Consolidated Results of Operations
(Unit: Millions of yen, %)
Item
Three months ended
May 31, 2016
Three months ended
May 31, 2015
Change
¥M
%
1. Consolidated net sales
268,776
285,585
(16,809)
(5.9)
2. Consolidated gross margin
21.26 %
21.05 %
Change 0.21 %
3. Consolidated gross profit
57,129
60,113
(2,984)
(5.0)
4. Consolidated SGA
47,810
49,436
(1,626)
(3.3)
5. Consolidated operating income
9,318
10,676
(1,358)
(12.7)
6. Consolidated operating margin
3.5 %
3.7 %
Change (0.2) %
7. Consolidated ordinary income
8,736
12,622
(3,886)
(30.8)
8. Consolidated ordinary income margin
3.3 %
4.4 %
Change (1.1) %
9. Consolidated profit attributable to owners of parent
8,484
17,085
(8,601)
(50.3)
10. Consolidated net profit margin
3.2 %
6.0 %
Change (2.8) %
Financial Results by Consolidated Company
(Unit: Millions of yen, %)
Company name
Capital
Ownership percentage
Business
Three months ended May 31, 2016
Net sales
Operating income
Ordinary income
Net income
1. J. Front Retailing Co., Ltd.
30,000
6,426
5,622
5,673
5,631
Daimaru Matsuzakaya Department
2. Stores Co. Ltd.
10,000
100.0
Department store
153,300
4,116
3,912
2,049
3. The Hakata Daimaru, Inc.
3,037
69.9
Department store
12,324
362
311
199
4. The Shimonoseki Daimaru, Inc.
480
100.0
Department store
3,523
6
(10)
(133)
5. Kochi Daimaru Co., Ltd.
300
100.0
Department store
3,082
42
43
26
6. Parco Co., Ltd.
34,367
64.9
Shopping complex
60,978
2,903
2,861
1,570
7. Parco (Singapore) Pte Ltd
SGD 4M
64.9
Shopping complex
-
(15)
(14)
(14)
8. Neuve A Co., Ltd.
490
64.9
Specialty store
5,167
39
46
19
9. Parco Space Systems Co., Ltd.
490
64.9
Space engineering & management
5,661
302
308
180
10. Parco-City Co., Ltd.
10
64.9
Internet-related business
242
21
21
19
11. Daimaru Kogyo, Ltd.
1,800
100.0
Wholesale
10,405
211
208
136
Daimaru Kogyo International Trading
12. (Shanghai) Co., Ltd.
USD 2M
100.0
Wholesale
659
4
3
2
13. Daimaru Kogyo (Thailand) Co., Ltd.
THB 202M
99.9
Wholesale
240
1
4
4
14. Taiwan Daimaru Kogyo, Ltd.
NTD 60M
100.0
Wholesale
84
(4)
(3)
(3)
15. JFR Card Co., Ltd.
100
100.0
Credit
2,630
760
729
484
J. Front Design & Construction
16. Co., Ltd.
100
100.0
Design & construction Manufacture & sale of furniture
11,556
489
490
328
17. JFR Online Co. Ltd.
100
100.0
Direct marketing
2,342
(212)
(212)
(212)
18. Dimples' Co., Ltd.
90
100.0
Staffing service
2,822
140
140
92
19. J. Front Foods Co., Ltd.
100
100.0
Restaurant
667
(4)
(6)
(6)
20. Daimaru COM Development Inc.
50
100.0
Real estate leasing Tenant service
547
93
100
65
Consumer Product End-Use
21. Research Institute Co., Ltd.
450
100.0
Merchandise test Quality control
250
15
15
9
22. JFR Plaza Inc.
NTD 185M
90.0
General merchandise retail
165
(43)
(44)
(44)
23. Forest Co., Ltd.
90
72.9
Direct marketing
3,276
36
71
31
24. Angel Park Co., Ltd.
400
50.2
Parking
276
154
165
110
25. JFR Office Support Co., Ltd.
100
100.0
Commissioned back- office service
502
31
43
26
26. JFR Service Co. Ltd.
100
100.0
Leasing
Parking management
1,337
31
31
13
27. JFR Consulting Co. Ltd.
100
100.0
Consulting
42
(2)
(2)
(2)
28. JFR Information Center Co., Ltd.
10
100.0
Information service
1,288
120
121
77
Daimaru Matsuzakaya Sales
29. Associates Co. Ltd.
90
100.0
Commissioned sales & store operations
2,413
46
46
28
Daimaru Matsuzakaya Tomonokai
30. Co., Ltd.
100
100.0
Specified prepaid transaction service
546
(118)
52
15
Daimaru Matsuzakaya Department Stores Results of Operations
(Unit: Millions of yen, %)
Item
Three months ended May 31, 2016
Three months ended May 31, 2015
Change
¥M
%
1. Net sales
153,300
164,573
(11,273)
(6.8)
2. Gross margin
23.69 %
23.63 %
Change 0.06 %
3. Gross profit
36,312
38,883
(2,571)
(6.6)
4. SGA
32,195
33,298
(1,103)
(3.3)
5. Operating income
4,116
5,584
(1,468)
(26.3)
6. Operating margin
2.7 %
3.4 %
Change (0.7) %
7. Ordinary income
3,912
5,468
(1,556)
(28.5)
8. Ordinary income margin
2.6 %
3.3 %
Change (0.7) %
9. Net income
2,049
3,555
(1,506)
(42.4)
10. Net income margin
1.3 %
2.2 %
Change (0.9) %
Daimaru Matsuzakaya Department Stores Sales by Store
Note: The main building of Daimaru Shinsaibashi store temporarily closed on December 30, 2015 for rebuilding.
Term Store | Three months ended May 31, 2016 | Three months ended May 31, 2015 | Change | |||
Amount | Component ratio | Amount | Component ratio | ¥M | % | |
Daimaru Osaka Shinsaibashi | 17,004 | 11.1 | 22,420 | 13.6 | (5,416) | (24.2) |
Osaka Umeda | 15,125 | 9.9 | 15,800 | 9.6 | (675) | (4.3) |
Tokyo | 18,290 | 11.9 | 17,791 | 10.8 | 499 | 2.8 |
Urawa Parco | 803 | 0.5 | 963 | 0.6 | (160) | (16.5) |
Kyoto | 15,838 | 10.3 | 16,911 | 10.3 | (1,073) | (6.3) |
Yamashina | 900 | 0.6 | 942 | 0.6 | (42) | (4.5) |
Kobe | 19,621 | 12.8 | 20,581 | 12.5 | (960) | (4.7) |
Suma | 2,138 | 1.4 | 2,296 | 1.4 | (158) | (6.9) |
Ashiya | 1,606 | 1.1 | 1,706 | 1.0 | (100) | (5.8) |
Sapporo | 14,419 | 9.4 | 14,988 | 9.1 | (569) | (3.8) |
Matsuzakaya Nagoya | 28,232 | 18.4 | 30,018 | 18.2 | (1,786) | (5.9) |
Ueno | 10,245 | 6.7 | 10,456 | 6.4 | (211) | (2.0) |
Shizuoka | 5,091 | 3.3 | 5,419 | 3.3 | (328) | (6.0) |
Takatsuki | 2,044 | 1.3 | 2,214 | 1.3 | (170) | (7.7) |
Toyota | 1,937 | 1.3 | 2,061 | 1.3 | (124) | (6.0) |
Total | 153,300 | 100.0 | 164,573 | 100.0 | (11,273) | (6.8) |
(Unit: Millions of yen, %)
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