Consolidated Balance Sheet
J. FRONT RETAILING Co., Ltd. and Consolidated Subsidiaries
February 28, 2017

Thousands of
U.S. dollars(Note 1)Millions of yen

2017

2016

AssetsCurrent assets:
Cash and deposits (Notes 15 and 24)
Notes and accounts receivable ‒ trade (Notes 15 and 16)
Securities (Notes 10 and 15)
Inventories (Notes 5 and 8)
Deferred tax assets (Note 25)
Other (Note 15)
Less allowance for doubtful accounts
Total current assets

2017¥33,018
68,9971,500
34,49910,52344,540(249)
192,829¥30,039
68,0491,233
28,205
11,671
41,865(173)
180,890$292,842
611,946
13,303305,977
93,330395,033(2,208)1,710,235

Non-current assets:
Property and equipment (Notes 6, 7, 8, 9, 13 and 19):Land
Buildings and structures, net
Construction in progress
Other, net
Total property and equipment

420,894
196,598
58,296
8,273
684,063360,297
182,772
120,751
4,829
668,651

3,732,984
1,743,662
517,037
73,374
6,067,077

Intangible assets:
Goodwill (Notes 19 and 27)
Other
Total intangible assets

208
41,43841,647568
40,87641,444

1,844367,521
369,374

18,90420,055

167,662

26,533
1,534
60,561
10,7383,695
12,415(2,810)131,569
857,280

26,9301,503
61,5155,687
5,112
10,065(2,710)128,160
838,255

235,325
13,605537,126
95,237
32,771
110,110(24,922)
1,166,909
7,603,370¥1,050,109¥1,019,146$9,313,605

Investments and other assets:
Investment securities (Notes 8, 10 and 15)
Investments in unconsolidated subsidiaries and affiliates(Note 15)
Long-term loans receivable
Deposits and guarantees (Note 15)
Asset for retirement benefits (Note 12)
Deferred tax assets (Note 25)
Other (Note 15)
Less allowance for doubtful accounts
Total investments and other assets
Total non-current assets

Total assets (Note 27)

02

Thousands ofU.S. dollars(Note 1)Millions of yen

Liabilities and net assets
Current liabilities:
Notes and accounts payable - trade (Notes 8, 15 and 16)
Short-term loans payable (Notes 8, 11 and 15)
Commercial papers (Notes 11 and 15)
Current portion of long-term debt (Notes 8, 11, 15 and 16)
Income taxes payable (Notes 15 and 25)Advances received
Gift certificates outstanding
Provision for bonuses to employees
Provision for bonuses to directors and audit and supervisory board members
Provision for sales returns
Provision for loss on books unsalable
Provision for sales promotion expenses
Provision for loss on utilization of gift certificates
Provision for loss on business liquidation
Provision for loss on store reconstruction
Other
Total current liabilities
Non-current liabilities:
Long-term debt (Notes 8, 11, 15 and 16)
Deferred tax liabilities (Note 25)
Deferred tax liabilities for land revaluation (Note 25)
Liability for retirement benefits (Note 12)
Accrued retirement benefits for directors and audit and supervisory board members
Provision for loss on business liquidation
Provision for loss on store reconstruction
Other (Note 15)
Total non-current liabilities
Total liabilities
Contingent liabilities (Note 17)
Net assets:
Shareholders' equity (Note 14):
Common stock:
Authorized - 1,000,000,000 shares
Issued - 268,119,164 shares
Capital surplus
Retained earnings
Treasury stock, at cost: 6,573,594 shares in 2017 and 6,575,238 shares in 2016Total shareholders' equity
Accumulated other comprehensive loss:
Net unrealized holding gain on securities (Note 10)
Net unrealized deferred gain on hedging instruments (Note 16)
Foreign currency translation adjustments
Retirement benefits adjustments (Note 12)
Total accumulated other comprehensive loss
Stock subscription rights (Note 14)
Non-controlling interests
Total net assets (Note 26)
Total liabilities and net assets

2017

2016

2017

¥87,964
8,320
33,79941,7897,125
24,136
38,596
5,493
206
21
133
445
14,493
1,855‒
48,186
312,568¥90,768
8,43930,798
32,588
8,322
19,31838,599
5,709
204
21
121
709
13,913487
1,245
51,696302,944$780,168
73,791
299,769
370,634
63,192
214,066
342,31448,718
1,827
186
1,179
3,946
128,541
16,452‒
427,370
2,772,221

108,650
85,296
1,100
31,605
5‒
1,712
43,332271,701
584,269

111,409
89,1581,161
32,70737
564
1,191
39,378275,607
578,552

963,636
756,505
9,756
280,31044‒
15,184384,319
2,409,764
5,181,986

30,000209,551
183,598(11,281)
411,868

30,000209,551
163,971(11,286)
392,236

266,075
1,858,545
1,628,363(100,053)
3,652,931

2,053
288
349
(8,223)(5,532)‒59,503465,839¥1,050,109

2,113
223
516
(11,391)(8,537)14
56,880440,594¥1,019,146

18,2082,554
3,095(72,931)(49,064)‒
527,742
4,131,609$9,313,605

See accompanying notes to the consolidated financial statements.

03