J. Front Retailing Co., Ltd. · TSE:3086
J. Front Retailing — Investor Day (December 2024)
40 slides from J. Front Retailing's investor day presentation, Dec 10, 2024
Slide 1: J. Front Retailing IR Day
J. Front Retailing IR Day December 10, 2024 Create and Bring to Life “New Happiness.”
Slide 2: Today's Agenda
Create and Bring to Life “New Happiness.” Today’s Agenda ■Human Resources Strategy for “Value Co-Creation” Director, President and Representative Executive Officer ONO Keiichi J. Front Retailing Co., Ltd. ■JFR Group Human Resources Strategy Executive Officer, Senior General Manager of Group Human Re
Slide 3: Human Resources Strategy for "Value Co-Creation"
Human Resources Strategy for “Value Co-Creation” ONO Keiichi Director, President and Representative Executive Officer J. Front Retailing Co., Ltd.
Slide 4: Transformation to a "Value Co-creator Retailer"
Create and Bring to Life “New Happiness.” Transformation to a “Value Co-creator Retailer” 2030 Vision = Value Co-Creation Retailer Group Co-Creation of Excitement Co-Prosperity with Communities Co-Existence with the Environment Values Co-Creation Co-Prosperity of with Excitement Area Customer Commun
Slide 5: Trends in Business Profits, Personnel Costs, and No. of Employees
Trends in Business Profits, Personnel Costs, Create and Bring to Life “New Happiness.” and No. of Employees ・ Profit growth limited by decline in employees and personnel costs （millions of yen） ・ Unrealized synergy with PARCO （People） 120,000 18,000 16,000 100,000 14,000 PARCO joins PARCO becomes 80
Slide 6: Themes to Address in Human Resources Strategy
Create and Bring to Life “New Happiness.” Themes to Address in Human Resources Strategy Breaking Free from “Past Success Experiences” Realizing the Combined Strength of the Group 6
Slide 7: Three Transformations of the Human Capital Strategy
Create and Bring to Life “New Happiness.” Three Transformations of the Human Capital Strategy Current Future Human resource Human resource management development Operations Market orientation orientation Company-specific Group optimization optimization 7
Slide 8: Value Co-creation by the Company and Employees
Create and Bring to Life “New Happiness.” Value Co-creation by the Company and Employees Realizing distinctive growth through co-creation by the company and employees ・Evolve into a Value ・Realize employee Co-creation Retailer “Will” ・Improve ・Improve employe productivity satisfaction Co-creation pa
Slide 9: JFR Group Human Resources Strategy
JFR Group Human Resources Strategy IMAZU Takako Executive Officer, Human Resources Strategy Unit Senior General Manager of Group Human Resources Development Division and Group Welfare Division of Human Resources Strategy Unit J. Front Retailing Co., Ltd.
Slide 10: Issues in Group Human Resources
Create and Bring to Life “New Happiness.” Issues in Group Human Resources ✓ Acquisition of the necessary number of Group personnel Number of employees in 2030 will be 20% less than current level (under current trajectory) ✓ Development of behavior / mindset for value co-creation Level of will and mo
Slide 11: Overview of Group Human Resources Strategy
Create and Bring to Life “New Happiness.” Overview of Group Human Resources Strategy 【Management Strategy】 Become a “Value Co-Creation Retailer” Group human resources strategy Outcomes KPI & Output Action (2030 target) HR Management Policy Cultivating value Value co-creation human 【Employee perspect
Slide 12: Focusing on "Behavior and Mindset" of Human Resources
Create and Bring to Life “New Happiness.” Focusing on “Behavior and Mindset” of Human Resources Employee characteristics Desired behavior and mindset Will and motivation Strong Leverage Driven by one’s own Will Hospitality Honesty and sincerity Transcends and links Nurturing ability organizations De
Slide 13: Human Resources Management Policy
Human Resources Management Policy Create and Bring to Life “New Happiness.” Power to Involve Others, Mindset to Enjoy Challenges. People who take actions with their own will, connect to and involve others. People who have a curiosity and interest in many things, act while thinking deeply about their
Slide 14: Nurturing the Ability to Co-create Value
Create and Bring to Life “New Happiness.” ① Nurturing the Ability to Co-create Value A new evaluation axis is added to the existing performance evaluation axis NEW needed for value co-creation 【KPI】 Actions and mindset 30% of Group employees Nurture Nurture Demonstrating results based on skills and
