J.Front Retailing began its fiscal year to February 2027 with a decline in profit, reporting first-quarter revenue of 106.4 billion yen, down 3.9% year on year, operating profit of 14.1 billion yen, down 11.7%, and net profit of 9.7 billion yen, down 7.5%. The share price fell from a high of 3,342 yen on July 1 to close at 2,995 yen on July 30, a drop of about 10% in one month. The market appears to have been cautious, anticipating a peak in inbound tourism demand. In addition to its department store operations, the company's real estate business, which held 177.2 billion yen in investment properties at the end of the previous fiscal year, underpins earnings, and its operating profit margin of around 11% in the previous year far exceeds the retail sector median of 3.8%. For the full year, the company forecasts revenue of 469 billion yen, up 5.4%, but operating profit of 47 billion yen, down 4.1%, projecting higher revenue but lower profit.
J. FRONT RETAILING Co., Ltd.First-quarter operating profit down 11.7% and full-year profit forecast down 4.1%.