J. FRONT RETAILING shares fall again as operating profit forecast for the fiscal year ending February 2027 is cut, department stores perform well

Shares fell temporarily after J. FRONT RETAILING announced that it had revised down its consolidated operating profit forecast for the fiscal year ending February 2027 to ¥46.0 billion. The department-store business is also viewed as performing well.

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The story

J. FRONT RETAILING forecast consolidated operating profit for the fiscal year ending February 2027 at ¥46.0 billion, down 6% from the previous fiscal year. This was a downward revision from the previous forecast of ¥47.0 billion.

The company cited costs arising from the closure of the Daimaru Shimonoseki store as a factor, and the share price fell temporarily by ¥204 to ¥2,563. Some in the stock market also expected the strong department-store business to support earnings.

At a glance

Share priceFell as much as ¥204 to ¥2,563

TimingOutlook for the fiscal year ending February 2027 announced on the 13th

ScaleConsolidated operating profit of ¥46.0 billion, down 6% year on year

NatureShare-price reaction following the release of the downward revision

CauseCosts incurred in connection with the closure of the Daimaru Shimonoseki store

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The NikkeiNews

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