CROOZ : FY03/23 First Quarter Financial Results Presentation

1

Q1 FY 03/23

Financial Results Presentation

CROOZ, Inc.

TSE Standard; Code 2138

2

Key strategies for CROOZ

• Make SHOPLIST a brand that represents fast fashion e-commerce

• Invest in new businesses to create second and third core businesses after SHOPLIST＊1

• Adopt two-pronged strategy for new businesses:
  (1) new launches within group, and (2) M&A＊1

• 100 managers x JPY10.0bn business＊2

*1	CROOZ Group' s policies going forward. Click here	for details.
*2	To be achieved through CROOZ' Vision for	Continual	Evolution. Click here	for details.

3

Consolidated results summary

Key

strategy

Make SHOPLIST a brand that represents fast fashion e-commerce

Medium- to	Annual sales	Annual unique	Average annual	Annual frequency of
purchasers	spend per user	purchases per user
long-term
targets	JPY	bn	5	mn	JPY	20,000	4	times
		100.0

Q1		23.0		mn	JPY		times
JPY		bn	1.64		14,009	2.4
FY03/23
(FY03/22 result)			＊	＊

* Figures are updated at the end of each fiscal year. Figures are as of end-March 2022.

4

Consolidated results summary

					(million yen)
	Q1		Q1		YoY
	FY03/22		FY03/23
Transaction	8,342		7,599		％
value			－8.9
Operating	431		246		％
profit			－42.9
EBITDA	498		310		％
			－37.7

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Earnings Summary by Segment

						(million yen)
	Q1 2021			YoY Change
	Transaction Operating			Transaction	Operating
	value	profit			value	profit
E-commerce	6,483	387	5,436	－	－16.1%	－
				27
Game	482	99	836	81	+73.5%	－
	－
Online Advertising	922	174	825	191	－10.5%	+9.4%
and Media
Other	454	31	500	1	+10.3%	－
	－

*1 CROOZ Group has set a policy of further strengthening its focus on e-commerce as an e-commerce solutions company. In line with this policy, the company has revised its reporting segments from FY03/22 to the following three: E-commerce, Game, Online Advertising and Media.

*2 Our share of a fund, formerly consolidated as a subsidiary, declined and the fund was excluded from the scope of consolidation.

As a result, the Investment business ceased to be a reportable segment from FY03/22. Accompanying this change, for reference purposes, the Investment business is included in Other businesses for previous years and the period through FY03/22.