LY Corporation earnings date
LY Corporation (YOJ0) Q2 2026 Earnings Report
DE:YOJ0 Q2 2026 EPS Results
- Actual EPS
- EUR 0.06
- Consensus EPS
- ―
- Beat/Miss
- ―
- One Year Ago EPS
- EUR 0.16
DE:YOJ0 Q2 2026 Revenue Results
- Actual Revenue
- EUR 3.17B
- Expected Revenue
- ―
- Beat/Miss
- ―
- YoY Revenue Growth
- +3.18%
Earnings Announcement Details
- Quarter
- Q2 2026
- Date
- 11/05/2026
- Time
- Before Open
- Conference Call
- Thursday, November 5, 2026
LY Corporation's next earnings date is estimated for February 4, 2027, based on past reporting schedules.
Q2 2026 Earnings Call Audio
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
The call was strongly positive overall. LY Corporation reported double-digit revenue and adjusted EBITDA growth, raised revenue, profitability, EPS and dividend guidance, and highlighted broad-based improvement across Media, Commerce and strategic businesses. The principal challenges were declines in display and search advertising, weakness in Thailand and ASKUL earnings, still-developing Agent i monetization, store digital transformation functionality gaps and difficult Kakaku.com pricing negotiations. However, the number and significance of the stated achievements and upward revisions outweighed the challenges.
LY Corporation raised its full-year revenue forecast by 14.8% year-on-year from JPY 2.24 trillion to JPY 2.33 trillion, adjusted EBITDA forecast by 28.9% year-on-year from JPY 585 billion to JPY 640 billion, adjusted EPS from JPY 30 to JPY 35, and annual dividend from JPY 11 to JPY 12 per share, with overall return of 3.4%; Commerce revenue forecast is JPY 1.06 trillion, with adjusted EBITDA of 33.6% year-on-year, and strategic business adjusted EBITDA forecast is JPY 160 billion, 69.1% up year-on-year. The guidance revisions included media revenue of minus JPY 20 billion and positive JPY 5 billion for EBITDA, Commerce revenue of positive JPY 130 billion and positive JPY 16 billion for profit, and strategic EBITDA of positive JPY 31.5 billion; search ads are expected to be minus 6%, display ads are now expected to be down 5%, and for the second half search is expected to be a similar level as Q1. Longer term, high single digit was described as conservative, while for the next fiscal year at least double digit or higher than 10% or 10% or higher growth can be realized in a sustainable manner, and reuse transaction value is expected to continue with double-digit growth.
- Strong Q2 Revenue and Adjusted EBITDA GrowthQ2 revenue increased 11.5% year-on-year and adjusted EBITDA increased 20.9%. Revenue growth exceeded 10% for three consecutive quarters, while adjusted EBITDA growth exceeded 20% for two consecutive quarters.
- Upward Revision to Full-Year GuidanceFull-year revenue guidance was raised from JPY 2.24 trillion to JPY 2.33 trillion, representing 14.8% year-on-year growth. Adjusted EBITDA guidance was raised from JPY 585 billion to JPY 640 billion, representing 28.9% year-on-year growth, and adjusted EPS guidance was raised from JPY 30 to JPY 35.
- Broad-Based Segment Profitability ImprovementAdjusted EBITDA exceeded guidance in all segments. LY Corporation's business generated a JPY 10.4 billion increase in adjusted EBITDA, while PayPay consolidated adjusted EBITDA reached JPY 14.2 billion. ZOZO and newly consolidated subsidiaries also contributed to higher profit.
- Structural Margin and Efficiency ImprovementsManagement said the company achieved both a higher gross profit margin and a lower SG&A ratio through portfolio transformation, AI-related efficiency improvements and fixed-cost reductions. These were described as structural profitability improvements rather than temporary factors.
- Higher Shareholder ReturnsThe annual dividend forecast was raised from JPY 11 to JPY 12 per share. LY Corporation also plans to establish a shareholder benefit program offering Yahoo! JAPAN Shopping gift certificates, with total shareholder return stated at 3.4% based on the dividend and benefit.
- Expansion of Agent i Across Consumer and Business Use CasesAgent i has expanded to more than 40 domain agents. LY Corporation launched a standalone app in November and launched Agent i for business at the end of October, covering customer engagement, market analysis and advertising-operation support.
- Agent i Benefits from a Large User and Merchant BaseManagement highlighted Agent i's access to more than 100 million cumulative users, 1.45 million company store accounts, unique data and one-stop services spanning information, decisions, purchases, reservations and payments.
