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Retail Trade

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 2022 JPYUSD
Revenue55,127M419.12M
Gross Profit14,653M111.40M
Operating income22M0.16M
Income before tax74M0.56M
Net income68M0.51M
EBITDA1,053M8.00M
Diluted EPS0.750.00
Dividends Per Share00
Total Assets40,944M310.31M
Total liabilities20,611M156.20M
Total equity20,327M154.05M
Operating cash flow-2,075M-15.77M
Currency in JPYCurrency in USD

Historical Data

 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 117,995M 129,520M 82,988M 68,149M 55,127M
Gross Profit 36,764M 36,273M 19,289M 15,657M 14,653M
Operating income -1,584M -3,575M -3,359M -2,878M 22M
Income before tax -1,017M -7,046M -16,756M -7,770M 74M
Net income -1,076M -7,873M -16,641M -7,111M 68M
EBITDA 594M -1,158M -1,674M -1,483M 1,053M
Diluted EPS -16.70 -118.57 -182.03 -77.77 0.75
Dividends Per Share 0 0 0 0 0
Total Assets 84,538M 85,327M 63,523M 46,720M 40,944M
Total liabilities 40,554M 41,102M 35,943M 26,603M 20,611M
Total equity 42,962M 43,481M 26,831M 20,068M 20,327M
Operating cash flow -5,780M -2,879M 1,424M 928M -2,075M
 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 1,068.38M 1,188.13M 777.27M 620.25M 419.12M
Gross Profit 332.87M 332.74M 180.66M 142.50M 111.40M
Operating income -14.34M -32.79M -31.46M -26.19M 0.16M
Income before tax -9.20M -64.63M -156.93M -70.71M 0.56M
Net income -9.74M -72.22M -155.86M -64.72M 0.51M
EBITDA 5.37M -10.62M -15.67M -13.49M 8.00M
Diluted EPS -0.15 -1.08 -1.70 -0.70 0.00
Dividends Per Share 0 0 0 0 0
Total Assets 770.52M 785.15M 615.26M 405.71M 310.31M
Total liabilities 369.63M 378.21M 348.13M 231.01M 156.20M
Total equity 391.57M 400.10M 259.87M 174.26M 154.05M
Operating cash flow -52.33M -26.41M 13.33M 8.44M -15.77M

Valuation Measures

Dec 2022
PER292.79
ROA0.15%
ROE0.33%
Operating margin0.03%
Profit margin0.12%

Key executives

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

Shareholders

  • Suning.com Co., Ltd. (29.7%)
  • Overseas Chinese Town (Asia) Holdings Ltd. (24.3%)
  • Nihon Kanko Menzei KK (5.8%)
  • Laox Holdings Co., Ltd. (2.0%)
  • YAMASHITA SATOSHI (0.8%)
  • Chubun Sangyo Co., Ltd. (0.8%)
  • CHO MEI (0.1%)
  • TANAKA NORIAKI /AICHI/ (0.1%)
  • Norges Bank Investment Management (0.1%)
  • 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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