Slide 1: LY Corporation FY2023 Q4 Earnings Presentation
LINEV 7-424 RAHAS 2023FE FARO SS 40088 HE sE3¢I—K : 4689 LINEV7-
Slide 2: FY2023 Q4 Results Summary
20238 S40+H8 iRia
Slide 3: FY2023 Q4 Consolidated Results Overview
2H (#8) Fe Lik So Linii see RO— Ree LAFEGAR MB PSHE R AMT ARMARO a BBA FOHMBR VBA BRAlit 2023FE B40+H SRNROBAEA FY2023 Q4 4,678 1,362 3,071 579 429 364 291 94 339 BAO HRA +340 +94 +96 N/A +39.7% + PayPay##é +108 + PATI BE +73 + IBLINEF tt +56 + —tK +29 + PRIVEE +38 + LINEV27— +276 + —tK +36 + PayPay
Slide 4: FY2023 Q4 Results Highlights
2023FE S40+H MEHOMbSC hes SSRNROwREA (#8) BR Alit EO {th Se MN ts EOS ROA BOBC KORA PDE KSRAO MBIA Bi5 |UD E AB A os A PTISB DOERR zt FPSB D MEHOMBS( lees SSAA FY2023 Q4 339 110 BI fe OES +96 +135 +39.7% +48.8% -52.8% N/A N/A +93.0% -1.2% N/A N/A N/A + RAB +28 + BRS| SRA BA -52 + LINE Banks8iz# {eet
Slide 5: FY2023 Q4 Topics and Shareholdings
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Slide 6: ZOZO and PayPay Overview
FSHOBELS (PPA) ZOZO PayPay aS 6 aS (ERA) (ERK) nS Eafe 3 (PPA) 5,02118F 13218) 2 AN fie (PPA) 51318 518A 2 Bee (vay7- 3,22018F - 18-25 1-#-) = 7 - HEB . . BRE 1,787 Eat tai) (hoes) 51318 5118 10% enti? 14485 - 4 1. WBFRARECSCORERE 2. FY2303T ANT 5
Slide 7: Financial Summary by Item
2H (185) ae RE - REBSy Be - TOMBE D-FSBRORNE $MTBRO A MLS BRaERE RUA Aff BRAG - COMA MT BROME BAFTA ax 2023 400488 ise BUARE FY2023 Q3 89,837 15,257 6,892 7,606 6176 2,314 12,575 55,555 15,357 16,520 19,286 34,281 FY2023 Q4 tis 90,439 14,204 6,840 7,838 6,550 2,383 12,489 55,969 15,516 16,727 18,827
Slide 8: Balance Sheet and Cash Flow
Si BEI ER ete 2 AYb + F$pyyazoO— (SARK - SRS) 1 (18) (185) 727 aybh-$pyya70- aybh-$pyy3a70- (SRAMER<) (amas) 596 Bees -574 Debt 88 1,575 450 212 452 ae 2H mn i He 329 De 8” a *2,6 -2,149 +1,213 -2,907 +432 nga -1,05385 -1,26185 383 0422 Qt'23.Q2'23 03°23. a4'23 eee RB mE SR/RVAE mm CREAE 23/3 24/3BK
Slide 9: 10,000 3.00 8,000 2.50 2.00 6,000 1.50 4,000 1.00 2,000 0.50 0 0.00
10,000 3.00 8,000 2.50 2.00 6,000 1.50 4,000 1.00 2,000 0.50 0 0.00
Slide 10: Segment Services Overview
2H REVICIXAY LORS SHCSSRORERII—ZAAdDL. 2023FBO3LOVIVRIXAY -eBS [LINEAY YZ] . [LINEGAME] . [LINE MUSIC! . Eat [LINERS YZ] . [LINE GAME] . [LINE MUSIC] , ~FY2023 Q2 FY2023 Q3~ F4RIUA IES POY MRE BRRS | — LINERS 77% ZOAHLINER SS =e il = BRRS FARIA BS = ‘S OE v2 -a8 FAATV ABS Caz) a Es FOLKS G2) c ZOHPL
Slide 11: Media Business
AF APB
Slide 12: Media Business P&L
MR (P/L): AT 4 PBR Gar) FY2022 FY2023 0412.3 Fo Lines 181,373 180,804 -0.3% Beeb 140,674 146,572 +4.2% BRBS 52,755 51,659 -2.1% PROVERBS 22,429 28,133 +25.4% FARIS 65,489 66,778 +0.7% Zot (N-F4 DI | LYIA/ FIAY | 1E1=47-Y3ay¥) 40,698 34,232 -15.9% cot fi 35,005 33,997 -2.9% Peet 106,347 106,976 +0.6%
