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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Adastria Co., Ltd.    2685   JP3856000009

ADASTRIA CO., LTD.

(2685)
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Billionaire founder of Japan's Zozo takes stakes in fashion retailers

08/13/2020 | 06:55am EST
FILE PHOTO : Maezawa, the chief executive of Zozo, which operates Japan's popular fashion shopping site Zozotown and is officially called Start Today Co, speaks at an event launching the debut of its formal apparel items, in Tokyo

The billionaire founder of Japanese online fashion store Zozo Inc, Yusaku Maezawa, acquired large stakes in two Japanese apparel companies including multi-brand retailer United Arrows, regulatory filings showed on Thursday.

Yusaku Maezawa bought an 8% stake in United Arrows for 3.5 billion yen ($32.78 million) and a 6% stake in Adastria, another retail group, for 3.9 billion yen, according to the filings.

The moves were for investment purposes with friendly intentions, the filings said, while adding that he may "make proposals or offer advice to management if needed".

Maezawa, who has signed up for a trip around the moon with Elon Musk's SpaceX and is known for hosting cash giveaways on Twitter, stepped down as CEO of Zozo last year when he sold it to SoftBank Group Corp.

He said he earned around 150 billion yen from the sale, even after retaining an 18% stake in Zozo.

Zozo's online mall started out by selling brands with an edge, but now carries a wide range of names and is the most popular shopping site for mid- to high-end fashion.

(Reporting by Ritsuko Ando; Editing by Muralikumar Anantharaman)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ADASTRIA CO., LTD. 1.50% 1823 End-of-day quote.-26.76%
SOFTBANK GROUP CORP. 1.27% 6835 End-of-day quote.43.71%
UNITED ARROWS LTD. 2.00% 1476 End-of-day quote.-52.23%
Z HOLDINGS CORPORATION 3.04% 629.6 End-of-day quote.36.57%
ZOZO, INC. 1.01% 2496 End-of-day quote.19.60%
All news about ADASTRIA CO., LTD.
09/08ADASTRIA : Japan casual fashion brand "niko and ..." to open 2nd store in China
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08/28ADASTRIA CO., LTD. : Ex-dividend day for interim dividend
FA
08/13Billionaire founder of Japan's Zozo takes stakes in fashion retailers
RE
03/31ADASTRIA CO., LTD. : annual earnings release
02/27ADASTRIA CO., LTD. : Ex-dividend day for final dividend
FA
2019ADASTRIA CO LTD : Ex-dividend day for interim dividend
FA
2019ADASTRIA CO LTD : quaterly earnings release
2019ADASTRIA CO LTD : annual earnings release
2019ADASTRIA CO LTD : Ex-dividend day for final dividend
FA
2018ADASTRIA CO LTD : quaterly earnings release
More news
Financials
Sales 2021 188 B 1 800 M 1 800 M
Net income 2021 -743 M -7,10 M -7,10 M
Net cash 2021 19 316 M 185 M 185 M
P/E ratio 2021 -114x
Yield 2021 2,19%
Capitalization 85 075 M 813 M 814 M
EV / Sales 2021 0,35x
EV / Sales 2022 0,31x
Nbr of Employees 5 715
Free-Float 45,5%
Chart ADASTRIA CO., LTD.
Duration : Period :
Adastria Co., Ltd. Technical Analysis Chart | 2685 | JP3856000009 | MarketScreener
Technical analysis trends ADASTRIA CO., LTD.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 7
Average target price 1 960,00 JPY
Last Close Price 1 823,00 JPY
Spread / Highest target 31,7%
Spread / Average Target 7,52%
Spread / Lowest Target -12,2%
EPS Revisions
Managers
NameTitle
Michio Fukuda Chairman & President
Osamu Kimura Director & Vice President
Hideki Kurashige Independent Outside Director
Tadamitsu Matsui Independent Outside Director
Satoshi Akutsu Independent Outside Director
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