Z : Notice of Differences between Consolidated Business Results for FY2022 and FY2021
April 28, 2023 at 02:17 am EDT
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April 28, 2023
To whom it may concern
Z Holdings Corporation
Takeshi Idezawa
President and Representative Director, CEO
Stock Code: 4689
Notice of Differences between Consolidated Business Results for FY2022 and FY2021
Z Holdings Corporation hereby announces the differences between the consolidated business results for the fiscal year ended March 31, 2023 (April 1, 2022 - March 31, 2023; hereinafter "FY2022") and those for the fiscal year ended March 31, 2022 (April 1, 2021 - March 31, 2022; hereinafter "FY2021").
1. Differences between the consolidated business results for FY2022 and FY2021
(JPY Million)
Income
Net income
Operating
before
Net
Revenue
attributable to
income
income
income
owners of the parent
taxes
FY2022 (A)
1,672,377
314,533
235,219
189,163
178,868
FY2021 (B)
1,567,421
189,503
158,542
91,631
77,316
Year-on-Year
104,955
125,029
76,676
97,532
101,551
Change (Amount)
(A-B)
Year-on-Year
6.7
66.0
48.4
106.4
131.3
Change (%)
2. Reasons for the differences - Revenue
The revenue for FY2022 amounted to 1,672.3 billion yen, a year-on-year increase of 104.9 billion yen (up 6.7%), resulting in the highest fiscal year revenue.
In addition to the impact of the consolidation of PayPay Corporation in October 2022, this was due to an increase in the revenue in the Commerce Business and increases in LINE Corporation's account ads revenue and Yahoo Japan Corporation's search advertising revenue.
Operating income
Operating income for FY2022 amounted to 314.5 billion yen, a year-on-year increase of 125.0 billion yen (up 66.0%). This was due to the abovementioned revenue growth, cost optimization mainly in the Commerce Business, and recording of gain on remeasurement relating to business combinations resulting from the consolidation of PayPay Corporation etc., despite the absence of gain on sales of YJFX, Inc. recorded in the last fiscal year, impacts of the consolidation of PayPay Corporation and the weakened advertising market, etc.
Disclaimer
This is an English translation of the release. This translation is prepared and provided for the purpose of the reader's convenience. All readers are recommended to refer to the original version in Japanese of the release for complete information.
Income before income taxes, net income, net income attributable to owners of the parent
Income before income taxes, net income, net income attributable to owners of the parent for FY2022, increased year on year due to the abovementioned increases in revenue and income, etc., despite the recording of impairment losses regarding the investments accounted for using equity method related to Demae-can Co., Ltd., etc.
Disclaimer
This is an English translation of the captioned release. This translation is prepared and provided for the purpose of the reader's convenience. All readers are recommended to refer to the original version in Japanese of the release for complete information.
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Z Holdings Corporation published this content on 28 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2023 06:16:08 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%).