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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Fast Retailing Co., Ltd.    9983   JP3802300008

FAST RETAILING CO., LTD.

(9983)
  Report
End-of-day quote. End-of-day quote Tokyo Stock Exchange - 01/15
90990 JPY   -2.85%
04:04aFAST RETAILING : (261kb)
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01/15Nomura Adjusts Fast Retailing's Price Target to 87,000 Yen From 85,000 Yen, Keeps at Neutral
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01/15Nikkei eases from over 30-year high; tech gains cap declines
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Fast Retailing : J Brand to Strategically Change Direction

11/11/2020 | 05:11pm EST

Last Updated: 2020.11.12

FAST RETAILING CO., LTD.

The Fast Retailing Group today announced a strategic plan to rearticulate the business model of premium denim brand J Brand, Inc. and shift direction toward direct distribution. Beginning with the Summer 2021 collection, J Brand will be distributed exclusively via select direct-to-consumer channels operated by its parent company, the Fast Retailing Group.

'J Brand's current business model is not aligned with the vision we have for its future success. This change in direction will bring energy and focus back to a celebrated denim brand in what has become an increasingly saturated marketplace,' stated Kazumi Yanai, Chairman of J Brand, Inc. and Group Senior Executive Officer of Fast Retailing.

The Los Angeles-headquartered Fast Retailing Jeans Innovation Center (JIC), opened in 2016, will continue to innovate sustainable, next-generation denim development and support denim production for Fast Retailing brands globally, including the future J Brand assortment. As a consequence of the change in business strategy, the current J Brand workforce will be reduced in the coming months in proportion to the needs of a redefined corporate structure.

Yanai underlined Fast Retailing's commitment to J Brand and the denim category generally: 'The reality of the denim market today and our ability to figure in it significantly depends on our ability to react and adapt quickly - not only to the marketplace, but also to the changing needs of our customers. Ultimately, I believe J Brand will be best served by a streamlined operation, a sharper distribution network and a greater focus on the dynamic lifestyle of the end customer. Fast Retailing's global concept of LifeWear has never been more relevant to us.'

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Disclaimer

Fast Retailing Co. Ltd. published this content on 12 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2020 22:10:00 UTC


© Publicnow 2020
All news about FAST RETAILING CO., LTD.
04:04aFAST RETAILING : (261kb)
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01/15Nomura Adjusts Fast Retailing's Price Target to 87,000 Yen From 85,000 Yen, K..
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More news
Financials
Sales 2021 2 294 B 22 102 M 22 102 M
Net income 2021 179 B 1 729 M 1 729 M
Net cash 2021 541 B 5 211 M 5 211 M
P/E ratio 2021 51,7x
Yield 2021 0,56%
Capitalization 9 211 B 88 741 M 88 749 M
EV / Sales 2021 3,78x
EV / Sales 2022 3,39x
Nbr of Employees 57 727
Free-Float 51,3%
Chart FAST RETAILING CO., LTD.
Duration : Period :
Fast Retailing Co., Ltd. Technical Analysis Chart | 9983 | JP3802300008 | MarketScreener
Technical analysis trends FAST RETAILING CO., LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 85 970,59 JPY
Last Close Price 90 990,00 JPY
Spread / Highest target 16,5%
Spread / Average Target -5,52%
Spread / Lowest Target -41,8%
EPS Revisions
Managers and Directors
NameTitle
Tadashi Yanai Chairman, President & Group CEO
Takeshi Okazaki Chief Financial Officer & Non-Executive Director
Masaaki Shintaku Independent Outside Director
Toru Hambayashi Independent Outside Director
Nobumichi Hattori Independent Outside Director
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