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Retail Trade

Laox Co., Ltd.

Business Summary

Laox Co., Ltd. engages in the distribution and sale of consumer and electrical appliances through its network of tax-free stores. It operates through the following business segments: Inbound, Global, Life Fashion, and Entertainment. The Inbound segment handles the development of duty-free shops for domestic tourists in Japan. The Global segment manages trade and global e-commerce of Japanese products in both BtoC and BtoB platforms and online. The Life Fashion segment provides lifestyle and fashion products through catalogs, physical stores, and e-commerce. The Entertainment segment offers experience-based consumption services such as food culture and deals in the operation of commercial complexes for tourists. The company was founded by Masaji Taniguchi in May 1930 and is headquartered in Tokyo, Japan.

Financial Highlights

Dec 2021 JPYUSD
Revenue68,149M620.25M
Gross Profit15,657M142.50M
Operating income-2,878M-26.19M
Income before tax-7,770M-70.71M
Net income-7,111M-64.72M
EBITDA-1,483M-13.49M
Diluted EPS-77.77-0.70
Dividends Per Share00
Total Assets46,720M405.71M
Total liabilities26,603M231.01M
Total equity20,068M174.26M
Operating cash flow928M8.44M
Currency in JPYCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 64,291.51M 117,995M 129,520M 82,988M 68,149M
Gross Profit 25,069.40M 36,764M 36,273M 19,289M 15,657M
Operating income 83.01M -1,584M -3,575M -3,359M -2,878M
Income before tax 193.92M -1,017M -7,046M -16,756M -7,770M
Net income 177.68M -1,076M -7,873M -16,641M -7,111M
EBITDA 1,390.51M 594M -1,158M -1,674M -1,483M
Diluted EPS 2.75 -16.70 -118.57 -182.03 -77.77
Dividends Per Share 0 0 0 0 0
Total Assets 63,604.37M 84,538M 85,327M 63,523M 46,720M
Total liabilities 19,000.07M 40,554M 41,102M 35,943M 26,603M
Total equity 44,379.26M 42,962M 43,481M 26,831M 20,068M
Operating cash flow 2,783.12M -5,780M -2,879M 1,424M 928M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 573.34M 1,068.38M 1,188.13M 777.27M 620.25M
Gross Profit 223.56M 332.87M 332.74M 180.66M 142.50M
Operating income 0.74M -14.34M -32.79M -31.46M -26.19M
Income before tax 1.72M -9.20M -64.63M -156.93M -70.71M
Net income 1.58M -9.74M -72.22M -155.86M -64.72M
EBITDA 12.40M 5.37M -10.62M -15.67M -13.49M
Diluted EPS 0.02 -0.15 -1.08 -1.70 -0.70
Dividends Per Share 0 0 0 0 0
Total Assets 564.61M 770.52M 785.15M 615.26M 405.71M
Total liabilities 168.66M 369.63M 378.21M 348.13M 231.01M
Total equity 393.95M 391.57M 400.10M 259.87M 174.26M
Operating cash flow 24.81M -52.33M -26.41M 13.33M 8.44M

Valuation Measures

Dec 2021
PER--
ROA-12.90%
ROE-30.32%
Operating margin-4.22%
Profit margin-10.43%

Key executives

  • President & Representative Director: Yi Wen Luo
  • Executive Officer & GM-Administration: Tong Hong
  • Executive Officer & Senior GM-Corporate: Kotaro Wakabyashi
  • Director & General Manager-Group Sales Promotions: Teruji Yano
  • Deputy General Manager-New Business: Norihiko Fujitani

Shareholders

  • Suning.com Co., Ltd. (29.7%)
  • Overseas Chinese Town (Asia) Holdings Ltd. (25.8%)
  • Nihon Kanko Menzei KK (5.8%)
  • Greenwich Investment Holdings Pte Ltd. (4.4%)
  • Laox Co., Ltd. (2.0%)
  • YAMASHITA SATOSHI (0.7%)
  • Chubun Sangyo Co. Ltd. (0.5%)
  • CHIKAYAMA TAKASHI (0.4%)
  • HIROSE YOSHIKAZU (0.2%)
  • Dimensional Fund Advisors LP (0.1%)

Contact Details

  • Website:http://www.laox.co.jp
  • Address: Sumitomo Shibakoen Building, 15/F, 2-7-17 Shiba, Tokyo, 105-0014, Japan
  • Phone: +81.3.6852.8880

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Competitors

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