ZHD Announced First Quarter Results. Revenue hit a record high for the first quarter
On August 3, Z Holdings, a major Internet service company, announced its first quarter 2021 results. Revenue increased 36% from the same period of the previous year to 373.3 billion yen, a record high for the first quarter, and operating income increased 1% from the same period of the previous year to 51.3 billion yen. As a result of the commerce business, e-commerce transaction volume increased 16% from the same period of the previous year to 817.2 billion yen, of which the reuse business performed well and recorded a 13.1% increase to 228.3 billion yen. Growth factors are the increase in the average price which customers pay in the affiliated flea market app "Yahoo! Auctions!" and the steady expansion of "PayPay flea market." The particular focus of this announcement of financial results was that through collaboration with major delivery company Yamato Holdings, delivery quality was significantly improved, leading it to an overall increase in transaction volume. In addition, Z Holdings has begun to fully introduce the "LINE Official Account" operated by LINE, a major social media service company, as a B to C communication infrastructure, and it was announced that the immediate delivery service "PayPay Direct by ASKUL" is being tested in collaboration with mail-order companies ASKUL and Demae-can, a delivery service center.
Source: The Company's Financial Results Announcement Material "First quarter financial results" (August 3, 2021) （link available in Japanese only）
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