Data Section

Data Section▶ Business Overview At a Glance

Business Overview (FY2020)
Percentage of
total revenue

Changes in reportable segments

At a Glance
Revenue (Millions of yen)

274,308

275,441

Effective from March 2021, the Group changed its reportable segments to Department Store Business, SC Business, Developer
Business, and Payment and Finance Business. For details of these changes, please refer to the diagram below.

26,659263,748

Department

24,194

Business

FY2017（IFRS）

51.3%
Percentage of
total revenue

FY2018（IFRS）

FY2019（22,199）

11,752

Operating proﬁt (Millions of yen)
10,823112,212

Parco

5,445

Business

Percentage of
total revenue

FY2017（IFRS）FY2017FY2018（IFRS）FY2019（IFRS）

16,995FY2018（IFRS）FY2019（IFRS）FY2020（IFRS）

Revenue (Millions of yen)

（6,895）

Operating proﬁt (Millions of yen)

17,793

6,725

15,372

13,427

Real Estate

4,131

4,664

Business

1,986

4.5%
Percentage of
total revenue

FY2017（IFRS）FY2018（IFRS）FY2019（IFRS）FY2020（IFRS）

Revenue (Millions of yen)
10,176

10,573

FY2017（IFRS）FY2019（IFRS）FY2020（IFRS）

Operating proﬁt (Millions of yen)
2,742

10,719

2,360

9,035

Credit and

FY2018（IFRS）

1,908

FinanceBusiness

421

1.9%
Percentage oftotal revenue

FY2017（IFRS）FY2018（IFRS）FY2019（IFRS）FY2020（IFRS）

Revenue (Millions of yen)

FY2017（IFRS）FY2018（IFRS）FY2019（IFRS）FY2020（IFRS）

Operating proﬁt (Millions of yen)
4,744

117,845

GINZA SIX, tenants around department stores

Real Estate Business
GINZA SIX, tenants around department stores(Held by Daimaru Matsuzakaya)

SC BusinessNorth wing of Shinsaibashi store

Real Estate Business Ueno Frontier Tower (lease)*(Held by Parco)
Other (BINO, etc.)

Real Estate Business Ueno Frontier Tower (lease)*(Held by Daimaru Matsuzakaya) Other (BINO, etc.)

Parco Business

4,700

104,250

FY2017FY2018（IFRS）FY2019（IFRS）FY2020（IFRS）FY2017FY2018（IFRS）FY2019（IFRS）

Reference78

J. Front Design & Construction
Daimaru Kogyo
Dimplesʼ, etc.

Payment and Finance Business (renamed)
Daimaru Kogyo
Dimplesʼ, etc.

OtherConsolidated full year forecast FY 2021 (IFRS)Fiscal year ending
February 28, 2022
Gross sales
Revenue
Gross profit (loss)
SGA
Business profit (loss)
Other operating income
Other operating expenses
Operating profit (loss)
Profit (loss) attributable to owners of parent

shows the scope of the former Parco Business.

Forecast
415.0
165.0
72.0
68.5
3.5
1.0
7.0
(2.5)
(3.0)

H1
YoY %
29.8
11.9
21.0
15.4

vs. Apr forecast(55.0)(15.0)
(9.5)
(6.5)
(3.0)
(74.2)
0.0(71.6)
3.5
(6.5)
(4.0)

(Billions of yen, unless otherwise stated)
Forecast
520.0
200.0
83.0
74.5
8.5
6.0
6.5
8.0
4.0

H2
YoY %
16.4
16.5
10.8
2.4304.0
197.0(16.3)

vs. Apr forecast(15.0)(14.0)
(9.5)
(6.0)
(3.5)
5.5
1.0
1.0
1.0

Segment full year forecast FY2021 (IFRS)FY2020Businessprofit (loss)

New lease accounting standards (IFRS 16)● The Group recognized right-of-use assets and lease liabilities on the effective date of IFRS 16 for leases previously classified as operating leases in accordancewith IAS 17. Lease liabilities are measured at the present value of the total outstanding lease payments discounted using the borrowerʼs additional borrowinginterest rate at the start date of application. Right-of-use assets are measured retrospectively as if IFRS 16 had been applied from the inception date of thelease.
● As a result, assets and liabilities increased by ¥210.6 billion and ¥225.2 billion, respectively, and equity decreased by ¥14.5 billion in the consolidated statementof financial position at the beginning of fiscal 2019. In the consolidated statement of profit or loss for fiscal 2019, operating profit increased by approximately¥4.6 billion compared with the previous accounting standard (prior to the adoption of IFRS 16), but the impact on profit was immaterial.

