J Front Retailing : Consolidated Financial Results for the First Three Months of the Fiscal Year ending February 28, 2018 (378.5 KB)

Translation

June 28, 2017

Consolidated Financial Results for the First Three Months of the Fiscal Year Ending February 28, 2018 (under IFRS)

Company name: J. FRONT RETAILING Co., Ltd.

Listing: First Section of the Tokyo Stock Exchange and Nagoya Stock Exchange Securities code: 3086

URL: http://www.j-front-retailing.com/ Representative: Ryoichi Yamamoto, President

Inquiries: Takayuki Makita, Executive Officer, Senior General Manager of Corporate Governance Promotion Division, Management Strategy Unit

TEL: [phone] (from overseas)

Scheduled date to file Quarterly Securities Report: July 14, 2017

Scheduled date to commence dividend payments: - Preparation of supplementary material on quarterly financial results: Yes Holding of quarterly financial results presentation meeting: None

(Millions of yen with fractional amounts discarded, unless otherwise noted)

1. Consolidated performance for the first three months of the fiscal year ending February 28, 2018 (from March 1, 2017 to May 31, 2017)
2. Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)

   Sales revenue		Operating profit		Profit before tax		Profit
   Three months ended	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
   May 31, 2017	114,084	4.0	12,992	36.8	13,668	42.3	9,661	21.5
   May 31, 2016	109,678	-	9,500	-	9,606	-	7,954	-

   Profit attributable to owners of parent		Total comprehensive income		Basic earnings per share	Diluted earnings per share
   Three months ended	Millions of yen	%	Millions of yen	%	Yen	Yen
   May 31, 2017	8,720	23.1	10,058	25.4	33.34	-
   May 31, 2016	7,081	-	8,022	-	27.08	27.08

3. Consolidated financial position

4. Total assets	Total equity	Equity attributable to owners of parent	Ratio of equity attributable to owners of parent to total assets	Equity attributable to owners of parent per share
   As of	Millions of yen	Millions of yen 427,304 421,444	Millions of yen 374,041 368,571	%	Yen
   May 31, 2017	1,013,534			36.9	1,430.13
   February 28, 2017	1,005,069			36.7	1,409.20

5. Cash dividends

   Annual dividends
   First quarter-end	Second quarter-end	Third quarter-end	Fiscal year-end	Total
   Fiscal year ended February 28, 2017 Fiscal year ending February 28, 2018	Yen - -	Yen 14.00	Yen -	Yen 14.00	Yen 28.00
   Fiscal year ending February 28, 2018 (Forecast)	16.00	-	16.00	32.00

   Note: Revisions to the forecast of cash dividends most recently announced: None

   Dividends for the fiscal year ending February 28, 2018 Ordinary dividends: ¥30.00

   Commemorative dividends: ¥2.00

6. Consolidated earnings forecasts for the fiscal year ending February 28, 2018 (from March 1, 2017 to February 28, 2018)

7. (Percentages indicate year-on-year changes.)

   Sales revenue		Operating profit		Profit before tax		Profit attributable to owners of parent		Basic earnings per share
   First six months ending August 31, 2017	Millions of	%	Millions of	%	Millions of	%	Millions of	%	Yen
   	yen		yen		yen		yen
   	227,000	2.6	21,000	(2.3)	21,350	(0.1)	12,800	(7.6)	48.94
   Fiscal year ending February 28, 2018	469,000	3.6	44,500	6.6	44,700	4.9	26,500	(2.0)	101.32

   Note: Revisions to the consolidated earnings forecasts most recently announced: None

   Because the figures given for year-on-year changes for the fiscal year and the first six months in the consolidated earnings forecasts for the fiscal year ending February 28, 2018 in the Consolidated Financial Results for the Fiscal Year Ended February 28, 2017 were approximate values, the year-on-year changes have changed.

   * Notes

8. Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None

9. Changes in accounting policies, changes in accounting estimates

10. Changes in accounting policies required by IFRS: None

11. Changes in accounting policies due to other reasons: None

12. Changes in accounting estimates: None

13. Number of issued shares (common shares)

14. Total number of issued shares at the end of the period (including treasury shares)

    As of May 31, 2017	268,119,164 shares
    As of February 28, 2017	268,119,164 shares

15. Number of shares of treasury shares at the end of the period

    As of May 31, 2017	6,575,203 shares
    As of February 28, 2017	6,573,594 shares

16. Average number of shares during the period (cumulative from the beginning of the fiscal year)

17. For the three months ended May 31, 2017	261,544,769 shares
    For the three months ended May 31, 2016	261,545,651 shares

    • Quarterly financial results reports are not required to be reviewed.
    • Proper use of earnings forecasts, and other special matters

    (Caution regarding forward-looking statements)

    The forward-looking statements, including earnings forecasts, contained in these materials are based on information currently available to the Company and on certain assumptions deemed to be reasonable. These statements do not purport that the Company pledges to realize such statements. Actual business and other results may differ substantially due to various factors. Please refer to "1. Qualitative information regarding results for the first three months (1) Explanation of operating results" on page 2 of the material attached to this quarterly financial results report for the suppositions that form the assumptions for earnings forecasts and cautions concerning the use thereof.

    (Adoption of International Financial Reporting Standards (IFRS))

    The Group has adopted IFRS from the first three months of the fiscal year ending February 28, 2018. Financial figures for the three months ended May 31, 2016 and the fiscal year ended February 28, 2017 are also presented in accordance with IFRS. Please refer to "2. Condensed consolidated financial statements and significant notes thereto

    (6) Notes to condensed consolidated financial statements (First-time adoption)" on page 25 for the difference between the financial figures under IFRS and Japanese GAAP.

    (How to obtain supplementary material on quarterly financial results)

    Supplementary material on quarterly financial results was disclosed on the same day on TDnet.

    [Attached Material]

    Index

18. Qualitative information regarding results for the first three months 2

19. Explanation of operating results 2

20. Explanation of financial position 4

21. Explanation of consolidated earnings forecasts and other forward-looking statements 4

22. Condensed consolidated financial statements and significant notes thereto 5

23. Condensed consolidated statement of financial position 5

24. Condensed consolidated statement of income 7

25. Condensed consolidated statement of comprehensive income 8

26. Condensed consolidated statement of changes in equity 9

27. Condensed consolidated statement of cash flows 12

28. Notes to condensed consolidated financial statements 13

29. (Notes on premise of going concern) 13

    (Significant accounting policies) 13

    (Significant accounting estimates and judgments) 22

    (Segment information) 23

    (First-time adoption) 25

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