---
title: "According to \"The Big Bank,\" Bank of America Securities raised the target price for Fast Retailing to 77,000 Japanese Yen, maintaining it as one of the top ten preferred stocks in the Asia-Pacific region"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282281001.md"
description: "Bank of America Securities raised the target price of Fast Retailing (9983.JP) to 77,000 yen, maintaining a \"Buy\" rating and listing it as one of the top ten preferred stocks in the Asia-Pacific region. The report noted that Fast Retailing's business profit for the first half of fiscal year 2026 increased by 28.3% year-on-year to 386.9 billion yen, exceeding expectations. Management raised the full-year business profit guidance to 690 billion yen, expecting a year-on-year growth of 25.2%. Over the next five years, Fast Retailing aims to achieve sales of 1 trillion yen in both the European and North American markets"
datetime: "2026-04-10T02:51:28.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282281001.md)
  - [en](https://longbridge.com/en/news/282281001.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282281001.md)
---

# According to "The Big Bank," Bank of America Securities raised the target price for Fast Retailing to 77,000 Japanese Yen, maintaining it as one of the top ten preferred stocks in the Asia-Pacific region

Bank of America Securities published a research report indicating that Fast Retailing (06288.HK) is expected to achieve a year-on-year business profit growth of 28.3% to 386.9 billion yen for the first half of the fiscal year ending February 2026, exceeding the bank's expectations, with Japan's Uniqlo and Greater China operations being the main drivers. After the first fiscal quarter, management raised the full-year business profit guidance for the period ending August from 650 billion yen to 690 billion yen, implying a year-on-year growth of 25.2%.

During the earnings release conference, management reiterated that the goal for the next five years is to achieve sales of 1 trillion yen in both the European and North American markets, and they believe that reaching sales of 3 trillion yen in each region in the medium term is an achievable target.

The bank believes that Fast Retailing's growth story is still in its early stages. Considering changes in market conditions and increased confidence in the company's medium- to long-term growth prospects, it has decided to raise the target price for Fast Retailing (9983.JP) from the previous 73,500 yen to 77,000 yen, corresponding to a forecasted price-to-earnings ratio of approximately 41 times for the fiscal year 2028, reiterating a "Buy" rating and maintaining it as one of the top ten investment picks in the Asia-Pacific region

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