CROOZ : The Third Quarter FY03/22 Financial Results Presentation

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Q3 FY 03/22

Financial Results Presentation

CROOZ, Inc.

TSE JASDAQ Standard; Code 2138

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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.

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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

Q3		27.1		mn	JPY		times
JPY		bn	1.71		14,753	2.5
FY03/22
(FY03/21 result)			＊	＊

* Figures are updated at the end of each fiscal year. Figures are as of end-March 2021.

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Consolidated results summary

					(million yen)
	Q2		Q2		YoY
	FY03/21		FY03/22
Transaction	10,297		8,710		－15.4
value					％
Operating
750		213		－71.6
profit					％
EBITDA	835		284		％
			－66.0

*Due to the adoption of the Accounting Standard for Revenue Recognition from Q1 FY03/22, sales for the E-commerce business, Online Advertising and Media business, and other businesses are reported on a net basis (sales [transaction value] less purchase costs; sales were previously reported in gross amounts).

For comparison purposes, we are disclosing transaction values instead of sales from Q1 FY03/22 onward, so please keep that in mind when making YoY comparisons.

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Earnings Summary by Segment

						(million yen)
	Q3 2021			YoY Change
	Transaction Operating			Transaction	Operating
	value	profit			value	profit
E-commerce	8,368	474	6,930	251	－17.2%	－46.9%
Game	559	4	616	－158	10.2%	－
Online Advertising
711	134	760	152	7%	13.6%
and Media
Investment	263	147	3	－34	－98.8%	－
Other	394	－9	399	1	1.1%	－

*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 Q1 FY03/22 to the following four: E-commerce, Game, Online Advertising and Media, and Investment.

*Due to the adoption of the Accounting Standard for Revenue Recognition from Q1 FY03/22, sales for the E-commerce business, Online Advertising and Media business, and other businesses are reported on a net basis (sales [transaction value] less purchase costs; sales were previously reported in gross amounts).

For comparison purposes, we are disclosing transaction values instead of sales from Q1 FY03/22 onward, so please keep that in mind when making YoY comparisons.