ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Retail Trade

ZOZO, Inc.

Business Summary

ZOZO, Inc. engages in the electronic commerce (EC) business. It operates through the following business divisions: ZOZOTOWN Business, PayPay Mall, PB, MSP, BtoB, Advertising, and Others. The ZOZOTOWN Business division provides fashion shopping site called "ZOZOTOWN" and branded clothes shop called "ZOZOUSED". The PayPay Mall division is an online shopping mall where ZOZOTOWN can also be accessed and its products being sold. The PB division is a business form that sells in-house planned apparel products that match the individual body shape of the user. The MSP division performs production of some of the shop products requested by users and sell products within ZOZOTOWN. The BtoB division manages the sale, system development, design, production, logistics contractor, and marketing support of the EC (electronic commerce) sites. The Advertising division provides the fashion co-ordination services site called "Wear". The Others division covers the incidentals of ZOZOTOWN business. The company was founded by Yusaku Maezawa on May 21, 1998 and is headquartered in Chiba, Japan.

Financial Highlights

Mar 2022 JPYUSD
Gross Profit153,792M1,368.58M
Operating income49,657M441.89M
Income before tax49,286M438.59M
Net income34,493M306.95M
Diluted EPS115.011.02
Dividends Per Share580.51
Total Assets127,820M1,053.09M
Total liabilities72,719M599.12M
Total equity54,955M452.77M
Operating cash flow39,895M355.02M
Currency in JPYCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 98,411M 118,419M 125,502M 147,370M 166,199M
Gross Profit 89,164M 102,967M 111,233M 137,606M 153,792M
Operating income 32,671M 25,654M 27,890M 44,143M 49,657M
Income before tax 28,420M 22,501M 26,113M 43,665M 49,286M
Net income 20,156M 15,985M 18,804M 30,932M 34,493M
EBITDA 33,972M 27,665M 30,379M 46,569M 52,038M
Diluted EPS 64.67 52.20 61.59 101.30 115.01
Dividends Per Share 29 24 30 41 58
Total Assets 70,853M 79,208M 94,186M 125,656M 127,820M
Total liabilities 30,041M 56,550M 59,649M 70,146M 72,719M
Total equity 40,810M 22,656M 34,534M 55,437M 54,955M
Operating cash flow 19,882M 14,807M 24,789M 44,790M 39,895M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 887.92M 1,067.85M 1,154.29M 1,389.53M 1,478.99M
Gross Profit 804.49M 928.51M 1,023.06M 1,297.46M 1,368.58M
Operating income 294.77M 231.33M 256.51M 416.21M 441.89M
Income before tax 256.42M 202.90M 240.17M 411.71M 438.59M
Net income 181.86M 144.14M 172.94M 291.65M 306.95M
EBITDA 306.51M 249.47M 279.40M 439.09M 463.08M
Diluted EPS 0.58 0.47 0.56 0.95 1.02
Dividends Per Share 0.26 0.21 0.27 0.38 0.51
Total Assets 666.22M 715.61M 872.45M 1,137.15M 1,053.09M
Total liabilities 282.47M 510.90M 552.53M 634.80M 599.12M
Total equity 383.73M 204.68M 319.89M 501.69M 452.77M
Operating cash flow 179.38M 133.52M 227.99M 422.31M 355.02M

Valuation Measures

Mar 2022
Operating margin29.87%
Profit margin20.75%

Key executives

  • President, CEO & Representative Director: Kotaro Sawada
  • Chief Operating Officer & Director: Fuminori Hirose
  • Chief Financial Officer, Director & Vice President: Koji Yanagisawa
  • Executive Officer & Head-Human Resources: Toshiaki Shimizu
  • Executive Officer & General Manager-Marketing: Takao Yamazaki


  • Z Holdings Corp. (49.0%)
  • ZOZO, Inc. (3.7%)
  • Nomura Asset Management Co., Ltd. (1.4%)
  • Massachusetts Financial Services Co. (1.3%)
  • Orbis Investment Management Ltd. (1.0%)
  • AllianceBernstein LP (0.9%)
  • The Vanguard Group, Inc. (0.9%)
  • JPMorgan Asset Management (Japan) Ltd. (0.7%)
  • BlackRock Fund Advisors (0.7%)

Contact Details

  • Website:
  • Address: 1-15-16 Midori-cho, Inage-Ku, Chiba, 263-0023, Japan
  • Phone: +

Related Companies

  • Shanghai ZOZO Co., Ltd.
  • ZOZO New Zealand Ltd.
  • ZOZO Apparel USA, Inc.
  • ZOZO Germany GmbH
  • ZOZO Restricted Stock Compensation Plan
  • Bespokify Pte Ltd.
  • Colorcle, Inc.
  • ZOZOTOWN Hongkong Co. Ltd.
  • VASILY, Inc.
  • Bracket, Inc.
  • Crown Jewel, Inc.
  • Start Today Consulting Co., Ltd.
  • Yappa Corp.


    Last Updated on 24 Mar, 2023

    Discover the all new Nikkei Asia app

    • Take your reading anywhere with offline reading functions
    • Never miss a story with breaking news alerts
    • Customize your reading experience

    Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

    Celebrate our next chapter
    Free access for everyone - Sep. 30

    Find out more