ZOZO, Inc. (SRTTY) Q1 2027 Earnings Call Transcript

We would like to begin ZOZO's FY 2026 first quarter Q&A session for institutional investors. As was the case for the earnings briefing, we have on the call Director, Executive Vice President, and CFO Koji Yanagisawa and also Director and COO, Fuminori Hirose; as well as the General Manager of Corporate Planning Office, Yusaku Kobayashi here with us. These three will be answering your questions. We plan to wrap up the session at 6:00 p.m. My name is Terai from JPMorgan Securities. I have two questions. First question, ZOZOTOWN businesses and LINE Yahoo! Commerce GMV. So, you mentioned that it was lower than expected because of the lower temperatures, but how do you plan to achieve the fiscal year targets? And what's the forecast going forward? Thank you very much for your question. ZOZOTOWN and LINE Shopping GMV forecast going forward, June, as I mentioned before, we were impacted by climate. However, July is doing well. Last year, from June, we saw higher temperatures and those temperatures and then in July was a little bit cooler, but it's been reversed this year, but July has been doing well for now. And as I mentioned before, the number of buyers has been