Tillkännagivande • May 08
LY Corporation, Annual General Meeting, Jun 19, 2026 LY Corporation, Annual General Meeting, Jun 19, 2026. Tillkännagivande • Apr 03
LY Corporation to Report Q4, 2026 Results on May 08, 2026 LY Corporation announced that they will report Q4, 2026 results at 3:30 PM, Tokyo Standard Time on May 08, 2026 Tillkännagivande • Mar 26
LY Corporation (TSE:4689) agreed to acquire an unknown minority stake in Kakao Games Corp. (KOSDAQ:A293490) from Kakao Corp. (KOSE:A035720). LY Corporation (TSE:4689) agreed to acquire an unknown minority stake in Kakao Games Corp. (KOSDAQ:A293490) from Kakao Corp. (KOSE:A035720) on March 25, 2026.
The transaction is expected to close in May 2026. Tillkännagivande • Feb 05
LY Corporation Revises Financial Guidance for the Fiscal Year Ending March 31, 2026 LY Corporation revised financial guidance for the fiscal year ending March 31, 2026. For the year, the company now expects revenue to be JPY 2,000,000 million against previous guidance of JPY 2,100,000 million. Due to the impact of the system outage at ASKUL Corporation that occurred in October 2025, full-year consolidated revenue is now expected to fall below the consolidated performance estimate announced on May 7, 2025. Tillkännagivande • Jan 31
LY Corporation (TSE:4689) reached an agreement to acquire an unknown majority stake in Toreta, Inc. LY Corporation (TSE:4689) reached an agreement to acquire an unknown majority stake in Toreta, Inc. on January 30, 2026. Going forward, the company aims to make Toreta a subsidiary after completing the required procedures. Tillkännagivande • Dec 26
LY Corporation to Report Q3, 2026 Results on Feb 04, 2026 LY Corporation announced that they will report Q3, 2026 results at 3:30 PM, Tokyo Standard Time on Feb 04, 2026 Tillkännagivande • Nov 05
LY Corporation Revises Dividend Guidance for the Fiscal Year Ending March 31, 2026 LY Corporation revised dividend guidance for the fiscal year ending March 31, 2026. For the year, the company now expects to pay dividend of JPY 7.30 per share against previous guidance of JPY 7.00 per share. Reason for the revision: To achieve sustained growth in corporate value over the medium to long term, the Company recognizes the importance of pursuing upfront investments in services and capital expenditures for future growth, as well as rewarding the shareholders through profit distribution. Guided by the above policy, the Company announced its shareholder return policy of aiming for a cumulative total payout ratio of 70% or more in the five years from FY2025. After comprehensively considering factors such as this shareholder return policy and the business performance, the Company had previously announced a year-end dividend forecast for the fiscal year ending March 31, 2026 of JPY 50.0 billion in total dividends, or JPY 7.00 per share. Tillkännagivande • Sep 25
LY Corporation to Report Q2, 2026 Results on Nov 04, 2025 LY Corporation announced that they will report Q2, 2026 results on Nov 04, 2025 Tillkännagivande • Jul 03
LY Corporation to Report Q1, 2026 Results on Aug 04, 2025 LY Corporation announced that they will report Q1, 2026 results at 3:30 PM, Tokyo Standard Time on Aug 04, 2025 Tillkännagivande • Jun 30
LY Corporation (TSE:4689) announces an Equity Buyback for 63,400,000 shares, representing 0.89% for ¥38,500 million. LY Corporation (TSE:4689) announces a share repurchase program. Under the program, the company will repurchase up to 63,400,000 shares, representing 0.89% of its issued share capital for a total purchase price of ¥38,500 million. The purpose of the program is to enhance capital efficiency and improve shareholder returns. The repurchased shares will be cancelled. The program will be valid till September 30, 2025. As of May 31, 2025, the company had 7,155,614,993 issued shares (excluding treasury stock) and 613,329 treasury shares. Tillkännagivande • May 07
LY Corporation, Annual General Meeting, Jun 19, 2025 LY Corporation, Annual General Meeting, Jun 19, 2025. Tillkännagivande • Apr 03
