Retail Trade

Laox Holdings Co., Ltd.

In the news

Duty-free chain Laox to close half of stores in Japan Jul 29, 2020
Chinese tourist slump forces job cuts at duty-free chain Laox Feb 16, 2020
Alibaba lets Chinese tourists preorder Japan shopping sprees Mar 2, 2019
How a Shanghai businessman pulled Honma Golf out of the rough Feb 17, 2018
Japan's shippers lend tourists a hand with luggage Jan 4, 2018

See more articles on Laox Holdings Co., Ltd.

Business Summary

Laox Holdings 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	JPY	USD
Revenue	68,149M	620.25M
Gross Profit	15,657M	142.50M
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 Share	0	0
Total Assets	46,720M	405.71M
Total liabilities	26,603M	231.01M
Total equity	20,068M	174.26M
Operating cash flow	928M	8.44M
	Currency in JPY	Currency in USD

Historical Data

JPY | USD

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 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 2017	Dec 2018	Dec 2019	Dec 2020	Dec 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: Kensaku Iida
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. (27.7%)
Nihon Kanko Menzei KK (5.8%)
Greenwich Investment Holdings Pte Ltd. (4.4%)
Laox Holdings Co., Ltd. (2.0%)
YAMASHITA SATOSHI (0.7%)
Chubun Sangyo Co., Ltd. (0.5%)
CHIKAYAMA TAKASHI (0.4%)
HIROSE YOSHIKAZU (0.2%)
Norges Bank Investment Management (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

Last Updated on 3 Feb, 2023