Security Code: 4689
Z Holdings Corporation Business Results
FY2022 Q3 Appendix
February 2, 2023
FY2022 Q3 Consolidated Business Results
FY2022 Q3 Consolidated Business Results
Whole Group
- Consolidated PayPay in Q3. Recorded highest quarterly revenue despite continued challenging macro environment.
- Decrease in adjusted EBITDA due to changes in market conditions and impact of PayPay consolidation, despite cost optimization and selective focus on key businesses.
Segment | Item | FY2021 Q3 | FY2022 Q3 | YoY |
Revenue | JPY409.1 B | JPY453.6 B | +10.9% | ||
Whole Group | Adjusted EBITDA | JPY97.9 B | JPY93.5 B | Negative 4.5% | |
Adjusted EPS | JPY1.98 | JPY0.09 | Negative 95.3% | ||
Advertising Revenue (LINE)1 | JPY51.0 B | JPY51.0 B | Negative 0.0% | ||
Media Business | Advertising Revenue (Yahoo Japan)2 | JPY102.4 B | JPY100.5 B | Negative 1.9% | |
Adjusted EBITDA1 | JPY71.3 B | JPY69.7 B | Negative 2.3% | ||
Commerce Business | Group EC Transaction Value3 | JPY1,051.3 B | JPY1,118.2 B | +6.4% | |
Adjusted EBITDA1 | JPY39.5 B | JPY42.3 B | +7.2% | ||
Strategic Business | Fintech Revenue1 | JPY26.0 B | JPY64.8 B | +148.6% | |
Adjusted EBITDA1 | Negative JPY6.1 B | Negative JPY8.3 B | - | ||
Other/Adjustments | Adjusted EBITDA1 | Negative JPY6.8 B | Negative JPY10.1 B | - |
- From FY2022 Q1, Yahoo Japan Corporation's financial service which had formerly been recorded in Strategic Business has been transferred to Media Business. LINE Corporation's services that had been recorded in Adjustments have been transferred to each business segment. Figures have been retroactively revised from FY2021 Q1.
- Includes Shopping-related advertising revenue. Shopping-related advertising revenue is classified in Commerce Business.
- Domestic merchandise transaction value + domestic services transaction value + domestic digital content transaction value + overseas e-commerce transaction value. Figure for FY2021 Q3 has been
retroactively revised to include overseas e-commerce transaction value. Please refer to page 27 of the Appendix for definition of overseas e-commerce transaction value. | 2 |
FY2022 Q3 Factors of Change in Operating Income
Whole Group
(JPY B) | FY2022 Q3 | YoY Difference | YoY | Major Factors of Change1 (JPY B) | |||||
Revenue | 453.6 | +44.5 | +10.9% | • | PayPay +33.3 | • | ZOZO +5.1 | ||
• | LINE +7.9 | • | ASKUL Group +4.8 | ||||||
Cost of sales | 132.1 | +5.7 | +4.6% | • | LINE +4.5 | • | eBOOK Initiative Japan | ||
• | ASKUL Group +4.3 | -4.4 | |||||||
SG&A | 282.4 | +60.7 | +27.4% | • | PayPay +36.9 | • | Ikyu +3.8 | ||
• | LINE +12.6 | ||||||||
(Major items) | Personnel expense | 69.2 | +12.5 | +22.1% | • | LINE +5.8 | |||
• | Yahoo Japan +1.4 | ||||||||
Sales promotion | 40.6 | +7.4 | +22.5% | • | LINE -2.3 | ||||
cost | • | Yahoo Japan -4.0 | |||||||
Depreciation and | 37.6 | +4.5 | +13.6% | • | Yahoo Japan +1.3 | ||||
amortization | • | LINE +1.1 | |||||||
Business | 36.0 | +8.3 | +30.1% | • | LINE +2.5 | ||||
commissions | • | PayPay Card +1.0 | |||||||
Other income & expenses | 151.7 | +151.7 | N/A | Gain on remeasurement relating to business combinations due to | |||||
consolidation of PayPay +147.3 | |||||||||
Operating income | 190.7 | +129.7 | +212.5% | ||||||
1. Figures in "Major Factors of Change" are figures after consolidation adjustments. | 3 |
FY2022 Q3 Factors of Change in Net Income Attributable to Owners of the Parent
Whole Group
(JPY B) | FY2022 Q3 | YoY Difference | YoY | Major Factors of Change (JPY B) | |
Operating income | 190.7 | +129.7 | +212.5% | ||
Other non-operating income | 0.8 | -3.7 | -82.1% | ||
Other non-operating expenses | 11.6 | +8.9 | +339.9% | ||
Equity in losses of associates and joint ventures | -7.0 | +7.4 | N/A | • | PayPay +4.7 |
• LINE Consolidation +3.1 (Demae-can +2.5) | |||||
Impairment loss on investments in | 31.3 | +12.9 | +70.3% | • | Demae-can +12.9 |
associates and joint ventures | |||||
Profit before tax | 141.6 | +111.4 | +369.6% | ||
Income tax expense | -1.6 | -14.0 | -113.6% | ||
Profit for the period | 143.2 | +125.5 | +705.9% | ||
Non-controlling interests | 3.4 | -1.7 | -33.5% | ||
Net income attributable to owners of the parent | 139.8 | +127.2 | +1,010.2% | ||
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Z Holdings Corporation published this content on 02 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 February 2023 06:19:06 UTC.