LY Corporation to Report Q4, 2025 Results on May 07, 2025 LY Corporation announced that they will report Q4, 2025 results at 3:30 PM, Tokyo Standard Time on May 07, 2025 Tillkännagivande • Feb 06
LY Corporation Revises Dividend Guidance for the Fiscal Year Ending March 31, 2025 LY Corporation revised dividend guidance for the fiscal year ending March 31, 2025. For the period, Company expects dividend of JPY 7.00 per share against Previous forecast of JPY 5.56 per share paid a year ago. Tillkännagivande • Jan 09
LY Corporation to Report Q3, 2025 Results on Feb 06, 2025 LY Corporation announced that they will report Q3, 2025 results at 3:30 PM, Tokyo Standard Time on Feb 06, 2025 Buy Or Sell Opportunity • Nov 10
Now 20% undervalued Over the last 90 days, the stock has risen 6.9% to €2.48. The fair value is estimated to be €3.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 5.8% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Reported Earnings • Nov 08
Second quarter 2025 earnings released: EPS: JP¥4.77 (vs JP¥7.52 in 2Q 2024) Second quarter 2025 results: EPS: JP¥4.77 (down from JP¥7.52 in 2Q 2024). Revenue: JP¥462.2b (up 4.7% from 2Q 2024). Net income: JP¥35.7b (down 37% from 2Q 2024). Profit margin: 7.7% (down from 13% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Declared Dividend • Nov 07
Dividend of JP¥5.56 announced Shareholders will receive a dividend of JP¥5.56. Ex-date: 28th March 2025 Payment date: 4th June 2025 Dividend yield will be 222%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased by an average of 2.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • Oct 08
LY Corporation to Report Q2, 2025 Results on Nov 05, 2024 LY Corporation announced that they will report Q2, 2025 results at 3:30 PM, Tokyo Standard Time on Nov 05, 2024 Reported Earnings • Aug 05
First quarter 2025 earnings released: EPS: JP¥6.87 (vs JP¥4.98 in 1Q 2024) First quarter 2025 results: EPS: JP¥6.87 (up from JP¥4.98 in 1Q 2024). Revenue: JP¥463.1b (up 7.6% from 1Q 2024). Net income: JP¥51.5b (up 38% from 1Q 2024). Profit margin: 11% (up from 8.7% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Tillkännagivande • Aug 02
LY Corporation (TSE:4689) announces an Equity Buyback for 386,597,939 shares, representing 5.13% for ¥150,000 million. LY Corporation (TSE:4689) announces a share repurchase program. Under the program, the company will repurchase up to 386,597,939 shares, representing 5.13% of its issued share capital for a total purchase price of ¥150,000 million. The company will repurchase shares from A Holdings Corporation. The purchase price per share will be ¥388 per share. The purpose of the program is to implement a flexible capital policy, improve capital efficiency, and return profits to shareholders. The repurchased shares will be cancelled. If the total number of tendered shares exceeds the number of shares to be purchased (386,597,939 shares), the company will not purchase all or part of the excess shares, and will make delivery and other settlement procedures for the purchase of shares using the pro rata method. As of June 30, 2024, the company had 7,534,158,129 issued shares (excluding treasury stock) and 103,233,982 treasury shares. Buy Or Sell Opportunity • Jul 05
Now 24% overvalued The stock has been flat over the last 90 days, currently trading at €2.28. The fair value is estimated to be €1.84, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 25%. For the next 3 years, revenue is forecast to grow by 6.4% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Tillkännagivande • Jul 05
LY Corporation to Report Q1, 2025 Results on Aug 02, 2024 LY Corporation announced that they will report Q1, 2025 results at 3:00 PM, Tokyo Standard Time on Aug 02, 2024 Reported Earnings • Jun 21
Full year 2024 earnings released: EPS: JP¥15.10 (vs JP¥23.87 in FY 2023) Full year 2024 results: EPS: JP¥15.10 (down from JP¥23.87 in FY 2023). Revenue: JP¥1.81t (up 8.5% from FY 2023). Net income: JP¥113.2b (down 37% from FY 2023). Profit margin: 6.2% (down from 11% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Tillkännagivande • May 16
