Earnings quality
Compare earnings and operating cash flow for earnings quality.
ZOZO, Inc.
Ticker 3092 · 🇯🇵 Japan · Consolidated IFRS · amounts in yen
Filed 2026-06-08 · Period end 2026-03-31
Takeaway
Worth trackingSales and operating profit both moved in a healthier direction.
operating margin is 30.4%.
Sales and operating profit moved together — keep watching margins and whether the trend persists next period.
ActionWorth tracking
OP margin30.4%
Equity ratio—
Last price—
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
株式会社ＺＯＺＯ is a Japanese listed company with financial statements filed on EDINET. A detailed English business summary was not auto-extracted from this filing.
Compare trends
No phone/email found in this filing · Filing date 2026-06-08
Financial statements
Income statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Revenue | ¥213.1B | ¥228.4B |
| Cost of sales* | ¥14.8B | ¥15.4B |
| Gross profit | ¥198.3B | ¥213.0B |
| Operating profit (loss) | ¥64.8B | ¥69.4B |
| Finance income | — | — |
| Finance costs | — | — |
| Income tax expense | ¥19.4B | ¥20.6B |
| Profit (loss) | ¥45.3B | ¥47.9B |
| Profit (loss) attributable to owners | ¥45.3B | ¥47.9B |
| Basic EPS (¥) | — | — |
Balance sheet
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash and cash equivalents | ¥91.5B | ¥69.4B |
| Current assets | ¥147.4B | ¥130.3B |
| Non-current assets | ¥40.4B | ¥67.9B |
| Total assets | ¥187.8B | ¥198.3B |
| Short-term borrowings | ¥20.0B | ¥20.0B |
| Current liabilities | ¥79.8B | ¥80.7B |
| Non-current liabilities* | ¥9.3B | ¥10.8B |
| Total liabilities | ¥89.1B | ¥91.5B |
| Equity attributable to owners | — | — |
| Total equity | — | — |
Cash flow statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash flows from operating activities | ¥60.1B | ¥52.5B |
| Cash flows from investing activities | — | — |
| Cash flows from financing activities | -¥32.1B | -¥45.8B |
| Net increase (decrease) in cash | ¥21.7B | -¥22.1B |
| Cash at end of period | ¥91.5B | ¥69.4B |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Revenue | ¥166.2B | ¥183.4B | ¥197.0B | ¥213.1B | ¥228.4B | |
| Operating profit | ¥49.7B | ¥56.7B | ¥59.8B | ¥64.9B | ¥69.3B | |
| Profit to owners | — | — | — | ¥45.3B | ¥47.9B | |
| Total assets | ¥127.3B | ¥155.7B | ¥161.9B | ¥187.8B | ¥198.3B | |
| Cash & equivalents | — | — | ¥69.7B | ¥91.5B | ¥69.4B | |
| Owners’ equity | ¥55.1B | ¥76.7B | ¥84.7B | ¥98.7B | ¥106.8B |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Constructive
Sales and operating profit both moved in a healthier direction.
On the income statement, revenue moved from ¥213.1B to ¥228.4B (▲ +7.2%), so the top line did not break. Gross profit only slipped from ¥198.3B to ¥213.0B, while operating profit swung from ¥64.8B to ¥69.4B — the damage is concentrated below gross profit.
Cash tells a different story than earnings. Operating cash flow was still ¥52.5B (prior ¥60.1B), and cash on the balance sheet rose to ¥69.4B from ¥91.5B. When profits collapse but operating cash stays positive, read the notes for impairments and other non-cash charges before assuming the business stopped generating cash.
The balance sheet got heavier on leverage. Total liabilities rose to ¥91.5B while owners’ equity fell to —. ROE moved from 49.4% to 46.6%, and the equity ratio from 52.6% to 53.9%. Employee count is 1,894 vs 1,761 a year earlier.
Liquidity & leverage
Short-term borrowing levels look more stable year over year.
Capital buffer
Capital structure held relatively steady.
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Source: EDINET S100Y951
(株式会社ＺＯＺＯ), period end 2026-03-31.