J. Front Retailing Co., Ltd.
PARCO Co., Ltd. Notice Regarding the Closure of Fukuoka PARCO Operations
PARCO Co., Ltd. will close Fukuoka PARCO (approximately 42,000㎡ store area; tenant sales of 27,274 million yen in fiscal 2024) at the end of February 2027, and proceed with redevelopment of the Tenjin 2-chome South Block, Ekimae East District.
Key Figures
- Tenant Sales: 27,274 million yen (Fiscal 2024 results)
- Store Area: Approx. 42,000㎡
- Scheduled Closure Date: End of February 2027
AI要約
Overview of Fukuoka PARCO Closure
Fukuoka PARCO opened in March 2010 and has operated for over 15 years with community support. Considering building aging, future investment burdens, and progress of surrounding redevelopment plans, it has been decided to close operations at the end of February 2027. Tenant sales for fiscal 2024 were 27,274 million yen, accounting for about 8.4% of total PARCO sales.
Future Redevelopment Plans and Outlook
After closure, redevelopment of the Tenjin 2-chome South Block Ekimae East District will be advanced, with plans to improve earthquake resistance and disaster prevention, introduce cultural and information dissemination facilities such as live houses, galleries, and museums. Green spaces and public pedestrian convenience improvements will also be considered to contribute to local vibrancy. There is no impact on consolidated earnings forecast for fiscal 2026, and removal expenses etc. may be recorded from fiscal 2027 onwards but are currently under review.
