Overview
Retail Trade

ZOZO,Inc.

ZOZO operates Japan's largest fashion e-commerce platform, ZOZOTOWN, offering a multi-brand online marketplace through consignment sales, outright purchasing, and secondhand (USED) resale models. The company also runs WEAR by ZOZO, a fashion media and styling platform, and provides BtoB fulfillment services including EC system development, logistics outsourcing, and marketing support for apparel brands. Additional revenue streams include advertising on its platforms, LINEYahoo Commerce integration, and proprietary services such as ZOZOMETRY (body measurement for businesses) and the OMO platform ZOZOMO.

Market Cap
¥1,112B
US$7.09B
EV
¥1,093B
US$6.97B
Stock¥1,260.5▲+2.60%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
14.0
x
LTM EV/EBIT
15.5
x
LTM PER
22.9
x
LTM PBR
11.3
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-27.3%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Feb 2, 26Decline following Q3 results (guidance miss) announced Jan 30
MC → EV Bridge
1,112BUS$7.09BMarket Cap20.1BUS$128M+ Debt37.2BUS$237M− Cash1.01BUS$6.44M− Inv. Sec.1,093BUS$6.97BEV
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Performance & Balance
Revenue 5Y (¥B)
166US$1.06B'22/3183US$1.17B'23/3197US$1.26B'24/3213US$1.36B'25/3228US$1.46B'26/3
EBITDA 5Y (¥B)
51.6US$329M'22/358.5US$373M'23/363.6US$405M'24/369.2US$442M'25/374.7US$476M'26/3
Net Income 5Y (¥B)
34.5US$220M'22/339.5US$252M'23/344.3US$283M'24/345.3US$289M'25/347.9US$306M'26/3
Capital Structure
83%
EquityD/E 0.20xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
66.5US$424M20.2US$129M'22/370.2US$448M20.4US$130M'23/365.9US$420M20.0US$128M'24/392.4US$589M20.0US$128M'25/370.4US$449M20.0US$128M'26/3
Shareholders
Top 10 hold 77.6%
1
Z Holdings Intermediate Corporation
51.89%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
12.09%
3
Custody Bank of Japan, Ltd. (Trust Account)
4.70%
4
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd., Settlement Operations Department)
1.83%
5
JPMorgan Securities Japan Co., Ltd.
1.76%
6
STATE STREET BANK AND TRUST COMPANY 505103 (Standing Proxy: Mizuho Bank, Ltd., Settlement Operations Department)
1.42%
7
Yusaku MAEZAWA
1.35%
8
THE CHASE MANHATTAN BANK, N.A. LONDON SECS LENDING OMNIBUS ACCOUNT (Standing Proxy: Mizuho Bank, Ltd., Settlement Operations Department)
0.93%
9
BNYM SA/NV FOR BNYM FOR BNYM GCM CLIENT ACCTS M ILM FE (Standing Proxy: MUFG Bank, Ltd.)
