Komori
Results presentation3086J.FRONT RETAILING Co.,Ltd.Retail

Fiscal Year Ending February 2026: Third-Quarter Results <Reference Materials>

In September-November 2025, business profit increased by ¥900 million year on year on higher sales, while operating profit declined by ¥1 billion because of renovation costs at Daimaru Umeda and losses associated with the closure of Shizuoka PARCO. For the cumulative nine months from March to November, business profit, operating profit, and profit attributable to owners of the parent were below the year-earlier levels.

Worth reading
51Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
9
億円（3Q事業利益の前年同期比増減額）
Wording
Conditional
How definitive the wording is.

Contents of this document

Supplementary materials to the earnings report2026年2月期 第3四半期8 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales3,281 億円+3.8%売上収益、3Q累計
Operating profit406 億円-20.4%3Q累計
Net income246 億円-33.4%親会社の所有者に帰属する四半期利益、3Q累計
Selling, general and administrative expenses1,201 億円3Q累計
Results for the three months of the current quarter
Revenue
¥1,082 billions+1.5%
Operating profit
¥107 billions-9.0%
Quarterly profit attributable to owners of the parent
¥63 billions-20.4%
Business profit
¥133 billions+7.9%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
3Qは計画比でやや上振れ、デベロッパー事業の3Q累計事業利益も計画をやや上回って進捗
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • 正社員給与＋1.4億円
  • インバウンド施策（広告宣伝費）＋3.4億円
  • Fees+¥1.29 billion
  • Outsourcing and subcontracting expenses＋3.6億円
  • 万博関連費用を除く販管費増＋8.2億円
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
中国からの訪日客減少の影響は不透明との定性的な記載のみ。数値前提はNot disclosed
New initiatives
  • 松坂屋名古屋店南館の大規模リニューアル（2026年2月着手、2027年春オープン予定）
  • 松坂屋・PARCO・HAERAを核とした栄エリア全体での高質・高揚消費層へのアプローチ
Key KPIsA metric the company considers important as a management benchmark.
  • Duty-free sales (Daimaru Matsuzakaya Department Stores)267 億円3Q
    Year on year against the same period last year＋14.8%
  • 免税売上高（百貨店事業）¥284 billions
    Year on year against the same period last year＋12.0%
  • PARCO total tenant sales
    Year on year against the same period last year＋7.3%（3Q累計）
  • PARCO existing-store tenant sales
    Year on year against the same period last year＋8.3%（3Q累計）
Unit price and quantity metricsThese figures show sales broken down by price and volume.
  • Number of duty-free shoppers
    Year on year against the same period last year＋15.4%（3Q）
  • Average spend per duty-free shopper
    Year on year against the same period last year△0.5%（3Q）
Segment results
Department Store Business
Revenue
1,941 億円+3.8%3Q累計
Business profit
238 億円-11.4%3Q累計
Operating profit
228 億円-9.6%3Q累計
Shopping-center business
Revenue
501 億円+4.0%3Q累計
Business profit
127 億円+7.3%3Q累計
Operating profit
130 億円+16.5%3Q累計
Developer Business
Revenue
618 億円-4.9%3Q累計
Business profit
57 億円-9.5%3Q累計
Operating profit
56 億円-10.6%3Q累計
Payments and Financial Services
Revenue
100 億円+2.6%3Q累計
Business profit
6 億円-64.4%3Q累計
Operating profit
5 億円-62.9%3Q累計
Other
Revenue
438 億円+24.1%3Q累計
Business profit
5 億円+30.6%3Q累計
Operating profit
4 億円+7.6%3Q累計
Market Size / Share
国別売上高シェア：2025年度3Q累計の中国66.0%、2024年度65.6%
Contents of this document
ItemDetails
