Loading…
Owns Uniqlo and GU, designing and selling affordable basics apparel through its own global stores.
Owns Uniqlo and GU, designing and selling affordable basics apparel through its own global stores.
Designs its own clothes, has contract factories make them and sells them in stores it runs, an approach it calls SPA, so it keeps the retail margin. Uniqlo carries the group, and its overseas sales, led by East Asia, now exceed Japan's. Founder Tadashi Yanai is chairman and the largest shareholder.
In one line: Japan's vertically integrated Gap/Zara.
Moat: narrow (scale, brand, distribution). SPA (design-make-sell) model gives cost and speed advantages, but apparel retail is intensely competitive.
Headquarters: Yamaguchi, Japan · Founded: 1963
Size Fast Retailing (9983.T) is a Japan Consumer Discretionary company (Apparel/Footwear Retail) with a market value of $155B, the 4th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥77,950 on 6 Nov 2026.
Performance Over six months the shares gained 5.9%, against +10.6% for the median peer and +1.8% for the Japan market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 16.6% over the last twelve months (peer median +10.6%); the operating margin is 18.1% (peer median 11.4%).
Valuation It trades at 41.2× forward earnings against a peer median of 20.5× (3rd most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 24% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is +11 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 9.3 points above its cost of capital (9.2% WACC).
Next results Next results expected around 14 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | ¥3.96T | ¥3.96T | ¥3.40T | ¥3.10T | ¥2.77T |
| Revenue growth | — | +17% | +10% | +12% | — |
| Gross profit | ¥1.95T | ¥1.95T | ¥1.61T | ¥1.47T | ¥1.25T |
| EBITDA | ¥956B | ¥956B | ¥768B | ¥690B | ¥569B |
| Net income | ¥543B | ¥543B | ¥433B | ¥372B | ¥296B |
| Free cash flow | ¥706B | ¥706B | ¥429B | ¥576B | ¥400B |
| Capital expenditure | ¥107B | ¥107B | ¥179B | ¥106B | ¥97.2B |
| Total debt | ¥730B | ¥730B | ¥725B | ¥690B | ¥708B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Fast Retailing 9983.T | $155B | +6% | +17% | 18% | 41.2× | 23.8% |
| Industria de Diseno Textil ITX.MC | $206B | +20% | +6% | 20% | 27.3× | 15.3% |
| H&M Hennes & Mauritz HM-B.ST | $29.1B | +12% | -4% | 9% | 22.3× | 4.5% |
| Gap GAP | $7.55B | -8% | +1% | 11% | 8.4× | -2.3% |
| Ryohin Keikaku 7453.T | $16.4B | +31% | +18% | 11% | 32.4× | 9.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 9983.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.1% | +7.1% | 8th lowest of 21 |
| 6-month return | +5.9% | +10.6% | 9th lowest of 21 |
| Distance from 52-week high | -12.1% | -10.6% | 9th lowest of 21 |
| Revenue growth (TTM) | +16.6% | +10.6% | 6th highest of 21 |
| Operating margin | 18.1% | 11.4% | 4th highest of 21 |
| Forward P/E | 41.2× | 20.5× | 3rd most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 23.8% | 11.0% | 3rd most demanding of 20 |
| Growth delivered (Del g) | +13.2% | +13.4% | 10th lowest of 20 |
| Hurdle (Req g minus delivered) | +10.7 pp | -4.5 pp | 3rd most demanding of 20 |
| ROIC minus cost of capital | +9.3 pp | +6.0 pp | 9th highest of 21 |
| EV / EBITDA | 25.4× | 13.7× | 2nd most expensive of 20 |
| Net debt / EBITDA | -0.3× | 0.9× | 3rd least indebted of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Fast Retailing 9983.T | Japan | $155B | +6% | +17% | 18% | 41.2× | 23.8% | +13.2% |
| TJX Companies TJX | United States | $149B | -11% | +8% | 12% | 25.1× | 3.7% | +13.4% |
| Industria de Diseno Textil ITX.MC | Spain | $206B | +20% | +6% | 20% | 27.3× | 15.3% | +14.3% |
| Ross Stores ROST | United States | $73.8B | +3% | +14% | 13% | 27.0× | 11.0% | +12.7% |
| H&M Hennes & Mauritz HM-B.ST | Sweden | $29.1B | +12% | -4% | 9% | 22.3× | 4.5% | +4.1% |
| Tapestry TPR | United States | $26.4B | 0% | +14% | 24% | 15.8× | 9.0% | +6.9% |
| Trent TRENT.NS | India | $17.4B | +8% | +18% | 12% | 75.1× | 60.1% | +50.6% |
| Allegro.eu ALE.WA | Poland | $15.5B | +97% | +8% | 20% | 30.8× | 22.1% | +23.4% |
| Burlington Stores BURL | United States | $15.5B | -19% | +11% | 8% | 20.5× | 18.2% | +14.9% |
| Lpp LPP.WA | Poland | $13.0B | +36% | +15% | 13% | 17.4× | 17.5% | +24.1% |
| Aritzia ATZ.TO | Canada | $12.5B | +9% | +40% | 16% | 27.1× | 22.0% | +34.0% |
| Meesho MEESHO.NS | India | $11.4B | +17% | +34% | -9% | n/a | n/a | n/a |
| Victoria's Secret & VSXY | United States | $8.62B | +125% | +10% | 8% | 21.4× | 20.0% | +3.9% |
| Gap GAP | United States | $7.55B | -8% | +1% | 11% | 8.4× | -2.3% | +2.2% |
| Urban Outfitters URBN | United States | $7.26B | +18% | +11% | 10% | 13.1× | 6.9% | +12.3% |
| Abercrombie & Fitch ANF | United States | $6.35B | +57% | +5% | 14% | 12.1× | -2.7% | +11.0% |
| JD Sports Fashion JD..L | United Kingdom | $6.03B | +37% | +2% | 7% | 9.0× | 1.4% | +15.5% |
| SHIMAMURA 8227.T | Japan | $4.69B | +2% | +5% | 9% | 14.3× | -9.9% | +5.2% |
| Vishal Mega Mart VMM.NS | India | $4.67B | -25% | +18% | 9% | 43.8× | 32.3% | +19.4% |
| Boot Barn BOOT | United States | $3.92B | -20% | +17% | 14% | 14.6× | 14.3% | +20.3% |
| American Eagle Outfitters AEO | United States | $3.34B | +19% | +8% | 9% | 11.1× | 0.9% | +8.1% |