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    4689   JP3933800009

Z HOLDINGS CORPORATION

(4689)
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Yahoo Japan to sell FX unit to industry leader GMO for $265 mil.

05/25/2021 | 12:08am EDT

Yahoo Japan Corp. said Tuesday it will sell a subsidiary that offers foreign exchange margin trading services to industry leader GMO Financial Holdings Inc. for 28.8 billion yen ($265 million), ending its involvement in the highly competitive space.

Yahoo Japan is expected to complete the sale of all its shares in YJFX Inc. in September. YJFX will be renamed Gaika ex byGMO Inc., according to GMO, an industry leader by volume in retail foreign exchange margin trading.

Internet and e-commerce giant Yahoo Japan, a wholly-owned subsidiary of Z Holdings Corp., plans to focus its resources on growth areas such as the PayPay smartphone cashless payment service.

Competition has been heating up among providers of retail foreign exchange margin trading with fees being slashed as they attempt to woo customers.

==Kyodo

© Kyodo News International, Inc., source Newswire

Stocks mentioned in the article
ChangeLast1st jan.
GMO FINANCIAL HOLDINGS, INC. 1.21% 837 End-of-day quote.17.39%
GMO INTERNET, INC. 2.12% 2942 End-of-day quote.-0.64%
Z HOLDINGS CORPORATION 2.20% 558.5 End-of-day quote.-10.55%
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Financials
Sales 2022 1 551 B 14 199 M 14 199 M
Net income 2022 81 946 M 750 M 750 M
Net Debt 2022 115 B 1 050 M 1 050 M
P/E ratio 2022 53,5x
Yield 2022 1,12%
Capitalization 4 242 B 38 842 M 38 831 M
EV / Sales 2022 2,81x
EV / Sales 2023 2,48x
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
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 558,50 JPY
Average target price 659,64 JPY
Spread / Average Target 18,1%
EPS Revisions
Managers and Directors
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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