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J.FRONT RETAILING, 3% Increase in Net Income for The Current Fiscal Year, Dividend Raised by 2 Yen
3086 J.FRONT RETAILING Co.,Ltd. 【IFRS】
Earnings ReportJ.FRONT RETAILING Co.,Ltd. <3086> [TSE Prime] announced its financial results (based on IFRS) after the market closed on April 14th (15:30). The consolidated net income for the fiscal year ended February 2026 dropped by 31.7% from the previous period to 28.2 billion yen. For the fiscal year ending February 2027, the consolidated net income is expected to recover in a V-shape, increasing by 2.5% to 29.0 billion yen. This will be the sixth consecutive term of revenue growth.
At the same time, the company has decided to increase the dividend this fiscal year to 56 yen, an increase of 2 yen from the previous fiscal year.
In the most recent three-month period, from December to February (4Q), the consolidated net income decreased to 3.59 billion yen, a 17.9% decrease compared to the same period last year. However, the operating profit margin improved from 5.6% in the same period last year to 7.1%.
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Actual Results
| 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 | 445,094 | 49,015 | 44,515 | 28,282 | 112.9 | 54 | Apr 14, 2026 | IFRS |
| YoY | +0.7% | -15.8% | -20.2% | -31.7% | -29.6% |
Full Year Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Feb, 2026 Guidance | 452,000 | 44,000 | 39,500 | 26,000 | 104.6 | 54 | Oct 14, 2025 | IFRS |
| Feb, 2026 Results | 445,094 | 49,015 | 44,515 | 28,282 | 112.9 | 54 | Apr 14, 2026 | IFRS |
| Revision Rate | -1.5% | +11.4% | +12.7% | +8.8% | +7.9% |
Current Period Guidance
H1 Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar - Aug, 2025 | 219,925 | 29,975 | 27,874 | 18,354 | 72.8 | 27 | Oct 14, 2025 | IFRS |
| Mar - Aug, 2026 Guidance | 220,000 | 22,000 | 20,000 | 14,000 | 56.3 | 28 | Apr 14, 2026 | IFRS |
| YoY | +0.0% | -26.6% | -28.2% | -23.7% | -22.7% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Feb, 2025 | 441,877 | 58,199 | 55,785 | 41,424 | 160.4 | 52 | Apr 14, 2025 | IFRS |
| Feb, 2026 | 445,094 | 49,015 | 44,515 | 28,282 | 112.9 | 54 | Apr 14, 2026 | IFRS |
| Feb, 2027 Guidance | 469,000 | 47,000 | 42,000 | 29,000 | 116.6 | 56 | Apr 14, 2026 | IFRS |
| YoY | +5.4% | -4.1% | -5.6% | +2.5% | +3.3% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| 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 |
| Sep - Nov, 2025 | 108,202 | 10,717 | 9,566 | 6,330 | 25.2 | 9.9 | Dec 26, 2025 | IFRS |
| Dec - Feb, 2025 | 116,967 | 8,323 | 7,075 | 3,598 | 14.4 | 7.1 | Apr 14, 2026 | IFRS |
| YoY | -7.1% | +17.9% | +10.4% | -17.9% | -15.3% |
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