ZOZO, Inc. (SATLF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

It is time. So let us begin. So it's FY2024, four-year earnings briefing. Today's session is being live streamed only. And this session will end at 5.40 and from 5.50, we have a different Zoom channel on which we will be holding a Q&A session for institutional investors. Let me introduce today's participants, presenters, the President and CEO, Kotaro Sawada, as well as Executive Vice President and CFO, Kojiya Nagisawa. Thank you. So we have two presenters for the session today. Our CFO will take you take it from here. So today I will take you through the FI 2024 four year results. The presentation materials have been uploaded to our site, so please take a look. Let me jump right in and introduce the FI 2024 results. The FY2024 four-year GMV increased by 7% year-on-year, landing at $614.3 billion. The GMV excluding other GMV increased by 7% year-on-year, ending at $574.6 billion. OPM increased by 7.8% to $64.7 billion. And the OPM was 11.3%, up by 0.1 point year-on-year. Against our corporate plans, we achieved 100.4% of the other GMV excluding other GMV and 100.9% of the OP. We experienced a very long summer and lack of inventory during the fourth quarter sales season. Thus, the GMV excluding other GMV for GMV did not meet our expectations, but line and hook commerce significantly overachieved our plans due to active and effective promotions. Therefore, the GMV overachieved our initial plan. We also overachieved our plans for OP mainly due to the higher than expected operational efficiency within our logistics centers as a base, which has resulted in cost reductions for logistics center payroll. We booked record high results for both GMB and OP. The profit attributable to owners or parents increased by 2.3% year-on-year. Compared to the OP, it has grown at a more mod...