J. Front Retailing to close Shizuoka PARCO store in 2027

J. Front Retailing Co., Ltd. announced today that its consolidated subsidiary, PARCO Co., Ltd., will close the Shizuoka PARCO store on January 31, 2027. The store, which opened in March 2007, has been in operation for over 18 years.

The decision to close comes after a careful review of future commercial environment changes from a medium- to long-term perspective and the expiration of the building lease contract. Despite efforts to strengthen sales and operational efficiency, the commercial landscape has evolved with continuous openings and renewals of competing stores.

The Shizuoka PARCO store currently has approximately 31,000 m² of sales floor space and reported a tenant transaction volume of 8,193 million yen for the fiscal year ended February 28, 2025.

J. Front Retailing anticipates recording a loss of approximately 1 bn yen as other operating expenses in its consolidated financial results for the first nine months of the fiscal year ending February 28, 2026, due to this closure. The company noted that the impact of this closure has already been incorporated into its consolidated earnings forecasts for the fiscal year ending February 28, 2026, and therefore, no changes to those forecasts are expected.