J.FRONT RETAILING Co.,Ltd.

3086 J.フロントリテイリング株式会社

Department Stores · Prime · TSE: Disclosed

PRICE: ¥2,394 · MKT CAP: ¥599.2B · P/E: 21.2x · P/B: 1.85x · DIV YIELD: 2.3%

PRICE — 5Y

Characteristics & Business Summary

J. Front Retailing Co., Ltd., together with its subsidiaries, operates department stores. The company operates through Department Store Business, Shopping Center (SC) Business, Developer Business, and Payment and Finance Business segments. The Department...

Income Statement Highlights (¥ Billion, except EPS/DPS in ¥)

Fiscal Period	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Net Sales	319	331	360	407	442	445
Operating Profit	-24	9	19	43	58	49
Ordinary Profit	—	—	—	—	—	—
Net Profit	-26	4	14	30	41	28
EPS	¥-99	¥16	¥54	¥113	¥160	¥113
DPS	¥27	¥29	¥31	¥36	¥52	¥54

Balance Sheet & Valuation Highlights

Total Assets ¥1,142B

Net Assets (Equity) ¥428B

Equity Ratio 37.5%

ROE (Return on Equity) 6.8%

Cash & Equivalents ¥36B

Interest-Bearing Debt ¥177B

Capital Expenditure (CapEx) ¥14B

Depreciation & Amort. ¥44B

Major Shareholders

1. The Master Trust Bank of Japan, Ltd. (Trust Account) 15.5%
2. Custody Bank of Japan, Ltd. (Trust Account) 7.7%
3. Nippon Life Insurance Company 3.9%
4. JPMorgan Securities Japan Co., Ltd. 2.5%
5. Ｊ.フロントリテイリング共栄持株会 2.4%
6. Mizuho Securities Co., Ltd. 2.1%
7. JPMorgan Chase Bank, N.A. 1.5%
8. ＪＰＪＰＭＳＥＬＵＸＲＥＭＡＣＱＵＡＲＩＥＢＡＮＫＬＴＤＬＯＮＤＯＮＥＱＣＯ（常任代理人株式会社三菱ＵＦＪ銀行） 1.5%
9. Custody Bank of Japan, Ltd. (Trust Account) 1.4%
10. JPMorgan Chase Bank, N.A. 1.4%

Activist Activity

Nomura Securities Co., Ltd., Nomura International PLC, Nomura Asset Management Co., Ltd. 6.62%

2026-06-04 · increase

Nomura Securities Co.,Ltd. 7.15%

2026-05-11 · change

Nomura Securities Co.,Ltd. 6.97%

2026-04-21 · change

Daiwa Asset Management Co.Ltd. 3.23%

2026-04-06 · change

Nomura Securities Co.,Ltd. 7.47%

2026-04-06 · change

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenues per share	¥1,209	¥1,254	¥1,361	¥1,540	¥1,711	¥1,779
FCF/Share	¥158	¥167	¥215	¥317	¥276	¥211
EPS	¥-99	¥16	¥54	¥113	¥160	¥113
DPS	¥27	¥29	¥31	¥36	¥52	¥54
Capital Spending per share	¥56	¥22	¥33	¥27	¥56	¥57
Book Value per share	¥1,334	¥1,326	¥1,360	¥1,445	¥1,586	¥1,661
Common Shares Outstanding	264M	264M	264M	264M	258M	250M

Financial Aggregates & Margins

Financial Aggregate	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenues (Net Sales)	¥319B	¥331B	¥360B	¥407B	¥442B	¥445B
Operating Margin (%)	-7.6%	2.8%	5.3%	10.6%	13.2%	11.0%
Net Profit (owners)	¥-26B	¥4B	¥14B	¥30B	¥41B	¥28B
Net Profit Margin (%)	-8.2%	1.3%	4.0%	7.3%	9.4%	6.4%
Working Capital	¥-626B	¥-596B	¥-548B	¥-474B	¥-500B	¥-486B
Total Debt (Interest-bearing)	¥360B	¥318B	¥249B	¥214B	¥190B	¥177B
Net Worth (Common Equity)	¥352B	¥350B	¥359B	¥382B	¥410B	¥416B
Return on Total Assets (ROA)	-2.1%	0.4%	1.3%	2.7%	3.6%	2.5%
Return on Common Equity (ROE)	-7.4%	1.2%	4.0%	7.8%	10.1%	6.8%

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.