From the company's own filing for H1 2026 (Jan–Jun) · reported 2026-09-03 · the filing ↗
Not disclosedZegna does not size Japan; it sits in 'Rest of APAC', where first-half revenue rose 13.6% organically (5.4% reported) to €117.6m, 12% of the group.
JapanRest of APAC sped up to 19.3% organic growth in the second quarter, 'especially in Korea and Japan'; the Semi-Annual Report credits both local demand and higher spending by travellers.
JapanJapan also lifted TOM FORD FASHION, whose existing stores grew notably in the US, Japan and South Korea, while Thom Browne launched a footwear collaboration with Japan's ASICS in March.
StoresZEGNA and TOM FORD FASHION each opened in Seibu Ikebukuro, Tokyo, in the half — the group's only main Japan openings, after Thom Browne Ginza and TOM FORD Osaka Takashimaya a year earlier.
Other callouts in the filing
One-offLast year's profit was flattered: H1 2025 carried €27.8m of non-cash gains from remeasuring put options held by minority shareholders, mainly in Thom Browne, and the effective tax rate has since risen to 38.8% from 29.6%.
BasisA strong euro dented reported figures: the yen averaged ¥184.46 per euro in the half against ¥162.12 a year earlier, one reason Rest of APAC grew 5.4% reported but 13.6% organic.
floortok's reading of the filing, in our own words. Figures are the company's own; where a growth rate is our arithmetic, it says so.
Show figures in
Half-year revenue
floortok holds 2 reported periods for this company.
H1 2026 (Jan–Jun) · Year-to-Date
Reported 2026-09-03
Revenues€1.0bn▲ +6.4%
Adj. EBIT€0.1bn▲ +8.4%
Net income€0.0bn▼ −40.6%
Zegna's full first-half results add profit to the revenues it reported in July: revenues rose 6.4% to €987.3mn (+9.3% organic) and adjusted EBIT 8.4% to €74.5mn, while profit fell to €28.4mn from €47.9mn (€23.2mn attributable to shareholders) because the year-earlier half carried €27.8mn of non-cash put-option gains. The ZEGNA segment widened its adjusted EBIT margin by half a point to 14.8%, but Thom Browne swung to an adjusted EBIT loss of €8.3mn. Zegna does not size Japan: it sits in Rest of APAC, which grew 13.6% organically (5.4% reported), with the company pointing to Japan and South Korea.
H1 2026 (Jan–Jun) · revenue only · Year-to-Date
Reported 2026-07-23revenue only
Revenues€1.0bn▲ +6.4%
Operating profit——
Net income——
Zegna names Japan but does not size it: its Thom Browne direct-to-consumer revenues of €51.8mn, up 11.8%, are credited to "strong momentum driven by the Americas, Korea and Japan", with the rest of Asia-Pacific described as continuing to strengthen. This is a revenue-only half-year release, so there is no profit figure yet. Group revenues rose 6.4% to €987.3mn (+9.3% organic), with the second quarter accelerating to €517.1mn (+10.3%). The ZEGNA brand led at €324.3mn in the quarter, up 16.9%, and direct-to-consumer reached €410.9mn (+16.4%).
Not disclosedZegna does not size Japan; it sits in 'Rest of APAC', where first-half revenue rose 13.6% organically (5.4% reported) to €117.6m, 12% of the group.
JapanRest of APAC sped up to 19.3% organic growth in the second quarter, 'especially in Korea and Japan'; the half-year report credits both local demand and higher spending by travellers.
StoresZEGNA and TOM FORD FASHION each opened in Seibu Ikebukuro, Tokyo, in the half — the group's only main Japan openings, after Thom Browne Ginza and TOM FORD Osaka Takashimaya a year earlier.
JapanJapan also lifted TOM FORD FASHION, whose existing stores grew notably in the US, Japan and South Korea, while Thom Browne launched a footwear collaboration with Japan's ASICS in March.
BasisA strong euro dented reported figures: the yen averaged ¥184.46 per euro in the half against ¥162.12 a year earlier, one reason Rest of APAC grew 5.4% reported but 13.6% organic.