J. Front Retailing Balance Sheet

Financials in millions JPY. Fiscal year is March - February.

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May '26 May 31, 2026	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Cash & Equivalents	25,592	36,099	54,975	71,342	39,874	93,278
Cash & Short-Term Investments	25,592	36,099	54,975	71,342	39,874	93,278
Cash Growth	-31.30%	-34.34%	-22.94%	78.92%	-57.25%	-27.65%
Receivables	170,642	155,096	156,663	143,321	129,121	112,262
Inventory	13,351	14,129	12,662	15,193	16,932	12,459
Other Current Assets	24,746	22,195	16,745	16,645	15,933	16,885
Total Current Assets	234,331	227,519	241,045	246,501	201,860	234,884
Property, Plant & Equipment	588,580	591,650	605,806	566,246	588,902	620,850
Long-Term Investments	38,034	302,939	298,953	289,893	318,257	321,147
Goodwill	6,799	6,799	6,799	560	995	523
Other Intangible Assets	9,973	9,955	8,350	7,886	7,797	7,289
Long-Term Deferred Tax Assets	2,849	2,700	3,190	3,636	3,137	8,209
Other Long-Term Assets	270,197	5	4	4	5	5
Total Assets	1,150,763	1,141,567	1,164,147	1,114,726	1,120,953	1,192,907
Accounts Payable	165,194	161,326	162,810	151,230	133,835	116,107
Short-Term Debt	-	30,220	53,330	37,330	63,530	88,152
Current Portion of Long-Term Debt	88,683	15,000	-	20,000	-	20,000
Current Portion of Leases	22,697	24,060	25,294	27,222	28,411	28,554
Current Income Taxes Payable	5,042	6,186	11,576	7,183	1,527	4,485
Other Current Liabilities	83,069	87,710	88,331	88,296	90,650	90,115
Total Current Liabilities	364,685	324,502	341,341	331,261	317,953	347,413
Long-Term Debt	110,581	131,316	136,728	156,618	185,593	209,562
Long-Term Leases	131,474	136,079	148,225	123,228	136,414	155,839
Pension & Post-Retirement Benefits	14,335	14,486	15,369	15,980	16,754	19,416
Long-Term Deferred Tax Liabilities	66,091	66,901	59,519	51,439	48,366	51,697
Other Long-Term Liabilities	40,358	40,261	39,731	41,969	44,463	46,861
Total Liabilities	727,524	713,545	740,913	720,495	749,543	830,788
Common Stock	31,974	31,974	31,974	31,974	31,974	31,974
Additional Paid-In Capital	187,610	187,549	188,081	189,172	189,068	188,894
Retained Earnings	217,966	215,138	199,311	167,600	142,153	134,705
Treasury Stock	-46,842	-38,620	-23,940	-14,231	-14,466	-14,780
Comprehensive Income & Other	20,233	19,545	14,220	7,383	10,656	9,575
Total Common Equity	410,941	415,586	409,646	381,898	359,385	350,368
Minority Interest	12,298	12,436	13,588	12,333	12,025	11,751
Shareholders' Equity	423,239	428,022	423,234	394,231	371,410	362,119
Total Liabilities & Equity	1,150,763	1,141,567	1,164,147	1,114,726	1,120,953	1,192,907
Total Debt	353,435	336,675	363,577	364,398	413,948	502,107
Net Cash (Debt)	-327,843	-300,576	-308,602	-293,056	-374,074	-408,829
Net Cash Per Share	-1316.37	-1198.84	-1193.09	-1117.43	-1426.59	-1560.83
Filing Date Shares Outstanding	245.05	247.32	256.47	262.71	262.24	262
Total Common Shares Outstanding	245.05	248.65	256.47	262.71	262.24	262
Working Capital	-130,354	-96,983	-100,296	-84,760	-116,093	-112,529
Book Value Per Share	1676.97	1671.35	1597.23	1453.70	1370.43	1337.28
Tangible Book Value	394,169	398,832	394,497	373,452	350,593	342,556
Tangible Book Value Per Share	1608.53	1603.97	1538.17	1421.55	1336.91	1307.47