Revenue & adjusted EBITDA renewed record high for 3 consecutive years.
Operating income also increased 4 consecutive years, marking a record high: JPY314.5 B.
FY2022
FY2023
Account ad revenue maintained double-digit growth despite weak ad market.
PayPay grew significantly: standalone registered users reached 56.64 mil (YoY+21.1％); consolidated GMV exceeded JPY10 T.
New trade name: LY Corporation; scheduled merger date: October 1, 2023.
Begin ID linkage at the same timing as the merger. Upgrade premium membership benefits.
Reinforce media/search domains making maximum use of LINE and PayPay's strengths.
Aim for double-digit income growth through fixed cost reduction in the scale of JPY30 B
and selective focus in key businesses.
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Table of Contents
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FY2022 Results
FY2023 Management Policy/Outlook
Table of Contents
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2
FY2022 Results
FY2023 Management Policy/Outlook
Whole Group - Performance
Whole Group
Record high revenue: JPY1.67 T.
Adjusted EBITDA exceeded guidance despite deteriorated market conditions and impact of PayPay consolidation.
Revenue/YoY Growth Rate1
Adjusted EBITDA/YoY Growth Rate1
Adjusted EBITDA Margin1
(JPY B)
(JPY B)
+12.4%
Excluding PayPay
+30.0%
+14.5%
+6.7%
+3.6%
+18.8%
Growth Rate
Growth Rate
+1.0%
+0.3%
Excluding PayPay
1,567.4
1,672.3
90.0
331.4
332.6
294.8
1,205.8
PayPay
(Consolidated)2
343.3
Excluding
1,582.3
Excluding
PayPay³
PayPay³
-10.7
PayPay
FY2020
FY2021
FY2022
FY2020
FY2021
FY2022
(Consolidated)2
24.5%
Excluding PayPay
21.1% 21.7%
19.9%
FY2020 FY2021 FY2022
LINE Corporation's figures added from FY2020 Q4, due to the business integration between Z Holdings Corporation and LINE Corporation in FY2020 Q4.
PayPay's consolidated figure (includes PayPay Corporation and PayPay Card Corporation. Figures after elimination of internal transactions between the two companies.). Independently calculated by Z Holdings by making relevant IFRS adjustments. Unaudited.
3. Figures for PayPay Card Corporation are included in "Excluding PayPay" for FY2020, FY2021, and FY2022 H1, and in "PayPay Consolidated" for FY2022 H2.
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Disclaimer
Z Holdings Corporation published this content on 28 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2023 06:36:10 UTC.
Z Holdings Corporation is a holding company organized around 3 areas of activity:
- operation of e-commerce portals (69.5% of net sales): primarily operation of the Yahoo! Japan Shopping, PayPay Mall, ASKUL, Lohaco, Zozotown, Line Friends and Line Gift online stores. In addition, the group operates online auction platforms (Yahuoku!, PayPay Flea Market, etc.), online hotel and travel booking platforms (Yahoo! Japan Travel, Ikyu Travel, etc.) and electronic payment and financial services platforms (PayPay Card, PayPay Bank, LINE Securities, etc.) ;
- media services (28.2%): Internet advertising and marketing services, operation of generalist portals providing Internet tools and services (search engines, e-mail, discussion forums, electronic diaries, instant messaging, etc.), and content ( e-books, video content, thematic directories, news, etc.);
- other (2.3%).
Z HOLDINGS CORPORATION 
