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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  ZOZO, Inc.    3092   JP3399310006


End-of-day quote. End-of-day quote Tokyo Stock Exchange - 01/19
2740 JPY   -1.55%
2020ZOZO : Relocates Head Offic
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Japan's Zozo says new body-measuring suit overcomes flaws of original

11/01/2020 | 06:49pm EST
An employee of online fashion retailer Zozo Inc. demonstrates the company's Zozosuit 2, a 3D body measurement suit, in Tokyo

TOKYO (Reuters) - Japanese online fashion retailer Zozo Inc says the successor to its "Zozosuit" body-measuring suit has solved the flaws that sank its earlier version.

The original polka-dot bodysuit, which when scanned with a smartphone allowed users to upload their measurements and order custom-made clothes, received massive interest from the fashion industry but failed to drive sales amid complaints of poor sizing.

Zozo's engineers had reworked their algorithms and increased the number of measuring markers to 20,000 from 400 previously for the "Zozosuit 2", Chief Operating Officer Masahiro Ito said in an interview.

"We have spent the last two years getting rid of every issue that people had so the entire process is more robust," he told Reuters.

"Last time we were going too fast. Right now, I don't think we need to be too careful either," said Ito.

Accurate and easy-to-use body measuring technology is being targeted by online fashion retailers trying to reduce returns.

Zozo, which is controlled by SoftBank's domestic internet business, is also seeking partners in fitness, healthcare and other sectors.

The company hopes to offer the suit within a year. The new design can be produced at low-cost via an easily scalable printing process, Ito said.

Best known for the Zozotown online mall, the firm also offers the "Zozomat" for measuring feet, which it says has cut shoes returns by around a third.

Founder Yusaku Maezawa exited the firm last year. He has attracted more than 10 million Twitter followers with cash giveaways and a plan to orbit the moon on a SpaceX rocket.

(Reporting by Sam Nussey; Editing by Andrew Heavens)

By Sam Nussey

© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
SOFTBANK CORP. 0.63% 1363.5 End-of-day quote.5.45%
Z HOLDINGS CORPORATION 0.54% 703.8 End-of-day quote.12.72%
ZOZO, INC. -1.55% 2740 End-of-day quote.7.49%
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Sales 2021 142 B 1 363 M 1 363 M
Net income 2021 27 612 M 266 M 266 M
Net cash 2021 31 112 M 300 M 300 M
P/E ratio 2021 30,6x
Yield 2021 1,34%
Capitalization 837 B 8 054 M 8 059 M
EV / Sales 2021 5,69x
EV / Sales 2022 5,18x
Nbr of Employees 1 158
Free-Float 35,6%
Chart ZOZO, INC.
Duration : Period :
ZOZO, Inc. Technical Analysis Chart | 3092 | JP3399310006 | MarketScreener
Technical analysis trends ZOZO, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 2 994,62 JPY
Last Close Price 2 740,00 JPY
Spread / Highest target 27,7%
Spread / Average Target 9,29%
Spread / Lowest Target -8,76%
EPS Revisions
Managers and Directors
Kotaro Sawada President, CEO & Representative Director
Masahiro Ito Chief Operating Officer, Director & Vice President
Koji Yanagisawa Chief Financial Officer, Director & Vice President
Koji Ono Independent Outside Director
Kentaro Kawabe Director
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