Naver Will Not Sell Stake in Operator of Messaging App Line, for Now NAVER Corporation (KOSE:A035420), a Korean tech giant facing pressure from the Japanese government to divest from the operator of the popular messaging app Line, has decided not to sell any of its shares, according to a senior presidential official on May 14, 2024 - at least not until July. 'After discussions with Naver, the company conveyed its stance that there will be no sale of its shares in LY Corporation (TSE:4689) in relation to the Japanese government's administrative guidance,' the official told The Korea Times. 'The government has accepted Naver's position and will ensure to protect Naver in a manner that prevents objections from the Japanese government regarding the company's decision." Naver has been facing pressure to divest its shares in the app's operator LY Corp., which is controlled by a 50-50 joint venture between Naver and Japan's SoftBank Group Corp. (TSE:9984), after the Japanese government issued an administrative guidance to LY last month, aimed at reviewing its capital relationship with Naver following a massive data leak of user information last November. While the Japanese government has been denying that the guidance is about Naver's sell-down, SoftBank announced last week that it will initiate a review of its capital relationship with Naver, adding that it intends to make a decision by July. LY Corp. is supposed to submit a report on its response to the guidance by July 1, and the report will not include details on the sell-down, the official said. The Korean government has been urging Naver to articulate its 'sincere and detailed position' on whether it will sell its shares or not, viewing the issue as a business matter between Naver and SoftBank. However, while Naver had refrained from expressing its clear stance in an apparent move to enhance its leverage in negotiations with SoftBank, the opposition bloc had accused the government of neglecting its duty to protect a Korean company from Japan's unfair claims. As the dispute shows signs of escalating into a political clash between Korea and Japan, the Yoon administration has been facing a dilemma between Seoul's desire for improved relations with Tokyo and growing skeptical public sentiment regarding issues related to Japan. Even though another senior official at the presidential office said that 'the political conflicts over the Line dispute seem to be all settled,' it remains to be seen whether Naver will hold onto its shares even after July given that the explanations from the presidential office do not explicitly state that Naver has abandoned its plan to sell its shares in LY Corp. nor that the company's negotiations with SoftBank have concluded. Naver CEO Choi Soo-yeon said on May 3 that 'whatever decision the company makes, it will be based on the company's medium- and long-term strategy,' while its officials have been signaling that negotiations with SoftBank may not be concluded before July. Reportedly, the company also agrees with the presidential office's statements that there will be no sell-down because of the Japanese government's guidance, but the company does not rule out the possibility of a deal later. When asked for confirmation, a Naver official repeated the company's previous statement that the company is 'in talks with SoftBank, keeping all options open'. Tillkännagivande • May 10
LY Corporation, Annual General Meeting, Jun 18, 2024 LY Corporation, Annual General Meeting, Jun 18, 2024. Reported Earnings • May 09
Full year 2024 earnings released: EPS: JP¥15.10 (vs JP¥23.87 in FY 2023) Full year 2024 results: EPS: JP¥15.10 (down from JP¥23.87 in FY 2023). Revenue: JP¥1.81t (up 8.5% from FY 2023). Net income: JP¥113.2b (down 37% from FY 2023). Profit margin: 6.2% (down from 11% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Tillkännagivande • Apr 30
