For the report in full please go here, to find out more concerning Fast Retailing then please visit analysis of Fast Retailing.
In the financial statement below we see that 2016 was not a great year for Fast Retailing. They had a very, very moderate revenue increase which is very bad and what makes it even worse is that the earnings are far from where they should be. The last time they were down at this level in earnings was in 2009. The sale area did also not improve with an impressive value and year to year sales, especially in Japan, is not something to brag about.
Conclusion: Fast Retailing is currently having a tough time and Japan, their oh so important home market, are not delivering as one would have hoped. That should today be a cash cow that should support the expansion everywhere else in the world but instead stores needs to be closed down. I am not very happy with the development in Fast Retailing but I will remain as a shareholder for the time being because I do believe that they will have a bright future with their cloths and their store concept.