J. Front Retailing Co., Ltd.
Financial Results Presentation for Fiscal Year Ending February 2026
For the fiscal year ending February 2026, net sales totaled 1,290.4 billion yen (1.7% year-over-year increase), operating income was 49.0 billion yen (15.8% year-over-year decrease), and net income attributable to owners of parent was 28.2 billion yen (31.7% year-over-year decrease).
Key Figures
- Total Net Sales: 1,290.4 billion yen (1.7% year-over-year increase)
- Operating Income: 49.0 billion yen (15.8% year-over-year decrease)
- Net Income Attributable to Owners of Parent: 28.2 billion yen (31.7% year-over-year decrease)
AI要約
Fiscal Year 2025 Actuals and Fiscal Year 2026 Outlook
Consolidated results for fiscal year 2025 (fiscal year ending February 2026) recorded total net sales of 1,290.4 billion yen (1.7% year-over-year increase), operating income of 49.0 billion yen (15.8% year-over-year decrease), and net income attributable to owners of parent of 28.2 billion yen (31.7% year-over-year decrease). The decline in operating income and net income was due to the absence of one-time profits realized in the previous fiscal year. The year-end dividend is planned at 27 yen, making the full-year dividend 54 yen per share, representing a 2 yen increase year-over-year. For fiscal year 2026, net sales are projected at 1,347.0 billion yen (4.4% year-over-year increase), operating income at 25.0 billion yen (4.1% year-over-year decrease), and net income at 29.0 billion yen (2.5% year-over-year increase).
Segment Performance and Business Environment
The department store business saw increased revenue driven by steady high-net-worth consumer spending and the Osaka Expo effect, but operating income declined due to cost increase factors such as price hikes. Duty-free sales declined by 20 billion yen compared to the previous year to 110.5 billion yen, reflecting a decrease in Chinese inbound visitors since December. The shopping center business achieved revenue and profit growth supported by expanded IP content and strong inbound transaction volume. The developer business experienced declines in revenue and profit due to the reaction to large-scale construction orders but exceeded the October forecast. The payment and financial business increased revenue through card member expansion but saw profit decrease due to higher new card issuance costs. For fiscal 2026, the company aims to grow sales across all businesses. Although the department store segment plans a profit decline impacted by renovation of the Umeda store, the shopping center and developer businesses are expected to drive growth.
J. Front Retailing Co., Ltd.
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