Document typeSupplementary materials to the earnings report
Fiscal Period Covered2026年2月期 第3四半期
Net Sales3,281 億円（売上収益、3Q累計） (YoY +3.8%)
Operating profit406 億円（3Q累計） (YoY -20.4%)
Net income246 億円（親会社の所有者に帰属する四半期利益、3Q累計） (YoY -33.4%)
Selling, general and administrative expenses1,201 億円（3Q累計）
Results for the three months of the current quarterRevenue ¥1,082 billions (YoY +1.5%) / Operating profit ¥107 billions (YoY -9.0%) / Quarterly profit attributable to owners of the parent ¥63 billions (YoY -20.4%) / Business profit ¥133 billions (YoY +7.9%)
Self-assessment against the plan3Qは計画比でやや上振れ、デベロッパー事業の3Q累計事業利益も計画をやや上回って進捗
Segment resultsDepartment Store Business Revenue 1,941 億円（3Q累計） (YoY +3.8%) / Business profit 238 億円（3Q累計） (YoY -11.4%) / Operating profit 228 億円（3Q累計） (YoY -9.6%) / Shopping-center business Revenue 501 億円（3Q累計） (YoY +4.0%) / Business profit 127 億円（3Q累計） (YoY +7.3%) / Operating profit 130 億円（3Q累計） (YoY +16.5%) / Developer Business Revenue 618 億円（3Q累計） (YoY -4.9%) / Business profit 57 億円（3Q累計） (YoY -9.5%) / Operating profit 56 億円（3Q累計） (YoY -10.6%) / Payments and Financial Services Revenue 100 億円（3Q累計） (YoY +2.6%) / Business profit 6 億円（3Q累計） (YoY -64.4%) / Operating profit 5 億円（3Q累計） (YoY -62.9%) / Other Revenue 438 億円（3Q累計） (YoY +24.1%) / Business profit 5 億円（3Q累計） (YoY +30.6%) / Operating profit 4 億円（3Q累計） (YoY +7.6%)
Breakdown of Factors Affecting the ChangeFactors 正社員給与 / Amount ＋1.4億円, Factors インバウンド施策（広告宣伝費） / Amount ＋3.4億円, Factors Fees / Amount +¥1.29 billion, Factors Outsourcing and subcontracting expenses / Amount ＋3.6億円, Factors 万博関連費用を除く販管費増 / Amount ＋8.2億円
Key KPIsIndicator name Duty-free sales (Daimaru Matsuzakaya Department Stores) / Value 267 億円（3Q） / Year on year against the same period last year ＋14.8%, Indicator name 免税売上高（百貨店事業） / Value ¥284 billions / Year on year against the same period last year ＋12.0%, Indicator name PARCO total tenant sales / Value Not disclosed / Year on year against the same period last year ＋7.3%（3Q累計）, Indicator name PARCO existing-store tenant sales / Value Not disclosed / Year on year against the same period last year ＋8.3%（3Q累計）
Unit price and quantity metricsIndicator name Number of duty-free shoppers / Value Not disclosed / Year on year against the same period last year ＋15.4%（3Q）, Indicator name Average spend per duty-free shopper / Value Not disclosed / Year on year against the same period last year △0.5%（3Q）
Assumptions Underlying the Business Outlook中国からの訪日客減少の影響は不透明との定性的な記載のみ。数値前提はNot disclosed
Market Size / Share国別売上高シェア：2025年度3Q累計の中国66.0%、2024年度65.6%
New initiatives松坂屋名古屋店南館の大規模リニューアル（2026年2月着手、2027年春オープン予定）, 松坂屋・PARCO・HAERAを核とした栄エリア全体での高質・高揚消費層へのアプローチ
Items this document does not state (16)
Ordinary incomeGross Profit MarginOperating profit marginFull-year earnings forecastProgress against full-year forecastNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

3Qは百貨店・SC事業の売上伸長、国内消費の堅調、免税売上高の増加、PARCOのテナント取扱高の好調などにより増収・事業利益増益となった。一方、営業利益は大丸梅田店の改装、静岡PARCOの営業終了決定に伴う損失計上などで減益となった。

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Fiscal Year Ending February 2026: Third-Quarter Results <Reference Materials> | J.FRONT RETAILING Co.,Ltd. (3086) timely disclosure | Komori