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Z Holdings Corp
F:YOJ

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Z Holdings Corp
F:YOJ
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Price: 2.16 EUR -1.82% Market Closed
Market Cap: €16.2B

Z Holdings Corp
Investor Relations

Z Holdings Corp is a Japanese internet group best known for running Yahoo! JAPAN and LINE. It offers services that people use every day, including search, news, messaging, shopping, auctions, and digital payments. The company mainly serves consumers in Japan, along with advertisers and merchants that want to reach those users online. The company makes money mostly from online advertising, transaction fees from e-commerce and payments, and fees from paid services and business tools. When users shop, click ads, or use connected financial and merchant services, Z Holdings earns a cut of that activity. This gives it a mix of advertising and transaction-based revenue rather than relying on one product alone. What sets Z Holdings apart is its role as a gateway between Japanese users and the rest of the online economy. Its services combine media, messaging, shopping, and payments in one ecosystem, which helps keep users engaged and gives merchants and advertisers a broad audience. That makes it an important infrastructure player in Japan’s consumer internet market.

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Last Earnings Call
Fiscal Period
Q4 2026
Call Date
May 8, 2026
AI Summary
Q4 2026

Results: LY Corporation said FY 2025 revenue rose 6.2% and adjusted EBITDA rose 5.5%, with adjusted EPS of JPY 28.7 hitting guidance despite a temporary ASKUL system outage.

Outlook: FY 2026 guidance calls for revenue of JPY 2.24 trillion, adjusted EBITDA of JPY 585 billion and adjusted EPS of JPY 30, with management still calling for double-digit growth across the company.

AI shift: The company is accelerating rollout of “Agent i” across consumer and business touch points, but management said FY 2026 will still be early days and did not bake in a big revenue contribution yet.

Shareholder returns: Management plans to raise the dividend per share to JPY 11 next fiscal year and is targeting ROE of 8% or more by FY 2030.

Segment mix: Media was roughly flat overall, commerce was hurt by ASKUL but supported by consolidation gains, and strategic businesses grew strongly on PayPay and LINE Bank Taiwan.

Ad trends: Search advertising stayed challenging, while account ads kept growing at a 15.3% pace and management said AI responses are reducing search queries and will likely reshape monetization.

Key Financials
Revenue
JPY 2.24 trillion
Adjusted EBITDA
JPY 585 billion
Adjusted EPS
JPY 28.7
Dividend per share
JPY 11
Media revenue
0.4%
Media adjusted EBITDA margin
38.2%
Account ads revenue growth
15.3%
Commerce adjusted EBITDA
-12.8%
Strategic business revenue growth
30.6%
Strategic business adjusted EBITDA margin
21.1%
Adjusted EBITDA growth excluding ASKUL
12.6%
Security measures cost
JPY 5 billion
AI cost
JPY 10 billion
ROE target
8% or more
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
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