Financial Trend

Revenue (Fiscal Year)

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(Millions of yen) FY2016 FY2017 FY2018 FY2019
Revenue 853,730 897,185 954,714 1,052,943
Commerce Business - 592,082 649,632 742,732
Media Business - 290,591 303,472 308,673
Others - 23,327 9,908 8,004
Adjustments - -8,815 -8,299 -6,466

(Millions of yen)

  • Revenue
    • FY2016 : 853,730
    • FY2017 : 897,185
    • FY2018 : 954,714
    • FY2019 : 1,052,943
  • Commerce Business
    • FY2016 : -
    • FY2017 : 592,082
    • FY2018 : 649,632
    • FY2019 : 742,732
  • Media Business
    • FY2016 : -
    • FY2017 : 290,591
    • FY2018 : 303,472
    • FY2019 : 308,673
  • Others
    • FY2016 : -
    • FY2017 : 23,327
    • FY2018 : 9,908
    • FY2019 : 8,004
  • Adjustments
    • FY2016 : -
    • FY2017 : -8,815
    • FY2018 : -8,299
    • FY2019 : -6,466

Profits (Fiscal Year)

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(Millions of yen) FY2016 FY2017 FY2018 FY2019
Operating Income 192,049 185,810 140,528 152,276
Income before Income Taxes 193,475 193,177 123,370 135,676
Net Income Attributable to Owners of the Parent 136,589 131,153 78,677 81,675

(Millions of yen)

  • Operating Income
    • FY2016 : 192,049
    • FY2017 : 185,810
    • FY2018 : 140,528
    • FY2019 : 152,276
  • Income before Income Taxes
    • FY2016 : 193,475
    • FY2017 : 193,177
    • FY2018 : 123,370
    • FY2019 : 135,676
  • Net Income Attributable to Owners of the Parent
    • FY2016 : 136,589
    • FY2017 : 131,153
    • FY2018 : 78,677
    • FY2019 : 81,675

Profit Margins (Fiscal Year)

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(%) FY2016 FY2017 FY2018 FY2019
Operating Margin 22.5% 20.7% 14.7% 14.5%
Ratio of Income before Income Taxes to Revenue 22.7% 21.5% 12.9% 12.9%
Ratio of Net Income Attributable to Owners of the Parent to Revenue 16.0% 14.6% 8.2% 7.8%

(%)

  • Operating Margin
    • FY2016 : 22.5%
    • FY2017 : 20.7%
    • FY2018 : 14.7%
    • FY2019 : 14.5%
  • Ratio of Income before Income Taxes to Revenue
    • FY2016 : 22.7%
    • FY2017 : 21.5%
    • FY2018 : 12.9%
    • FY2019 : 12.9%
  • Ratio of Net Income Attributable to Owners of the Parent to Revenue
    • FY2016 : 16.0%
    • FY2017 : 14.6%
    • FY2018 : 8.2%
    • FY2019 : 7.8%

Total Assets and Total Net Assets (Fiscal Year Ends)

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(Millions of yen) FY2016 FY2017 FY2018 FY2019
Total Assets 1,534,212 2,516,633 2,429,601 3,933,910
Total Equity Attributable to Owners of the Parent 930,820 1,013,368 818,291 771,548

(Millions of yen)

  • Total Assets
    • FY2016 : 1,534,212
    • FY2017 : 2,516,633
    • FY2018 : 2,429,601
    • FY2019 : 3,933,910
  • Total Equity Attributable to Owners of the Parent
    • FY2016 : 930,820
    • FY2017 : 1,013,368
    • FY2018 : 818,291
    • FY2019 : 771,548

Cash Flows (Fiscal Year)

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(Millions of yen) FY2016 FY2017 FY2018 FY2019
Cash Flows from Operating Activities 127,023 75,457 149,957 243,278
Cash Flows from Investing Activities -57,407 232,556 -212,193 -503,034
Cash Flows from Financing Activities 23,996 21,289 -263,305 593,410
Total Cash Flows 93,902 325,257 -321,540 333,316

(Millions of yen)

