Revenue: JPY453.6 B - highest quarterly revenue due to consolidation of PayPay.
Adjusted EBITDA: approx. 79% of guidance despite impact of market changes.
Consolidated performance
Whole Group
topics
Adjusted EBITDA (excluding PayPay standalone) increased due to cost optimization and selective focus on key businesses.
PayPay registered users largely grew to 54.0 million (YoY +21.2％), PayPay GMV to JPY2.22 T (YoY +51.5％). Aim for further growth through PayPay consolidation.
Due to weakening advertising market conditions, etc., will revise adjusted EBITDA guidance for the whole group to the lower limit of the guidance range.
Decided on the policy to merge ZHD/LINE Corporation/Yahoo Japan Corporation by around the end of FY2023, to further expedite decision making on Group management. Will transition to a new management structure from April 2023.
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Table of Contents
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Consolidated Business Results - Whole Group
Topics/Business Results - By Segment
Merger of Core Group Companies
Table of Contents
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Consolidated Business Results - Whole Group
Topics/Business Results - By Segment
Merger of Core Group Companies
Whole Group - Performance
Whole Group
Consolidated PayPay in Q3. Achieved highest quarterly revenue although challenging macro environment continues.
Adjusted EBITDA excluding PayPay standalone increased as a result of cost optimization and selective focus on key businesses.
YoY comparison for period after business integration only, due to the business integration between Z Holdings Corporation and LINE Corporation in FY2020 Q4.
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Before offsetting internal transactions. Independently calculated by adjusting relevant IFRS elements from the JGAAP non-consolidated figures.
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Z Holdings Corporation published this content on 02 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 February 2023 06:19:06 UTC.
Z Holdings Corporation is a holding company organized around 3 areas of activity:
- operation of e-commerce portals (69.5% of net sales): primarily operation of the Yahoo! Japan Shopping, PayPay Mall, ASKUL, Lohaco, Zozotown, Line Friends and Line Gift online stores. In addition, the group operates online auction platforms (Yahuoku!, PayPay Flea Market, etc.), online hotel and travel booking platforms (Yahoo! Japan Travel, Ikyu Travel, etc.) and electronic payment and financial services platforms (PayPay Card, PayPay Bank, LINE Securities, etc.) ;
- media services (28.2%): Internet advertising and marketing services, operation of generalist portals providing Internet tools and services (search engines, e-mail, discussion forums, electronic diaries, instant messaging, etc.), and content ( e-books, video content, thematic directories, news, etc.);
- other (2.3%).
Z HOLDINGS CORPORATION 
