FAST RETAILING CO (9983) AI Stock Analysis

• Market Cap: ¥19.94T
• Dividend Yield: 0.9%
• Average Volume (3M): 862.68K
• Price to Earnings (P/E): 29.1
• Beta (1Y): 1.00
• 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: ¥68,298.25
• Price Target Upside: 7.67% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 9
• EPS Forecast (FY): 1,520.59
• Revenue Forecast (FY): ¥3.82T

• Rating: 75 Outperform
• Price Target: ¥77,659.00 ▲(22.43% Upside)
• Action: Reiterated Date: 01/10/26
• Date: Action: Reiterated 01/10/26

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

High and durable profitability

Sustained high gross and operating margins indicate structural product and cost advantages versus peers. For a large apparel retailer this margin profile supports durable cash generation, funds reinvestment in stores and digital, and provides a buffer against product-cost swings over the next several quarters.

Attractive ROE and strengthened equity base

High ROE and an expanding equity base reflect efficient capital deployment and retained earnings accumulation. Combined with moderate leverage, this provides financial flexibility to fund expansion or absorb shocks without immediate need for external financing, supporting longer-term strategic initiatives.

Vertically integrated, diversified brand footprint

Vertical integration across planning, sourcing, logistics and retail plus multiple brands and international presence creates structural competitive advantages: scale purchasing, faster product cycles, margin capture across the chain, and geographic diversification that lessen single‑market dependence.

Negative Factors

Weaker cash conversion

OCF below EBIT and FCF materially under net income point to working-capital absorption or reinvestment needs that reduce cash fungibility. Over months this can constrain discretionary uses (buybacks/dividends) and makes free cash flow more sensitive to inventory and receivables cycles.

Modest recent revenue growth

Slower top-line growth reduces operating leverage benefits and limits headroom for margin expansion. If revenue growth stays muted, the company faces greater reliance on cost control and mix improvements to sustain profit expansion, increasing execution risk over the medium term.

Rising total debt versus prior years

Although leverage remains moderate, the upward trend in total debt versus recent years weakens the balance-sheet trajectory. If growth or margins soften, higher debt increases interest and refinancing risk and reduces policy flexibility for capex or M&A over the coming quarters.

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	TTM	Aug 2025	Aug 2024	Aug 2023	Aug 2022	Aug 2021
Income Statement
Total Revenue	3.53T	3.40T	3.10T	2.77T	2.30T	2.13T
Gross Profit	1.80T	1.83T	1.67T	1.44T	1.21T	1.07T
EBITDA	886.58B	879.90B	696.65B	422.82B	600.36B	450.22B
Net Income	448.49B	433.01B	372.00B	296.23B	273.33B	169.85B
Balance Sheet
Total Assets	4.29T	3.86T	3.59T	3.30T	3.18T	2.51T
Cash, Cash Equivalents and Short-Term Investments	923.70B	1.79T	1.66T	1.48T	1.48T	1.23T
Total Debt	690.41B	654.57B	478.06B	465.65B	850.73B	830.66B
Total Liabilities	1.72T	1.53T	1.52T	1.43T	1.57T	1.35T
Stockholders Equity	2.50T	2.27T	2.02T	1.82T	1.56T	1.12T
Cash Flow
Free Cash Flow	532.34B	445.08B	575.78B	366.06B	350.42B	352.00B
Operating Cash Flow	684.72B	580.62B	651.52B	463.22B	430.82B	428.97B
Investing Cash Flow	-659.83B	-578.92B	-82.23B	-574.40B	-212.23B	-82.60B
Financing Cash Flow	-350.62B	-339.14B	-269.00B	-364.56B	-213.05B	-302.99B

FAST RETAILING CO Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 63430.00
• 50DMA: Negative
• 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 Negative. The current price of 63430 is below the 20-day moving average (MA) of 65569.46, below the 50-day MA of 64202.11, and above the 200-day MA of 53829.44, indicating a neutral trend. The MACD of 3.86 indicates Positive momentum. The RSI at 44.31 is Neutral, neither overbought nor oversold. The STOCH value of 67.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	¥19.94T	29.11	19.84%	0.90%	9.56%	16.37%
2792	72 Outperform	¥41.52B	10.95	―	3.62%	-0.98%	-29.86%
7606	72 Outperform	¥70.61B	3.05	―	2.73%	10.48%	-34.38%
8214	72 Outperform	¥139.45B	20.46	―	4.49%	2.21%	4.36%
8227	68 Neutral	¥746.94B	16.45	8.48%	2.02%	―	―
2670	66 Neutral	¥616.07B	17.79	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.