  • Cash Flows from Operating Activities
    • FY2016 : 127,023
    • FY2017 : 75,457
    • FY2018 : 149,957
    • FY2019 : 243,278
  • Cash Flows from Investing Activities
    • FY2016 : -57,407
    • FY2017 : 232,556
    • FY2018 : -212,193
    • FY2019 : -503,034
  • Cash Flows from Financing Activities
    • FY2016 : 23,996
    • FY2017 : 21,289
    • FY2018 : -263,305
    • FY2019 : 593,410
  • Total Cash Flows
    • FY2016 : 93,902
    • FY2017 : 325,257
    • FY2018 : -321,540
    • FY2019 : 333,316
  • ・Adjustments figures represent inter-segment transaction and general corporate expenses not belonging to any reporting segment.
  • ・The group has made The Japan Net Bank, Limited its consolidated subsidiary on February 1, 2018.
  • ・Reporting segments for some services have been changed from FY2018-1Q (2018/4-6). The main change is the transfer of GYAO Corporation and video-related services, etc., from “Commerce Business” to “Media Business”. Prior data and comparative figures have been adjusted to the current segments retroactively.
  • ・In accordance with the change in accounting policy, part of the payment fees which was recorded as cost of sales, etc. has been deducted from revenue from FY2018-1Q (2018/4-6). Prior data and comparative figures have not been retroactively adjusted.
  • ・ZOZO, Inc. became a consolidated subsidiary on November 13, 2019. The financial results of ZOZO, Inc. have been consolidated from November 2019.
  • ・In FY2017-1Q (2017/4-6), insurance proceeds of \4.9 billion as a result of the fire incident at the logistics center of ASKUL Corporation is recorded in "Other Income and Expenses" in "Commerce Bussiness".
  • ・In FY2017-3Q (2017/10-12), gain on ASKUL Corporation's sales of property and equipment of \3.5 billion is recorded in "Other Income and Expenses" in "Commerce Bussiness".
  • ・In FY2017-4Q (2018/1-3), gain on forgiveness of debt of \1.7 billion as a result of the fire incident at the logistics center of ASKUL Corporation is recorded in "Other Income and Expenses" in "Commerce Bussiness".
  • ・In FY2018-1Q (2018/4-6), gain in sales of shares of IDC Frontier Inc. of \7.9 billion is included in “Other Income and Expenses” in “Others”.
  • ・In FY2018-4Q (2019/1-3), impairment loss of \3.6 billion related to the property and equipment and intangible assets of ASKUL Corporation’s logistic center (AVC Hidaka) is recorded in “Other Income and Expenses” in “Commerce Business”.
  • ・In FY2018-4Q (2019/1-3), impairment loss of \2.3 billion related to Synergy Marketing, Inc.’s intangible assets is recorded in “Other Income and Expenses” in “Media Business”.
  • ・In FY2019-1Q, gain on change in equity of PayPay Corporation of ¥10.8 billion is recorded in “Other Non-Operating Income and Expenses”.

Revenue (Quarterly)

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(Millions of yen) '19/1-3 4-6 7-9 10-12 '20/1-3
Revenue 247,123 238,634 245,510 275,469 293,329
Commerce Business 167,173 165,826 169,645 197,246 210,015
Media Business 79,841 72,254 75,525 77,634 83,258
Others 2,190 2,197 1,887 2,145 1,773
Adjustments -2,081 -1,642 -1,547 -1,557 -1,718

(Millions of yen)

  • Revenue
    • '19/1-3 : 247,123
    • 4-6 : 238,634
    • 7-9 : 245,510
    • 10-12 : 275,469
    • '20/1-3 : 293,329
  • Commerce Business
    • '19/1-3 : 167,173
    • 4-6 : 165,826
    • 7-9 : 169,645
    • 10-12 : 197,246
    • '20/1-3 : 210,015
  • Media Business
    • '19/1-3 : 79,841
    • 4-6 : 72,254
    • 7-9 : 75,525
    • 10-12 : 77,634
    • '20/1-3 : 83,258
  • Others
    • '19/1-3 : 2,190
    • 4-6 : 2,197
    • 7-9 : 1,887
    • 10-12 : 2,145
    • '20/1-3 : 1,773
  • Adjustments
    • '19/1-3 : -2,081
    • 4-6 : -1,642
    • 7-9 : -1,547
    • 10-12 : -1,557
    • '20/1-3 : -1,718

Profits (Quarterly)

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(Millions of yen) '19/1-3 4-6 7-9 10-12 '20/1-3
Operating Income 20,849 36,164 39,496 47,881 28,733
Income before Income Taxes 13,127 41,360 34,226 40,424 19,664
Net Income Attributable to Owners of the Parent 8,505 27,379 23,798 23,878 6,618

(Millions of yen)

  • Operating Income
    • '19/1-3 : 20,849
    • 4-6 : 36,164
    • 7-9 : 39,496
    • 10-12 : 47,881
    • '20/1-3 : 28,733
  • Income before Income Taxes
    • '19/1-3 : 13,127
    • 4-6 : 41,360
    • 7-9 : 34,226
    • 10-12 : 40,424
    • '20/1-3 : 19,664
  • Net Income Attributable to Owners of the Parent
    • '19/1-3 : 8,505
    • 4-6 : 27,379
    • 7-9 : 23,798
    • 10-12 : 23,878
    • '20/1-3 : 6,618

