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J.FRONT RETAILING, Net Income Forecast for the Fiscal Year Revised Downward by 13%

Tue Oct 14, 2025 3:30 pm JST Earnings

3086 J.FRONT RETAILING Co.,Ltd. 【IFRS】

Earnings Report

J.FRONT RETAILING Co.,Ltd. <3086> [TSE Prime] announced its financial results (based on IFRS) after the market closed on October 14th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending February 2026 (March to August) dropped 36.9% from the same period last year to 18.3 billion yen.

In addition, the full-year forecast for consolidated net income has decreased 13.3%, from the previous forecast of 30.0 billion yen to 26.0 billion yen (compared to 41.4 billion yen in the previous period), leading to an increase in the profit decline rate from 27.6% to 37.2%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the September to February period (second half) is expected to drop 38.0% from the same period last year to 7.64 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated net income significantly dropped to 7.87 billion yen, a 55.7% decrease compared to the same period last year. The operating profit margin significantly dropped from 21.5% in the same period last year to 12.8%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Mar - Aug, 2023 191,634 19,684 18,804 12,900 49.2 45.5 Oct 10, 2023 IFRS
Mar - Aug, 2024 209,368 39,364 38,263 29,094 111.9 68.6 Oct 8, 2024 IFRS
Mar - Aug, 2025 219,925 29,975 27,874 18,354 72.8 70.6 Oct 14, 2025 IFRS
YoY +5.0% -23.9% -27.2% -36.9% -34.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2025 Guidance 224,400 30,000 28,000 18,500 74.5 27 Apr 14, 2025 IFRS
Mar - Aug, 2025 Results 219,925 29,975 27,874 18,354 72.8 27 Oct 14, 2025 IFRS
Revision Rate -2.0% -0.1% -0.4% -0.8% -2.2%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2026 Prev 459,000 50,000 45,500 30,000 120.7 54 Apr 14, 2025 IFRS
Feb, 2026 New 452,000 44,000 39,500 26,000 104.6 54 Oct 14, 2025 IFRS
Revision Rate -1.5% -12.0% -13.2% -13.3% -13.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2024 232,509 18,835 17,522 12,330 47.7 30 Apr 14, 2025 IFRS
Sep - Feb, 2025 Guidance 232,075 14,025 11,626 7,646 30.8 27 Oct 14, 2025 IFRS
YoY -0.2% -25.5% -33.6% -38.0% -35.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2024 407,006 43,048 41,343 29,913 114.1 36 Apr 15, 2024 IFRS
Feb, 2025 441,877 58,199 55,785 41,424 160.4 52 Apr 14, 2025 IFRS
Feb, 2026 Guidance 452,000 44,000 39,500 26,000 104.6 54 Oct 14, 2025 IFRS
YoY +2.3% -24.4% -29.2% -37.2% -34.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2024 107,899 23,228 22,632 17,778 68.4 21.5 Oct 8, 2024 IFRS
Sep - Nov, 2024 106,614 11,778 11,114 7,947 30.7 11.0 Dec 25, 2024 IFRS
Dec - Feb, 2024 125,895 7,057 6,408 4,383 17.0 5.6 Apr 14, 2025 IFRS
Mar - May, 2025 110,802 15,990 15,097 10,483 41.3 14.4 Jun 30, 2025 IFRS
Jun - Aug, 2025 109,123 13,985 12,777 7,871 31.2 12.8 Oct 14, 2025 IFRS
YoY +1.1% -39.8% -43.5% -55.7% -54.3%

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