ZOZO, Inc.
2Q FY2026 ZOZO, Inc. Consolidated Business Results
2Q (interim) earnings overview: Merchandise value handled centered on ZOZOTOWN was 309.43 billion yen, adjusted EBITA was 34.61 billion yen, and ROE is expected to exceed 50% for the full year. Reports trends in profit margins driven by integration effects of LINE Yahoo Commerce and LYST and improved cost management. Announced a policy for share buybacks and cancellation to raise year-end ROE.
Key Figures
- Merchandise value handled: 309.43 hundred million yen (YoY -1.0%)
- Adjusted EBITA: 34.61 hundred million yen (YoY +5.1%)
- ROE: Expected to exceed 50% (FY26/03 actual 46.6% → upward expectation)
AI要約
Overview of Results
In 2Q, ZOZO recorded total merchandise value handled of 309.43 hundred million yen (YoY -1.0%), driven by ZOZOTOWN. With the consolidation and contributions from LINE Yahoo Commerce and LYST, overall promotional expenditures and composition ratios shifted, while adjusted EBITA was 34.61 hundred million yen, up 5.1% year-over-year, showing solid performance. SG&A ratio was restrained through logistics efficiency improvements and cost reductions, achieving margin improvement. The mid-term plan targets adjusted EBITA of 90.0 hundred million yen by 2030, and ROE is expected to exceed 50%.
Capital Policy and Outlook
The company resolved on June 16, 2026 to acquire and cancel treasury stock, with an acquisition ceiling of 30 hundred million yen or 43,000,000 shares, scheduled acquisition period from June 17, 2026 to December 30, 2026 (planned), and cancellation scheduled for January 29, 2027. This strengthens shareholder returns and aims to further raise ROE. For the fiscal year ending March 2027, the company plans to revise and maintain upward profit indicators assuming growth in merchandise value handled and adjusted EBITA.
Adjusted EBITA Margin
ZOZO, Inc.
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