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ZOZO, First Half Ordinary Profit Increases by 1%, Jul-Sep Ordinary Profit Decreases by 3%

Fri Oct 31, 2025 3:30 pm JST Earnings

3092 ZOZO,Inc. 【J-GAAP】

Earnings Report

ZOZO,Inc. <3092> [TSE Prime] announced its financial results after the market closed on October 31st (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) was 30.8 billion yen, a 1.0% increase compared to the same period last year. However, Progress toward the full-year plan of 69.1 billion yen was 44.6%, almost the same as the five-year average of 47.4%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow 11.3% from the same period last year, reaching 38.2 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 14.1 billion yen, a 3.0% decrease compared to the same period last year. The operating profit margin decreased from 30.1% in the same period last year to 27.6%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 90,217 28,931 29,104 20,314 22.6 48.7 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 98,801 30,475 30,513 21,130 23.7 47.0 Oct 31, 2024 J-GAAP
Apr - Sep, 2025 105,249 31,074 30,826 21,006 23.7 44.6 Oct 31, 2025 J-GAAP
YoY +6.5% +2.0% +1.0% -0.6% -0.2%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 19 Apr 30, 2025 J-GAAP
Apr - Sep, 2025 Results 105,249 31,074 30,826 21,006 23.7 19 Oct 31, 2025 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 114,330 34,281 34,375 24,216 27.2 18 Apr 30, 2025 J-GAAP
Oct - Mar, 2025 Guidance 126,251 38,126 38,274 26,794 30.3 20 Oct 31, 2025 J-GAAP
YoY +10.4% +11.2% +11.3% +10.6% +11.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 197,016 60,079 59,764 44,341 49.4 34.67 Apr 30, 2024 J-GAAP
Mar, 2025 213,131 64,756 64,888 45,346 50.9 35.67 Apr 30, 2025 J-GAAP
Mar, 2026 Guidance 231,500 69,200 69,100 47,800 54.1 39 Jul 31, 2025 J-GAAP
YoY +8.6% +6.9% +6.5% +5.4% +6.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 48,414 14,580 14,621 10,021 11.3 30.1 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 62,275 21,286 21,316 14,813 16.6 34.2 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 52,055 12,995 13,059 9,403 10.6 25.0 Apr 30, 2025 J-GAAP
Apr - Jun, 2025 54,028 16,920 16,638 11,376 12.8 31.3 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 51,221 14,154 14,188 9,630 10.9 27.6 Oct 31, 2025 J-GAAP
YoY +5.8% -2.9% -3.0% -3.9% -3.5%

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