Z Holdings Interim Financial Results Increased Sales and Profit Increased Sales due to Nesting October 30, 18:47
Yahoo's holding company, Z Holdings, posted an increase in sales and profits for the six months to September due to an increase in online shopping sales due to so-called nesting demand.
According to the announcement, Z Holdings' group-wide financial results for the six months to September were 557.2 billion yen, 15.1% higher than the same period last year.
Operating income, which indicates the profits of our core business, increased by 29.8% to 98.2 billion yen, resulting in higher sales and profits.
This is because the number of people spending time at home has increased due to the influence of the new coronavirus, so-called nesting demand and the effect of the acquisition of fashion mail order site ZOZO have increased sales of online shopping, and the government's demand stimulus measure "Go To Travel" The main reason for this is the rapid increase in travel reservations made through the reservation site.
President Kentaro Kawabe said at a press conference, "Online demand is increasing due to changes in behavior and lifestyle due to the corona disaster, and we will actively invest in leading businesses such as digitalization in the future." I did.