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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Fast Retailing Co., Ltd.    9983   JP3802300008

FAST RETAILING CO., LTD.

(9983)
  Report
End-of-day quote. End-of-day quote Tokyo Stock Exchange - 10/26
73650 JPY   +1.36%
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10/22FAST RETAILING : Announcements and Notices -
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10/19FAST RETAILING : (6,855kb)
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Fast Retailing : to Make Innovation Factory Co., Ltd. a Subsidiary - Relocate Operations Near Ariake Office for Future Expansion

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09/16/2020 | 04:40am EDT

Last Updated: 2020.09.16

FAST RETAILING CO., LTD.
to Japanese page

Fast Retailing Co., Ltd. today announced that it will make Innovation Factory Co., Ltd. a subsidiary, relocating it near the Fast Retailing Ariake Office in Koto Ward, Tokyo, and expanding production facilities. Fast Retailing jointly established Innovation Factory with Shima Seiki Mfg., Ltd., to develop and manufacture knit products.

Innovation Factory was a result of the strategic partnership with Shima Seiki, a global leader in computerized flat knitting machines. The facility is positioned as the lead factory in producing UNIQLO 3D Knit collections, which employ Japanese WHOLEGARMENT® technology to create knitwear three-dimensionally in one seamless piece that follows body contours for incredible fit and comfort.

With expanded facilities at its new location, Innovation Factory will establish production systems that are primarily for 3D Knit products and strengthen its role as a lead factory to share expertise with facilities in Vietnam, China, and elsewhere overseas. Innovation Factory is one element of the Ariake Project, through which Fast Retailing is endeavoring to swiftly commercialize value-added offerings as a digital consumer retail company.

Profile of Innovation Factory as a subsidiary

Name : Innovation Factory Co., Ltd.
Location : Shinonome, Koto Ward, Tokyo
CEO : Tomoya Utsuno
Business : Production of 3D Knit and other knitwear
Ownership : Fast Retailing Co., Ltd.: 51%
Shima Seiki Mfg., Ltd.: 49%
Projected start : Spring 2021

Note:
UNIQLO 3D Knit are seamless knit products, created with innovative WHOLEGARMENT® technology, that feature beautiful three-dimensional silhouettes as a result of their careful design.

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Disclaimer

Fast Retailing Co. Ltd. published this content on 16 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 September 2020 07:39:07 UTC


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Financials
Sales 2020 1 990 B 18 995 M 18 995 M
Net income 2020 94 202 M 899 M 899 M
Net cash 2020 397 B 3 788 M 3 788 M
P/E ratio 2020 78,7x
Yield 2020 0,63%
Capitalization 7 520 B 71 705 M 71 791 M
EV / Sales 2020 3,58x
EV / Sales 2021 3,07x
Nbr of Employees 56 523
Free-Float 51,3%
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Technical analysis trends FAST RETAILING CO., LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 69 718,75 JPY
Last Close Price 73 650,00 JPY
Spread / Highest target 15,4%
Spread / Average Target -5,34%
Spread / Lowest Target -28,0%
EPS Revisions
Managers
NameTitle
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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