J Front Retailing : Consolidated Revenue Report August 2022

September 15, 2022

J. Front Retailing Consolidated Revenue Report August 2022 (IFRS)

1. Revenue (Sales) by Segment (% change year on year)

		.		(Reference) Gross sales
	August	H1 Total		August	H1 Total
Department Store Business	19.7	17.6		27.4	[ 29.6 ]	23.3	[24.8 ]
SC Business	17.1	(0.9)		23.4		14.9
Developer Business	(35.3)	(10.2)		(35.3)		(10.2)
Payment and Finance Business	17.1	27.5		17.1		27.5
Other	(8.4)	(11.6)		(12.5)		(12.5)
Total Consolidated	2.1	7.5		17.2		16.8

Notes: 1. J. Front Retailing (the "Company") has voluntarily applied the International Financial Reporting Standards (IFRS) since March 2017.

1. Gross sales are calculated by converting sales from purchase recorded at the time of sale (shoka shiire ) of the Department Store Business
   which are recognized as revenue under IFRS, into gross amount and converting the net amount of sales of the "SC Business (Parco SC)" into tenant transaction volume (gross amount basis).
2. Each figure of the reportable segment above is calculated based on simple sum of entities included in each segment.

Therefore, intercompany transactions within each segment are not eliminated.

1. The Matsuzakaya Toyota store closed on September 30, 2021.Figures in parentheses in the Department Store Business are actual percentage changes after excluding the Matsuzakaya Toyota store.
2. All of the shares of Neuve A Co., Ltd. were transferred on June 30, 2021.
3. Daimaru Matsuzakaya Sales Associates Co. Ltd. was merged into Daimaru Matsuzakaya Department Stores Co. Ltd. on September 1, 2021.
4. 90% of the shares of Dimples' Co., Ltd. were transferred on February 28, 2022 and it is excluded from the scope of consolidation.

2. Sales of Department Store Business (Japanese GAAP)

1. Sales and Customer Traffic of Each Store (% change year on year)

		August		H1 Total
	Sales	Customer traffic	Sales		Customer traffic
Daimaru Shinsaibashi	51.9	42.0	41.6		42.6
Daimaru Umeda	20.9	35.9	23.3		31.8
Daimaru Tokyo	45.9	77.7	41.6		60.1
Daimaru Kyoto	22.2	24.3	18.7		24.0
Daimaru Kobe	26.2	25.2	33.4		25.5
Daimaru Suma	(4.9)	9.5	(5.9)		10.7
Daimaru Ashiya	(1.6)	3.3	2.0		7.8
Daimaru Sapporo	36.4	42.6	31.0		33.8
Daimaru Shimonoseki	6.4	2.3	(2.0)		(1.3)
Matsuzakaya Nagoya	25.8	13.4	15.0		10.6
Matsuzakaya Ueno	32.9	40.4	20.4		33.2
Matsuzakaya Shizuoka	24.9	39.1	10.8		25.3
Matsuzakaya Takatsuki	0.9	15.6	11.8		32.3
Total stores	27.2	31.2	23.2		27.8
Total comparable stores	29.7	33.9	25.0		30.1
Corporations, head office, etc.	34.7	-	38.9		-
Total Daimaru Matsuzakaya	27.6	31.2	24.0		27.8
Of which: net sales of goods*3	28.6	-	24.3		-
Of which: real estate lease revenue*3	7.1	-	16.3		-
Total comparable stores	30.1	33.9	25.7		30.1
Hakata Daimaru	27.4	43.2	18.5		29.5
Kochi Daimaru	11.3	27.9	2.7		14.5
Total	27.4	31.8	23.3		27.7
Department Store Business
Total comparable stores	29.6	34.4	24.8		29.9

Note: 1.The Matsuzakaya Toyota store closed on September 30, 2021.

2. Total comparable stores does not include the values of the Matsuzakaya Toyota store.

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b) Daimaru Matsuzakaya Department Stores Sales by Merchandise Category (% change year on year)

		Total all stores
	August		H1 Total
Men's clothing	14.6		21.7
Women's clothing	43.5		39.1
Children's clothing	11.8		6.0
Other clothing	25.7		20.9
Total clothing	39.0		35.3
Accessories	29.5		29.9
Cosmetics	16.4		15.7
Fine arts / jewelry / precious metals	37.3		27.7
Other general goods	11.9		14.1
Total general goods	27.0		21.7
Furniture	19.5		12.7
Electric appliances	6.8		4.2
Other household goods	(5.4)		(2.4)
Total household goods	0.7		1.1
Perishable foods	(3.2)		(5.9)
Confectionary	27.1		19.1
Delicatessen	7.5		9.8
Other foods	12.0		2.3
Total foods	12.8		8.2
Restaurants & cafés	60.0		56.8
Services	27.7		35.5
Other	29.6		17.4
Total	28.6		24.3

3. Tenant Transaction Volume of PARCO Stores

*"Tenant transaction volume" is the total value of the tenant transaction volume (sales) of PARCO stores. Previous year values are also calculated using the same standards.

a) Tenant Transaction Volume by Store (% change year on year)

		August	H1 Total
	Sapporo PARCO	27.8	15.4
	Sendai PARCO	29.0	21.1
	Shintokorozawa PARCO	(5.0)	(6.2)
	Urawa PARCO	14.2	8.5
	Ikebukuro PARCO	32.0	34.7
	PARCO_ya Ueno	37.8	40.9
	Hibarigaoka PARCO	19.3	15.8
	Kichijoji PARCO	30.9	22.1
	Shibuya PARCO	24.8	38.4
	Kinshicho PARCO	33.6	30.8
	Chofu PARCO	25.5	20.2
	Tsudanuma PARCO	4.3	(3.7)
	Matsumoto PARCO	27.3	(1.1)
	Shizuoka PARCO	20.6	3.9
	Nagoya PARCO	11.5	15.5
	Shinsaibashi PARCO	32.5	30.9
	Hiroshima PARCO	20.2	15.0
	Fukuoka PARCO	35.3	12.4
	Total all stores	22.5	17.8
b) Sales by Merchandise Category (% change year on year)
		Total all stores
		August	H1 Total
	Clothing	22.7	16.6
	Accessories	18.4	16.9
	General goods	20.5	15.6
	Foods	8.4	5.7
	Restaurants & cafés	56.4	43.8
	Other	18.4	17.1
	Total	22.5	17.8

Contact: J. Front Retailing Co., Ltd.	TEL [phone]
Investor Relations Promotion Division:

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