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Fast Retailing Co., Ltd.
FRCOYConsumer CyclicalOTCJP
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Fast Retailing Co., Ltd. (OTCMKTS:FRCOY - Get Free Report) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 41,931 shares, a drop of 16.3% from the March 15th total of 50,094 shares. Based on an average daily trading volume, of
I have upgraded Fast Retailing's rating from 'Hold' to 'Buy' following my assessment of its prospects. The company raised its full-year financial guidance after registering a 1HFY2026 operating profit beat. FRCOY's European and North American businesses have the potential to be as large as its core Japanese unit in the intermediate-term.
Shares jumped over 9% to a record after Fast Retailing raised its full-year profit forecast. Company now sees operating profit at 700 billion yen, up from prior 650 billion yen guidance.
Fast Retailing raised its annual earnings forecasts after stronger first-half profit on robust global sales growth in its Uniqlo casual-clothing chain.
The Japanese owner of clothing brand Uniqlo said on Thursday that quarterly profit rose 29.4% just before the Middle East crisis roiled global markets and supply chains, and raised its full-year forecast.
Fast Retailing was a top contributor during the quarter, driven by strong execution across its global operations. Alibaba was a detractor during the quarter after the company reported mixed fiscal Q2 results. New positions were established in Sea Limited and Grab Holdings, while the portfolio's position in Atlassian was liquidated.
