J.FRONT RETAILING Co.,Ltd.

Under a holding-company structure, the Group uses the Daimaru, Matsuzakaya and PARCO store networks, customer bases and other management resources to operate a broad range of businesses centered on retail, department stores and shopping centers, including property development, payments and finance, wholesale, outsourced administrative processing, parking and leasing. With department stores and shopping centers at its core, the Group is pursuing synergies across the Group, strengthening its management platform and increasing resource allocation to growth areas. Its principal segments are Department Store Business, Shopping Center Business, Developer Business, Payments and Finance Business, and Other. From fiscal 2024 onward, intersegment reviews and asset reallocations, including organizational restructuring, have been undertaken. The Group’s medium- to long-term goal is to evolve into a “value co-creation retailer group,” with initiatives focused on expanding the affluent and overseas customer markets, expanding the Group’s customer base, owning and developing proprietary content, strengthening its architectural, interior and facilities businesses, and advancing its IT and digital strategy. The Group has announced its Medium-Term Management Plan for fiscal 2024–2026. Although fiscal 2026 earnings are expected to fall short of the original medium-term plan targets, based on growth from fiscal 2023 through fiscal 2025, the Group will continue to develop and maximize area value, particularly in the Nagoya area; expand the Group’s customer base; own and develop proprietary content; and integrate the Group-wide IT, finance and human resources strategies. Sustainability-focused management initiatives will proceed in parallel.