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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 2020 JPYUSD
Revenue82,988M777.27M
Gross Profit19,289M180.66M
Operating income-3,359M-31.46M
Income before tax-16,756M-156.93M
Net income-16,641M-155.86M
EBITDA-1,674M-15.67M
Diluted EPS-182.03-1.70
Dividends Per Share00
Total Assets63,523M615.26M
Total liabilities35,943M348.13M
Total equity26,831M259.87M
Operating cash flow1,424M13.33M
Currency in JPYCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 62,764.08M 64,291.51M 117,995M 129,520M 82,988M
Gross Profit 22,147.93M 25,069.40M 36,764M 36,273M 19,289M
Operating income -997.05M 83.01M -1,584M -3,575M -3,359M
Income before tax -1,533.20M 193.92M -1,017M -7,046M -16,756M
Net income -1,766.82M 177.68M -1,076M -7,873M -16,641M
EBITDA -30.68M 1,390.51M 594M -1,158M -1,674M
Diluted EPS -27.27 2.75 -16.70 -118.57 -182.03
Dividends Per Share 0 0 0 0 0
Total Assets 58,406.00M 63,604.37M 84,538M 85,327M 63,523M
Total liabilities 14,145.31M 19,000.07M 40,554M 41,102M 35,943M
Total equity 44,260.68M 44,379.26M 42,962M 43,481M 26,831M
Operating cash flow 1,458.40M 2,783.12M -5,780M -2,879M 1,424M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 577.62M 573.34M 1,068.38M 1,188.13M 777.27M
Gross Profit 203.82M 223.56M 332.87M 332.74M 180.66M
Operating income -9.17M 0.74M -14.34M -32.79M -31.46M
Income before tax -14.11M 1.72M -9.20M -64.63M -156.93M
Net income -16.26M 1.58M -9.74M -72.22M -155.86M
EBITDA -0.28M 12.40M 5.37M -10.62M -15.67M
Diluted EPS -0.25 0.02 -0.15 -1.08 -1.70
Dividends Per Share 0 0 0 0 0
Total Assets 500.75M 564.61M 770.52M 785.15M 615.26M
Total liabilities 121.27M 168.66M 369.63M 378.21M 348.13M
Total equity 379.48M 393.95M 391.57M 400.10M 259.87M
Operating cash flow 13.42M 24.81M -52.33M -26.41M 13.33M

Valuation Measures

Dec 2020
PER--
ROA-22.35%
ROE-47.33%
Operating margin-4.04%
Profit margin-20.05%

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 Appliance Group Co., Ltd. (33.7%)
  • Suning.com Co., Ltd. (29.7%)
  • Nihon Kanko Menzei KK (5.8%)
  • Laox Co., Ltd. (2.0%)
  • Chubun Sangyo Co. Ltd. (0.8%)
  • Unearth International Ltd. (0.8%)
  • The Vanguard Group, Inc. (0.5%)
  • Norges Bank Investment Management (0.1%)
  • Dimensional Fund Advisors LP (0.1%)
  • Dimensional Fund Advisors Ltd. (0.0%)

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

Related Companies

  • Laox SCD Co., Ltd.
  • SAP Corp.
  • Aito Kotsu Co., Ltd.
  • Shinko Seika Kogyo KK /New/
  • LaOX (Beijing) Trading Co. Ltd.
  • LaOX (Nanjing) Trading Co. Ltd.
  • LaOX (Nanjing) Product Procuremnent Co. Ltd.
  • LaOX (Shanghai) Trading Co. Ltd.
  • Laox (Shanghai) Co. Ltd.
  • Kanda Musen Denki Co., Ltd.
  • Legousi (Shanghai) Trading Co., Ltd.
  • LaOX Co. Ltd. /Household Appliance Retail Business/
  • Laox Hinata Co., Ltd.
  • Shoji Denki KK

Competitors

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