J. Front Retailing Co., Ltd.
Consolidated Revenue Report for December 2025 – J. Front Retailing (IFRS)
Consolidated revenue for December 2025 saw a 2.0% YoY decrease in the Department Store segment and a 4.6% YoY increase in the SC segment. Duty-free sales at Daimaru Matsuzakaya Department Store significantly declined, while domestic sales maintained an upward trend.
Key Figures
- Department Store Segment Revenue: 2.0% YoY decrease
- Daimaru Matsuzakaya Department Store Duty-Free Sales: 16.8% YoY decrease in December
- SC Segment Tenant Sales: 4.6% YoY increase in December
AI要約
Performance Overview
Consolidated revenue of J. Front Retailing for December 2025 decreased by 2.0% YoY in the Department Store segment. At Daimaru Matsuzakaya Department Store, duty-free sales declined by 16.8% YoY in December due to a significant drop in inbound foreign customer purchases, whereas domestic sales increased by 1.7%. The SC segment saw a 4.6% increase in tenant sales driven by effects from store renovations and strengthened efforts to attract inbound foreign customers, with substantial sales growth recorded at multiple locations including Shibuya PARCO and Sendai PARCO. The Developer and Payment & Financial segments experienced revenue declines due to a reduction in large construction orders from the previous year and increased point expenses.
Segment Trends and Future Outlook
In the Department Store segment, sales of men’s and women’s apparel and accessories were below the previous year, while sales of sundries and art/jewelry performed favorably. The SC segment showed 5.6% growth on an existing store basis, particularly driven by increases in general goods and cinema/theater-related categories. Shinsaibashi PARCO was affected by decreased inbound foreign customer sales. Matsumoto PARCO ceased operations at the end of February 2025. Overall, recovery of inbound foreign demand remains a challenge, and enhancing domestic demand along with maximizing store renovation effects are the key strategic priorities going forward.