Slide 15: Nurturing the Ability to Co-create Value
Create and Bring to Life “New Happiness.” ① Nurturing the Ability to Co-create Value Training-type secondment Secondment dispatch to CVC or funds for new businesses Project to develop core digital human resources 1,000 employees by 2030 （2024 outlook 100 employees） Realizing the “Will” of employees,
Slide 16: Management Transformation
②Management Transformation Create and Bring to Life “New Happiness.” From business control to “nurturing” management １．Changing attitudes and improving evaluation and feedback skills ２．Creating a pool of management candidates and systematically developing them ３．Examining the number of subordinates
Slide 17: Allocation Focused on Areas of Reinforcement
③ Allocation Focused on Areas of Reinforcement Create and Bring to Life “New Happiness.” Image of the HR portfolio by business Current FY2030 Non-retail Non-retail 40% 30% Retail Retail 70% 60% We will focus on businesses with high human productivity and areas for strengthening 17
Slide 18: Recruitment and Acquisition of Human Resources
Create and Bring to Life “New Happiness.” ④ Recruitment and Acquisition of Human Resources To secure the human resources necessary for growth, we will hire a total of 2,000 people by 2030 ＜People＞ Changes in the number of Group employees (current trajectory) 9,000 Expanding career recruitment of spe
Slide 19: DE&I, Promoting Women's Empowerment
Create and Bring to Life “New Happiness.” ⑤ DE&I, Promoting Women’s Empowerment Achieving “Value Co-Creation” by expanding opportunities for diverse human resources to play an active role FY2030 FY2030 Inter-group exchanges 20% ・Ratio of women in （FY2023: 12％） management positions 40％ （FY2023: 22.5％
Slide 20: Group Platform Construction
Create and Bring to Life “New Happiness.” ⑥ Group Platform Construction Sharing systems and rules for human resource exchanges and synergy JFR centralized recruitment of corporate human resources Revising rules for secondment Expansion of internal Group recruitment Unification of evaluation policies
Slide 21: Human Capital Investments and Returns
Create and Bring to Life “New Happiness.” Human Capital Investments and Returns Human capital investments Return FY2025 – FY2030 (total) FY2030 Per capita productivity: Operating CF 5% Over 1.5-fold vs FY2023 FY2030 Labor distribution rate: 30% (FY2024 outlook 26%) 21
Slide 22: PARCO's Content Business
PARCO’s Content Business 〜Power Born from the Intersection of Emotions and Information〜 KOBAYASHI Daisuke Executive Officer, Culture Creation Business Headquarters, Head of Entertainment: Theater Dept., Music Dept., Movie and Content Business Dept., New Business Development Dept., Gaming Business De
Slide 23: PARCO Fostering Creative Human Resources: Content (Culture) Initiatives
PARCO Fostering Creative Human Resources: Content Create and Bring to Life “New Happiness.” (Culture) Initiatives ✓ PARCO has a history of introducing and creating cutting-edge culture, with a focus on Background to fashion, since the opening of Ikebukuro PARCO in 1969. our unique ✓ In 1973, opened
Slide 24: Agenda
Create and Bring to Life “New Happiness.” Agenda 1 Changes in Our ・ Culture, communities, and economic Content Business value created by the content business 2 Uniqueness of Our ・ Changes in the content business Content Business 3 ・ Content business for experience- and time-type New Content consumpt
Slide 25: Changes in Our Content Business
①Changes in Our Content Business Create and Bring to Life “New Happiness.” ー Culture, Community, and Economic Value Created by the Content Business Responding to “something different” Being in touch with the culture that is quick to Market respond to the changing times is the key to expansion connec
Slide 26: Changes in Our Content Business
Create and Bring to Life “New Happiness.” ① Changes in Our Content Business 1999→ 2023→ 1973→ 1974→ PARCO Publishing CINE QUINTO PARCO Shibuya PARCO & GAMES PARCO Theater 2014→ 1988→ CONTENTS 1986→ CLUB CAFE 出典：『パルコレポート』1977年1月号 PARCO QUATTRO MUSEUM 2019→ Shibuya Creative PARCO Curation 26
Slide 27: Uniqueness of Our Content Business
