Sunday, 18 March 2018

Fast Retailing annual report 2017

Front page of the annual 2017 report from Fast Retailing

It is not their "true" annual report but it is from the publication that they made with the results.

For the report in full please go here, to find out more concerning Fast Retailing then please visit analysis of Fast Retailing 2017.

As can be seen in the income statement below Fast Retailing have started to do much better again. They had some hard years and hopefully they have finally managed to turn it around. The biggest problem they had was with their domestic market, so in Japan, where they were forced to shut down a couple of stores but now it seems as if they have managed to push up the margins again due to this. The revenue increase is only so, so with +4% but the profit increase is excellent with +148% which tells more about the sorry state that they were in than what it has to do with the earnings really being spectacular. Still it is a good start!

Income statement of Fast Retailing 2017

Conclusion: I hope that this was now the turning point for Fast Retailing. That they have closed down the majority of stores that they needed to deal with due to over expansion + the staggering increase of sales over internet. I will remain as a shareholder.

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