Frequently Asked Questions

Last updated on January 10, 2018

●Company Information
●Management
●Financial Results and Other Financial Information
●Shares

Company Information

Q.When was J. Front Retailing established?

A.In September 2007, The Daimaru, Inc. and Matsuzakaya Holdings Co., Ltd. managed integration and established J. Front Retailing Co., Ltd.
The Daimaru, Inc. was founded in 1717. Shimomura Hikoemon opened a kimono fabric store Daimonjiya in Fushimi, Kyoto. In 1920, Kabushiki Kaisha Daimaru Gofukuten was established. In 1928, the company name was changed to Kabushiki Kaisha Daimaru (The Daimaru, Inc.).
Matsuzakaya Co., Ltd. was founded in 1611. In 1910, Kabushiki Kaisha Ito Gofukuten was established, and in 1925, the company name was changed to Kabushiki Kaisha Matsuzakaya (Matsuzakaya Co., Ltd.)
Please see”History of Daimaru” and ”History of Matsuzakaya”on this site for details.

Q.When was J. Front Retailing listed?

A.On September 3, 2007, J. Front Retailing was listed on the first sections of Tokyo, Osaka and Nagoya stock exchanges.

Q.What is the origin of the company name J. Front Retailing?

A.“J” of “J. Front Retailing” stands for Japan. When Daimaru and Matsuzakaya Holdings integrated management with the aim of becoming a leading Japanese retail company both in terms of quality and quantity with the Department Store Business at its core, we named the Company with our strong determination and wish to “lead retailing in Japan from the front.” The names of Daimaru and Matsuzakaya, which are associated with department stores, were not used intentionally. J. Front Retailing mainly operates department stores but aims to grow and develop as a Multi Service Retailer that operates multiple businesses.

Q.What is the corporate philosophy of J. Front Retailing?

A.The philosophy system of J. Front Retailing Group consists of “Basic Mission Statement,” “Group Vision,” “JFR Way” and “commitments to stakeholders.”
Please see ”Group Mission Statement” on this site for details.

Q.Please outline your business.

A.J. Front Retailing is a retail group that mainly operates department store business. The Group operates 18 department stores* in Sapporo, Tokyo, Shizuoka, Nagoya, Kyoto, Osaka, Kobe, Hakata and other major cities in Japan and their sales account for approximately 66% of the Group’s total sales. In addition to the Department Store Business, the Group operates the Parco Business, the Real Estate Business, the Credit and Finance Business, the design and construction business, the staffing business, the wholesale business and others.
Please refer to ”Line of Business” on this site for details.

*The figure includes Tottori Daimaru (unconsolidated).
Management

Q.What is your management policy?

A.Under a holding company structure, J. Front Retailing Group will make its existing businesses including department store business and Parco business more competitive and profitable by optimizing and making an effective use of management resources including the store networks and customer bases of Daimaru, Matsuzakaya and Parco as well as responding appropriately to changing times and through maximum customer satisfaction and thoroughly efficient management. In addition, with the aim of realizing the new Group Vision “Create and Bring to Life ‘New Happiness,’” we will restructure our business portfolio by allocating resources to areas with greater potential so that it consists of highly competitive and profitable businesses in a balanced manner.

Q.What are your target performance indicators?

A.Through initiatives to realize the new Group Vision, we aim to achieve an operating profit of ¥56 billion, an operating margin of 10% and an ROE of 8% in fiscal year 2021, which is the final year of the Medium-term Business Plan.
We consider ROE, operating profit, free cash flow (FCF) and equity ratio attributable to owners of parent (equity ratio) as important financial indicators in terms of capital efficiency, business profitability, profitability/safety, and financial soundness, respectively.
Please see ”Major Performance Indicators” on this site for changes in major performance indicators.

Q.What is the “new department store model”?

A.The new department store model is a department store renewal program to create attractive and profitable stores that entice customers to visit. Specifically, we are working on (1) expanding target customer base, (2) widening the product range, and in particular, the price range, (3) developing specialty zones, and (4) increasing management efficiency, as well as maintaining and strengthening the middle to high-end product offerings in which department stores have traditionally been strong, while clarifying and thoroughly implementing store strategy in each store, in a bid to adapt to major market changes including the consumer shift to more casual lifestyles and more frugal and price-sensitive behavior.
Please see ”Management Reforms of Department Stores” on this site for details.

Q.What is your corporate governance system?

A.J. Front Retailing believes that the sustainable growth of the Group and the medium- to long-term enhancement of corporate value are the realization of the Group Vision. Therefore, the Group’s corporate governance should contribute to realizing the Group Vision.
With the aim of realizing the Group Vision, the Company as a pure holding company will take the lead in corporate governance of the Group by ensuring the transparency, soundness and legal compliance of the management of the entire Group.
Please see ”Corporate Governance” on this site for details.

Financial Results and Other Financial Information

Q.Where can I see your latest financial results information?

A.Please see ”IR Library” on this site.

Q.When does your fiscal year end?

A.Our fiscal year ends on the last day of February.

Q.When do you announce your financial results?

A.Please see ”IR Calendar” on this site, where you can find the schedule.

Q.Can I see your financial results presentations?

A.Soon after each financial results presentation, video and slides of presentation by the management will be posted. (A banner will be placed on the front page.)

Q.Where can I see changes in your past performance?

A. Please see ”Financial Information” on this site.
Data can be downloaded in Excel format.

Q.Where can I see changes in your performance indicators including ROE, EPS and equity ratio?

A.Please see ”Major Performance Indicators” on this site.
Data can be downloaded in Excel format.

Q.I would like to know your monthly sales trends.

A.At the beginning of each month, department store sales flash for the preceding month is released, and in the middle of each month, the definite figures of our consolidated performance including other business segments are released.
Please see ”Monthly Report” on this site.

Q.What are your bond ratings?

A. Please see ”Bond Information” on this site for our bond ratings.

Shares

Q.What is J. Front Retailing’s stock code?

A.J. Front Retailing’s stock code is 3086.

Q.What is the minimum trading unit for your shares?

A.100 shares.

Q.When is your general shareholders meeting?

A.The annual general meeting of shareholders is held in May each year.
Please see ”IR Calendar” on this site for details.

Q.When is the record date for dividends?

A.J. Front Retailing pays year-end dividends on the last day of February each year and interim dividends on the last day of August. In addition, dividends are paid on the record dates determined by the board of directors.

Q.What is your policy on dividends and profit distribution?

A.The basic policy of J. Front Retailing is to maintain stable dividend payments and appropriately return profits to shareholders targeting a consolidated dividend payout ratio of not less than 30% in consideration of profit level, future capital investment and free cash flow trends while striving to maintain and improve a sound financial condition. J. Front Retailing will also consider purchasing treasury stock as appropriate in order to improve its capital efficiency and implement its capital policy flexibly.
With the aim of improving corporate value, J. Front Retailing will use its internal reserves for investments in store renovations and business expansion to strengthen sales capabilities and for increase in financial strength.
Please see ”Changes in Dividends” on this site for changes in dividends.

Q.What is the total number of shares issued?

A.Please see ”General Share Information” on this site.

Q.What is your shareholder composition?

A.Please see ”Shareholder Composition” on this site.

Q.What is your current share price?

A.Please refer to ”Share Price Information” on this site.

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