LY Corporation · TSE:4689

LY — FY2026 Q2 Earnings Presentation

27 slides from LY's earnings presentation, Nov 5, 2026

  1. Slide 1: LY Corporation Earnings FY2026 Q2

    LY Corporation Earnings FY2026 Q2 November 5, 2026 Security Code: 4689

  2. Slide 2: FY2026 Q2 Earnings Highlights

    FY2026 Q2 Earnings Highlights LY Corporation’s profitability continues to improve, with adjusted EBITDA up +20% YoY 1 - FY2026 Q2 Results: Consolidated revenue JPY563.6 B (YoY +11.5%) / Consolidated adjusted EBITDA JPY151.6 B (YoY +20.9%) Raised full-year earnings and dividend forecasts; introduced

  3. Slide 3: Table of Contents

    Table of Contents 1 Financial Results – Consolidated 2 Financial Results – by Segment

  4. Slide 4: Financial Results – Consolidated

    Table of Contents 1 Financial Results – Consolidated 2 Financial Results – by Segment

  5. Slide 5: FY2026 Q2 – Performance

    Consolidated FY2026 Q2 – Performance Consolidated revenue and adjusted EBITDA achieved double-digit growth, with progress exceeding the initial plan Segment Item FY2026 Q2 % YoY Change Progress Against Guidance Revenue JPY563.6 B +11.5 % +49.9 % Consolidated Adjusted EBITDA JPY151.6 B +20.9 % +52.4

  6. Slide 6: Consolidated – Performance

    Consolidated Consolidated – Performance Revenue and adjusted EBITDA continued to grow at double-digit rates, while the margin remained high at 26.9% Revenue / %YoY Growth Adjusted EBITDA / %YoY Growth Adjusted EBITDA Margin (JPY B) (JPY B) +9.4% +10.7% +13.1% +11.5% +23.1% +20.9% % Growth +11.2% % G

  7. Slide 7: Consolidated – Performance: Factors of Change in Adjusted EBITDA

    Consolidated Consolidated – Performance Continued gross profit growth at LY Corporation and strong growth in PayPay Consolidated Factors of Change in Adjusted EBITDA1 (YoY) (JPY B) Adjusted EBITDA of ZOZO/ASKUL/newly (YoY +20.9%) Adjusted EBITDA of LY Corporation, etc. Adjusted EBITDA of consolidate

  8. Slide 8: FY2026 Consolidated Full Year Guidance

    Consolidated FY2026 Consolidated Full Year Guidance Upward revision to revenue and profit forecasts following strong first-half performance Before Guidance Revision After Guidance Revision Segment Item FY2026 YoY FY2026 YoY Revenue JPY2.24 T +10.0 % JPY2.33 T +14.8 % Consolidated Adjusted EBITDA JPY

  9. Slide 9: Reason for Revising the Guidance

    Consolidated Reason for Revising the Guidance Profitability improvements exceeded initial expectations Variance in FY2026 Consolidated Adjusted EBITDA Guidance Sustained Improvement in Profitability Following the Business Integration (JPY B) Media/Commerce/Strategic Segments (Excluding Listed Subsid

  10. Slide 10: Shareholder Returns

    Consolidated Shareholder Returns Combined yield will improve to 3.4% following an upward revision to the dividend forecast and the introduction of a new shareholder benefit program Dividend Trends New Shareholder Benefit Program Yield Trends (JPY) After revision 3.40% Dividend + Yahoo! JAPAN Shoppin

  11. Slide 11: Agent i's Characteristics

    Consolidated Agent i’s Characteristics Seamless, end-to-end solutions spanning user touchpoints, data, conversion, and payments Users Companies/Stores/Brands Cumulative total: 1.45 Mil+ 100 Mil+1 accounts2 Proprietary Data Functions and Information Required for Executing Tasks Diverse Monetization P

  12. Slide 12: B2C | AI Agent Service Usage

    Consolidated B2C | AI Agent Service Usage Offering more than 40 domain agents, expanding the user base through everyday service usage Agent i App Agent i Scheduling Agent Yahoo! JAPAN Shopping • Expand user reach with a standalone app • Can also be accessed directly from LINE chats, AI feature suppo

  13. Slide 13: B2B | Agent i for Business

    Consolidated B2B | Agent i for Business End-to-end AI support across all business activities, from customer engagement to business operations LINE Official Account AI Mode Agent i BIZ Seamless AI support on LINE Official Accounts, from inquiries and searches By chatting with an AI agent, businesses

  14. Slide 14: Agent i Monetization

    Consolidated Agent i Monetization Phased rollout of user fees, commissions, and other charges following advertising-based monetization Commission on Agent-Based User Billing Agent-Based Ads Transactions Client Billing Agent i Agent i Ads AI Purchase Support LINE Official Account AI Mode • Fees for s

  15. Slide 15: Financial Results – by Segment

    Table of Contents 1 Financial Results – Consolidated 2 Financial Results – by Segment

