J FRONT RETAILING Upgrades Fiscal Year Forecasts

J FRONT RETAILING Co (JP:3086) has released an update.

J. FRONT RETAILING Co., Ltd. has adjusted its consolidated earnings forecasts upwards for the first half of the fiscal year ending in February 2025, following strong domestic sales in its department store and shopping center core businesses, and an unexpected rise in duty-free sales driven by an influx of foreign tourists. The company’s first-quarter performance demonstrated a significant year-over-year increase in gross and sales revenue, along with a substantial rise in business profit, prompting a positive revision of future financial expectations.

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