FAST RETAILING CO (9983) AI Stock Analysis

• Market Cap: ¥19.41T
• Dividend Yield: 0.9%
• Average Volume (3M): 862.68K
• Price to Earnings (P/E): 42.4
• Beta (1Y): 0.95
• Revenue Growth: 9.56%
• EPS Growth: 16.37%
• Country: JP
• Employees: 60,454
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Retail
• EPS (TTM): 480.55
• Shares Outstanding: 318,220,980
• 10 Day Avg. Volume: 753,810
• 30 Day Avg. Volume: 862,680
• PEG Ratio: 2.01
• Price to Book (P/B): 6.25
• Price to Sales (P/S): 4.18
• P/FCF Ratio: 31.90
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ¥61,898.81
• Price Target Upside: 0.26% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 10
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 75 Outperform
• Price Target: ¥70,594.00 ▲(14.34% Upside)

The score is driven primarily by strong financial performance (high margins, solid ROE, and moderate leverage) and supportive technical trend signals (price above major moving averages, positive MACD). These strengths are tempered by a stretched valuation (high P/E and low dividend yield) and some near-term watch items in fundamentals (slower TTM revenue growth and weaker cash conversion).

Positive Factors

Sustained Profitability

High and persistent gross and operating margins reflect UNIQLO's scale, sourcing efficiency, and pricing power. Sustained margins support reinvestment in product and channels, provide resilience in downturns, and underpin steady shareholder returns over multiple quarters.

Strong Cash Generation

Substantial operating and free cash flow provides internal funding for store expansion, digital investments and inventory optimization. Reliable cash conversion supports capital allocation flexibility and reduces reliance on external financing across the medium term.

Healthy Balance Sheet

Moderate leverage and an expanded equity base give the company financial flexibility to absorb shocks, fund strategic initiatives, and pursue opportunistic M&A or shareholder returns without jeopardizing long-term solvency.

Negative Factors

Slowing Revenue Growth

A marked slowdown in top-line growth reduces operating leverage and limits absolute earnings expansion. Over the next several quarters, management will need to rely more on margin gains, new market penetration, or product innovation to sustain EPS and ROE improvements.

Weaker Cash Conversion

Operating cash below accounting profits and FCF under net income indicate working-capital or reinvestment demands. Persistent weaker conversion can limit cash available for dividends, buybacks or debt paydown, constraining strategic flexibility if conditions tighten.

Rising Total Debt

An uptick in total debt, despite moderate leverage metrics, raises risk if growth slows or interest rates rise. Higher debt burdens can increase financing costs and restrict capital allocation choices, reducing resilience over the next 2–6 months if adverse trends persist.

FAST RETAILING CO Business Overview & Revenue Model

Company Description

Fast Retailing Co., Ltd., through its subsidiaries, operates as an apparel designer and retailer in Japan and internationally. The company operates through four segments: UNIQLO Japan, UNIQLO International, GU, and Global Brands. It manufactures and retails clothing for men, women, children, and babies; and lingerie, as well as other goods and items. The company operates stores and franchises under the UNIQLO, GU, PLST, Theory, COMPTOIR DES COTONNIERS, J Brand, and PRINCESSE TAM.TAM brand names. It also sells its products through online; and provides real estate leasing services. The company was formerly known as Ogori Shoji Co., Ltd. and changed its name to Fast Retailing Co., Ltd. in September 1991. Fast Retailing Co., Ltd. was founded in 1949 and is headquartered in Yamaguchi, Japan.

How the Company Makes Money

FAST RETAILING generates revenue primarily through the sale of apparel and accessories across its various brands, with UNIQLO accounting for the majority of its sales. The company employs a direct-to-consumer retail model, operating both physical stores and a robust online presence, allowing it to reach a wide customer base. Key revenue streams include international sales, especially from markets in Asia, the United States, and Europe, as well as franchise operations that expand its global footprint. Additionally, FAST RETAILING invests in partnerships with technology firms to enhance its supply chain and improve customer experience, contributing to increased sales and operational efficiency. Seasonal collections and collaborations with designers also drive sales and attract new customers.

FAST RETAILING CO Financial Statement Overview

Summary

Strong profitability for a retailer (TTM gross margin ~52%, EBIT margin ~16.7%, net margin ~11.9%) and attractive ROE (~19.7%) supported by moderate leverage (debt-to-equity ~0.30). Offsetting factors are modest recent TTM revenue growth (~3.9%) and less efficient cash conversion (operating cash flow below EBIT; FCF ~0.76x net income).