Profit Margins (Quarterly)

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(%) '19/1-3 4-6 7-9 10-12 '20/1-3
Operating Margin 8.4% 15.2% 16.1% 17.4% 9.8%
Ratio of Income before Income Taxes to Revenue 5.3% 17.3% 13.9% 14.7% 6.7%
Ratio of Net Income Attributable to Owners of the Parent to Revenue 3.4% 11.5% 9.7% 8.7% 2.3%

(%)

  • Operating Margin
    • '19/1-3 : 8.4%
    • 4-6 : 15.2%
    • 7-9 : 16.1%
    • 10-12 : 17.4%
    • '20/1-3 : 9.8%
  • Ratio of Income before Income Taxes to Revenue
    • '19/1-3 : 5.3%
    • 4-6 : 17.3%
    • 7-9 : 13.9%
    • 10-12 : 14.7%
    • '20/1-3 : 6.7%
  • Ratio of Net Income Attributable to Owners of the Parent to Revenue
    • '19/1-3 : 3.4%
    • 4-6 : 11.5%
    • 7-9 : 9.7%
    • 10-12 : 8.7%
    • '20/1-3 : 2.3%

Total Assets and Total Net Assets (Quarter Ends)

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(Millions of yen) '19/1-3 4-6 7-9 10-12 '20/1-3
Total Assets 2,429,601 2,586,450 2,795,895 3,927,177 3,933,910
Total Equity Attributable to Owners of the Parent 818,291 725,276 749,171 773,044 771,548

(Millions of yen)

  • Total Assets
    • '19/1-3 : 2,429,601
    • 4-6 : 2,586,450
    • 7-9 : 2,795,895
    • 10-12 : 3,927,177
    • '20/1-3 : 3,933,910
  • Total Equity Attributable to Owners of the Parent
    • '19/1-3 : 818,291
    • 4-6 : 725,276
    • 7-9 : 749,171
    • 10-12 : 773,044
    • '20/1-3 : 771,548

Cash Flows (Quarterly)

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(Millions of yen) '19/1-3 4-6 7-9 10-12 '19/1-3
Cash Flows from Operating Activities 66,941 -2,848 49,431 -3,832 200,527
Cash Flows from Investing Activities -69,993 -24,256 -15,913 -417,132 -45,731
Cash Flows from Financing Activities 1,499 45,845 144,693 407,413 -4,542
Total Cash Flows -1,539 18,342 178,223 -13,376 150,126

(Millions of yen)

  • Cash Flows from Operating Activities
    • '19/1-3 : 66,941
    • 4-6 : -2,848
    • 7-9 : 49,431
    • 10-12 : -3,832
    • '19/1-3 : 200,527
  • Cash Flows from Investing Activities
    • '19/1-3 : -69,993
    • 4-6 : -24,256
    • 7-9 : -15,913
    • 10-12 : -417,132
    • '20/1-3 : -45,731
  • Cash Flows from Financing Activities
    • '19/1-3 : 1,499
    • 4-6 : 45,845
    • 7-9 : 144,693
    • 10-12 : 407,413
    • '20/1-3 : -4,542
  • Total Cash Flows
    • '19/1-3 : -1,539
    • 4-6 : 18,342
    • 7-9 : 178,223
    • 10-12 : -13,376
    • '20/1-3 : 150,126
  • ・Adjustments figures represent inter-segment transaction and general corporate expenses not belonging to any reporting segment.
  • ・As for the breakdown of the inner classifications of business segments (Advertising, Business Services, Personal Services, Others), please refer to “Business Segment Breakdown” described in the supplemental information of the Earnings Slides.
  • ・ZOZO, Inc. became a consolidated subsidiary on November 13, 2019. The financial results of ZOZO, Inc. have been consolidated from November 2019.
  • ・In FY2018-1Q, gain in sales of shares of IDC Frontier Inc. of ¥7.9 billion is included in “Other Income and Expenses” in “Others”.
  • ・In FY2018-4Q, impairment loss of ¥3.6 billion related to the property and equipment and intangible assets of ASKUL Corporation’s logistic center (AVC Hidaka) is recorded in “Other Income and Expenses” in “Commerce Business”.
  • ・In FY2018-4Q, impairment loss of ¥2.3 billion related to Synergy Marketing, Inc.’s intangible assets is recorded in “Other Income and Expenses” in “Media Business”.
  • ・In FY2019-1Q, gain on change in equity of PayPay Corporation of ¥10.8 billion is recorded in “Other Non-Operating Income and Expenses”.