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: +81-3-6895-0178 (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)
- Consolidated performance for the first three months of the fiscal year ending February 28, 2018 (from March 1, 2017 to May 31, 2017)
-
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
- Consolidated financial position
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
-
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
- Consolidated earnings forecasts for the fiscal year ending February 28, 2018 (from March 1, 2017 to February 28, 2018)
(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
Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None
Changes in accounting policies, changes in accounting estimates
Changes in accounting policies required by IFRS: None
Changes in accounting policies due to other reasons: None
Changes in accounting estimates: None
Number of issued shares (common shares)
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
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
Average number of shares during the period (cumulative from the beginning of the fiscal year)
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
Qualitative information regarding results for the first three months 2
Explanation of operating results 2
Explanation of financial position 4
Explanation of consolidated earnings forecasts and other forward-looking statements 4
Condensed consolidated financial statements and significant notes thereto 5
Condensed consolidated statement of financial position 5
Condensed consolidated statement of income 7
Condensed consolidated statement of comprehensive income 8
Condensed consolidated statement of changes in equity 9
Condensed consolidated statement of cash flows 12
Notes to condensed consolidated financial statements 13
(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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J.FRONT Retailing Co. Ltd. published this content on 28 June 2017 and is solely responsible for the information contained herein.
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