Fast Retailing market cap is ¥7.5 t, and annual revenue was ¥2.13 t in FY 2018

Fast Retailing Revenue growth (FY, 2017 - FY, 2018), %14%

Fast Retailing Gross profit (FY, 2018)1 T

Fast Retailing Gross profit margin (FY, 2018), %49.3%

Fast Retailing Net income (FY, 2018)169.4 B

Fast Retailing EBIT (FY, 2018)236.2 B

Fast Retailing Cash, 31-Aug-2018999.7 B

Fast Retailing EV7.2 T

Fast Retailing revenue was ¥2.13 t in FY, 2018 which is a 14.4% year over year increase from the previous period.

Fast Retailing revenue breakdown by business segment: 7.3% from Global Brands, 9.9% from GU, 42.1% from UNIQLO International, 40.6% from UNIQLO Japan and 0.1% from Other

JPY | FY, 2017 | FY, 2018 |
---|---|---|

## Revenue | 1.9t | 2.1t |

| 14% | |

## Cost of goods sold | 952.7b | 1.1t |

## Gross profit | 909.3b | 1.0t |

| 49% | 49% |

## General and administrative expense | 725.2b | 797.5b |

## Operating expense total | 739.8b | 817.7b |

## EBIT | 176.4b | 236.2b |

| 9% | 11% |

## Interest expense | 2.9b | 3.2b |

## Interest income | 6.1b | 7.5b |

## Pre tax profit | 193.4b | 242.7b |

## Income tax expense | 64.5b | 73.3b |

## Net Income | 128.9b | 169.4b |

- Source: Company Filings

JPY | H1, 2017 | H1, 2018 |
---|---|---|

## Revenue | 1.0t | 1.2t |

## Cost of goods sold | 523.3b | 601.1b |

## Gross profit | 494.2b | 585.6b |

| 49% | 49% |

## General and administrative expense | 365.5b | 403.6b |

## Operating expense total | 367.2b | 416.3b |

## EBIT | 130.7b | 170.5b |

| 13% | 14% |

## Interest expense | 1.7b | 1.4b |

## Interest income | 2.9b | 3.0b |

## Pre tax profit | 147.6b | 165.2b |

## Income tax expense | 44.2b | 51.5b |

## Net Income | 103.4b | 113.6b |

- Source: Company Filings

JPY | FY, 2017 | FY, 2018 |
---|---|---|

## Cash | 683.8b | 999.7b |

## Accounts Receivable | 48.6b | 52.7b |

## Inventories | 289.7b | 464.8b |

## Current Assets | 1.1t | 1.6t |

## PP&E | 137.0b | 155.1b |

## Goodwill | 15.9b | 8.1b |

## Total Assets | 1.4t | 2.0t |

## Accounts Payable | 204.0b | 214.5b |

## Short-term debt | 11.8b | 171.9b |

## Current Liabilities | 311.4b | 499.4b |

## Long-term debt | 273.5b | 502.7b |

## Non-Current Liabilities | 315.0b | 551.3b |

## Total Debt | 285.3b | 674.5b |

## Total Liabilities | 626.4b | 1.1t |

## Common Stock | 10.3b | 10.3b |

## Additional Paid-in Capital | 14.4b | 18.3b |

## Retained Earnings | 698.6b | 815.1b |

## Total Equity | 762.0b | 902.8b |

## Debt to Equity Ratio | 0.4 x | 0.7 x |

## Debt to Assets Ratio | 0.2 x | 0.3 x |

## Financial Leverage | 1.8 x | 2.2 x |

- Source: Company Filings

JPY | H1, 2017 | H1, 2018 |
---|---|---|

## Cash | 569.9b | 848.7b |

## Accounts Receivable | 48.8b | 55.4b |

## Inventories | 235.1b | 269.5b |

## Current Assets | 1.1t | 1.3t |

## PP&E | 129.8b | 139.1b |

## Goodwill | 18.1b | 8.1b |

## Total Assets | 1.4t | 1.6t |

## Accounts Payable | 204.7b | 135.2b |

## Short-term debt | 11.1b | 41.0b |

## Current Liabilities | 314.1b | 493.8b |

## Long-term debt | 274.5b | 242.7b |

## Non-Current Liabilities | 307.2b | 292.9b |

## Total Debt | 285.6b | 283.7b |

## Total Liabilities | 621.3b | 786.7b |

## Common Stock | 10.3b | 10.3b |

## Additional Paid-in Capital | 14.3b | 18.2b |

## Retained Earnings | 694.4b | 784.9b |

## Total Equity | 766.8b | 834.8b |

## Debt to Equity Ratio | 0.4 x | 0.3 x |

## Debt to Assets Ratio | 0.2 x | 0.2 x |

## Financial Leverage | 1.8 x | 1.9 x |

- Source: Company Filings

JPY | FY, 2017 | FY, 2018 |
---|---|---|

## Depreciation and Amortization | 39.7b | 45.1b |

## Accounts Receivable | (1.4b) | (2.9b) |

## Inventories | (6.0b) | (179.5b) |

## Accounts Payable | 9.9b | 9.8b |

## Cash From Operating Activities | 212.2b | 176.4b |

## Purchases of PP&E | (33.6b) | (32.0b) |

## Cash From Investing Activities | 122.8b | (57.2b) |

## Short-term Borrowings | (10.3b) | (1.6b) |

## Long-term Borrowings | (9.0b) | (9.2b) |

## Dividends Paid | (38.6b) | (46.1b) |

## Cash From Financing Activities | (50.8b) | 198.2b |

## Net Change in Cash | 298.4b | 315.9b |

## Interest Paid | (3.0b) | (2.4b) |

## Income Taxes Paid | (47.7b) | (86.7b) |

- Source: Company Filings

JPY | H1, 2017 | H1, 2018 |
---|---|---|

## Depreciation and Amortization | 18.0b | 21.7b |

## Accounts Receivable | (3.2b) | (6.4b) |

## Inventories | 44.6b | 20.6b |

## Accounts Payable | 12.6b | (70.4b) |

## Cash From Operating Activities | 211.2b | 220.2b |

## Purchases of PP&E | (17.4b) | (14.0b) |

## Cash From Investing Activities | (16.6b) | (25.2b) |

## Short-term Borrowings | (9.2b) | (774.0m) |

## Long-term Borrowings | (3.7b) | (5.3b) |

## Dividends Paid | (18.5b) | (21.0b) |

## Cash From Financing Activities | (25.2b) | (22.0b) |

## Net Change in Cash | 184.4b | 164.9b |

## Interest Paid | (1.7b) | (1.4b) |

## Income Taxes Paid | (16.5b) | (35.5b) |

- Source: Company Filings

JPY | H1, 2017 |
---|---|

## EV/EBIT | -1.9 x |

## EV/CFO | -1.2 x |

## Revenue/Employee | 23.3m |

## Debt/Equity | 0.4 x |

## Debt/Assets | 0.2 x |

## Financial Leverage | 1.8 x |

FY, 2017 | FY, 2016 | |
---|---|---|

Female (Management), percent | 31.3 % | 24.8 % |

Male (Management), percent | 68.7 % | 75.2 % |

- Source: www.fastretailing.com