ZOZO stock reports 5.7 percent Q1 operating profit growth

Published on 10/07/2026 at 07:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ZOZO generated JPY 17.883 billion in fiscal Q1 operating profit, up 5.7 percent year over year. Its average analyst target is JPY 1,209.8.

Zozo, JP3399310006, Illustration mit AI erstellt.

ZOZO stock was trading at JPY 1,119 on the Tokyo Stock Exchange at 1:54 p.m. JST on October 7, 2026, up 0.86 percent from the previous close. The latest fiscal quarter produced JPY 17.883 billion in operating profit, a 5.7 percent year-over-year increase, according to Smart Stock Notes.

Profit growth beats revenue growth

For the quarter ended June 30, 2026, revenue rose 3.9 percent to JPY 56.132 billion, while net income attributable to owners increased 4.6 percent to JPY 11.895 billion, the report said. Operating profit therefore grew faster than sales, pointing to operating leverage in the core platform.

Comparable gross merchandise value excluding the other category rose 5.1 percent to JPY 156.694 billion in fiscal Q1 2027. Total GMV fell 1.6 percent to JPY 156.750 billion because of a reporting classification change, making the comparable measure more useful for tracking the main marketplace.

Discounts pressure customer value

The same quarter also exposed a margin tradeoff. Gross margin declined to 93.5 percent from 94.0 percent, while annual spending per buyer fell 4.6 percent to JPY 40,900 as promotional activity and discounts increased.

ZOZO's buyer base reached 13,415,786 people, and LYST sales climbed 36.4 percent to JPY 1.388 billion. The contrast matters: customer reach and international expansion are improving, but lower spending per buyer places greater importance on logistics savings and promotion discipline.

Consensus target stays above the quote

Investing.com lists a Neutral consensus from 17 analysts, with an average 12-month target of JPY 1,209.8, a high of JPY 1,550 and a low of JPY 880. The average target lies 8.1 percent above the October 7 price, while the wide JPY 670 spread shows a divided valuation view.

The next earnings date is October 29, 2026, according to Investing.com. That release should clarify whether comparable GMV growth can continue while customer spending and gross margin recover.

ZOZO stock trades above JPY 1,100

ZOZO stock was last at JPY 1,119 on the Tokyo Stock Exchange on October 7, 2026, with a 52-week range of JPY 974.50 to JPY 1,405. The market capitalization was JPY 986.7 billion and volume stood at 1,348,900 shares.