J.FRONT RETAILING CO., LTD. 1. Consolidated Results of Operations
(Unit: Millions of yen, %)
Item | Three months ended May 31, 2015 | Three months ended May 31, 2014 | Change | |
Item | Three months ended May 31, 2015 | Three months ended May 31, 2014 | ¥M | % |
1. Consolidated net sales | 285,585 | 285,316 | 269 | 0.1 |
2. Consolidated gross margin | 21.05 % | 21.35 % | Change (0.30) % | |
3. Consolidated gross profit | 60,113 | 60,901 | (788) | (1.3) |
4. Consolidated SGA | 49,436 | 50,383 | (947) | (1.9) |
5. Consolidated operating income | 10,676 | 10,518 | 158 | 1.5 |
6. Consolidated operating margin | 3.7 % | 3.7 % | Change 0.0 % | |
7. Consolidated ordinary income | 12,622 | 10,555 | 2,067 | 19.6 |
8. Consolidated ordinary income margin | 4.4 % | 3.7 % | Change 0.7 % | |
9. Consolidated net income | 17,085 | 4,968 | 12,117 | 243.9 |
10. Consolidated net income margin | 6.0 % | 1.7 % | Change 4.3 % |
Note: As the inventory valuation method of Daimaru Matsuzakaya Department Stores Co. Ltd. has been changed to the specific identification method from the period under review, the previous year's figures were amended accordingly.
2. Financial Results by Consolidated Company
(Unit: Millions of yen, %)
Company name | Capital | Ownership percentage | Business | Three months ended May 31, 2015 | |||
Company name | Capital | Ownership percentage | Business | Net sales | Operating income | Ordinary income | Net income |
1. J. Front Retailing Co., Ltd. | 30,000 | 5,569 | 4,828 | 4,841 | 4,864 | ||
Daimaru Matsuzakaya Department 2. Stores Co. Ltd. | 10,000 | 100.0 | Department store | 164,573 | 5,584 | 5,468 | 3,555 |
3. The Hakata Daimaru, Inc. | 3,037 | 69.9 | Department store | 13,244 | 529 | 465 | 191 |
4. The Shimonoseki Daimaru, Inc. | 480 | 100.0 | Department store | 3,789 | 54 | 36 | 5 |
5. Kochi Daimaru Co., Ltd. | 300 | 100.0 | Department store | 3,321 | 69 | 81 | 41 |
6. Parco Co., Ltd. | 34,367 | 64.9 | Shopping complex | 63,379 | 3,070 | 3,108 | 1,914 |
7. Parco (Singapore) Pte Ltd | SGD 4M | 64.9 | Shopping complex | ― | (14) | (14) | (14) |
8. Neuve A Co., Ltd. | 490 | 64.9 | Specialty store | 5,055 | 105 | 106 | 49 |
9. Parco Space Systems Co., Ltd. | 490 | 64.9 | Space engineering & management | 6,171 | 209 | 215 | 90 |
10. Parco-City Co., Ltd. | 10 | 64.9 | Internet-related business | 207 | 18 | 18 | 17 |
11. Daimaru Kogyo, Ltd. | 1,800 | 100.0 | Wholesale | 14,406 | 328 | 371 | 230 |
12. Daimaru Kogyo International Trading (Shanghai) Co., Ltd. | USD 2M | 100.0 | Wholesale | 908 | 19 | 23 | 17 |
13. Daimaru Kogyo (Thailand) Co., Ltd. | THB 202M | 99.9 | Wholesale | 205 | (4) | (4) | (4) |
14. Taiwan Daimaru Kogyo, Ltd. | NTD 60M | 100.0 | Wholesale | 4 | (7) | (7) | (7) |
15. JFR Card Co., Ltd. | 100 | 100.0 | Credit | 2,524 | 731 | 699 | 420 |
J. Front Design & Construction 16. Co., Ltd. | 100 | 100.0 | Design & construction Manufacture & sale of furniture | 8,116 | 65 | 63 | 11 |
17. JFR Online Co. Ltd. | 100 | 100.0 | Direct marketing | 2,516 | (255) | (255) | (255) |
18. Dimples' Co., Ltd. | 90 | 100.0 | Staffing service | 2,771 | 150 | 151 | 95 |
19. J. Front Foods Co., Ltd. | 100 | 100.0 | Restaurant | 712 | 9 | 7 | 6 |
20. Daimaru COM Development Inc. | 50 | 100.0 | Real estate leasing Tenant service | 538 | 92 | 90 | 54 |
21. Consumer Product End-Use Research Institute Co., Ltd. | 450 | 100.0 | Merchandise test Quality control | 248 | 14 | 15 | 6 |
22. JFR Plaza Inc. | NTD 185M | 90.0 | General merchandise retail | 137 | (43) | (43) | (43) |
23. Forest Co., Ltd. | 90 | 72.9 | Direct marketing | 3,384 | 22 | 23 | 12 |
24. Angel Park Co., Ltd. | 400 | 50.2 | Parking | 288 | 159 | 168 | 107 |
25. JFR Office Support Co., Ltd. | 100 | 100.0 | Commissioned back- office service | 500 | 38 | 46 | 28 |
26. JFR Service Co. Ltd. | 100 | 100.0 | Leasing Parking management | 1,291 | 55 | 55 | 34 |
27. JFR Consulting Co. Ltd. | 100 | 100.0 | Consulting | 41 | (10) | (10) | (10) |
28. JFR Information Center Co., Ltd. | 10 | 100.0 | Information service | 1,190 | 100 | 101 | 60 |
Daimaru Matsuzakaya Sales 29. Associates Co. Ltd. | 90 | 100.0 | Commissioned sales & store operations | 2,452 | 34 | 33 | 18 |
30. Daimaru Matsuzakaya Tomonokai Co., Ltd. | 100 | 100.0 | Specified prepaid transaction service | 544 | (110) | 34 | (73) |
3. Daimaru Matsuzakaya Department Stores Results of Operations
(Unit: Millions of yen, %)
Item | Three months ended May 31, 2015 | Three months ended May 31, 2014 | Change | |
Item | Three months ended May 31, 2015 | Three months ended May 31, 2014 | ¥M | % |
1. Net sales | 164,573 | 166,522 | (1,949) | (1.2) |
2. Gross margin | 23.63 % | 23.83 % | Change (0.20) % | |
3. Gross profit | 38,883 | 39,676 | (793) | (2.0) |
4. SGA | 33,298 | 34,590 | (1,292) | (3.7) |
5. Operating income | 5,584 | 5,085 | 499 | 9.8 |
6. Operating margin | 3.4 % | 3.1 % | Change 0.3 % | |
7. Ordinary income | 5,468 | 5,027 | 441 | 8.8 |
8. Ordinary income margin | 3.3 % | 3.0 % | Change 0.3 % | |
9. Net income | 3,555 | 2,729 | 826 | 30.3 |
10. Net income margin | 2.2 % | 1.6 % | Change 0.6 % |
Note: As the inventory valuation method has been changed to the specific identification method from the period under review, the previous year's figures were amended accordingly.
4. Daimaru Matsuzakaya Department Stores Sales by Store
Note: The south wing of Matsuzakaya Ueno store closed on March 11, 2014 for rebuilding.
(Unit: Millions of yen, %)
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