Other

With regard to COVID-19, while preparations are being made to spread vaccination, currently variants are spreading rapidly and the situation remains unpredictable. In thesecircumstances, we think the vaccination rate provides criteria for domestic economic activities and closely re-examined the top line under the expected scenario for the year thatconsiders restrictions on behavior and consumer spending in advanced nations in vaccination.
Trend of H2
Restrictions onConsumer
Request toAnd we assumed that restrictions on travel, etc. will be eased in Japan when vaccination rate
State of vaccination
travelspending
close stores
FY2021reaches 50% and that the situation will return to almost normal when vaccination rate reaches
Vaccination rate Restrictions are Recover
Department Store / SC
70%. Though it depends on the progress of vaccination in the future, based on our assumption
Nov
reaches 50%
eased
gradually
Recover gradually toward thethat the vaccination rate will reach 50% in November and that 70% or more will be vaccinatedend of FY2021, inbound sales
Noare the same as FY2020 level
twice in January, we created a scenario that consumer spending will begin to recover gradually
Restrictions on
Developer/FinanceMore than 70% are
Full-scale
travel in Japan
Janin November and start to show a full recovery trend in January. Under this scenario, we revised
As originally planned
vaccinated twice
recovery trend
are lifted
the forecasts for the top line and each profit item at the end of the first quarter.

（IFRS）●The percentage of total revenue represents the ratio of revenue to external customers after eliminating intersegment transactions.
●Revenue and operating profit include intersegment transactions.

Other (BINO, etc.)

J. Front Design & Construction

Outlook

2,852（IFRS）

Developer Business ZERO GATE
Parco Space Systems
Parco Digital Marketing
Japan Retail Advisors*“Ueno Frontier Tower (lease)” up to February 2021 includes real estate lease revenue from Parco Co., Ltd. on PARCO_ya Ueno. *Gross sales（IFRS）

J. Front Design & Construction
Daimaru Kogyo
Dimplesʼ, etc.

3,507

95.722

Parco Business

PARCO stores
Shinsaibashi PARCO (Opened on Nov 20)
ZERO GATE
Other subsidiaries of Parco

PARCO stores
Neuve A
Parco (Singapore)Ueno Frontier Tower

Credit and Finance Business

123,275

Other

20.9%

PARCO stores
ZERO GATE
Other subsidiaries of Parco

Credit and Finance Business

Other
FY2020（IFRS）（IFRS）

Department Store Business GINZA SIX, tenants around department stores

89,96968,861

21.4%

Department Store Business（IFRS）FY2020（IFRS）

Revenue (Millions of yen)
91,621

Department Store Business

FY2020（IFRS）FY2019（IFRS）March 2021 -

17,625
164,024

FY2018（IFRS）- February 2021

Operating proﬁt (Millions of yen)StoreFY2017（IFRS）- August 2020

Operatingprofit (loss)

Department StoreSCDeveloperPayment and Finance
Other
Consolidation adjustments
Total consolidated
Department StoreSC
Developer
Payment and Finance
Other
Consolidation adjustments
Total consolidated
Department StoreSC
Developer
Payment and Finance
Other
Consolidation adjustments
Total consolidated

Forecast
256.5
110.2
28.4
6.8
43.0(29.8)
415.0
(1.1)
2.9
1.4
0.2
0.4(0.4)
3.5
(5.0)
0.4
2.1
0.2
0.4
(0.6)
(2.5)

H1
YoY %
35.1
38.7
(8.2)
30.7
7.6
-29.8
-100.4(51.6)(43.4)(61.7)--76.4-(13.8)(38.1)(4.2)-87.8vs. FY2019 %(27.7)(20.6)(15.4)
15.6(11.1)-(24.0)-(43.7)(69.1)(80.2)(73.8)-(85.3)-(93.6)(69.8)(78.5)(72.9)---

Forecast
935.0
365.0
155.0
143.0
12.0
7.0
13.5
5.5
1.0

Full year
YoY %
22.0
14.4
15.5
8.5
402.9
28.1
(57.0)

vs. Apr forecast(70.0)(29.0)(19.0)(12.5)
(6.5)
5.5
4.5
(5.5)
(3.0)

(Billions of yen, unless otherwise stated)
Forecast
331.6
128.5
31.9
7.7
43.9
(23.6)
520.0
4.4
1.5
1.60.70.5(0.3)
8.5
3.5
1.4
1.7
0.6
0.5
0.2
8.0

H2
YoY %
17.3
10.8
36.6
22.3
(11.1)-16.4-492.6
19.8-(54.6)-304.0--63.2-(65.7)---

vs. FY2019 %(8.0)(22.6)(38.4)
22.1(3.8)-(12.8)(69.6)(46.4)(53.0)(20.9)(34.3)-(60.7)(49.6)(68.5)(50.8)(15.7)(32.4)-(46.6)

Forecast
588.1
238.7
60.3
14.5
86.9
(53.4)
935.0
3.3
4.4
3.1
0.9
1.0(0.7)
12.0
(1.5)
1.8
3.8
0.9
0.9
(0.4)
5.5

Full year
YoY %
24.4
22.1
11.1
26.1
(2.7)
-22.0
-157.8(25.3)
294.4(57.6)-402.9--10.3275.6(50.1)---

vs. FY2019 %(17.8)(21.7)(29.4)
18.9(7.5)-(18.2)(88.6)(44.6)(60.6)(51.4)(58.5)-(73.4)-(81.8)(62.6)(48.9)(56.0)--(86.2)

Integrated Report 2021

79