J.FRONT RETAILING Supplementary Information to Financial Results 【Japanese GAAP】

  1. Consolidated Results of Operations

    (Unit: Millions of yen, %)

    Item

    Fiscal year ended Feb 28, 2017

    Amount

    YoY

    1. Consolidated net sales

    1,108,512

    (4.7)

    2. Consolidated gross margin

    21.18 %

    Change

    0.08 %

    3. Consolidated gross profit

    234,785

    (4.4)

    4.

    Consolidated SGA

    190,205

    (3.7)

    5. Consolidated operating profit

    44,580

    (7.2)

    6. Consolidated operating margin

    4.0 %

    Change

    (0.1) %

    7. Consolidated ordinary profit

    44,425

    (7.3)

    8. Consolidated ordinary profit margin

    4.0 %

    Change

    (0.1) %

    9. Consolidated profit attributable to owners of parent

    26,950

    2.4

    10. Consolidated profit margin

    2.4 %

    Change

    0.1 %

    11. Consolidated total assets

    1,050,109

    30,963

    12. Consolidated equity

    406,336

    22,637

    13. Consolidated equity ratio

    38.7 %

    Change

    1.1 %

    14. Consolidated interest-bearing debt

    187,799

    6,877

    15. Consolidated financial balance

    (436)

    249

    16. Number of consolidated subsidiaries

    26 companies

    (3) companies

    17. Number of equity method associates

    9 companies

    1 company

    18. Cash flows from operating activities

    36,239

    (560)

    19. Cash flows from investing activities

    (30,353)

    9,388

    20. Cash flows from financing activities

    (2,189)

    (1,148)

    21. Return on equity (ROE)

    6.8 %

    Change

    (0.1) %

    22. Return on assets (ROA)

    4.3 %

    Change

    (0.4) %

    23. Return on investment (ROI)

    7.7 %

    Change

    (0.9) %

    24. Interest-bearing debt to equity ratio (D/E ratio)

    0.46 times

    Change

    (0.01) times

    25. Interest-bearing debt to cash flow ratio

    5.18 times

    Change

    0.26 times

    Notes: 1. Consolidated profit, consolidated operating profit and consolidated ordinary profit are used to calculate ROE, ROA and ROI, respectively.

  2. YoY decrease of three companies in Item 16 results from the following:

    As of September 1, 2016, Daimaru COM Development Inc. was merged into Daimaru Matsuzakaya Department Stores Co. Ltd., and JFR Office Support Co., Ltd. and JFR Consulting Co. Ltd. were merged into JFR Service Co. Ltd.

  3. YoY increase of one company in Item 17 results from the following: As of December 20, 2016, San-A Parco, Inc was established.

2. Financial Results by Consolidated Company

(Unit: Millions of yen, %)

Company name

Capital

Ownership percentage

Business

Fiscal year ended Feb 28, 2017

Net sales

Operating profit

Ordinary profit

Profit

1.

J.Front Retailing Co., Ltd.

30,000

13,646

10,433

9,750

8,702

2.

Daimaru Matsuzakaya Department Stores Co. Ltd.

10,000

100.0

Department store

646,990

22,702

21,266

13,555

3.

The Hakata Daimaru, Inc.

3,037

69.9

Department store

53,902

2,123

1,865

1,155

4.

The Shimonoseki Daimaru, Inc.

480

100.0

Department store

14,611

272

197

(25)

5.

Kochi Daimaru Co., Ltd.

300

100.0

Department store

12,490

195

204

95

6.

Parco Co., Ltd.

34,367

64.9

Shopping complex

240,221

11,815

12,618

6,049

7.

Parco (Singapore) Pte Ltd

SGD 4M

64.9

Shopping complex

77

(89)

(87)

(87)

8.

Neuve A Co., Ltd.

490

64.9

Specialty store

21,640

435

463

105

9.

Parco Space Systems Co., Ltd.

490

64.9

Space engineering & management

20,242

629

596

554

10.

Parco-City Co., Ltd.

10

64.9

Internet-related business

921

70

71

62

11.

Daimaru Kogyo, Ltd.

1,800

100.0

Wholesale

45,858

1,476

1,516

1,006

12.

Daimaru Kogyo International Trading (Shanghai) Co., Ltd.

USD 2M

100.0

Wholesale

3,373

68

89

64

13.

Daimaru Kogyo (Thailand) Co., Ltd.

THB 202M

99.9

Wholesale

738

2

10

9

14.

Taiwan Daimaru Kogyo, Ltd.

NTD 60M

100.0

Wholesale

378

(21)

(21)

(21)

15.