Slide 13: Advertising Revenue (YoY)
aI BHRBSTT LIM - MRE (YoY) (#85) +10.6% LINEV 7-H RR 522 511 491 482 478 97 68 _ _ 88 63 2 N-bF+-94 bh 425 403 ANS 416 443 BN same Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 BRLS LM SEA 922 511 +17 08 LINEY 2 — N=bPAt4 hi FY2204 FY2304 12
Slide 14: Advertising Product Metrics
PHO? hike AMLINEARPAUY bk (FO-/VL + BA) OS! BETSY (20236AME) (FH) 386 ase 375 | RMeGew | RAXYt—-Y | eX yt—-P2 315 JU-Fsy oF 1,000%8 Aa i] 277 SAbISY 5,000F 15,00038 5H/ie Bb? 237 29VI-KFSY 15,000 45,000 =~ F/B 214 183 el 139 H | ABS | RAXYt—Y | Boxyt—v2 * asa=9-yav7sy oF 20038 A a BIbhFay 5,000 5,00
Slide 15: Media Business Revenue Breakdown by Service
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Slide 16: Advertising Revenue Detail (LINE Services)
EGG Sim (LINERS) BME / BRAS REET PHO biRS = LINEAt759y b ASGEAR tERe RESEMLLI—V—-AOXYe—IA AF pee, GBR LINEFOE-Yay2gy7 eUNe Ewe noo os omuageu AF - deh, avete LINE TB BAQH SEMA IYSYRB LINESSRU RIE Ua—9 ay AE: cbhoey FAZFLABS = LINE VOOM DI YIRE: RTRE TLINE VOOM] 97 AF: Pee LINE NEWS DUVYIRE RTRRE [=a
Slide 17: Advertising Revenue Detail
BBS FAAZFLIGS maz Yahoo!iks [F4A2ZFL4BS) GRP) yavevIbs GEAR) FOE Yahoo!iks [F42PLABES!) (PHB) YaveVIBS (PHB) £41 Sim (Yahoo!ss) EGREDK DU VYIRE » RRR DU IYDRE BRE DY N-DVsavVRE CA-PIWAYIL YY AYRE MRL RES MRE RES sao RERERN— TD hYPR-D DYFYYR-Y Nobt—t4 b [Yahoo!Y a yeY TZ] hy DYFYYR-I [Yahoo!Y a yeY T
Slide 18: Commerce Business
AVY-Asz
Slide 19: Commerce Business P&L
ABR #4iRR(P/L): IV-ABEe (6p) 22 Q4123 FY2023 Q4t YoY Fo Lies 191,389 209,959 +9.7% LINEV 7— 28,655 37,279 +30.1% YavevIse 15,489 20,424 +31.9% YIA-ABE 10,287 9,995 -2.8% Y-ECRECBE 5,783 6,594 +14.0% zat -2,904 265 N/A ZOZO, PATIAS 162,733 172,680 +6.1% co Li 93,822 98,557 +5.0% nee 87,113 97,418 +11
Slide 20: Commerce Revenue Breakdown by Service
AY-ABECIXAY LOZEY-EZ - BR iB LINEV 7— - ahoolyayeyZ). LINE YSyeY2). [LINE FRIENDS] . [LINE#7hJ . [MySmartStore!) , YayvevIBe TYahoo!¥—k by ASKUL] . [LIVEBUY] . #39EC ( [LINE SHOPPING (433° 9-1)) . [GIFTSHOP] . [EZ STORE] . [QUICK EC] . [MyShop] . Zot) Y1-282 [Yahoola-JyYay). [Yahoo!7 UY] Y—ERECHER [
Slide 21: Commerce KPIs
fiaxKPI : eIVY-ARMRBOER care, elY-A2nRS = HAVRARRES = awe IYahooly a YE] . [ZOZOTOWN] . [LOHACO] , [¥P—Al . YaAvey Tem [LINE FRIENDS] . [MySmartStore?) . TYahoo!¥—k by ASKUL] . [LIVEBUY] Y1-2BF lYahoola-JYay) . [Yahoo!l7UYJ . [ZOZOUSED] PAT IBtOBES os (479-49 Pee TASKUL! . [SOLOEL ARENA] . [APMRO] .
