Fast Retailing Co., Ltd. (FRCOY)

Fast Retailing Income Statement

Financials in millions JPY. Fiscal year is September - August.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb 28, 2025	Aug 31, 2024	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021	Aug 31, 2020
Revenue	3,295,035	3,103,836	2,766,557	2,301,122	2,132,992	2,008,846
Revenue Growth (YoY)	13.69%	12.19%	20.23%	7.88%	6.18%	-12.30%
Cost of Revenue	1,512,380	1,430,764	1,330,196	1,094,263	1,059,036	1,033,000
Gross Profit	1,782,655	1,673,072	1,436,361	1,206,859	1,073,956	975,846
Selling, General & Admin	1,043,897	984,815	1,054,368	900,154	818,427	805,821
Other Operating Expenses	-5,953	-6,907	-2,304	-9,119	804	-1,625
Operating Expenses	1,240,842	1,180,806	1,052,064	891,035	819,231	804,196
Operating Income	541,813	492,266	384,297	315,824	254,725	171,650
Interest Expense	-12,464	-11,078	-9,791	-7,560	-6,990	-7,706
Interest & Investment Income	101,910	66,747	41,321	9,469	4,589	9,673
Earnings From Equity Investments	1,927	1,417	1,139	1,059	561	321
Currency Exchange Gain (Loss)	-13,430	7,539	25,915	119,051	22,134	3,079
Other Non Operating Income (Expenses)	1	6	-90	27	37	49
EBT Excluding Unusual Items	619,757	556,897	442,791	437,870	275,056	177,066
Gain (Loss) on Sale of Assets	-693	-1,397	-917	-1,136	7,723	-1,125
Asset Writedown	2,464	1,700	-3,958	-23,148	-16,902	-23,059
Other Unusual Items	-	-	-	-2	-6	-15
Pretax Income	621,528	557,200	437,916	413,584	265,871	152,867
Income Tax Expense	188,081	163,596	122,746	128,834	90,188	62,470
Earnings From Continuing Operations	433,447	393,604	315,170	284,750	175,683	90,397
Minority Interest in Earnings	-23,794	-21,605	-18,941	-11,415	-5,836	-40
Net Income	409,653	371,999	296,229	273,335	169,847	90,357
Net Income to Common	409,653	371,999	296,229	273,335	169,847	90,357
Net Income Growth	20.93%	25.58%	8.38%	60.93%	87.97%	-44.42%
Shares Outstanding (Basic)	307	307	307	307	306	306
Shares Outstanding (Diluted)	307	307	307	307	307	307
Shares Change (YoY)	-0.03%	-	0.06%	0.03%	0.03%	0.04%
EPS (Basic)	1335.83	1213.19	966.09	891.76	554.37	295.05
EPS (Diluted)	1333.38	1210.81	964.48	890.43	553.48	294.54
EPS Growth	20.93%	25.54%	8.32%	60.88%	87.91%	-44.45%
Free Cash Flow	487,637	575,778	401,452	379,546	372,468	218,368
Free Cash Flow Per Share	1587.65	1874.65	1307.07	1236.43	1213.76	711.82
Dividend Per Share	465.000	400.000	290.000	206.670	160.000	160.000
Dividend Growth	36.77%	37.93%	40.32%	29.17%	-	-
Gross Margin	54.10%	53.90%	51.92%	52.45%	50.35%	48.58%
Operating Margin	16.44%	15.86%	13.89%	13.73%	11.94%	8.54%
Profit Margin	12.43%	11.98%	10.71%	11.88%	7.96%	4.50%
Free Cash Flow Margin	14.80%	18.55%	14.51%	16.49%	17.46%	10.87%
EBITDA	754,355	696,654	422,817	350,427	284,837	202,065
EBITDA Margin	22.89%	22.45%	15.28%	15.23%	13.35%	10.06%
D&A For EBITDA	212,542	204,388	38,520	34,603	30,112	30,415
EBIT	541,813	492,266	384,297	315,824	254,725	171,650
EBIT Margin	16.44%	15.86%	13.89%	13.73%	11.94%	8.54%
Effective Tax Rate	30.26%	29.36%	28.03%	31.15%	33.92%	40.87%
Advertising Expenses	-	102,126	92,312	79,267	66,576	68,307

Source: S&P Global Market Intelligence. Standard template. Financial Sources.