0.80%
10
RBC IST 15 PCT NON LENDING ACCOUNT - CLIENT ACCOUNT (Standing Proxy: Citibank, N.A., Tokyo Branch)
0.78%
Management
11 officers
Kotaro SAWADA
Representative Director, President and CEO
Apr 1994 Joined NTT DATA Corporation Apr 1998 Joined NTT DATA Institute of Management Consulting, Inc. Jun 2005 Joined Skylight Consulting Inc. May 2008 Representative Director, START TODAY CONSULTING Co., Ltd. Jun 2013 Director, the Company Apr 2017 In charge of Marketing Division, the Company May 2019 In charge of ZOZOTOWN Business, the Company Sep 2019 Representative Director, President and CEO, the Company (current) Aug 2022 Representative Director and CEO, ZOZO NEXT Inc. (current)
1970-12-15
Takamune YANAGISAWA
Director, Vice President and CFO
Apr 1995 Joined Fuji Bank, Ltd. (now Mizuho Bank, Ltd.) May 1999 Joined NTT DATA Institute of Management Consulting, Inc. May 2005 Joined Mizuho Securities Co., Ltd. Feb 2006 Full-time Audit & Supervisory Board Member, the Company Jun 2008 Director and General Manager of Corporate Management Division, the Company Apr 2009 Director and CFO, the Company Dec 2015 Outside Director, GREE, Inc. Apr 2017 Director, Vice President and CFO, the Company (current) Apr 2022 Chairman, ZOZO Apparel USA, Inc. (current) Aug 2022 Director, ZOZO NEW ZEALAND LIMITED (current) Apr 2025 Director, ZOZO U.K. LIMITED (current) Apr 2025 Director, LYST LTD (current)
1971-05-19
Fumichika HIROSE
Director and COO
Apr 2001 Joined Dai-Ichi Kangyo Bank, Ltd. (now Mizuho Bank, Ltd.) Aug 2005 Joined Nikko Cordial Securities Inc. (now SMBC Nikko Securities Inc.) May 2007 Head of Internal Audit Office, the Company Aug 2010 General Manager of Corporate Management Division, the Company Apr 2012 General Manager of EC Business Division, the Company Jul 2017 General Manager of Corporate Management Division, the Company May 2019 Executive Officer and General Manager of Corporate Management Division, the Company Jul 2019 Outside Audit & Supervisory Board Member, COCOPELI, Inc. Jul 2020 Executive Officer and General Manager of EC Business Division, the Company; Executive Officer, MSP Business Division, the Company Sep 2020 Director, yutori Inc. Feb 2021 Executive Officer, Category Promotion Division, the Company Jun 2021 Director and COO, the Company (current) Dec 2023 Outside Director, HUPRO Co., Ltd. (current) Aug 2025 Chairman and General Manager, Nantong Zhuoteng Information Technology Co., Ltd. (current)
1977-08-17
Makoto HIDE
Director
Mar 2002 Joined Yahoo Japan Corporation (now LINE Yahoo Corporation) Apr 2018 Executive Officer and Head of Business Promotion Office, Commerce Company, Yahoo Japan Corporation Mar 2021 Director, Ikyu Corporation Apr 2022 Managing Executive Officer, Head of CEO Business Promotion Office, and Head of Commerce Group, Yahoo Japan Corporation (now LINE Yahoo Corporation) Aug 2023 Chairman of the Board, Ikyu Corporation (current) Oct 2023 Senior Executive Officer, Commerce Domain Lead, LINE Yahoo Corporation (current) Jun 2024 Director, the Company (current) Aug 2025 Outside Director, ASKUL Corporation (current) Sep 2025 Director, BEENOS Inc. (current)
1979-01-23
Yuko NAGATA
Director
Apr 2003 Joined NTT Facilities, Inc., Sales Promotion Section, Corporate Planning Department May 2004 Joined Y-knot Inc. (later merged into Rakuten, Inc.) Jun 2005 Business Head, Gift Service Business, Rakuten, Inc. May 2011 e-business Manager, Professional Production Division, L'Oréal Japan, Inc. Apr 2018 Joined CEO Business Promotion Office, Yahoo Japan Corporation (now LINE Yahoo Corporation) Apr 2022 Executive Officer, Co-CEO Business Promotion Division and General Manager, Z Holdings Corporation (now LINE Yahoo Corporation) Apr 2023 Executive Officer and General Manager of Marketing Division, Yahoo Japan Corporation (now LINE Yahoo Corporation) Jun 2023 Director, the Company (current) Apr 2026 Executive Officer and Commerce Cross-Functional Marketing SBU Lead, LINE Yahoo Corporation (current)
1978-11-22
Taro SAITO
Director
Apr 1995 Joined Dentsu Inc. May 2005 Established dof Inc., Director Jun 2009 Representative Director, dof Inc. (current) Jun 2019 Outside Director, Force Startups Inc. (current) Jun 2020 Director, the Company (current)
1972-11-24
Takako KANSAI
Director
