J. Front Retailing reports strong revenue growth in September

J. Front Retailing announced a consolidated revenue increase of 8.7% for September 2025 (IFRS basis), with the department store business growing by 10.7% and the SC business by 3.1%. The total consolidated revenue for the period saw a 5.8% increase. This growth in the department store sector was supported by a 7.7% rise in Daimaru Matsuzakaya Department Stores' total sales, attributed to a surge in inbound tourism, particularly in tax-free sales, which climbed by 11.5%.

The SC business experienced a 7.3% increase in total tenant transaction volume, with strong performances from Shibuya PARCO (+22.6%) and Nagoya PARCO (+14.3%), largely due to renovations and increased inbound tourism. However, the developer business recorded a decrease of 5.9%, mainly due to a decline in J. Front Kenso's revenue from hotel interior and department store renovation projects.

Across all businesses, robust performance in the department store and SC segments, particularly in luxury brands and character merchandise, offset declines in some areas like autumn clothing, which saw a 0.7% decrease due to warmer temperatures. The payment and finance business remained flat, while other businesses grew by 35.3% due to strong performance in electronic devices from Daimaru Kogyo.