Tokyo, Japan - Z Holdings (TYO: 4689) has unveiled its Q1 FY2023 results.
Financial Metrics:
- Revenue: JPY 430.5 billion (US$3.03 billion) (+10.2% y/y)
- Operating Income: JPY 59.4 billion (US$0.42 billion) (-19.5% y/y)
- Net Income: JPY 40.5 billion (US$0.29 billion) (-35.6% y/y)
Strategic Updates
- Achieved the highest sales and EBITDA in Q1.
- Significant growth in the Strategic Business segment, bolstered by PayPay Corporation inclusion.
Revenue Breakdown
A. Media Business:
- 36.8% of total: JPY 158.8 billion (US$1.12 billion) (+2.1% y/y)
- Main segments: LINE Advertising (Display, Account, Other Ads), Yahoo Japan Advertising (Search, Display), Other (LINE, Yahoo Japan offerings).
B. Commerce Business:
- 48.0% of total: JPY 206.8 billion (US$1.46 billion) (+0.6% y/y)
- Main segments: Merchandise EC (Shopping, Reuse, ASKUL Online BtoB), Services EC, Other offerings.
C. Strategic Business:
- 15.2% of total: JPY 65.4 billion (US$0.46 billion) (+115.9% y/y)
- Main segments: Fintech (PayPay, PayPay Bank, Other Fintech offerings), Other (AI, LINE Search).
Forecast: FY Ending March 31, 2024
- Group reorganization: Z Holdings, LINE Corporation, Yahoo Japan Corporation - set for October 1, 2023.
- 2024 Goals: Enhance business efficiency and position for growth in 2025.
- Projected Revenue: JPY 1,900.0 billion (US$13.40 billion) (+13.6% y/y)
- EBITDA Forecast: JPY 356.0 - 366.0 billion (US$2.51 - 2.58 billion) (+7.0 - 10.0% y/y).
US$1=JPY141.75