South Korea to Consult Naver, After Report Firm Faces Japan Pressure to Divest Stake South Korea said on April 27, 2024 it will consult with NAVER Corporation (KOSE:A035420) after media reported that the domestic internet company was under pressure from Japan to divest from a venture, adding that its companies should not face discrimination. The South Korean foreign ministry was asked to respond to a Kyodo news agency report earlier this week that Japan's SoftBank Group Corp. (TSE:9984) was in talks to buy shares of LY Corporation (TSE:4689) from Naver after administrative guidance from Japan's internal affairs and communications ministry over a data leak last year. "The Korean government is firmly in the position that there should be no discriminatory measures against our companies. We will check Naver's position on the case and communicate with Japan's side if necessary," the ministry said in a statement. LY Corp. is majority owned by A Holdings, a joint venture between SoftBank and Naver, and operates Line, a messaging app popular in Japan and elsewhere in Asia. The media report prompted concerns in South Korea over possible political interference, with two incoming lawmakers from the Rebuilding Korea Party urging the South Korean government to take "strong action". Japan's internal affairs and communications ministry and SoftBank Group did not immediately reply to Reuters' requests for comment. Buy Or Sell Opportunity • Apr 15
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 28% to €2.16. The fair value is estimated to be €2.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 6.8% per annum. Earnings are also forecast to grow by 9.4% per annum over the same time period. Tillkännagivande • Apr 11
LY Corporation to Report Fiscal Year 2024 Results on May 08, 2024 LY Corporation announced that they will report fiscal year 2024 results at 3:00 PM, Tokyo Standard Time on May 08, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥5.56 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 34% but the company is paying out more than the cash it is generating. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.9%). In line with average of industry peers (1.5%). Buy Or Sell Opportunity • Feb 27
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.0% to €2.56. The fair value is estimated to be €3.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 7.9% per annum. Earnings are also forecast to grow by 10% per annum over the same time period. New Risk • Feb 11
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.8% net profit margin). Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: JP¥3.83 (vs JP¥18.66 in 3Q 2023) Third quarter 2024 results: EPS: JP¥3.83 (down from JP¥18.66 in 3Q 2023). Revenue: JP¥475.0b (up 4.7% from 3Q 2023). Net income: JP¥28.7b (down 80% from 3Q 2023). Profit margin: 6.0% (down from 31% in 3Q 2023). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Tillkännagivande • Feb 07
LY Corporation Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024 LY Corporation revised consolidated earnings guidance for the fiscal year ending March 31, 2024. For the period, Company expects revenue of JPY 1,820,000 million against previous guidance of JPY 1,900,000 million. Tillkännagivande • Jan 14
LY Corporation to Report Q3, 2024 Results on Feb 06, 2024 LY Corporation announced that they will report Q3, 2024 results on Feb 06, 2024 Reported Earnings • Nov 09
Second quarter 2024 earnings released: EPS: JP¥7.52 (vs JP¥2.01 in 2Q 2023) Second quarter 2024 results: EPS: JP¥7.52 (up from JP¥2.01 in 2Q 2023). Revenue: JP¥441.3b (up 12% from 2Q 2023). Net income: JP¥56.4b (up 274% from 2Q 2023). Profit margin: 13% (up from 3.8% in 2Q 2023). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Tillkännagivande • Oct 07
LY Corporation to Report Q2, 2024 Results on Nov 07, 2023 LY Corporation announced that they will report Q2, 2024 results at 3:00 PM, Tokyo Standard Time on Nov 07, 2023 New Risk • Sep 07
