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    4689   JP3933800009

Z HOLDINGS CORPORATION

(4689)
  Report
End-of-day quote. End-of-day quote Japan Exchange - 06/24
557.1 JPY   -0.32%
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SoftBank targeting IPO for payment app PayPay

05/11/2021 | 05:32am EDT
FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo

TOKYO (Reuters) - SoftBank wants to list payment app PayPay, the CEO of its wireless unit said on Tuesday, adding that subsidiary SB Payment Service could also be a candidate for listing, as he seeks to illustate growth potential at Japan's No.3 carrier.

QR code payment app PayPay has acquired almost 40 million users since launch in October 2018 through aggressive rebates as Japanese consumers shift away from cash.

"We want PayPay to IPO in the future so they will become independent... I don't think that would be too far out," said Junichi Miyakawa, who became chief executive of SoftBank Corp last month, at an earnings briefing.

The telco is seeking to convince investors of its ability to grow new business lines as the wireless market matures.

SoftBank is offering financial services via the PayPay app and plans to expand in Asia via chat app operator Line, which completed a merger with the telco's internet subsidary Z Holdings in March.

As part of its "Beyond Japan" strategy, SoftBank seperately announced it is taking a 23% stake in the data analytics arm of Malaysia's Axiata Group.

Longer term, SoftBank wants to focus on autonomous driving, Miyakawa said. The telco announced development of an autonomous driving platform with partner Toyota in 2018.

SoftBank said PayPay's gross merchandise volume, a measure of transaction volume, reached 3.2 trillion yen ($29.4 billion) in the year ended March.

($1 = 108.9100 yen)

(Reporting by Sam Nussey, editing by Louise Heavens)

By Sam Nussey


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AXIATA GROUP -1.78% 3.87 End-of-day quote.3.48%
SOFTBANK CORP. 0.35% 1453.5 End-of-day quote.12.41%
SOFTBANK GROUP CORP. 2.26% 7862 End-of-day quote.-2.43%
TOYOTA INDUSTRIES CORPORATION 0.62% 9790 End-of-day quote.19.54%
TOYOTA MOTOR CORPORATION 0.43% 9824 End-of-day quote.23.46%
Z HOLDINGS CORPORATION -0.32% 557.1 End-of-day quote.-10.78%
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Financials
Sales 2022 1 554 B 14 021 M 14 021 M
Net income 2022 84 760 M 765 M 765 M
Net Debt 2022 190 B 1 715 M 1 715 M
P/E ratio 2022 52,4x
Yield 2022 1,13%
Capitalization 4 231 B 38 168 M 38 166 M
EV / Sales 2022 2,84x
EV / Sales 2023 2,50x
Nbr of Employees 22 531
Free-Float 34,5%
Chart Z HOLDINGS CORPORATION
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Z Holdings Corporation Technical Analysis Chart | MarketScreener
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Technical analysis trends Z HOLDINGS CORPORATION
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 557,10 JPY
Average target price 678,00 JPY
Spread / Average Target 21,7%
EPS Revisions
Managers and Directors
NameTitle
Kentaro Kawabe President, Co-CEO & Representative Director
Takeshi Idezawa Representative Director & Co-CEO
Ryosuke Sakaue Group CFO & Senior Managing Executive Officer
Chiaki Fujimon Group Chief Technology Officer
In-Joon Hwang Chief Global Investment Office
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1st jan.Capitalization (M$)
Z HOLDINGS CORPORATION-10.78%38 294
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