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    9983   JP3802300008

FAST RETAILING CO., LTD.

(9983)
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Fast Retailing's Fiscal-Year Net Profit Jumped 88%

10/14/2021 | 12:57am EST

By Kosaku Narioka

Fast Retailing Co.'s fiscal-year net profit jumped 88%, thanks to a recovery from a sales slump caused by the pandemic.

The Uniqlo-store operator said Thursday that net profit rose to 169.85 billion yen ($1.50 billion) for the year ended Aug. 31, from Y90.36 billion a year earlier, when the Covid-19 pandemic had hit sales hard.

Fourth-quarter net profit was Y18.50 billion, given net profit of Y151.35 billion in the preceding nine-month period, according to a Wall Street Journal calculation. That beat the estimate of Y13.62 billion from a FactSet poll of analysts.

Fiscal-year revenue increased 6.2% to Y2.133 trillion. The recovery was led by China. Uniqlo revenue for China, Hong Kong and Taiwan rose 17% to Y532.25 billion.

The company's fourth-quarter revenue was Y434.91 billion, given revenue of Y1.698 trillion in the preceding nine-month period.

Fast Retailing expects revenue to increase 3.1% to Y2.200 trillion and net profit to rise 3.0% to Y175.00 billion for the new fiscal year that started Sept. 1.

The company said it expected some pandemic-related impact to continue in the first half, but projected revenue and earnings growth for its second half.

Write to Kosaku Narioka at kosaku.narioka@wsj.com

(END) Dow Jones Newswires

10-14-21 0257ET

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Analyst Recommendations on FAST RETAILING CO., LTD.
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Financials
Sales 2022 2 260 B 20 035 M 20 035 M
Net income 2022 190 B 1 682 M 1 682 M
Net cash 2022 634 B 5 626 M 5 626 M
P/E ratio 2022 36,0x
Yield 2022 0,79%
Capitalization 6 808 B 60 212 M 60 371 M
EV / Sales 2022 2,73x
EV / Sales 2023 2,41x
Nbr of Employees 55 589
Free-Float 51,4%
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Technical analysis trends FAST RETAILING CO., LTD.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 14
Last Close Price 66 650,00 JPY
Average target price 82 176,71 JPY
Spread / Average Target 23,3%
EPS Revisions
Managers and Directors
Tadashi Yanai Chairman, President & Group CEO
Takeshi Okazaki CFO, Director & Group Senior Executive Officer
Masaaki Shintaku Independent Outside Director
Toru Hambayashi Independent Outside Director
Nobumichi Hattori Independent Outside Director
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