ZOZO, Inc. (SATLF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

It is time. So we would like to begin Zozo's FY2026 first quarter Q&A session for institutional investors. As was the case for the earnings briefing, we have Yanagisawa and also Director and COO, Fuminori Hirose, as well as the General Manager of Corporate Planning Office, Yusaku Kobayashi, here with us. So these three will be answering your questions. We plan to wrap up this session at 6 p.m. Should you have any questions, please use the icon to raise your hand. And when called upon, please unmute yourself and state the company as well as your name before asking your question. Teresan, please go ahead. Thank you very much for this opportunity. My name is Terai from JP Morgan Securities. I have two questions. First question. Zozotan and Lanyaku Commerce, GMV. So you mentioned that it was lower than expected because of the lower temperatures, but how do you plan to achieve the fiscal year targets and what's the forecast going forward? Hirose, please go ahead. Thank you very much for your question. Zozotan and Lanyaku Shopping, GMV. Thank you for joining us today. And as I mentioned before, the number of buyers have been increasing as well. Promotions, mainly web advertising, we will be investing proactively. So we will continue to increase the number of new users. And with respect to at least the Zosan business, we aim to achieve the fiscal year target. Online Yahoo Shopping, we will use a ZOZO Festival to try to achieve the fiscal year target. That's it. Thank you. Thank you. The second question is about lists. First quarter, the top line grew by 30%, but Let's see currency impact and as well as the organic growth, taking into account the different timings for the fiscal year wrap-up. So we are seeing some impact from the currency, but organically, it is, JNV is grow...