CROOZ : FY03/23 Third Quarter CEO Message - Marketscreener.com

Q3 FY03/23

Message from Koji Obuchi, President and CEO of

CROOZ Group

(February 9, 2022)

I am Koji Obuchi, president and CEO of the CROOZ Group. Earlier today, on February 9, 2022, we announced our financial results for Q3 FY03/23. As the representative of the Group, I would like to share my thoughts and impressions to give you a better understanding of our current situation.

For the whole Group, cumulative Q3 consolidated transaction value totaled JPY22,974mn (-8.3% YoY) and consolidated operating profit was JPY509mn (-32.1% YoY). Consolidated transaction value for Q3 was JPY8,035mn (-7.7% YoY) while we recorded consolidated operating profit of JPY412mn (+93.6% YoY).

The reasons for the year-on-year increase in consolidated operating profit in Q3 are discussed in detail below, but primarily include increases of about JPY198mn in the Game business and approximately JPY175mn in the Online Advertising and Media business.

I would now like to offer a detailed explanation of the results in each business segment.

First, let's look at our E-commerce business, which consists of the SHOPLIST business and other e-commerce related businesses, such as e-commerce contract development and operation agency services. However, since the e-commerce-related business is still comparatively small in scale, my focus will remain on the SHOPLIST business. In cumulative Q3 FY03/23, the SHOPLIST business recorded transaction value of around JPY16,339mn (-10.6% YoY), and an operating loss of...

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