Apr 2001 Joined Nikkei Business Publications, Inc. Sep 2004 Joined KBMJ Inc. (now Appirits Inc.) Aug 2008 Joined UserLocal Inc. Sep 2012 Established Zaim Inc. (now Kufu Company Inc.), Representative Director Nov 2018 Director, Da Vinci Studio Inc. (now Kufu Company Inc.) May 2023 Representative Executive Officer, Kufu Company Inc. (now Kufu Company Holdings Inc.) Jun 2023 Director, the Company (current) Jul 2023 Representative Director, Kufu AI Studio Inc. (now Kufu Company Inc.) Dec 2024 Chief Strategy Officer (CSO), Kufu Company Holdings Inc. (current) Jan 2026 Representative Director, FUSHIGI Inc. (current)
1979-04-01
Takuya OIKAWA
Director
Apr 1988 Joined Nihon Digital Equipment Corporation Oct 1997 Joined Microsoft Japan Co., Ltd. (now Nippon Microsoft Co., Ltd.) Oct 2006 Joined Google Japan G.K. (now Google LLC) Oct 2015 Joined Increments Inc. (now Qiita Inc.) Jan 2019 Established Tably Inc., Representative Director (current) Jun 2024 Director, the Company (current)
1965-08-28
Hiroko IGARASHI
Director, Audit and Supervisory Committee Member
Nov 1992 Joined Inoue Saito Eiwa & Co. (now Azusa Audit LLC) Nov 1997 Registered as Certified Public Accountant Sep 1999 Joined Internet Research Institute, Inc. Oct 2011 Transferred to Broadband Tower, Inc., Head of Accounting Group Jun 2019 Full-time Audit & Supervisory Board Member, the Company Jun 2023 Director, Audit and Supervisory Committee Member, the Company (current)
1965-07-07
Junko UTSUNOMIYA
Director, Audit and Supervisory Committee Member
Apr 2000 Registered as attorney; joined Nagashima Ohno & Tsunematsu Oct 2007 Seconded to Tokyo Stock Exchange, Inc. Nov 2011 Established Utsunomiya Sogo Law Office (now Utsunomiya, Shimizu & Yoraku Law Office), Representative (current) Jun 2012 Audit & Supervisory Board Member, the Company Apr 2013 Visiting Professor (International Business Law), Hosei University Law School Apr 2013 Outside Audit & Supervisory Board Member, Solasto Corporation Sep 2013 Outside Director, Adventure Inc. Dec 2015 Established Utsunomiya, Shimizu Law Office Feb 2018 Established Utsunomiya, Shimizu & Yoraku Law Office; Representative Attorney (current) Jun 2020 Outside Director, Heiwa Real Estate Co., Ltd. (current) Mar 2021 Outside Director, Audit and Supervisory Committee Member, PeptiDream Inc. (current) Jun 2023 Director, Audit and Supervisory Committee Member, the Company (current)
1971-06-21
Kumiko NISHIYAMA
Director, Audit and Supervisory Committee Member
Apr 1987 Joined Fukuda Law Office Oct 1992 Joined Inoue Saito Eiwa & Co. (now Azusa Audit LLC) Apr 1998 Registered as Certified Public Accountant Apr 1998 Joined Chuo Aoyama Audit Corporation Jul 2004 Seconded to Chuo Aoyama Sustainability Certification Organization, Inc. Jul 2006 Director, Chuo Aoyama Sustainability Certification Organization, Inc. Jul 2007 Joined Arata Audit Corporation (now PwC Japan LLC); seconded to Arata Sustainability Certification Organization, Inc. Oct 2012 Joined Shin Nihon LLC (now EY Shin Nihon LLC) May 2023 Opened Nishiyama CPA Office, Head (current) Jun 2023 Director, Audit and Supervisory Committee Member, the Company (current)
1964-03-10
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-31
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-08
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-12
Q3 Earnings Flash
FY ending Mar 2026
TDnet
2026-01-30
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Sep 2025
TDnetAmended
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
TDnet
2025-07-31
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-13
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-12
Q3 Earnings Flash
FY ending Mar 2025
TDnet
2025-01-31
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
TDnet
2024-07-31
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-14
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-14
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-14
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINETAmended
2022-12-22
Amended Quarterly Securities Report
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-15
Quarterly Securities Report
EDINET
2022-06-14
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-13
Quarterly Securities Report
EDINETAmended
2021-07-15
Amended Annual Securities Report
EDINET
2021-06-14
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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