- Early Shopping AI Engagement MetricsYahoo! JAPAN Shopping users of the AI feature and prepurchase-page viewers showed conversion rates approximately 1.7 times those of non-users. Transactions generated through AI represented 22% of transaction value.
- Agent i Monetization Has BegunLY Corporation began charging for shopping search ads at the end of August and started charging selected users for display ads in July. The company plans to introduce a premium plan for heavy token users within the fiscal year, along with shopping-assistance commissions and client billing for LINE Official Account AI mode.
- Media EBITDA Growth and High MarginMedia adjusted EBITDA increased by 10% year-on-year, and the adjusted EBITDA margin reached 40.8%, remaining above 40% for the second consecutive quarter. Growth in account advertising and user subscriptions, including LYP Premium, more than offset the decline in display advertising.
- Domestic Account Advertising GrowthPaid account numbers continued to increase, particularly among small and medium-sized enterprises. Domestic account advertising revenue increased 14.1% year-on-year.
- LYP Premium Membership and Revenue GrowthLYP Premium direct subscribers reached 10.9 million, including LINE MUSIC and sticker subscribers. Membership excluding music and sticker subscribers reached 7.27 million, while revenue on that basis increased 27.2% year-on-year.
- Commerce Revenue, EBITDA and Margin ExpansionCommerce adjusted EBITDA increased 23% year-on-year, and the margin improved from 15.5% to 17.2%. LY Corporation commerce revenue increased 9.1% year-on-year, or 63.6% including LINE MAN, while ASKUL recovery and newly consolidated subsidiaries contributed to adjusted EBITDA growth.
- Positive Commerce Transaction-Value TrendsShopping transaction value increased 0.7% year-on-year despite a high comparison base from the prior year's hometown tax-donation activity. Reuse transaction value increased 11.1% and services transaction value increased 10.3%, both representing double-digit growth. ASKUL's decline also narrowed.
- Strategic Business MomentumStrategic-business revenue reached JPY 140.7 billion, up 28.4% year-on-year. Adjusted EBITDA increased to JPY 39 billion from JPY 23 billion, and the margin rose to 27.7%. PayPay consolidated revenue increased 28.4% year-on-year, while other Fintech businesses also grew, primarily through LINE Pay Taiwan and LINE Bank Taiwan.
- Expected Sustainable Profit GrowthManagement said that while prior medium-term guidance of high-single-digit profitability growth was conservative, at least double-digit growth, or 10% or higher, could be realized sustainably from the next fiscal year. The company also expects continued efficiency improvements in engineering, personnel and outsourcing through AI.
- Growth in Store Digital Transformation InitiativesLY Corporation launched LINE Restaurant Plus and LINE Beauty Plus, strengthened commercial activities and installation work for store digital transformation, and said current growth toward its FY2028 target user base was on track.
- Security Strengthening Included in GuidanceManagement plans to allocate more budget to security-related costs, including AI-based security diagnosis and additional token costs, and stated that these costs are already included in full-year guidance.
- Commerce Platform Shift Toward Scale and Agent CommerceYahoo! JAPAN Shopping changed its fee structure to support future agent commerce, including a monthly fee scheme covering security and product-information costs. Management said the objective was to expand volume and scale while obtaining an appropriate level of profit or revenue.
- Positive Reuse-Market OutlookManagement expects reuse transaction value to continue growing at a double-digit rate in the medium term, supported by cross-border transactions from overseas shoppers amid yen depreciation and demand for reasonably priced items.
DE:YOJ0 Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 04, 2027 | 2026 (Q3) | ―- | 0.08 | ― | ― |
| Nov 05, 2026 | 2026 (Q2) | ―0.06 | 0.16 | -63.84% (-0.10) | |
| Aug 03, 2026 | 2026 (Q1) | ―0.09 | 0.09 | 11.58% (+0.01) | |
| May 08, 2026 | 2025 (Q4) | ―0.02 | 0.04 | -60.42% (-0.03) | |
| Feb 04, 2026 | 2025 (Q3) | ―0.08 | 0.07 | 14.86% (+0.01) | |
| Nov 04, 2025 | 2025 (Q2) | ―0.16 | 0.06 | 176.56% (+0.10) | |
| Aug 04, 2025 | 2025 (Q1) | ―0.09 | 0.08 | 7.95% (+0.01) | |
| May 07, 2025 | 2024 (Q4) | ―0.04 | -0.02 | 382.35% (+0.06) | |
| Feb 06, 2025 | 2024 (Q3) | ―0.07 | 0.05 | 42.31% (+0.02) | |
| Nov 05, 2024 | 2024 (Q2) | ―0.06 | 0.09 | -38.46% (-0.04) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
