J. Front Retailing's October sales boosted by tourism and renovations

J. Front Retailing reported a 4.1% increase in consolidated revenue for October 2025 compared to the previous year, reaching 6.3% for the cumulative period. The department store segment saw a 10.2% rise in revenue, boosted by strong inbound tourism, sustained growth in wholesale trade, and increased demand for autumn/winter clothing due to cooler temperatures. Daikaru Matsuzakaya Department Store’s duty-free sales climbed 18.9%, with total department store business revenue increasing by 8.2%.

The SC (shopping center) business achieved an 8.0% revenue increase for October and 5.6% for the cumulative period, with all stores exceeding prior-year performance. Notably, Shibuya PARCO saw a 27.6% surge, Nagoya PARCO 13.0%, and Sendai PARCO 12.9%, driven by renovations and new character shops. PARCO_ya Ueno's revenue grew 25.2%, significantly influenced by inbound tourist spending.

Conversely, the developer business experienced a 24.2% decrease in revenue for October and 15.7% for the cumulative period, primarily due to lower sales at PARCO Space Systems and a decline in construction projects at J. Front Kenso. The payment and finance business, JFR Card, saw an increase in revenue, despite higher point expenses, attributed to increased merchant fees from new card issuances.