Slide 22: Strategic Businesses
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Slide 23: PayPay KPIs
bible PayPay =2KPI 1) PayPay SR1—F— RW MTU2 (Ba) RAE (Ha) GA (ft) 5,995 6,146 oe 15.84 16.12 650 5,837 ’ 5,664 , 13.92 3,033 3,021 3,076 YoY +18.5% 04'22 ar23 02'23 03'23 04'23 04'22 ar'23 02'23 03'23 04'23 1, SDOLBAAEROPayPayDP DIY KERTH 2. MTU (Monthly Transaction Users) : 1 BICIBDL.E. eit Io-J1-F
Slide 24: PayPay KPIs
ansay GA) 1,162 1,117 1,042 1,073 1,004 YoY +15.8% Q4'22 Q1'23 Q2'23, Q3'23. -Q4'23 1. 20222 FO HRBLE [ILI yb (IB EH) CKSRBESO PayPay#— KF =BKPI Rune! ((F5) i510 12791 10,792 Ttt0 9,719 YoY +31.6% Q4'22 Q123.—Q2'23.--03'23.—a4'23 YRRS (fF) 3,459 3,346 3,173 2,942 2,598 YoY +33.1% Q4'22. Q123.—Q2'23.
Slide 25: Fintech KPIs
Fe LMES (83) 119 109 102 102 YoY +13.7% Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 PayPay8k4F ORE @) 789 758 ne 737 696 YoY +13.4% Q4'22 Q1'23 Q2'23 Q3'23 A4'23 =EKPI AEBS (483) 17,965 17,800 16,669. 16,888 16,933 YoY +6.8% Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 RwSES (85) 6,761 6,495 6,244 6 130 YoY +16.8% Q4'22 Q1'23 Q
Slide 26: Fintech Business Ownership Structure
BURRS 100% ZI4FYY I HR) 46.6% 76.6% ees | Ee 100% 51% 1. RRMHBAS 2. BiR-ILF 4 YT (th) RBBOS7.IWELINEP 7 — (tk) RBDOS.INESH HNSMSROBABR! Mi sere pORERaH EE omsKAt 100% 100% Zh-WF4YI2A LINE Pay (##) ches Ge) 50% BR-IF4YIA 51% (#&) LINE Credit (#8) 63.9%? PayPay (#k) LINESESS (#8) 35% PayPayaiks (##) P
Slide 27: Global Fintech KPIs: LINE
Global Fintech# =2KPI| LINE LINE BK (94) 1—#—& LINE Bank (17 EXY7) 1-F—-B @) @) 655, 94 634 608 572 82 544 70 62 55 YoY +20.5% YoY +69.8% Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 26
Slide 28: Strategic Businesses P&L
S4ABER(P/L) : WBS ee FY2022 Q412 FY2023 Q412 Fe EWR 63,493 78,342 +23.4% Fintech 61,351 78,016 +27.2% PayPayié? 43,065 55,582 +29.1% PayPaysit74 9,757 11,628 +19.2% EOE (LINE FintechS) 8,527 10,805 +26.7% EO {he BS 2141 325 -84.8% TLE 5,265 4,321 -17.9% Ree 82,920 95,105 +14.7% InsReEe - KSSe 13,692
Slide 29: Strategic Businesses EBITDA
