ZOZO, Inc. agreed to Spin-Off ZOZO Technologies, Inc.
August 12, 2021
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The Board of ZOZO, Inc. (TSE:3092) announced the spin-off of ZOZO Technologies, Inc. on August 13, 2021. Under the term, ZOZO will spin-off all the businesses of ZOZO Technologies, except for R&D of technologies. The agreement of spin-off took place on August 13, 2021. Post completion, ZOZO Technologies will change the trade name from ZOZOTECH to "ZOZO NEXT, Inc.”. As of March 31, 2021, ZOZO Technologies reported net assets of ¥6.73 billion, total assets of ¥9.41 billion, net sales of ¥10.199 billion, net profit of ¥942 million and operating profit of ¥1.27 billion. The transaction was resolved by the board of directors of ZOZO, Inc. and ZOZO Technologies. Neither of the two companies will hold a shareholders’ meeting to gain approval for the spin-off. The transaction is expected to close on October 1, 2021.
ZOZO, Inc., formerly START TODAY CO., LTD. is a Japan-based company engaged in the E-commerce (EC) business which operates Internet shopping Websites. The Companyâs business includes ZOZOTOWN business, PB business, BtoB business, advertising business and other business. The ZOZOTOWN business consists of the purchasing shop, contracted shop and ZOZOUSED business. PB business sells the Company-designed apparel products tailored to the individual shape of the users. The B to B business supports various fulfillment related businesses, such as system development, design production, logistics contracting, marketing support of EC sites operated independently by apparel makers. The advertising business uses ZOZOTOWN and WAR's user reach base to provide advertising space to client brands and advertising agencies and earns advertising revenue. The others business includes business associated with ZOZOTOWN, such as paid member revenue, shipping income and settlement fee income.
ZOZO, INC. 