  16. Slide 16: Media Business – Performance

    Media Business Media Business – Performance Adjusted EBITDA maintained double-digit growth, with EBITDA margin remaining above 40% Revenue / % YoY Growth1, 2, 3 Adjusted EBITDA / % YoY Growth1, 2, 3 Adjusted EBITDA Margin1, 2, 3 (JPY B) (JPY B) +2.6% +1.9% +14.2% -0.3% +0.1% +1.3% +10.0% % Growth +4

  17. Slide 17: Media Business – Performance

    Media Business Media Business – Performance Revenue1, 2 Adjusted EBITDA1, 2, 3 (JPY B) (JPY B) 180.2 183.5 +1.9% (YoY +10.0%) Decrease Increase in COGS 74.8 Search Advertising 43.1 42.3 -1.7% in revenue -1.3 +3.3 -2.0 68.0 Decrease 58.3 -8.2% in SG&A, etc. Display Advertising 63.6 39.0 +11.7% Accoun

  18. Slide 18: Media Business: Account Advertising

    Media Business Account Advertising Growth led by LINE Official Accounts in Japan No. of Paid LINE Official Accounts (Global/Japan)1 Revenue / % YoY Growth (Thousands) (JPY B) 516 +16.7% +16.6% +16.6% 493 500 +14.1% LINE Official 484 Pay-As-You-Go +13.3% 469 47 Billing Accounts1 Account (Japan) 43 46

  19. Slide 19: Accelerating monetization on LINE through initiatives for businesses and stores

    Consolidated LINE Official Account, MINI App, Digital Transformation (DX) of Stores Accelerating monetization on LINE through initiatives for businesses and stores LINE Official Account LINE MINI App Store DX Enhance Monetization Increase No. of MINI apps Enhance Monetization/Expand Touchpoints Pric

  20. Slide 20: LYP Premium

    Consolidated LYP Premium Revenue from user subscription grew through enhanced benefits and expanded plan offerings Membership Base Expansion YoY Revenue Growth Rate of LYP Premium3 Excludes MUSIC and sticker subscribers2 No. of Direct Subscribers1 (Mil) New LINE benefits boosted membership Service l

  21. Slide 21: Commerce Business – Performance

    Commerce Business Commerce Business – Performance Double-digit growth in both revenue and adjusted EBITDA for two consecutive quarters, with margin remaining above 17% Revenue / %YoY Growth1, 2, 3 Adjusted EBITDA / %YoY Growth1, 2, 3 Adjusted EBITDA Margin1, 2, 3 (JPY B) (JPY B) +8.6% +12.5% +11.1%

  22. Slide 22: Commerce Business – Performance

    Commerce Business Commerce Business – Performance Revenue1,2 Factors of Change in Adjusted EBITDA1,2,3 (JPY B) (JPY B) 240.5 +11.1% Decrease in adjusted EBITDA (YoY +23.1%) Increase of ASKUL 216.5 +63.6% in COGS +0.6 -1.6 41.2 76.3 Excludes LY Corporation 46.6 LINE MAN (+9.1%) -0.8 Decrease +1.7 in

  23. Slide 23: Commerce Business: Transaction Value

    Commerce Business Transaction Value1 Shopping transaction value continued to grow, with double-digit growth in reuse and services Shopping Reuse Services ZOZO & ASKUL Transaction Value / %YoY Growth Transaction Value / %YoY Growth Transaction Value / %YoY Growth Transaction Value / %YoY Growth (JPY

  24. Slide 24: Strategic Business – Performance

    Strategic Business Strategic Business – Performance Adjusted EBITDA rose significantly to JPY39.0 billion, with margin further improving to 27.7% Revenue / %YoY Growth1,2,3 Adjusted EBITDA1,2.3 Adjusted EBITDA Margin1,2,3 (JPY B) (JPY B) +34.9% +30.0% +34.9% +34.9% +28.4% 39.0 % Growth 35.0 140.7 27

  25. Slide 25: Strategic Business – Performance

    Strategic Business Strategic Business – Performance Revenue1,2,3 Factors of Change in Adjusted EBITDA1,2,4 (JPY B) (JPY B) 140.7 +28.4% Increase in revenue Increase in SG&A +31.1 +11.5 109.6 (YoY +69.0%) +3.6 39.0 Increase +28.4% in COGS 117.5 PayPay 91.5 23.0 Consolidated Other Fintech 18.1 23.2 +2

  26. Slide 26: Disclaimer

    Disclaimer Statements made at the meeting or included in the documents that are not historical facts are forward-looking statements about the future performance of LY Corporation (Company) and its consolidated subsidiaries and affiliates. The Company cautions you that a number of important factors c

  27. Slide 27: WOW Our Users!

    LY Corporation WOW Our Users!

LY — FY2026 Q2 Earnings Presentation on 6ix