Income Statement

FAST RETAILING shows strong and consistent profitability for a retailer, with TTM (Trailing-Twelve-Months) gross margin around 52% and healthy operating profitability (EBIT margin ~16.7%). Revenue has grown materially over the last several years (from ~¥2.13T in 2021 to ~¥3.53T TTM), though the most recent TTM revenue growth is modest (~3.9%) versus earlier years. Net margin remains solid (~11.9% TTM) but is slightly below the most recent annual level, suggesting some recent margin normalization.

Balance Sheet

The balance sheet looks sound with moderate leverage: debt-to-equity is ~0.30 in TTM (Trailing-Twelve-Months), improved from higher leverage earlier (notably 2021). Equity has expanded meaningfully over time, supporting a stronger capital base. Returns on shareholder capital are attractive (ROE ~19.7% TTM), though total debt has risen versus 2023–2024 levels, which is a point to monitor if growth slows or costs increase.

Cash Flow

Cash generation is strong in absolute terms (TTM operating cash flow ~¥685B; free cash flow ~¥532B) and TTM free cash flow growth is robust (~23.6%). However, cash conversion is somewhat weaker than ideal: operating cash flow is below EBIT (coverage ~0.69 TTM), and free cash flow runs at roughly three-quarters of net income (~0.76 TTM), indicating working-capital or reinvestment needs can periodically absorb cash. Overall, the company still demonstrates solid capacity to fund operations and reinvestment internally.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.40T	3.10T	2.77T	2.30T	2.13T
Gross Profit	1.83T	1.67T	1.44T	1.21T	1.07T
EBITDA	879.90B	696.65B	422.82B	600.36B	450.22B
Net Income	433.01B	372.00B	296.23B	273.33B	169.85B
Balance Sheet
Total Assets	3.86T	3.59T	3.30T	3.18T	2.51T
Cash, Cash Equivalents and Short-Term Investments	1.79T	1.66T	1.48T	1.48T	1.23T
Total Debt	654.57B	478.06B	465.65B	850.73B	830.66B
Total Liabilities	1.53T	1.52T	1.43T	1.57T	1.35T
Stockholders Equity	2.27T	2.02T	1.82T	1.56T	1.12T
Cash Flow
Free Cash Flow	445.08B	575.78B	366.06B	350.42B	352.00B
Operating Cash Flow	580.62B	651.52B	463.22B	430.82B	428.97B
Investing Cash Flow	-578.92B	-82.23B	-574.40B	-212.23B	-82.60B
Financing Cash Flow	-339.14B	-269.00B	-364.56B	-213.05B	-302.99B

FAST RETAILING CO Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 61740.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9983, the sentiment is Positive. The current price of 61740 is above the 20-day moving average (MA) of 61220.00, above the 50-day MA of 58554.20, and above the 200-day MA of 51089.37, indicating a bullish trend. The MACD of 509.60 indicates Positive momentum. The RSI at 57.89 is Neutral, neither overbought nor oversold. The STOCH value of 75.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9983.

FAST RETAILING CO Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9983	75 Outperform	¥19.41T	42.43	19.84%	0.90%	9.56%	16.37%
7606	74 Outperform	¥70.10B	19.07	―	2.73%	10.48%	-34.38%
2792	72 Outperform	¥41.38B	12.03	―	3.62%	-0.98%	-29.86%
8214	72 Outperform	¥153.88B	17.90	―	4.49%	2.21%	4.36%
8227	68 Neutral	¥767.57B	17.66	8.78%	2.02%	―	―
2670	66 Neutral	¥628.70B	13.86	12.11%	2.68%	2.99%	5.66%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

FAST RETAILING CO Corporate Events

Fast Retailing Finalizes New Stock-Based Compensation Plan for Executives

Fast Retailing Co., Ltd. has finalized the terms for issuing a new tranche of stock-based compensation stock options (Fast Retailing 16th share subscription rights type A) to its senior management. A total of 9,128 share subscription rights in common stock will be allotted to three executive directors and 40 operating officers, with an allocation price of 53,232 yen per right and an exercise value of 1 yen per share, effective December 19, 2025, underscoring the company’s continued use of equity-based incentives to align management interests with shareholder value.

The most recent analyst rating on (JP:9983) stock is a Buy with a Yen62000.00 price target. To see the full list of analyst forecasts on FAST RETAILING CO stock, see the JP:9983 Stock Forecast page.