Financials J.Front Retailing Co., Ltd.

Equities

Market Closed - Japan Exchange Other stock markets 01:30:00 2024-12-06 am EST			5-day change	1st Jan Change
1,888.00 ^JPY	+0.56%		+6.10%	+47.16%

Nov. 18	J. Front Retailing's Consolidated Sales Up 12% in October	MT
Nov. 15	J. Front Retailing Co., Ltd. Reports Consolidated Revenue Results for the October 2024	CI

Fiscal Period: February	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	480,621	319,079	331,484	359,679	407,006	426,416	436,467	445,717
Change	-	-33.61%	3.89%	8.51%	13.16%	4.77%	2.36%	2.12%
EBITDA ¹	91,239	26,096	59,009	68,166	89,540	101,321	98,980	101,440
Change	-	-71.4%	126.12%	15.52%	31.36%	13.16%	-2.31%	2.49%
EBIT ¹	40,286	-24,265	9,380	19,059	43,048	52,672	51,950	55,220
Change	-	-	-	103.19%	125.87%	22.36%	-1.37%	6.29%
Interest Paid ¹	-5,862	-5,580	-5,890	-5,218	-4,847	-4,900	-4,788	-4,675
Earnings before Tax (EBT) ¹	37,161	-28,672	6,190	16,873	41,343	49,972	48,433	51,750
Change	-	-	-	172.58%	145.02%	20.87%	-3.08%	6.85%
Net income ¹	21,251	-26,193	4,321	14,237	29,913	33,202	32,653	34,883
Change	-	-	-	229.48%	110.11%	11%	-1.65%	6.83%
Announcement Date	4/10/20	4/13/21	4/12/22	4/11/23	4/15/24	-	-	-

¹JPY in Million

Estimates

Fiscal Period: February	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	136,103	118,854	63,459	84,012	83,228	88,380	74,097	83,236	80,146	94,005	81,905	87,224	87,811	102,738	93,456	98,178	94,928	120,444	101,469	107,899	100,150	116,650
Change	-	-12.67%	-46.61%	32.39%	-0.93%	6.19%	-16.16%	12.33%	-3.71%	17.29%	-12.87%	6.49%	0.67%	17%	-9.03%	5.05%	-3.31%	26.88%	-15.75%	6.34%	-7.18%	16.48%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	11,867	3,244	-27,103	6,466	2,153	-5,782	-3,819	2,431	5,796	4,973	7,560	5,677	6,862	-1,041	10,169	9,515	10,993	12,371	16,136	23,228	10,433	5,812
Change	-	-72.66%	-	-	-66.7%	-	-33.95%	-	138.42%	-14.2%	52.02%	-24.91%	20.87%	-	-	-6.43%	15.53%	12.54%	30.43%	43.95%	-55.08%	-44.29%
Charge d'intérêts	-1,426	-	-1,461	-	-1,554	-	-1,501	-	-1,469	-	-1,369	-	-1,306	-	-1,197	-	-1,120	-	-1,069	-	-	-
Earnings before Tax (EBT) ¹	10,937	-	-28,492	-	1,167	-7,079	-4,413	1,542	4,950	4,111	6,856	5,367	6,203	-1,553	9,926	8,878	11,044	11,495	15,631	22,632	11,300	9,700
Change	-	-100%	-	-100%	-	-	-37.66%	-	221.01%	-16.95%	66.77%	-21.72%	15.58%	-	-	-10.56%	24.4%	4.08%	35.98%	44.79%	-50.07%	-14.16%
Net income ¹	6,630	-	-20,334	-	679	-10,561	-3,062	1,067	5,665	652	5,974	4,181	4,606	-525	6,397	6,503	8,704	8,309	11,316	17,778	7,900	2,200
Change	-	-100%	-	-100%	-	-	-71.01%	-	430.93%	-88.49%	816.26%	-30.01%	10.17%	-	-	1.66%	33.85%	-4.54%	36.19%	57.1%	-55.56%	-72.15%
Announcement Date	12/26/19	4/10/20	6/29/20	10/13/20	12/28/20	4/13/21	6/29/21	10/12/21	12/28/21	4/12/22	6/30/22	10/11/22	12/27/22	4/11/23	6/28/23	10/10/23	12/26/23	4/15/24	6/28/24	10/8/24	-	-

