Zhi Tong Cai Jing·2025-12-22 06:37Group 1 - Goldman Sachs has raised the operating profit forecasts for FAST RETAIL-DRS (06288) for the fiscal years 2026 to 2028 by 2%, 1%, and 1% respectively, reflecting strong domestic sales momentum in Japan as of November [1] - From September to November, same-store sales in Japan increased by 11%, while overall sales grew by 12.1% year-on-year [1] - The company expects the consolidated operating profit for the first quarter of fiscal year 2026 to be 184 billion yen, representing a year-on-year growth of 17% [1] Group 2 - Goldman Sachs has raised the target price for Fast Retailing's stock (9983.JP) to 60,000 yen and maintains a "Buy" rating [1] - The forecast includes factors such as the bottoming out of performance in mainland China and the impact of U.S. tariffs, with expected sales and operating profit in the Chinese market increasing by 2% and 5% respectively [1] - In North America, despite tariff impacts, the company is expected to improve its operating profit margin in fiscal year 2026 through price adjustments, discount control, and enhanced labor efficiency, particularly in the second half of the fiscal year [1] Group 3 - In Japan, due to the weakening yen leading to reduced price increases for Uniqlo, the consolidated operating profit margin for fiscal year 2026 is forecasted to be 16.9%, an improvement of 0.3 percentage points year-on-year [1]