- Fast Retailing has updated its forecasted net income for the fiscal year to 320.00 billion yen, up from a previous prediction of 310.00 billion yen. This meets the estimate of 320.25 billion yen.
- The company’s projected net sales are 3.03 trillion yen, slight decrease from the previous 3.05 trillion yen. The estimate was also 3.05 trillion yen.
- The anticipated dividend has been raised to 350.00 yen from 330.00 yen, surpassing the estimated 330.00 yen.
- The operating income forecast remains unchanged at 450.00 billion yen, which is slightly lower than the estimate of 455.79 billion yen.
- First half results show an operating income of 257.09 billion yen, falling short of the estimated 272.05 billion yen.
- The first half net income is noted as 195.91 billion yen and net sales amount to 1.60 trillion yen.
- Revenue for the first half is distributed as follows: Uniqlo Japan – 485.11 billion yen, GU – 159.57 billion yen, and Global Brands – 69.42 billion yen.
- The second quarter operating income was 110.40 billion yen, which is less than the estimated 118.06 billion yen. However, the net income of 88.11 billion yen surpassed the estimate of 79.31 billion yen.
- Second quarter net sales were 788.17 billion yen, lower than the estimate of 812.44 billion yen. The inventory value stood at 414.43 billion yen.
- Investment ratings for Fast Retailing are mixed with 6 buys, 9 holds, and 1 sell.
Fast Retailing on Smartkarma
Analyst coverage of Fast Retailing on Smartkarma reveals diverse perspectives on the company. Oshadhi Kumarasiri, with a bullish lean, anticipates a strong earnings beat for Fast Retailing. However, concerns about high valuations and index issues lead to cautious trading recommendations during the current earnings cycle. Meanwhile, Travis Lundy adopts a bearish stance, signaling that Fast Retailing is at “double downweight” levels, emphasizing path risks and the stock’s significant weight in the Nikkei 225 index.
David Blennerhassett, also expressing a bullish sentiment, provides insights into various events impacting Fast Retailing, including shareholder dynamics and potential trading strategies. Looking ahead to the future, Travis Lundy predicts intriguing developments in the Sep 2024 Nikkei 225 index rebalance, highlighting the significance of Fast Retailing‘s position and its implications for trading strategies in the market. These varying perspectives offer investors a comprehensive view of Fast Retailing‘s current standing and future prospects.
A look at Fast Retailing Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Fast Retailing, the operator of the popular UNIQLO clothing stores worldwide, looks to have a promising long-term outlook based on Smartkarma’s Smart Scores analysis. With a strong Growth score of 5 and impressive Momentum score of 5, the company seems well-positioned for expansion and continued success in the retail market. The high scores in these areas indicate a positive trajectory for Fast Retailing‘s future prospects.
In addition, while the company’s scores for Value, Dividend, and Resilience are not as high as Growth and Momentum, they still reflect a solid foundation for sustained performance. Fast Retailing‘s ability to design, manufacture, and retail its own line of casual clothing has contributed to its overall Resilience score of 3, showcasing a degree of stability amidst market challenges. Overall, with a mix of strong growth potential and resilient operations, Fast Retailing appears set to maintain its position as a key player in the global retail industry.
### FAST RETAILING CO., LTD. operates a chain of clothing stores, UNIQLO, throughout Japan and in other markets overseas including UK, China, Hong Kong, South Korea, US, France, Singapore and Russia. The Company designs, manufactures, and retails its own line of casual clothing. ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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