¹JPY in Million

Estimates

Fiscal Period: February	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2024 S1	2025 S1
Net sales ¹	147,471	171,608	157,333	174,151	169,129	191,634	209,368
Change	-	16.37%	-8.32%	10.69%	-2.88%	13.31%	9.25%
EBITDA	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-
EBIT ¹	-20,637	-3,628	-1,388	13,106	13,237	19,684	39,364
Change	-	-82.42%	-61.74%	-	1%	48.7%	99.98%
Charge d'intérêts ¹	-3,047	-	-3,006	-	-2,701	-2,358	-2,146
Earnings before Tax (EBT) ¹	-22,760	-5,912	-2,871	-	12,223	18,804	38,263
Change	-	-74.02%	-51.44%	-100%	-	53.84%	103.48%
Net income ¹	-16,311	-9,882	-1,995	-	10,155	12,900	29,094
Change	-	-39.42%	-79.81%	-100%	-	27.03%	125.53%
Announcement Date	10/13/20	4/13/21	10/12/21	4/12/22	10/11/22	10/10/23	10/8/24

¹JPY in Million

Estimates

Fiscal Period: February	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	223,643	231,005	224,436	374,074	293,056	265,280	264,630	264,680
Change	-	3.29%	-2.84%	66.67%	-21.66%	-9.48%	-0.25%	0.02%
Announcement Date	4/10/20	4/13/21	4/12/22	4/11/23	4/15/24	-	-	-

¹JPY in Million

Estimates

Fiscal Period: February	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	46,929	29,360	20,632	22,570	12,087	47,375	45,200	43,800
Change	-	-37.44%	-29.73%	9.39%	-46.45%	291.95%	-4.59%	-3.1%
Free Cash Flow (FCF) ¹	23,799	35,601	44,577	52,109	78,605	30,696	34,197	36,938
Change	-	49.59%	25.21%	16.9%	50.85%	-60.95%	11.4%	8.02%
Announcement Date	4/10/20	4/13/21	4/12/22	4/11/23	4/15/24	-	-	-

¹JPY in Million

Estimates

Fiscal Period: February	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	18.98%	8.18%	17.8%	18.95%	22%	23.76%	22.68%	22.76%
EBIT Margin (%)	8.38%	-7.6%	2.83%	5.3%	10.58%	12.35%	11.9%	12.39%
EBT Margin (%)	7.73%	-8.99%	1.87%	4.69%	10.16%	11.72%	11.1%	11.61%
Net margin (%)	4.42%	-8.21%	1.3%	3.96%	7.35%	7.79%	7.48%	7.83%
FCF margin (%)	4.95%	11.16%	13.45%	14.49%	19.31%	7.2%	7.83%	8.29%
FCF / Net Income (%)	111.99%	-135.92%	1,031.64%	366.01%	262.78%	92.45%	104.73%	105.89%
Profitability
ROA	3.2%	-2.09%	0.5%	1.46%	3.7%	3.84%	3.88%	4.11%
ROE	5.4%	-7.1%	1.2%	4%	8.1%	8.29%	8.47%	8.23%
Financial Health
Leverage (Debt/EBITDA)	2.45x	8.85x	3.8x	5.49x	3.27x	2.62x	2.67x	2.61x
Debt / Free cash flow	9.4x	6.49x	5.03x	7.18x	3.73x	8.64x	7.74x	7.17x
Capital Intensity
CAPEX / Current Assets (%)	9.76%	9.2%	6.22%	6.28%	2.97%	11.11%	10.36%	9.83%
CAPEX / EBITDA (%)	51.44%	112.51%	34.96%	33.11%	13.5%	46.76%	45.67%	43.18%
CAPEX / FCF (%)	197.19%	82.47%	46.28%	43.31%	15.38%	154.34%	132.18%	118.58%
Items per share
Cash flow per share ¹	275.8	92.3	206	241.7	291.3	324.5	304.1	327.5
Change	-	-66.54%	123.21%	17.32%	20.53%	11.38%	-6.27%	7.68%
Dividend per Share ¹	36	27	29	31	36	44.67	50.33	53.5
Change	-	-25%	7.41%	6.9%	16.13%	24.07%	12.69%	6.29%
Book Value Per Share ¹	1,479	1,345	1,337	1,370	1,454	1,560	1,625	1,708
Change	-	-9.07%	-0.57%	2.48%	6.08%	7.29%	4.18%	5.13%
EPS ¹	81.19	-100	16.5	54.32	114.1	134.9	126.6	135.4
Change	-	-223.2%	-116.5%	229.21%	109.98%	18.28%	-6.16%	6.96%
Nbr of stocks (in thousands)	261,771	261,850	261,866	262,084	262,269	256,274	256,274	256,274
Announcement Date	4/10/20	4/13/21	4/12/22	4/11/23	4/15/24	-	-	-