Fast Retailing Records 26% Higher Attributable Profit in Fiscal 2024

MT Newswires Live
10 Oct 2024

Fast Retailing (HKG:6288, TYO:9983) recorded a 25.6% rise in profit attributable to owners of the parent for the year ended Aug. 31 to 372.0 billion yen from 296.2 billion yen during the previous fiscal year, a Thursday Hong Kong bourse filing said.

Earnings per share were 1,210.81 yen for the reporting period, up from 964.48 yen for the last year.

The multinational retail holding company's revenue rose by 12.2% to 3.104 trillion yen during the period from 2.767 trillion yen a year ago.

The company recommended a final dividend of 400.00 yen for the fiscal year.

The company attributed the increase in revenue to an accelerated diversification of its "major earnings pillars" and the implementation of frameworks for facilitating higher potential earnings across the globe.

The company expects an attributable profit of 385 billion yen, basic EPS of 1,255.14 yen, revenue of 3.400 trillion yen, and a total dividend of 450 yen per share for the fiscal year ending Aug. 31, 2025.

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