73%	-228.21%	-223.49%
Announcement Date	10/15/20	10/14/21	10/13/22	10/12/23	10/10/24	-	-	-

¹JPY in Million

Estimates

Cash Flow Forecast: Fast Retailing Co., Ltd.

Fiscal Period: August	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	67,508	76,124	79,606	95,306	73,728	126,637	120,795	140,693
Change	-	12.76%	4.57%	19.72%	-22.64%	71.76%	-4.61%	16.47%
Free Cash Flow (FCF) ¹	188,887	346,371	218,591	-111,186	569,290	486,485	550,541	522,735
Change	-	83.37%	-36.89%	-150.86%	-612.02%	-14.55%	13.17%	-5.05%
Announcement Date	10/15/20	10/14/21	10/13/22	10/12/23	10/10/24	-	-	-

¹JPY in Million

Estimates

Forecast Financial Ratios: Fast Retailing Co., Ltd.

Fiscal Period: August	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	16.29%	20.02%	20.76%	20.53%	22.72%	22.06%	21.85%	21.65%
EBIT Margin (%)	7.43%	11.67%	12.92%	13.77%	16.14%	16.02%	16.21%	16.41%
EBT Margin (%)	7.61%	12.46%	17.97%	15.83%	17.95%	17.27%	17.37%	17.54%
Net margin (%)	4.5%	7.96%	11.88%	10.71%	11.99%	11.53%	11.59%	11.74%
FCF margin (%)	9.4%	16.24%	9.5%	-4.02%	18.34%	14.45%	14.96%	12.97%
FCF / Net Income (%)	209.05%	203.93%	79.97%	-37.53%	153.04%	125.33%	129.13%	110.54%
Profitability
ROA	4.09%	10.8%	14.5%	13.5%	10.8%	10.3%	10.54%	10.81%
ROE	9.5%	16.4%	20.4%	17.5%	19.39%	18.07%	17.77%	17.57%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	3.36%	3.57%	3.46%	3.44%	2.38%	3.76%	3.28%	3.49%
CAPEX / EBITDA (%)	20.63%	17.83%	16.67%	16.78%	10.45%	17.05%	15.02%	16.13%
CAPEX / FCF (%)	35.74%	21.98%	36.42%	-85.72%	12.95%	26.03%	21.94%	26.91%
Items per share
Cash flow per share ¹	875.8	1,135	1,480	1,576	2,124	1,053	2,062	2,224
Change	-	29.6%	30.38%	6.46%	34.83%	-50.42%	95.84%	7.85%
Dividend per Share ¹	160	160	206.7	290	450	444.3	470	506.7
Change	-	0%	29.17%	40.32%	55.17%	-1.27%	5.78%	7.81%
Book Value Per Share ¹	3,123	3,643	5,094	5,939	6,574	7,113	8,120	9,112
Change	-	16.67%	39.81%	16.6%	10.69%	8.19%	14.17%	12.21%
EPS ¹	295	554.4	891.8	966.1	1,213	1,269	1,387	1,538
Change	-	87.89%	60.86%	8.33%	25.55%	4.62%	9.28%	10.91%
Nbr of stocks (in thousands)	306,281	306,389	306,545	306,652	306,722	306,739	306,739	306,739
Announcement Date	10/15/20	10/14/21	10/13/22	10/12/23	10/10/24	-	-	-