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.08% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.08% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Reported Earnings • Aug 04
First quarter 2024 earnings released: EPS: JP¥4.98 (vs JP¥3.37 in 1Q 2023) First quarter 2024 results: EPS: JP¥4.98 (up from JP¥3.37 in 1Q 2023). Revenue: JP¥430.5b (up 10% from 1Q 2023). Net income: JP¥37.3b (up 48% from 1Q 2023). Profit margin: 8.7% (up from 6.5% in 1Q 2023). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Interactive Media and Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Tillkännagivande • Jul 07
Z Holdings Corporation to Report Q1, 2024 Results on Aug 03, 2023 Z Holdings Corporation announced that they will report Q1, 2024 results on Aug 03, 2023 Reported Earnings • Jun 18
Full year 2023 earnings released: EPS: JP¥23.87 (vs JP¥10.20 in FY 2022) Full year 2023 results: EPS: JP¥23.87 (up from JP¥10.20 in FY 2022). Revenue: JP¥1.67t (up 6.7% from FY 2022). Net income: JP¥178.9b (up 131% from FY 2022). Profit margin: 11% (up from 4.9% in FY 2022). Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: JP¥23.87 (vs JP¥10.20 in FY 2022) Full year 2023 results: EPS: JP¥23.87 (up from JP¥10.20 in FY 2022). Revenue: JP¥1.67t (up 6.7% from FY 2022). Net income: JP¥178.9b (up 131% from FY 2022). Profit margin: 11% (up from 4.9% in FY 2022). Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥5.56 per share at 1.5% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 03 June 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (1.9%). Reported Earnings • Feb 03
Third quarter 2023 earnings released: EPS: JP¥18.66 (vs JP¥1.66 in 3Q 2022) Third quarter 2023 results: EPS: JP¥18.66 (up from JP¥1.66 in 3Q 2022). Revenue: JP¥453.7b (up 11% from 3Q 2022). Net income: JP¥139.8b (up JP¥127.2b from 3Q 2022). Profit margin: 31% (up from 3.1% in 3Q 2022). Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 10% per year. Tillkännagivande • Dec 24
Z Holdings Corporation to Report Q3, 2023 Results on Feb 02, 2023 Z Holdings Corporation announced that they will report Q3, 2023 results on Feb 02, 2023 Board Change • Nov 16
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Outside Director Tadashi Kunihiro was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Nov 04
Second quarter 2023 earnings released: EPS: JP¥2.01 (vs JP¥3.64 in 2Q 2022) Second quarter 2023 results: EPS: JP¥2.01 (down from JP¥3.64 in 2Q 2022). Revenue: JP¥394.3b (up 4.4% from 2Q 2022). Net income: JP¥15.1b (down 45% from 2Q 2022). Profit margin: 3.8% (down from 7.3% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Buying Opportunity • Nov 03
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 22%. The fair value is estimated to be €3.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has declined by 16%. For the next 3 years, revenue is forecast to grow by 7.9% per annum. Earnings is also forecast to grow by 22% per annum over the same time period. Buying Opportunity • Aug 20
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €3.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has declined by 16%. For the next 3 years, revenue is forecast to grow by 6.9% per annum. Earnings is also forecast to grow by 24% per annum over the same time period. Reported Earnings • Aug 05
First quarter 2023 earnings released: EPS: JP¥3.37 (vs JP¥3.51 in 1Q 2022) First quarter 2023 results: EPS: JP¥3.37 (down from JP¥3.51 in 1Q 2022). Revenue: JP¥390.6b (up 4.6% from 1Q 2022). Net income: JP¥25.2b (down 5.2% from 1Q 2022). Profit margin: 6.5% (down from 7.1% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 9.8%, compared to a 16% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Reported Earnings • Jun 21
