July 30, 2020
Dear All,
Notice concerning announcement of consolidated business forecast and
dividends forecast for fiscal year ending March 31, 2021
In the "Consolidated Financial Results for the Fiscal Year Ended March 31, 2020 [JGAAP]", which was announced on April 28, 2020, ZOZO, Inc. (hereinafter, referred to as the "Company") announced that the consolidated business forecast for the fiscal year ending March 31, 2021 is yet-to-be determined. The Company is now announcing the consolidated business forecast and dividends forecast for the fiscal year ending March 31, 2021 as follows.
1. Consolidated business forecast for the fiscal year ending March 31, 2020 (April 1, 2020 to March 31, 2021)
Profit attributable | Per share | |||||||||||||||
Net sales | Operating profit | Ordinary profit | to owners of | |||||||||||||
Net Profit | ||||||||||||||||
parent | ||||||||||||||||
Previous forecast (A) | Million yen | Million yen | Million yen | Million yen | Yen | |||||||||||
― | ― | ― | ― | ― | ||||||||||||
Forecast announced today (B) | 143,700 | 39,500 | 39,500 | 27,600 | 90.40 yen | |||||||||||
Variance in amount | ― | ― | ― | ― | ― | |||||||||||
(B-A) | ||||||||||||||||
Variance in percentage (%) | ― | ― | ― | ― | ― | |||||||||||
(Ref.) Results for the previous | ||||||||||||||||
fiscal year | 125,517 | 27,888 | 27,644 | 18,056 | 61.60 yen | |||||||||||
(FYE March 31, 2020) |
(Reason for disclosure)
The business forecast for the fiscal year ending March 31,2021 has been yet-to-be determined because it was difficult to calculate appropriately and reasonably the impact of the spread of COVID-19 on our business. However, the Company is announcing the business forecast based on the information available at this time and the forecast.
The above projections do not assume a large-scale slowdown in consumption activity caused by the relapse of COVID-19. Actual results may differ materially depending on future trends.
(Reference) | ||||||
[TABLE 1] Consolidated business forecast | (Unit: million yen) | |||||
Previous consolidated | Current consolidated | |||||
fiscal year | fiscal year | YoY | ||||
(April 1, 2019 to March 31, 2020) | (April 1, 2020 to March 31, 2021) | |||||
Gross merchandise value | 345,085 | (100.0%) | 387,300 | (100.0%) | 12.2% | |
Net sales | 125,517 | (36.4%) | 143,700 | (37.1%) | 14.5% | |
Operating profit | 27,888 | (8.1%) | 39,500 | (10.2%) | 41.6% | |
Ordinary profit | 27,644 | (8.0%) | 39,500 | (10.2%) | 42.9% | |
Profit attributable to owners of parent | 18,056 | (5.2%) | 27,600 | (7.1%) | 46.8% | |
Figures in parentheses are percentages to the gross merchandise value.
[TABLE 2] Merchandise value plan by the Company by business segment
Previous consolidated fiscal year | Current consolidated fiscal year | ||||
Business segment | (April 1, 2019 to March 31, 2020) | (April 1, 2020 to March 31, 2021) | YoY | ||
Merchandise value | Ratio | Merchandise value | Ratio | (%) | |
(million yen) | (%) | (million yen) | (%) | ||
Consignment shop | 308,888 | 89.4 | 331,000 | 85.4 | 7.2 |
Purchased stock shop | 204 | 0.1 | - | - | - |
ZOZOUSED | 15,753 | 4.6 | 14,900 | 3.8 | -5.4 |
PayPay Mall | 6,199 | 1.8 | 20,000 | 5.2 | 222.6 |
PB business | 1,255 | 0.4 | 200 | 0.1 | -84.1 |
MSP business | 752 | 0.2 | 1,200 | 0.3 | 59.6 |
B2B business | 12,032 | 3.5 | 20,000 | 5.2 | 66.2 |
Total | 345,085 | 100.0 | 387,300 | 100.0 | 12.2 |
2. Dividends forecast for the fiscal year ending March 31, 2021
Annual dividends | |||||||
End of Q2 | Year-end | Total | |||||
Previous forecast | Yen | Yen | Yen | ||||
― | ― | ― | |||||
Forecast announced today | 15.00 yen | 22.00 yen | 37.00 yen | ||||
(Ref.) Results for the previous | |||||||
fiscal year | 12.00 yen | 18.00 yen | 30.00 yen | ||||
(FYE March 31, 2020) | |||||||
(Reasons for Dividend Forecast)
In line with the announcement of the consolidated business forecast for the fiscal year ending March 31, 2021, the Company announces the dividends forecast as above.
The Company has the basic policy of deliberating and implementing profit return by balancing internal reserve through comprehensive consideration of business performance, financial status, future plans of business and investment. Specifically, the Company sets a consolidated payout ratio target of approximately 40%. For the fiscal year ending March 31, 2021, the Company plans to pay 37 yen per share as full year dividends (15 yen for the interim dividends).
(NOTE) Forecast figures in this document are based on judgments from information available as of the date of the announcement of this document. Actual results may differ from these forecasts due to various uncertainties.
DISCLAIMER:
This document is summary translation of Japanese version. All readers are recommended to refer the original Japanese version for complete information. In the event of any discrepancy, errors and/or omissions, the Japanese version shall prevail.
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Start Today Co. Ltd. published this content on 30 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 July 2020 06:05:26 UTC