J. Front Retailing announced its consolidated financial results for the fiscal year ending February 2013 on the 9th. Sales increased 16.1% year-on-year to ¥1,092,756 million, operating profit increased 42.9% to ¥30,857 million, and ordinary profit increased 40.4% to ¥32,202 million. Net income fell 35.2% to ¥12,183 million. The decrease in net income was due to a significant increase in corporate tax payments following the consolidation of Parco at the end of August last year. The department store business, which underwent renovations including the expansion and reopening of the Daimaru Tokyo store in October last year, performed well. In addition, the economic boom resulting from rising stock prices led to active sales in jewelry and luxury women's clothing. Parco's sales also significantly drove overall performance. Parco's sales alone totaled ¥137,729 million. On the other hand, the supermarket business, including Peacock Stores, continued to struggle due to intensifying competition with other companies, with sales down 9.6% year on year to 101.778 billion yen and an operating loss of 1.564 billion yen.

Consolidated financial results forecast for the fiscal year ending February 2014 are sales of 1.15 trillion yen, up 5.2% year on year, and operating profit of 40 billion yen, up 29.6% year on year. Net profit for the period is expected to be 29 billion yen, up 138% year on year. The significant increase in profit will be due to the extraordinary profit generated by the sale of Peacock, which was transferred to AEON for 30 billion yen including debt.