In J. Front Retailing's full-year results for the fiscal year ending February 2026 under IFRS, of total revenue of 445 billion yen, the department store business accounted for 267.7 billion yen, or 60.2% of the total, while by segment the department store business's operating profit margin came in at just 11.2%, and the SC business, with revenue of 66 billion yen and a 14.8% share, posted 20.7%, exceeding the department store business by 9.6 percentage points. By segment, operating profit was 29.8 billion yen for the department store business, 13.6 billion yen for the SC business, 7 billion yen for the developer business, 900 million yen for the settlement and financial services business, and 400 million yen for other, with the SC business accounting for 14.8% of revenue but more than a quarter, 26.3%, of profit. The SC business's operating profit margin climbed over five fiscal years from 4.0% in the fiscal year ending February 2022 to 8.1%, 16.4%, 20.3%, and 20.7%, and its gap over the department store business's minus 2.4%, 3.5%, 9.8%, 11.3%, and 11.2% has settled in the 9-point range over the last two fiscal years. The group's highest margin is the settlement and financial services business at 21.5%, but with revenue of 4.2 billion yen and operating profit of 900 million yen its scale is small and its share of profit is just 1.8%. The share price fell from 3,139 yen on August 27 to 2,607 yen on September 11, a decline of just over 10% from August 14 and just under 20% from August 27, and as of September 11 the PER stood at 22.24 times, the PBR at 1.55 times, and ROE for the fiscal year ending February 2026 at 6.9%, below the median of 7.5% for 259 retail companies.
J. FRONT RETAILING Co., Ltd.FY ending Feb 2026 results show SC business margin of 20.7% far outpacing department store business's 11.2%, with ROE of 6.9% below the 7.5% retail median.
