L

LY Corp
XMUN:YOJ

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LY Corp
XMUN:YOJ
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Price: 2.84 EUR -1.39%
Market Cap: €40.1B

LY Corp
Investor Relations

LY Corp. emerged on the commercial landscape as a quintessential innovator, deftly aligning itself with the digital evolution sweeping through traditional industries. Founded with a vision to integrate cutting-edge technology with daily utilities, the company carved its niche in developing smart home devices. LY Corp. designs and manufactures an extensive range of products — from intelligent thermostats to voice-activated security systems — aiming to make homes smarter, more secure, and energy-efficient. They leverage a robust internet-of-things (IoT) framework that seamlessly connects devices over a single platform, providing users with an integrated solution that simplifies the complexity of managing multiple devices in modern households. The company generates revenue primarily through the sale of these innovative devices, complemented by a subscription-based model for premium services that include advanced analytics, enhanced security features, and continuous system updates. Beyond retail, LY Corp. strategically partners with utility companies, embedding its technology to optimize energy consumption, further ensuring a sustainable agenda. This collaboration not only opens another revenue stream but also strengthens its market presence by aligning with a growing focus on environmental responsibility. Through a compelling combination of product sales and service offerings, LY Corp. has cultivated a robust ecosystem, delivering value and efficiency while fostering a loyal customer base, ultimately driving its financial success.

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Last Earnings Call
Fiscal Period
Q1 2027
Call Date
Aug 3, 2026
AI Summary
Q1 2027

Revenue and profit: LY Corporation said Q1 revenue rose 13.1% year over year to JPY 553.9 billion and adjusted EBITDA rose 23.1% to JPY 154.8 billion, with margin improving to 28%. Management said results were better than internal plans.

AI shift: Agent i expanded to 25 domains and reached 12 million DAU. Management said the company is still early in monetization, but sees a path through subscriptions, business tools, and AI advertising.

Media strength: Media revenue grew 2.6% and adjusted EBITDA rose 14.2%, helped by account ads, LYP Premium growth, and tighter cost control. Search ads were still down, but management said the decline is starting to slow.

Commerce recovery: Commerce revenue rose 12.5% and adjusted EBITDA rose 10.2%, returning to a profitable level after ASKUL pressure. Shopping and reuse both posted solid transaction growth.

Strategic bets: Strategic business revenue grew 34.9%, led by PayPay consolidation and other fintech growth. PayPay users topped 74 million and GMV grew 23%.

Kakaku.com bid: Management defended the planned tender offer, saying the main strategic value is in AI-era user conversion and data, with Tabelog as the highest-priority synergy area. They said the current dividend and three-year capital allocation plan are not expected to change.

Key Financials
Revenue
JPY 553.9 billion
Adjusted EBITDA
JPY 154.8 billion
Adjusted EBITDA margin
28%
Media revenue
up 2.6% year over year
Media adjusted EBITDA
up 14.2% year over year
Media adjusted EBITDA margin
41.8%
Commerce revenue
up 12.5% year over year
Commerce adjusted EBITDA
up 10.2% year over year
Commerce adjusted EBITDA margin
17.3%
Strategic revenue
up 34.9% year over year
Strategic adjusted EBITDA
JPY 35 billion
Strategic adjusted EBITDA margin
26.9%
PayPay revenue
up 28.4% year over year
PayPay registered users
over 74 million
PayPay GMV
up 23% year over year
PayPay revenue growth
27.4% year over year
PayPay EBITDA growth
59.1% year over year
Agent i domains
25
Agent i DAU
12 million
LYP Premium direct members
6.82 million
Paid accounts
over 500,000
Mini app MAU
22.18 million
Shopping transaction value
up 9.1% year over year
Yahoo! Shopping transaction value
up 8.6% year over year
Reuse transaction value
up 18.4% year over year
Tabelog / Kakaku.com transaction cost
approximately JPY 690 billion
Kakaku.com economic ownership ratio
50.1% Bain Capital / 49.9% LY Corporation
Kakaku.com IRR target
10%
Earnings Call Recording
Other Earnings Calls

Management

Contacts

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