History of J. Front Retailing

Last updated on June 1, 2017
2007
Sep. ・The Daimaru, Inc. and Matsuzakaya Holdings Co., Ltd. established a joint holding company J. Front Retailing Co., Ltd. and integrated management.
Nov. ・Daimaru Tokyo store relocated and opened with increased floor space in the first phase.
2008
Jan. ・Daimaru Credit Service, Inc. was renamed JFR Card Co., Ltd.
Sep. ・Daimaru Peacock Co., Ltd., Matsuzakaya Store Co., Ltd., Yokohama Matsuzakaya Store Co., Ltd. and Nozawa Shoji Co., Ltd. merged into Peacock Stores Ltd.
・Daimaru Design & Engineering Co., Ltd., Daimaru Mokko Co., Ltd., Matsuzakaya Seiko Co., Ltd. and Refex Japan, Inc. merged into J. Front Design & Construction Co., Ltd.
・Dimples' Co., Ltd. absorbed Daimaru Sales Associates Co., Ltd.
・Integrated the information systems of The Daimaru, Inc. and Matsuzakaya Holdings Co., Ltd.
2009
Mar. ・Restaurant Peacock Co., Ltd. absorbed Shoei Foods Co., Ltd. to form J. Front Foods Co., Ltd.
Sep. ・Matsuzaka Service Co., Ltd. was renamed JFR Service Co., Ltd.
Nov. ・The north wing of Daimaru Shinsaibashi store opened.
Dec. ・JFR Service Co., Ltd. absorbed Daimaru Lease & Service Co., Ltd.
2010
Mar. ・The Daimaru, Inc. and Matsuzakaya Co., Ltd. merged into Daimaru Matsuzakaya Department Stores Co. Ltd.
Sep. ・The Daimaru Tomonokai, Inc. absorbed Matsuzakaya Tomonokai Co., Ltd. to form Daimaru Matsuzakaya Tomonokai Co., Ltd.
2011
Mar. ・The Daimaru Home Shopping, Inc. took over part of the direct marketing business split off from Daimaru Matsuzakaya Department Stores Co. Ltd. and was renamed JFR Online Co. Ltd.
・”Keicho Kosode” from the Matsuzakaya Collection was designated as a national important cultural property.
・Acquired a 48.5% (49% as of the end of April 2011) stake in StylingLife Holdings Inc. and made it an equity method affiliate.
Apr. ・Daimaru Umeda store had its grand opening with increased floor space.
2012
Feb. ・Decided to jointly launch Plaza business with StylingLife Holdings Inc. in the Asian region.
Mar. ・Acquired a 33.2% stake in Parco Co., Ltd. and made it an equity method affiliate.
May. ・Reached a basic agreement with Shanghai Xin Nan Dong Project Management Co., Ltd. and Shanghai New World Co., Ltd. to provide technical support and cooperation in opening and operating a new department store in Huangpu District, China.
Aug. ・Increased the stake of J. Front Retailing Co., Ltd. in Parco Co., Ltd. to 65% through a tender offer and made it a consolidated subsidiary.
2013
Apr. ・Transferred all shares in Peacock Store Ltd. to Aeon Co.,Ltd.
Jun. ・Matsuzakaya Ginza store closed for redevelopment of the Ginza area.
Dec. ・Acquired a 70,52% stake in Foresc Co .,Ltd. and made it a consolidated subsidiary.
2014
Mar. ・The south wing of Matsuzakaya Ueno store closed for rebuilding.
Apr. ・Announced the FY 2014 to 2016 Medium-term Business Plan.
Oct. ・Became affiliated with Rakuten “R-Point Card” service.
2015
May. ・Acquired a 22.6% stake in Senshukai Co., Ltd. and converted it into an equity method associate.
・“Shanghai New World Daimaru Department Store” made its grand opening.
2016
Sep. ・Daimaru Matsuzakaya Department Stores Co. Ltd. absorbed Daimaru COM Development Inc.
2017
Mar. ・Voluntarily applied the International Financial Reporting Standards (IFRS).
・Transferred the business of JFR Online Co. Ltd.
Apr. ・Announced the Group Medium-term Business Plan for FY 2017 to 2021.
・“Ginza Six” made its grand opening.
May. ・Transitioned to a Company with Three Committees (Nomination, Audit and Remuneration).

Click below to see the histories of Daimaru and Matsuzakaya.
History of Daimaru History of Matsuzakaya