Full year 2022 earnings released: EPS: JP¥10.20 (vs JP¥14.02 in FY 2021) Full year 2022 results: EPS: JP¥10.20. Revenue: JP¥1.57t (up 30% from FY 2021). Net income: JP¥77.3b (up 10% from FY 2021). Profit margin: 4.9% (down from 5.8% in FY 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 8.6%, compared to a 16% growth forecast for the industry in Germany. Buying Opportunity • Jun 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 33%. The fair value is estimated to be €3.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has declined by 12%. For the next 3 years, revenue is forecast to grow by 6.9% per annum. Earnings is also forecast to grow by 20% per annum over the same time period. Reported Earnings • Apr 30
Full year 2022 earnings released: EPS: JP¥10.20 (vs JP¥14.02 in FY 2021) Full year 2022 results: EPS: JP¥10.20. Revenue: JP¥1.57t (up 30% from FY 2021). Net income: JP¥77.3b (up 10% from FY 2021). Profit margin: 4.9% (down from 5.8% in FY 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 8.2%, compared to a 26% growth forecast for the industry in Germany. Board Change • Apr 27
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. 4 independent directors (6 non-independent directors). President of Gyao Corp and Director of Gyao Corporation Osamu Aranami is the most experienced director on the board, commencing their role in 2016. Independent Outside Director Tadashi Kunihiro was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Tillkännagivande • Apr 06
Z Holdings Corporation to Report Q4, 2022 Results on Apr 28, 2022 Z Holdings Corporation announced that they will report Q4, 2022 results on Apr 28, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥5.56 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 04 June 2022. Payout ratio is a comfortable 57% and the cash payout ratio is 84%. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (1.5%). Reported Earnings • Feb 04
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: EPS: JP¥1.66 (down from JP¥4.42 in 3Q 2021). Revenue: JP¥409.2b (up 29% from 3Q 2021). Net income: JP¥12.6b (down 40% from 3Q 2021). Profit margin: 3.1% (down from 6.6% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.4%. Over the next year, revenue is forecast to grow 13%, compared to a 36% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Tillkännagivande • Feb 02
Z Holdings Corporation Provides Earnings Guidance for the Fiscal Year Ending March 31, 2022 Z Holdings Corporation provided earnings guidance for the fiscal year ending March 31, 2022. For the period, the company expects revenue to be JPY 1,570,000 million. Tillkännagivande • Jan 31
Z Holdings Announces Changes to its Directors and Officers as of April 1, 2022 Z Holdings Corporation announced the changes in Senior Managing Corporate Officers and Managing Corporate Officers as of April 1, 2022, and addition of responsibilities to some officers. Co-GCTOs (Co-Group Chief Technology Officers) Euivin Park and Chiaki Fujimon will be promoted from Managing Corporate Officers to Senior Managing Corporate Officers. Greater emphasis will be placed on the opinions from the technology perspective in discussions and decision-making regarding overall management. Takeshi Shimamura will be appointed Managing Corporate Officer, concurrently serving as Director of LINE Corporation and EVP, Managing Corporate Officer of Yahoo Japan Corporation. As of the same date, Ayumi Inagaki will cease duties as Managing Corporate Officer and will focus on duties as Senior Executive Officer of LINE Corporation. With the aim of strengthening the management structure for product growth, new CPOs (Chief Product Officers) supervising certain business domains responsible for promoting the growth of products in each field, will be appointed under the GCPO (Group Chief Product Officer) to speed up decision-making and business promotion. New CPOs are GCPO (Group Chief Product Officer) is Jungho Shin; CPOs supervising specific domains: Marketing & Sales CPO is Takeshi dezawa; E-Commerce CPO is Takao Ozawa; Entertainment CPO is Jun Masuda; Global Business CPO is In Joon Hwang; and AI CPO is Chiaki Fujimon. Reported Earnings • Nov 03
