ZOZO, Inc.

ZOZO, Inc.

7.00
EUR
+0.10
(+1.45%)
5.39BMarket Cap
Oct 29Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
40.02
42.6
56.67
81.68
105.26
128.91
137.03
160.88
184.73
203.91
219.48
239.24
257.86
- -
Basic EPS, GAAP
8.09
9.31
12.49
18.22
21.56
17.4
20.53
33.77
38.34
43.94
49.4
50.9
54.11
- -
Free Cash Flow per Basic Share
8.28
10.48
11.3
18.38
16.38
12.16
21.42
45.24
42.86
30.46
37.01
60.42
51.35
- -
Dividend per Share
2.22
3.22
4.39
5.33
9.33
10.41
7.33
11
16.15
20
30.07
36
37.07
- -
Book Value per Share
19.47
26.6
18.69
31.46
43.65
24.73
37.7
60.51
61.1
85.12
95.13
110.81
120.76
120.76
Tangible Book Value per Share
18.28
25.11
15.19
30.31
40.21
21.34
34.46
57.33
58.19
82.48
92.19
106.95
88.43
88.43
Basic Weighted Avg Shares
964
967
960
935
935
919
916
916
900
900
898
891
886
887
Sales/Revenue/Turnover
38,569
41,176
54,413
76,362
98,411
118,419
125,502
147,370
166,199
183,423
197,016
213,131
228,373
- -
Operating Margin (%)
32.12
36.63
32.64
34.43
33.2
21.67
22.23
29.96
29.88
30.76
30.5
30.39
30.38
- -
Depreciation Expense
818
1,196
1,512
1,668
1,301
2,011
2,489
2,426
2,381
2,510
3,843
4,742
7,587
- -
Net Income, GAAP
7,798
8,999
11,988
17,035
20,156
15,985
18,804
30,932
34,492
39,526
44,341
45,346
47,926
- -
Effective Tax Rate (%)
36.67
38.65
33.57
30.91
29.08
28.96
27.99
29.14
29.87
30.26
26.5
29.92
30.01
- -
Profit Margin (%)
20.22
21.85
22.03
22.31
20.48
13.5
14.98
20.99
20.75
21.55
22.51
21.28
20.99
- -
Working Capital
14,260
21,552
9,448
21,735
26,331
5,659
14,303
34,616
36,133
51,289
54,876
67,566
49,642
49,642
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
19,227
26,245
17,931
29,868
40,810
22,654
34,533
55,506
55,097
76,691
84,743
98,718
106,788
106,788
Return on Invested Capital (%)
42.5
35.56
45.98
63.45
55.89
38.12
36.96
42.9
41.2
41.32
40.08
37.1
36.03
- -
Return on Capital (%)
48.78
39.58
54.29
71.28
57.05
37.53
37.3
46.92
45.72
45.95
43.92
40.66
39.19
- -
Return on Common Equity (%)
49.98
40.4
55.46
72.66
57.4
50.38
65.76
68.76
62.49
60.1
54.97
49.43
46.64
- -

Capital Structure

JPY

•

in mil. unless spec.
Jun'26
Sep'26
Mar'26
ST Debt
- -
20,000
20,000
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
886
884
884
Market Capitalization
1,421,858
1,212,240
989,484

Working Capital

JPY

•

in mil. unless spec.
Jun'26
Sep'26
Mar'26
Total Current Assets
- -
106,325
130,314
Cash, Cash Equivalents & STI
- -
53,933
69,416
Accounts Receivable, Net
- -
44,430
53,348
Inventories
- -
3,593
3,533
Total Current Liabilities
- -
66,710
80,672
Payables & Accruals
- -
- -
- -
ST Debt
- -
20,000
20,000
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
24.55%
14.72%
8.17%
Free Cash Flow
23.91%
6.37%
-15.51%
Net Income, GAAP
16.81%
9.25%
5.69%
Sales/Revenue/Turnover
15.88%
9.18%
7.15%
Total Cash Common Dividend
26.26%
27.86%
2.39%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
45,871
44,346
57,351
49,448
197,016
2025
- -
- -
- -
- -
213,131
2026
- -
- -
- -
- -
228,373

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
12.45
10.12
13.53
13.3
49.4
2025
- -
- -
- -
- -
50.9
2026
- -
- -
- -
- -
54.11

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
30.07
2025
- -
- -
- -
- -
36
2026
- -
- -
- -
- -
37.07

Company Description

CEO
Kotaro Sawada
Full Time Employees
1,894
Sector
Retail trade
Industry
Internet retail
Address
Midori-Cho 1-15-16 Chiba CH Japan 263-0023
IPO Date
Nov 7, 2007
Business
ZOZO, Inc. operates as a leading Japan-based fashion e-commerce company primarily engaged in the operation of its flagship online retail platform ZOZOTOWN, alongside the fashion media application WEAR by ZOZO. The company’s core products and services include the sale of apparel, garment accessories, bags, tableware, magazines, and other fashion-related items through both direct purchase and consignment sales models, including a secondary market business under ZOZOUSED which specializes in used fashion merchandise. ZOZO also offers business-to-business (BtoB) fulfillment support services encompassing e-commerce site system development, design production, logistics contracting, and marketing support. Complementing these, the company operates an advertising business leveraging the extensive user base of ZOZOTOWN and WEAR, and it generates revenues from shipping and settlement fees. The company maintains a broad offering of over 9,700 fashion brands available on its platforms and supports digital commerce with logistics and payment innovations. Headquartered in Chiba City, Japan, and established in 1998, ZOZO has recently expanded through the strategic acquisition of LYST LTD, a global fashion online platform, cementing its ambitions for international expansion. The company has formed a strategic partnership with South Korean fashion company MUSINSA Co., Ltd. to extend its presence in the Asian fashion e-commerce market. ZOZO emphasizes the integration of advanced technology including AI to enhance personalized shopping experiences and operational efficiency, with initiatives targeting inventory and logistics optimization and labor savings via automation. The company pursues a growth strategy centered on broadening customer demographics, increasing purchase frequency, supporting production, expanding into cosmetics, and monetizing proprietary measurement technologies globally. AI-driven improvements in customer engagement and retention underpin ZOZO’s innovation focus, as expressed in CEO Kotaro Sawada's statements about leveraging AI to develop unique algorithmic solutions for e-commerce. Financially, ZOZO reported strong growth in fiscal year 2025 with gross merchandise value (GMV) increasing by double digits, driven by both domestic and international operations. Its business model blends direct sales, consignment, secondary market sales, and ad-supported platform presence, positioning ZOZO as a comprehensive fashion-tech integrator. The company operationalizes a multi-channel strategy through ZOZOTOWN, WEAR, LINE Yahoo Commerce, and newly acquired LYST LTD for geographic diversification. ZOZO continues to invest in leveraging technology for customer personalization, logistics efficiency, and expanding product categories with a clear strategic vision targeting 800 billion yen GMV and 15 million customers in the medium term. ZOZO operates through subsidiaries including ZOZO NEXT, Inc., which focuses on new business creation and R&D, and LYST LTD, enhancing its global fashion platform footprint. Its operations remain centered in Japan with ongoing strategic efforts to increase international market penetration through partnerships and technology-driven innovation, positioning ZOZO as a prominent player in the global fashion e-commerce ecosystem.

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