ZOZO : Notice concerning the conclusion of fixed-term building lease agreement
April 19, 2021 at 08:08 pm EDT
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April 19, 2021
Dear All,
Notice concerning the conclusion of fixed-term building lease agreement
ZOZO, Inc. (hereinafter, referred to as "ZOZO") made a resolution at the Board of Directors held today, to conclude a fixed-term building lease agreement, as described below:
1. Reason for entering into the fixed-term building lease agreement
We believe that investment in logistic base is essential for the continued growth of ZOZO's business and to maintain its service level. Therefore, we decided to enter into this agreement after deliberating gross merchandise volume growth in medium to long term.
2. Outline of the lessor
(1)
Name
Iwaki Special Purpose Company
(2)
Address
Tokyo Building, 7-3, Marunouchi 2-chome,Chiyoda-ku,
Tokyo
(3)
Name and title of representative
Shu Inada, Director
(4)
Business activities
・Operations related to securitization of specified assets
・All other operations incidental to the business relating to
the securitization of specified assets
(5)
Capital amount
100 million yen
(6)
Date of incorporation
March 30, 2010
(7)
Relationship between ZOZO and
Capital relationship
Not applicable.
the company
Personnel relationship
Not applicable.
Business relationship
Not applicable.
3.
Outline of the facility to be leased
(1)
Name
Prologis Park Tsukuba 3
(2)
Address
34 Miyukigaoka, Tsukuba City, Ibaraki
(3)
Site area
68,500m2
(4)
Total floor area
156,500m2
(5)
Rent area
137,100m2
(6)
Structure / Floors
Steel-Framed /5-Storied
(7)
Lease period
10 years and 6 months
(8)
Rent
Due to the confidentiality clause of the agreement, we refrain from
disclosing the total amount of the rent, but it exceeds 30% of ZOZO's
consolidated net asset.
4.
Upcoming schedule
(1)
Date of resolution at the Board of Directors
April 19, 2021
(2)
Date of conclusion of the fixed-term building lease agreement
May 13, 2021
(3)
Lease commencement date
February 1, 2023 (Scheduled)
5. Effect on business performance
As the commencement date of the lease will be February 1, 2023 (Scheduled), it will have no impact on ZOZO's consolidated business results for the fiscal period ending March 31, 2022. In the event that we decide on any matter that may affect ZOZO's future business performance, we will disclose it promptly.
DISCLAIMER:
This document is summary translation of Japanese version. All readers are recommended to refer the original Japanese version for complete information. In the event of any discrepancy, errors and/or omissions, the Japanese version shall prevail.
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Disclaimer
Start Today Co. Ltd. published this content on 19 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 April 2021 00:07:07 UTC.
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. 
