FAST RETAILING, The Current Fiscal Year Net Income Revised Upward by 6%, Raises Record High Profit Forecast, Dividend Revised Upward by 30 yen

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Thu Apr 10, 2025 3:31 pm JST Earnings

9983 FAST RETAILING CO., LTD. 【IFRS】

Earnings Report

FAST RETAILING CO., LTD. <9983> [TSE Prime] announced its financial results (based on IFRS) after the market closed on April 10th (15:31). The consolidated net income for the cumulative second quarter of the fiscal year ending August 2025 (September 2024 to February 2025) increased 19.2% from the same period last year, reaching 233 billion yen.

In addition, the full-year consolidated net income has been revised upward 6.5%, from the previous forecast of 385 billion yen to 410 billion yen (compared to 371 billion yen in the previous period), increasing the growth rate from 3.5% to 10.2%, further surpassing the previous forecast of record-high profits for five consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the March to August period (2H) is expected to nearly flat at 176 billion yen, up 0.2% from the same period last year.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 450 yen to 480 yen (compared to 400 yen in the previous period).

In the most recent three-month period, from December to February (2Q), the consolidated net income grew 15.3% from the same period last year, reaching 101 billion yen. The operating profit margin rose from 14.0% in the same period last year to 16.4%.

Kabutan News

Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Sep - Feb, 2022	1,467,350	220,263	230,499	153,392	500.3	52.6	Apr 13, 2023	IFRS
Sep - Feb, 2023	1,598,999	257,085	299,395	195,912	638.8	53.7	Apr 11, 2024	IFRS
Sep - Feb, 2024	1,790,198	304,217	363,724	233,566	761.4	57.3	Apr 10, 2025	IFRS
YoY	+12.0%	+18.3%	+21.5%	+19.2%	+19.2%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2024 Guidance	ー	ー	ー	ー	－	225	Oct 10, 2024	IFRS
Sep - Feb, 2024 Results	1,790,198	304,217	363,724	233,566	761.4	240	Apr 10, 2025	IFRS
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2025 Prev	3,400,000	530,000	585,000	385,000	1,254.9	450	Oct 10, 2024	IFRS
Aug, 2025 New	3,400,000	545,000	635,000	410,000	1,336.4	480	Apr 10, 2025	IFRS
Revision Rate	0.0%	+2.8%	+8.5%	+6.5%	+6.5%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar - Aug, 2024	1,504,837	243,819	257,806	176,087	574.1	225	Oct 10, 2024	IFRS
Mar - Aug, 2025 Guidance	1,609,802	240,783	271,276	176,434	575.1	240	Apr 10, 2025	IFRS
YoY	+7.0%	-1.2%	+5.2%	+0.2%	+0.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2023	2,766,557	381,090	437,918	296,229	966.1	290	Oct 12, 2023	IFRS
Aug, 2024	3,103,836	500,904	557,201	371,999	1,212.9	400	Oct 10, 2024	IFRS
Aug, 2025 Guidance	3,400,000	545,000	635,000	410,000	1,336.4	480	Apr 10, 2025	IFRS
YoY	+9.5%	+8.8%	+14.0%	+10.2%	+10.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Dec - Feb, 2023	788,166	110,399	136,924	88,112	287.3	14.0	Apr 11, 2024	IFRS
Mar - May, 2024	767,502	144,718	178,372	116,926	381.2	18.9	Jul 11, 2024	IFRS
Jun - Aug, 2024	737,335	99,101	79,434	59,161	192.9	13.4	Oct 10, 2024	IFRS
Sep - Nov, 2024	895,192	157,556	196,613	131,963	430.2	17.6	Jan 9, 2025	IFRS
Dec - Feb, 2024	895,006	146,661	167,111	101,603	331.2	16.4	Apr 10, 2025	IFRS
YoY	+13.6%	+32.8%	+22.0%	+15.3%	+15.3%