Business Portfolio
Last updated: 10/17/2023
Capital Structure
![Ownership ratio](images/group_fig01.png)
As of October 2023
The parent companies of the LY Corporation Group are SoftBank Corp., a provider of telecommunication/ICT services in Japan, and NAVER Corporation, a provider of information technology (IT) services such as search portal websites in South Korea. As a tech company, LY Corporation has various IT service companies, such as PayPay Corporation, which offers cashless payment services, ZOZO, Inc., one of Japan's largest fashion e-commerce providers, and ASKUL Corporation which provides mail-order services of office supplies, etc.
* Calculated by excluding the Company's treasury stock of 103,047,215 shares. The treasury stock does not include the Company's shares (33,773,403 shares) held by the Stock Delivery Trust (J-ESOP), RSU Plan (Board Incentive Plan Trust), and Stock Delivery ESOP Trust.
Business Portfolio
A diverse portfolio covering media to telecommunications.
The business portfolio of the LY Corporation Group encompasses not only media, commerce and strategic, but also messaging and telecommunications. The scope and diversity of our portfolio are unique in the world and will be the driving force for value creation. Our goal is not to achieve growth in individual business and service categories, but to create an expanding Group-wide ecosystem by offering seamless user experience spanning all of our services.
Media Business
The Company and its Consolidated Subsidiaries
LY Corporation
- Major businesses/services: Advertising service based on the mobile messenger application "LINE," sales of stamp and game services, Internet advertising business (e.g., Yahoo! JAPAN Ads), and media-related services
(Japanese only)Stanby, Inc.
- Major businesses/services: Recruitment search engine
(Japanese only)Sportsnavi Inc.
- Major businesses/services: Collection of sports-related information and production of articles and content
(Japanese only)mybest, Inc.
- Major businesses/services: Service empowering users to make their best choices
(Japanese only)LINE MUSIC CORPORATION
- Major businesses/services: Operation of subscription-based music streaming service
(Japanese only)dely, inc.*
- Major businesses/services: Recipe video business
Equity Method Affiliate
* In FY2023-Q1, dely Inc.'s service was transferred from Other Business to Media Business.
Commerce Business
The Company and its Consolidated Subsidiaries
LY Corporation
- Major businesses/services: Yahoo! JAPAN Shopping, YAHUOKU!, PayPay Flea Market, Yahoo! JAPAN Travel, LINE Shopping, LINE GIFT, etc.
ASKUL Corporation
- Major businesses/services: Mail-order service of office-related products and other delivery services
ZOZO, Inc.
- Major businesses/services: Planning & operation of fashion e-commerce website, operational support of brands' own e-commerce website, operation of fashion coordination app, etc.
ValueCommerce Co., Ltd.
- Major businesses/services: Marketing solution business (Affiliate marketing), and EC solution business
(Japanese only)Ikyu Corporation
- Major businesses/services: Operation of Internet reservation websites for high-end hotels and restaurants, etc.
Strategic Business
Consolidated Subsidiaries
PayPay Corporation
- Major businesses/services: Development and provision of electronic payment services such as mobile payment
(Japanese only)PayPay Card Corporation
- Major businesses/services: Credit card, card loan, credit guarantee business
Z Financial Corporation
- Major businesses/services: Managing of group companies such as PayPay Bank Corporation, PayPay Insurance Service Corporation, PayPay Asset Management Corporation
(Japanese only)LINE Pay Corporation
- Major businesses/services: Operation of mobile money transfer/payment service
LINE Xenesis Corporation
- Major businesses/services: Management of Group companies operating a cryptocurrency brokerage and blockchain-related business
(Japanese only)PayPay Bank Corporation
- Major businesses/services: Banking
(Japanese only)PayPay Insurance Service Corporation
- Major businesses/services: Non-life insurance agency business and life insurance solicitation business
LINE NEXT Corporation
- Major businesses/services: Planning and development related to LINE Blockchain and global NFT platform business
(Japanese only)LINE Healthcare Corporation
- Major businesses/services: Telemedicine business
Others
Consolidated Subsidiaries
Equity Method Affiliate
International Business Development
LINE, used by 178 million users in four major countries and regions, continues to expand globally.
- Generating revenue mainly from advertising, stickers, and game businesses based on messaging.
- For new revenue sources, focusing on expanding fintech, e-commerce/O2O services, based on messaging and payment
![](images/group_fig02.png)
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- *1 As of March 31, 2023.
- *2 Population for 2022. Figures are from data published by the respective Ministries of Interior.
- *3 Population for 2021. Figures are from data published by the Central Bureau of Statistics.
- *4 Data for Taiwan and Thailand are based on 2022 market research data for each country and region.