fe 5345! - EBITDA? (IFRSB#) (82) 556 514 461 480 7 23 33 -58 Q4'22 Q1'23 Q2'23 Q3'23 mw tS om EBITDA PayPayi#ia 348 563 Q4'23 (#85) ae RERORE EOWAE af BAFTA EOHAE maz BiG AUK (IFRS) 18,784 19,002 +217 6,043 5,807 -235 12,741 13,194 +453 18,256 18,465 +209 6,438 6,744 +306 11,818 11,721 -97 527 536 +
Slide 30: PayPay Bank Financial Data
PayPay8his (tk) i FS EM ts - SAF (IFRSHK) 1 MBUKHRS (HABA)! er) ee) FY2028108)) FY202304 119 16 109 az 20,584 20,525 102 102 RE - RLS 3,636 2,482 -1,153 BME TOME 259 258 41 RIBROB HES 7,755 8,127 +371 ARBRE 23 26 +2 RE 97 104 47 Afi 19,243 19,166 -76 28 26 26 BRE TOM 190 258 +68 14 16 RIBRORE 17,965
Slide 31: Strategic Business Revenue Breakdown
HBR IXY LOEEY—ER - HB JAB PUER Fintech - PayPayiéit PayPay,. PayPayd—F PayPaysh{t - PayPayPtybyAYXY bE, [PayPayléltAJ . [LINE Payl . TLINEAD?] . TLINERZybhYyA-! . Toth [LINE BITMAX] . [LINE FX] . [DOS] . €@¢tt Entth eo 30
Slide 32: LINE Business
iB Sb 33 Se
Slide 33: LINE Service KPIs
MNS SSERM LINE Bia. 94. FY FAY PeRDEe ees HUBICSUCT. ERNGU-FCYVIP Ayveviy -4BRCLEBE, ZIYI, F-HBRERDCMMe A y LINE BO 5G EMRE Bs 2,200 MAU! LINE TODAY ; . (8) = (AD #2341542) THBY = PNo.15 293 297 264 241 239 a4 5,600 MAU! @ LINEBK _LINETODAY | (AQ: 6,6095 AS) ThIBY = PNo.15 AYERUP 6005 MAU! © LINE Ba
Slide 34: Management Policy
JERI
Slide 35: Cost Structure and Outlook
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Slide 36: User Numbers by Service
1-9-me vyo— BROF4Y1-Y-IDR LINE BYP 95 471-7 -h (8A) (8A) 24463H Global M 196 54.9 54.3 54.2 58.9 55.5 178 178 179 180 181 7 6 6 6 6 54 54 55 55 56 22 22 22 22 22 95 95 96 96 97 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 mo*x 8 a3 g4 AYERUP 1, EE4OH - thee SOUR CSISI-F-ROSEHt 35
Slide 37: • • • • • • • • • • • • • •
• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •
Slide 38: Notes
ASIA ABBAS AUSSANONSld, GRICNTSRBLUSENTVSHAVSOTM, SBORMAECEER IKKO, CHORBLEAS< BESBRLROSSCLECTRS EA), SHOMMICMEE SAS SHHORM BRM (AMESBSE) O [B¥SOVAT] CHOKFOCCSR<KRU. KEL, BMICRBESAIS BRt (BRSOUAT| [CRMANTNSPACMECNSFOCSEVCCECHRS EAL. ABW - F-IO MAGFHIS OER < EE.
Slide 39: LY Corporation
LINEV7—- [WOW] @54775SYbI74-Heao,. BRC [!) Salts.