LY's revenue FY 2019-2023
The revenue of LY Corporation amounted to around 1.81 trillion Japanese yen in the 2023 fiscal year. It increased by about 140 billion yen over the previous year.
LY Corporation and SoftBank
LY Corporation, formerly known as Z Holdings Corporation, was rebranded in October 2023 following its merger with LINE Corporation, Yahoo! Japan Corporation, Z Entertainment Corporation, and Z Data Corporation. As a SoftBank Corp. subsidiary, LY operates Yahoo! Japan and LINE, aiming to create synergies across consumer, enterprise, and distribution segments. The name changes in recent years reflect strategic efforts to streamline services, enhance efficiency, and integrate various subsidiaries, culminating in the most recent rebranding to LY Corporation.
Business segments
LY Corporation primarily focuses on commerce and media. A breakdown of the revenue by segment shows that the commerce business is the largest segment of the company. It includes services such as shopping, auctions, flea markets, as well as membership and payment-related services. One of these is the cashless payment service PayPay, which allows users to conduct payments via smartphones and counts several dozen million users. The media segment centers on online advertising and media services related to Yahoo! Japan and LINE, which is the most popular social media platform in Japan.
