J. Front Retailing Co., Ltd.
Q3 Financial Results for the Fiscal Year Ending February 2026
In the 3rd quarter of fiscal 2025, sales remained firm and operating income increased year-over-year. While the impact of the decline in visitors from China is uncertain, the company aims to achieve the full-year plan.
Key Figures
- Total Sales (3Q cumulative): 940.3 billion yen (YoY +2.9%)
- Operating Income (3Q cumulative): 41.5 billion yen (YoY -7.4%)
- Operating Profit (3Q cumulative): 40.6 billion yen (YoY -20.4%)
AI要約
Overview
In the 3rd quarter of fiscal 2025 (Sep-Nov), sales increased due to growth in the department store and shopping center businesses, and operating income rose by 0.9 billion yen year-over-year to 13.3 billion yen. On the other hand, operating profit declined by 1.0 billion yen to 10.7 billion yen due to losses recorded from the refurbishment of Daimaru Umeda store and the closure of Shizuoka PARCO.
Key Points
Duty-free sales were strong at 26.7 billion yen, up 14.8% year-over-year, but the decline in visitors from China was significant, falling below last year’s results. In the department store business, increases in duty-free sales and steady domestic consumption contributed, while the shopping center business performed well with both domestic and overseas customers.
Outlook
The outlook for the second half remains uncertain due to the impact of the decline in visitors from China, but the company aims to achieve the full-year plan announced in October. Operating profit is expected to decline, but operating income is planned to increase.