JFR Card Co., Ltd.

100

100.0

Credit

10,900

2,844

2,698

1,684

16.

J.Front Design & Construction Co., Ltd.

100

100.0

Design & construction Manufacture & sale of furniture

33,624

1,403

1,412

885

17.

JFR Online Co. Ltd.

100

100.0

Direct marketing

9,355

(426)

(475)

(1,240)

18.

Dimples' Co., Ltd.

90

100.0

Staffing service

12,051

627

629

388

19.

J.Front Foods Co., Ltd.

100

100.0

Restaurant

2,690

63

56

20

20.

Consumer Product End-Use Research Institute Co., Ltd.

450

100.0

Merchandise test Quality control

1,041

116

118

70

21.

JFR Plaza Inc.

NTD 185M

90.0

General merchandise retail

627

(195)

(198)

(571)

22.

Forest Co., Ltd.

90

72.9

Direct marketing

12,890

198

232

131

23.

Angel Park Co., Ltd.

400

50.2

Parking

1,126

621

657

439

24.

JFR Service Co. Ltd.

100

100.0

Commissioned back- office service Leasing

Parking management

6,193

134

166

107

25.

JFR Information Center Co., Ltd.

10

100.0

Information service

4,929

365

368

228

26.

Daimaru Matsuzakaya Sales Associates Co. Ltd.

90

100.0

Commissioned sales & store operations

9,696

175

177

97

27.

Daimaru Matsuzakaya Tomonokai Co., Ltd.

100

100.0

Specified prepaid transaction service

2,436

(523)

150

19

28.

Daimaru COM Development Inc.

－

－

Real estate leasing Tenant service

1,058

190

208

130

29.

JFR Consulting Co. Ltd.

－

－

Consulting

87

(5)

(5)

(6)

30.

JFR Office Support Co., Ltd.

－

－

Commissioned back- office service

1,016

67

78

50

Note: As of September 1, 2016, Daimaru COM Development Inc. was merged into Daimaru Matsuzakaya Department Stores Co. Ltd., and JFR Office Support Co., Ltd. and JFR Consulting Co. Ltd. were merged into JFR Service Co. Ltd.

3-1. Daimaru Matsuzakaya Department Stores Results of Operations

Item

Fiscal year ended Feb 28, 2017

Amount

YoY

1. Net sales

646,990

(4.5)

2. Gross margin

23.38 %

Change (0.15) %

3. Gross profit

151,288

(5.1)

4. SGA

128,586

(3.5)

5. Operating profit

22,702

(13.3)

6. Operating margin

3.5 %

Change (0.4) %

7. Ordinary profit

21,266

(13.1)

8. Ordinary profit margin

3.3 %

Change (0.3) %

9. Profit

13,555

26.1

10. Profit margin

2.1 %

Change 0.5 %

11. Total assets

371,904

11,842

12. Equity

103,624

7,400

13. Interest-bearing debt

80,993

911

14. Financial balance

(464)

(61)

15. Cash flows from operating activities

21,626

7,067

16. Cash flows from investing activities

(20,366)

(10,542)

17. Cash flows from financing activities

(1,592)

4,396

18. Return on equity (ROE)

13.6 %

Change 2.4 %

19. Return on assets (ROA)

6.2 %

Change (1.0) %

20. Return on investment (ROI)

11.8 %

Change (2.1) %

Note: Profit, operating profit and ordinary profit are used to calculate ROE, ROA and ROI, respectively.

3-2. Daimaru Matsuzakaya Department Stores Sales by Store

(Unit: Millions of yen, %)

Store

Term

Fiscal year ended Feb 28, 2017

Amount

YoY

Daimaru

Osaka Shinsaibashi

73,939

(18.8)

Osaka Umeda

63,740

(2.3)

Tokyo

74,804

2.2

Urawa Parco

3,259

(13.7)

Kyoto

67,326

(3.8)

Yamashina

3,812

(4.0)

Kobe

82,454

(3.1)

Suma

8,995

(5.7)

Ashiya

6,809

(4.5)

Sapporo

62,261

(0.7)

Matsuzakaya

Nagoya

120,685

(3.3)

Ueno

40,865

(1.7)

Shizuoka

21,383

(2.9)

Takatsuki

8,627

(4.8)

Toyota

8,026

(3.8)

Total

646,990

(4.5)

Note: The main building of Daimaru Shinsaibashi store temporarily closed on December 30, 2015 for rebuilding.

J.FRONT Retailing Co. Ltd. published this content on 10 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 April 2017 06:15:06 UTC.

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