Second quarter 2022 earnings released: EPS JP¥3.64 (vs JP¥4.85 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2022 results: Revenue: JP¥377.6b (up 33% from 2Q 2021). Net income: JP¥27.6b (up 20% from 2Q 2021). Profit margin: 7.3% (down from 8.1% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Reported Earnings • Aug 04
First quarter 2022 earnings released: EPS JP¥3.51 (vs JP¥4.78 in 1Q 2021) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2022 results: Revenue: JP¥373.4b (up 36% from 1Q 2021). Net income: JP¥26.6b (up 17% from 1Q 2021). Profit margin: 7.1% (down from 8.3% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Reported Earnings • Jun 22
Full year 2021 earnings released: EPS JP¥14.02 (vs JP¥16.88 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: JP¥1.21t (up 14% from FY 2020). Net income: JP¥70.1b (down 14% from FY 2020). Profit margin: 5.8% (down from 7.8% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Reported Earnings • Apr 30
Full year 2021 earnings released: EPS JP¥14.02 (vs JP¥16.88 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: JP¥1.21t (up 14% from FY 2020). Net income: JP¥70.1b (down 14% from FY 2020). Profit margin: 5.8% (down from 7.8% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥5.56 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 05 June 2021. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (1.2%). Executive Departure • Mar 10
Managing Corporate Officer, Executive VP & Director has left the company On the 1st of March, Hideyuki Nakahara's tenure as Managing Corporate Officer, Executive VP & Director ended after 6.9 years in the role. We don't have any record of a personal shareholding under Hideyuki's name. A total of 2 executives have left over the last 12 months. Executive Departure • Mar 09
Managing Corporate Officer, Executive VP & Director has left the company On the 1st of March, Gen Miyazawa's tenure in the role of Managing Corporate Officer, Executive VP & Director ended. We don't have any record of a personal shareholding under Gen's name. A total of 2 executives have left over the last 12 months. Is New 90 Day High Low • Mar 05
New 90-day low: €4.62 The company is down 6.0% from its price of €4.92 on 04 December 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Interactive Media and Services industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.60 per share. Tillkännagivande • Mar 02
Z Holdings Corporation Announces CEO Changes Z Holdings Corporation announced that Kentaro Kawabe will be appointed as Co-CEO from CEO and Takeshi Idezawa will be appointed as Co-CEO effective March 1, 2021. Tillkännagivande • Mar 01
Z Holdings Corporation Announces Board Changes Z Holdings Corporation announced that Representative Director, Co-CEO, and Kentaro Kawabe will be appointed as President and Representative Director and Takeshi Idezawa as Representative Director, Co-CEO (Co-Chief Executive Officer). Effective date is March 1, 2021. Tillkännagivande • Feb 20
LINE Corporation completed the acquisition of 44.6% stake in Z Holdings Corporation (TSE:4689) from Shiodome Z Holdings Co., Ltd. and others. LINE Corporation agreed to acquire 44.6% stake in Z Holdings Corporation (TSE:4689) from Shiodome Z Holdings Co., Ltd. and others for approximately ¥ 740 billion on January 20, 2021. Under the terms LINE Corporation will acquire 2.12 billion shares at ¥ 348 per share. LINE Corporation has decided to start the Tender Offer on January 20, 2021, after confirming that all of the Preconditions have been met. An independent committee has been formed in respect of the transaction. The board of Z Holdings Corporation has approved the tender offer. The transaction was resolved by the board on January 20, 2021. The offer period will close on February 18, 2021. Takao Nakata acted as accountant for the special committee of the target. Latham & Watkins LLP, Takai & Partners and Mori Hamada & Matsumoto LPC acted as legal advisor and Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. acted as financial advisor to Z Holdings in the transaction.
