Z Holdings Corp
TSE:4689

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Z Holdings Corp
TSE:4689
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Price: 416.7 JPY -0.76%
Market Cap: 2.9T JPY

Z Holdings Corp
Investor Relations

Z Holdings Corp., a formidable force in Asia's digital landscape, emerged as a prominent player following the merger of Yahoo Japan and LINE Corporation. This strategic union combined Yahoo Japan's robust e-commerce, internet services, and data analytics with LINE's powerful communication platform and widespread social media influence. The resulting conglomerate harnessed a comprehensive digital ecosystem, capitalizing on the strengths of both entities to create a unique market offering. Through this integration, Z Holdings effectively bridges commerce, media, and communication, ensuring that users remain engaged across multiple touchpoints, thereby enhancing customer experience and loyalty.

Financially, Z Holdings leverages its extensive user base to generate revenue through a diversified model. The company earns from advertising, transaction fees, and subscription services. Its advertising revenue streams are bolstered by sophisticated data analytics capabilities, which enable it to offer targeted advertising solutions to businesses. E-commerce operations contribute significantly, with transaction fees stemming from a wide range of online retailers and service providers. Additionally, premium services and in-app purchases on its platforms further solidify its revenue base, positioning Z Holdings as a resilient entity in the fast-paced digital economy. The synergy of its comprehensive digital services ensures that the company remains at the forefront of technological innovation and market adaptability.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Nov 4, 2025
AI Summary
Q2 2026

Revenue Growth: LY Corporation reported consolidated revenue of JPY 505.7 billion for Q2 FY2025, up 9.4% year-on-year, though slightly below guidance due to weakness in search advertising.

Profitability: Adjusted EBITDA rose 11.3% year-on-year to JPY 125.4 billion, with margins improving and profits solidly on track with guidance.

Commerce & Strategic Business: Strong performance in commerce and strategic businesses, with Commerce revenue up 7.2% and PayPay segment revenue up 35% year-on-year.

Guidance Update: Annual dividend forecast revised upward from JPY 7 to JPY 7.3 due to share cancellations; fixed cost reduction target of JPY 15 billion by FY2026 reaffirmed.

AI & Product Initiative: Progress highlighted on AI agentization and the expansion of LINE Official Accounts and MINI Apps, with a focus on further monetization and user growth.

Search Ad Weakness: Search advertising revenue declined further from Q1, with management expecting flat to negative trends to persist in Q3 and Q4.

Cost Efficiency: Ongoing optimization of resources and cost-saving efforts, with a plan to allocate 50% of human resources to growth areas by FY2028.

Key Financials
Revenue
JPY 505.7 billion
Adjusted EBITDA
JPY 125.4 billion
Commerce Business Revenue
JPY 216.6 billion
Commerce Business Adjusted EBITDA
JPY 33.3 billion
PayPay Strategic Business Revenue
JPY 109.7 billion
PayPay Strategic Business Adjusted EBITDA
JPY 22.9 billion
Annual Dividend
JPY 7.3
Official Accounts in Japan (Active)
1.3 million
Official Accounts in Japan (Paid)
310,000
OA Revenue (Japan)
JPY 100 billion
OA Revenue (Global)
JPY 140 billion
AI Services DAU (October)
8.6 million
Adjusted EBITDA Contribution (BEENOS & LINE Bank Taiwan)
JPY 900 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Takeshi Idezawa
President, CEO & Representative Director
No Bio Available
Mr. Takao Ozawa
Senior Managing Corporate Officer, E-Commerce CPO, Chief Group Synergy Officer
No Bio Available
Mr. Taku Oketani
Senior Managing Corporate Officer & Chief Strategy Officer
No Bio Available
Mr. Jungho Shin
Group Chief Product Officer
No Bio Available
Mr. Jun Masuda
Executive Corporate Officer & CEO of Entertainment Company
No Bio Available
Mr. Ryosuke Sakaue
Executive Corporate Officer & CFO
No Bio Available
Mr. In-Joon Hwang
Executive Corporate Officer & CGIO
No Bio Available
Hideyuki Nakahara
Executive Corporate Officer & CISO
No Bio Available
Mr. Shuichi Kukita
Executive VP, Sr. Managing Corp. Officer, Chief Sales Officer & President of Solutions Mrktng. Grp.
No Bio Available
Tomoaki Tanida
Executive Officer, Executive VP & GM of Finance Division, Commerce Company
No Bio Available

Contacts

Address
TOKYO-TO
Chiyoda-ku
Kioi Tower, Tokyo Garden Terrace Kioicho, 1-3, Kioi-cho
Contacts