②Uniqueness of Our Content Business Create and Bring to Life “New Happiness.” ーDeeply accumulating the experiential value of multiple genres Entertainment Art & Food Theater Publishing Music Movies Games Content Culture IP entertainment PARCO CLUB CINE CONTENTS PARCO PARCO PARCO GAMES MUSEUM QUATTRO
Slide 28: New Content Business
③New Content Business Create and Bring to Life “New Happiness.” ーExperience- and Time-type Consumption Conscious of the Future Centricity of IP 1973 ー 2023 2024 ー 2030 Entertainment / New Content Content Business Business Original Artist Movie Theater Music QUATTRO IP Intangible-type story IP IP con
Slide 29: Joint Project with Kodansha
③New Content Business Create and Bring to Life “New Happiness.” ③ 新しいコンテンツ事業 ーExperience- and Time-type Consumption Conscious of the Future Centricity of IP New Initiative Example Joint Project with Kodansha Creating a new content market through a media mix based on the community Kodansha and Parco,
Slide 30: Words and stories that arise from the city
③New Content Business Create and Bring to Life “New Happiness.” ーExperience- and Time-type Consumption Conscious of the Future Centricity of IP Words and stories that arise from the city Developing ideas, learning Developing cities, learning about people through language about people through fashion
Slide 31: IP-based Experience- and Time-type Content
Create and Bring to Life “New Happiness.” ③New ③ Content BusinessーIP-based Experience- and Time-type Content 新しいコンテンツ事業 Kodansha and PARCO, which have been developing cities and idea, have formed a creative team that will weave the times. Recording the new era of culture “from East Asia,” creating t
Slide 32: Building East Asia Cultural Unity
③New Content Businessー Create and Bring to Life “New Happiness.” Content Business Concept that Grows and Expands 2030 International Contents 2024-2026 Studio Building East Asia Designing a culture that stimulates ⚫︎ East Asia cultural unity Cultural Unity communities around the world and creating ne
Slide 33: PARCO's Contents Business - Gaming Development
PARCO’s Contents Business ‐ Gaming Development ‐ 〜Co-creation through Group HR exchanges〜 YAMANAKA Ayako Culture Creation Business Headquarters, Profile Gaming Business Development Dept., PARCO Co., Ltd. FY2018 Daimaru Matsuzakaya Department Stores Co., Ltd. Sales, Daimaru Shinsaibashi Store FY2019
Slide 34: Gaming Business Development Dept.
Create and Bring to Life “New Happiness.” Gaming Business Development Dept. Mission Aim to become a game IP holder and develop rights using IP ■Main business activities Upstream Game IP holder business (scheduled to launch in 2027) Game publishing business (scheduled to launch in 2H 2025) Gaming eve
Slide 35: Gaming Business Development Dept. Project examples
Create and Bring to Life “New Happiness.” Gaming Business Development Dept. Project examples ▲ First live performance of a popular TRPG ▲ Implementation of a linked strategy of ▲ Announcement of two game titles 1st Ex: Analog game (murder mystery) work at the PARCO Theater holding an event for a pop
Slide 36: HR Exchange and Secondment
Create and Bring to Life “New Happiness.” HR Exchange and Secondment Insights ✓ Strengths of each Group company and the appeal of each company that should be shared Strengths of Daimaru Matsuzakaya Strengths of PARCO ・A sense of speed and flexibility that keeps up ・Consistency that can provide “peac
Slide 37: Board Chairperson's Perspective on Governance
Board Chairperson’s Perspective of Current State and Issues with Company Governance KOIDE Hiroko Chairperson, JFR Board of Directors J. Front Retailing Co., Ltd.
Slide 38: Envisioned Board of Directors Aimed for as Board Chairperson
Envisioned Board of Directors Aimed for as Board Create and Bring to Life “New Happiness.” Chairperson ➢ After the 2024 Shareholders Meeting, became the JFR independent, outside director appointed as Chairperson of the Board of Directors. ➢ The following initiatives have been launched towards substa
Slide 39: Changes Since Appointment As Board Chairperson and Future Issues
Changes Since Appointment As Board Chairperson Create and Bring to Life “New Happiness.” and Future Issues ◼ Visible Changes • An open exchange of opinions and the building of trusting relationships from the new collaborative structure of the President, Chairman, and Manager of the Board of Director
Slide 40: Create and Bring to Life "New Happiness."
Create and Bring to Life “New Happiness.”