LINE Corporation completed the acquisition of 44.6% stake in Z Holdings Corporation (TSE:4689) from Shiodome Z Holdings Co., Ltd. and others on February 18, 2021. LINE Corporation received tenders for 2,125,405,395 shares which exceeded the maximum number of shares to be purchased (2,125,366,950 shares). As a result, LINE Corporation purchased only 2,125,328,600 shares from Shiodome Z Holdings Co., Ltd. Shiodome Z Holdings Co., Ltd. will sell the rest of its shares to Softbank. Reported Earnings • Feb 05
Third quarter 2021 earnings released The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: JP¥316.6b (up 15% from 3Q 2020). Net income: JP¥21.0b (down 12% from 3Q 2020). Profit margin: 6.6% (down from 8.7% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 05
Revenue beats expectations Revenue exceeded analyst estimates by 4.9%. Over the next year, revenue is forecast to grow 12%, compared to a 34% growth forecast for the Interactive Media and Services industry in Germany. Tillkännagivande • Dec 03
Z Holdings Corporation to Report Q3, 2021 Results on Feb 03, 2021 Z Holdings Corporation announced that they will report Q3, 2021 results on Feb 03, 2021 Valuation Update With 7 Day Price Move • Nov 16
Market pulls back on stock over the past week After last week's 18% share price decline to JP¥4.56, the stock is trading at a trailing P/E ratio of 36.5x, down from the previous P/E ratio of 44.4x. This compares to an average P/E of 33x in the Interactive Media and Services industry in Europe. Total returns to shareholders over the past three years are 30%. Is New 90 Day High Low • Nov 12
New 90-day low: €4.80 The company is down 6.0% from its price of €5.10 on 14 August 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Interactive Media and Services industry, which is down 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.05 per share. Analyst Estimate Surprise Post Earnings • Nov 12
Revenue misses expectations Revenue missed analyst estimates by 0.01%. Over the next year, revenue is forecast to grow 18%, compared to a 33% growth forecast for the Interactive Media and Services industry in Germany. Reported Earnings • Nov 12
Second quarter 2021 earnings released: EPS JP¥4.85 The company reported a soft second quarter result with weaker earnings and profit margins, although revenues were improved. Second quarter 2021 results: Revenue: JP¥283.3b (up 15% from 2Q 2020). Net income: JP¥23.1b (down 3.0% from 2Q 2020). Profit margin: 8.1% (down from 9.7% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Nov 01
Semi-annual earnings released: Revenue misses expectations Semi-annual revenue missed analyst estimates by 0.01% at JP¥557.2b. Revenue is forecast to grow 21% over the next year, compared to a 28% growth forecast for the Interactive Media and Services industry in Germany. Reported Earnings • Nov 01
First half earnings released Over the last 12 months the company has reported total profits of JP¥76.3b, up 2.0% from the prior year. Total revenue was JP¥1.13t over the last 12 months, up 16% from the prior year. Tillkännagivande • Oct 20
DoubleVerify Announces Exclusive Partnership with Yahoo! Japan to Power Their Standard Feature of Ad Fraud and Brand Safety Protection DoubleVerify announced an exclusive partnership with Yahoo! Japan Corporation. As part of its media quality offering, DoubleVerify identifies and screens significant types of ad fraud, across mobile app, mobile web, and desktop inventory, and provides comprehensive brand safety controls to ensure alignment with content and context. Through this partnership with Yahoo! JAPAN, DoubleVerify will provide real-time analysis of inventory quality, to help safeguard brand advertisers from fraud and sophisticated invalid traffic, and ensure ads run in Yahoo! JAPAN’s policy-based, brand-safe environment across Yahoo! JAPAN Ads Display Ads comprehensive platform. Is New 90 Day High Low • Oct 05
New 90-day high: €5.90 The company is up 35% from its price of €4.38 on 07 July 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Interactive Media and Services industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.32 per share. Tillkännagivande • Sep 25
ValueCommerce Co., Ltd. (TSE:2491) concluded a contract to acquire Dynatech Inc. from Yahoo Japan Corporation (TSE:4689) for ¥2.7 billion. ValueCommerce Co., Ltd. (TSE:2491) concluded a contract to acquire Dynatech Inc. from Yahoo Japan Corporation (TSE:4689) for ¥2.7 billion on September 25, 2019. As per terms, all 600 shares will be acquired. For the year ended March 2019, Dynatech Inc. reported revenues of ¥1.7 billion, total assets of ¥1.9 billion, operating income of ¥429 million, net income of ¥301 million and net assets of ¥1.4 billion. The deal is expected to close on September 27, 2019. Wadakura Gate Law Office acted as legal advisor for ValueCommerce Co., Ltd. An advisory fee of ¥8 million has been incurred on the transaction. Tillkännagivande • Sep 03
Z Holdings Corporation to Report Q2, 2021 Results on Oct 30, 2020 Z Holdings Corporation announced that they will report Q2, 2021 results on Oct 30, 2020