ZOZO, Inc. (SRTTY) Q3 2026 Earnings Call Prepared Remarks Transcript

Core Insights - The financial results for the third quarter of FY '25, ending in March 2026, show a significant increase in GMV and EBITDA, indicating positive growth trends for the company [3]. Financial Performance - GMV increased by 9.1% year-on-year to JPY 502.9 billion, while GMV excluding other GMV rose by 11.9% year-on-year to JPY 483.1 billion [3]. - EBITDA increased by 9.5% year-on-year to JPY 60.6 billion, with an EBITDA margin of 12.6%, which is a decrease of 0.2 percentage points compared to the same period last year [3]. Progress Against Company Plan - The company achieved 73.9% of the GMV target and 79.1% of the EBITDA target as per the revised company plan announced on July 31 [4]. - The company faced challenges due to lower demand attributed to persistently high temperatures in the second quarter, which affected sales performance [4].