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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) '19/4-6 7-9 10-12 '20/1-3 4-6
Revenue 238,634 245,510 275,469 293,329 273,879
Commerce Business 165,187 169,060 196,625 209,339 205,867
Media Business 72,811 76,047 78,191 83,880 67,502
Others 2,197 1,887 2,145 1,773 1,784
Adjustments -1,562 -1,485 -1,493 -1,664 -1,274

(Millions of yen)

  • Revenue
    • '19/4-6 : 238,634
    • 7-9 : 245,510
    • 10-12 : 275,469
    • '20/1-3 : 293,329
    • 4-6 : 273,879
  • Commerce Business
    • '19/4-6 : 165,187
    • 7-9 : 169,060
    • 10-12 : 196,625
    • '20/1-3 : 209,339
    • 4-6 : 205,867
  • Media Business
    • '19/4-6 : 72,811
    • 7-9 : 76,047
    • 10-12 : 78,191
    • '20/1-3 : 83,880
    • 4-6 : 67,502
  • Others
    • '19/4-6 : 2,197
    • 7-9 : 1,887
    • 10-12 : 2,145
    • '20/1-3 : 1,773
    • 4-6 : 1,784
  • Adjustments
    • '19/4-6 : -1,562
    • 7-9 : -1,485
    • 10-12 : -1,493
    • '20/1-3 : -1,664
    • 4-6 : -1,274

Profits (Quarterly)

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(Millions of yen) '19/4-6 7-9 10-12 '20/1-3 4-6
Operating Income 36,164 39,496 47,881 28,733 50,632
Income before Income Taxes 41,360 34,226 40,424 19,664 44,928
Net Income Attributable to Owners of the Parent 27,379 23,798 23,878 6,618 22,750

(Millions of yen)

  • Operating Income
    • '19/4-6 : 36,164
    • 7-9 : 39,496
    • 10-12 : 47,881
    • '20/1-3 : 28,733
    • 4-6 : 50,632
  • Income before Income Taxes
    • '19/4-6 : 41,360
    • 7-9 : 34,226
    • 10-12 : 40,424
    • '20/1-3 : 19,664
    • 4-6 : 44,928
  • Net Income Attributable to Owners of the Parent
    • '19/4-6 : 27,379
    • 7-9 : 23,798
    • 10-12 : 23,878
    • '20/1-3 : 6,618
    • 4-6 : 22,750

Profit Margins (Quarterly)

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(%) '19/4-6 7-9 10-12 '20/1-3 4-6
Operating Margin 15.2% 16.1% 17.4% 9.8% 18.5%
Ratio of Income before Income Taxes to Revenue 17.3% 13.9% 14.7% 6.7% 16.4%
Ratio of Net Income Attributable to Owners of the Parent to Revenue 11.5% 9.7% 8.7% 2.3% 8.3%

(%)

  • Operating Margin
    • '19/4-6 : 15.2%
    • 7-9 : 16.1%
    • 10-12 : 17.4%
    • '20/1-3 : 9.8%
    • 4-6 : 18.5%
  • Ratio of Income before Income Taxes to Revenue
    • '19/4-6 : 17.3%
    • 7-9 : 13.9%
    • 10-12 : 14.7%
    • '20/1-3 : 6.7%
    • 4-6 : 16.4%
  • Ratio of Net Income Attributable to Owners of the Parent to Revenue
    • '19/4-6 : 11.5%
    • 7-9 : 9.7%
    • 10-12 : 8.7%
    • '20/1-3 : 2.3%
    • 4-6 : 8.3%

Total Assets and Total Net Assets (Quarter Ends)

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(Millions of yen) '19/4-6 7-9 10-12 '20/1-3 4-6
Total Assets 2,586,450 2,795,895 3,927,177 3,933,910 3,980,316
Total Equity Attributable to Owners of the Parent 725,276 749,171 773,044 771,548 752,943

(Millions of yen)

  • Total Assets
    • '19/4-6 : 2,586,450
    • 7-9 : 2,795,895
    • 10-12 : 3,927,177
    • '20/1-3 : 3,933,910
    • 4-6 : 3,980,316
  • Total Equity Attributable to Owners of the Parent
    • '19/4-6 : 725,276
    • 7-9 : 749,171
    • 10-12 : 773,044
    • '20/1-3 : 771,548
    • 4-6 : 752,943

Cash Flows (Quarterly)

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(Millions of yen) '19/4-6 7-9 10-12 '19/1-3 4-6
Cash Flows from Operating Activities -2,773 49,435 -4,343 199,261 -911
Cash Flows from Investing Activities -24,659 -16,159 -417,147 -45,766 -37,370
Cash Flows from Financing Activities 46,173 144,936 407,940 -3,240 60,702
Total Cash Flows 18,342 178,223 -13,376 150,126 22,477

(Millions of yen)

  • Cash Flows from Operating Activities
    • '19/4-6 : -2,773
    • 7-9 : 49,435
    • 10-12 : -4,343
    • '19/1-3 : 199,261
    • 4-6 : -911
  • Cash Flows from Investing Activities
    • '19/4-6 : -24,659
    • 7-9 : -16,159
    • 10-12 : -417,147
    • '20/1-3 : -45,766
    • 4-6 : -37,370
  • Cash Flows from Financing Activities
    • '19/4-6 : 46,173
    • 7-9 : 144,936
    • 10-12 : 407,940
    • '20/1-3 : -3,240
    • 4-6 : 60,702
  • Total Cash Flows
    • '19/4-6 : 18,342
    • 7-9 : 178,223
    • 10-12 : -13,376
    • '20/1-3 : 150,126
    • 4-6 : 22,477
  • ・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 FY2019-1Q, gain on change in equity of PayPay Corporation of ¥10.8 billion is recorded in “Other Non-Operating Income and Expenses”.
  • ・Some services and subsidiaries have been transferred among segments from FY2020-Q1. The main change is the transfer of automobile-related services including our subsidiary Carview Corporation, from “Commerce Business” to “Media Business”. Prior data and comparative figures have been adjusted to the current segments retroactively.
  • ・In the consolidated first quarter of the fiscal year ending March 31, 2021, we have reclassified the following items to “Cash flows from operating activities.” Prior data and comparative figures have been retroactively adjusted to the current classification.
    1. “Interest and dividends received” previously recorded in “Cash flows from investing activities”
    2. “Interest paid” previously recorded in “Cash flows from financing activities”