Ly Corporation TSE:4689
LY : Notice of Differences in Consolidated and Non-Consolidated Business Results Between FY2025 and FY2024
Source: MarketScreener
May 8, 2026
To whom it may concern
Corporate name LY Corporation
Representative Takeshi Idezawa
President and Representative Director, CEO
Stock code 4689 TSE Prime Market
Parent company of the Company
SoftBank Group Corp.
Representative Masayoshi Son
Representative Director, Corporate Officer, Chairman & CEO
Stock Code 9984 TSE Prime Market
Parent company of the Company
SoftBank Corp.
Representative Junichi Miyakawa
President & CEO
Stock Code 9434 TSE Prime Market
Notice of Differences in Consolidated and Non-Consolidated Business Results Between FY2025 and FY2024
LY Corporation (the "Company") hereby announces the differences in the consolidated and non-consolidated business results between the fiscal year ended March 31, 2026 (April 1, 2025 - March 31, 2026; hereinafter "FY2025") and those for the fiscal year ended March 31, 2025 (April 1, 2024 - March 31,
2025; hereinafter "FY2024").
Differences in the consolidated business results
Differences between the consolidated business results for FY2025 and FY2024
(JPY Million)
Revenue
Operating income
Profit before tax
Net income
Net income
attributable to owners of
the parent
FY2025 (A)
2,036,366
341,322
294,231
283,090
193,692
FY2024 (B)
1,917,478
315,033
274,882
202,403
153,465
Year-on-Year
Change (Amount) (A－B)
118,887
26,289
19,348
80,686
40,227
Year-on-Year
Change (%)
6.2%
8.3%
7.0%
39.9%
26.2%
Reasons for the differences
Revenue
The revenue for FY2025 increased to JPY2.0363 trillion, a record high, mainly driven by PayPay's consolidated results (PayPay Corporation, PayPay Card Corporation, PayPay Bank Corporation, and others) in the Strategic Business. In addition, the consolidation of BEENOS Inc. and LINE MAN CORPORATION PTE. LTD. in the Commerce Business contributed to the increase, despite the impact of the system outage caused by a ransomware attack at ASKUL Corporation in October 2025.
Operating income and profit before tax
Operating income and profit before tax for FY2025 increased compared to the previous fiscal year due to the recognition of a gain on remeasurement relating to business combinations accompanied by the consolidation of LINE MAN CORPORATION PTE. LTD., despite an increase in selling, general and administrative expenses mainly due to higher sales promotion costs, personnel expenses, and depreciation and amortization.
Net income and net income attributable to owners of the parent
Net income and net income attributable to owners of the parent for FY2025 increased year on year due to the decrease in income tax expense following a reassessment of the recoverability of deferred tax assets at PayPay Corporation as well as the utilization of tax loss carryforwards inherited by the Company from LINE Pay Corporation.
Differences in the non-consolidated business results
Differences between the non-consolidated business results for FY2025 and FY2024
(JPY Million)
Net sales
Ordinary profit
Net profit
FY2025 (A)
769,476
167,306
165,615
FY2024 (B)
763,188
65,753
38,277
Year-on-Year Change (Amount) (A－B)
6,287
101,553
127,337
Year-on-Year
Change (%)
0.8%
154.5%
332.7%
Reasons for the differences
Net sales
Non-consolidated net sales for FY2025 were generally in line with the results of FY2024.
Ordinary profit
Non-consolidated ordinary profit for FY2025 increased from FY2024 due to an increase in dividends received from consolidated subsidiaries.
Net profit
Non-consolidated net profit for FY2025 increased from FY2024 due to (i) the aforementioned increase
in dividends received, (ii) the recording of extraordinary income from gains on the extinguishment of tiein shares associated with the absorption-type mergers with Z Financial Corporation and LINE Pay Corporation, and (iii) a decrease in income taxes resulting from the utilization of tax loss carryforwards succeeded to from LINE Pay Corporation in connection with the merger.