J.FRONT RETAILING Co.,Ltd.
3086・Prime Market・Retail Trade
Governance
The company has adopted a company-with-three-committees (nomination, audit, and compensation committees) structure and comprises 10 directors, of whom 7 are independent outside directors (an outside director ratio of 70%). The chairman of the board of directors is an independent outside director, and independent outside directors also chair all three of the Nomination, Audit, and Compensation Committees. Since 2015, the company has conducted an annual board effectiveness evaluation by a third-party organization.
Risk Management
The company has established a Risk Management Committee (meeting three times a year), chaired by the Representative Executive Officer and President, to manage risks across the entire company, including sustainability-related risks, in an integrated manner. Deliberation content is shared with the Group Management Council and the Sustainability Committee, and a supervisory framework has been built whereby reports are made in a timely manner to the Board of Directors (meeting monthly). When hazard risks occur, an Emergency Response Headquarters, headed by the Representative Executive Officer and President, responds.
Shareholder Returns
The annual dividend forecast for FY2027 (ending February 2027) is ¥56 per share (interim ¥28 + year-end ¥28), an increase from the previous fiscal year's actual dividend of ¥54. A share buyback with an upper limit of ¥10.0 billion in total is currently underway. The company continues to target a consolidated payout ratio of 40% or more.
Dividend Policy
While maintaining and enhancing a sound financial structure, the company aims to provide appropriate returns to shareholders through stable dividends and flexible, timely share buybacks, taking into account profit levels, capital expenditure, and free cash flow trends. During the Medium-Term Management Plan period (FY2024–FY2026), the company will work to optimize its capital structure through dividends with a consolidated payout ratio of 40% or more and share buybacks. Dividends of surplus are, in principle, paid twice a year, as interim and year-end dividends, subject to resolution by the Board of Directors. The annual dividend forecast for FY2027 (ending February 2027) is ¥56 per share (interim ¥28 + year-end ¥28). In addition, with the aim of improving mid- to long-term capital efficiency and strengthening shareholder returns, the company is conducting a share buyback with an upper limit of ¥10.0 billion in total (¥8,389 million was acquired in the first quarter under review).
ESG
Obtained SBT certification with a target of net-zero Scope 1, 2, and 3 emissions by 2050. FY2024 Scope 1 and 2 emissions were reduced by 65.4% compared to FY2017 (67,126 t-CO2), and the renewable energy ratio reached 67.2%, achieving the FY2030 target ahead of schedule; accordingly, a new target (73% reduction) has been set. The performance-linked stock compensation for officers now incorporates the Scope 1 and 2 emissions reduction rate and the ratio of female managers as non-financial indicators. The ratio of female managers was 26.2% in FY2024 (FY2026 target: 31%). The company continues to conduct human rights due diligence, promoting supplier assessments and dialogue (121 companies cumulatively). It registered as a TNFD Adopter (October 2024) and introduced internal carbon pricing (¥10,000 per t-CO2) in February 2024.
Last updated: May 26, 2026