Ano Kaisha no Shikumi
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LY

LY Corporation

Company highlights

A company that split who pays into 5 groups instead of one.

Vol.6, Chapter 1 (as of 2026-08-26)

Key figures

Period Apr 2025 to Mar 2026ConsolidatedIFRS

RevenueDisclosed ¥2.0T
Operating marginCalculated 16.8%
Net assets to total assetsCalculated 33.1%

Business revenue model

Featured in

Vol.6, Chapter 1 (as of 2026-08-26)

“Kaisha no Shikumi: Free”, Chapter 1: Google and LINE Yahoo: One Where Advertisers Pay 73.2%, One That Split the Payers Five Ways

Book’s reference date 2026-08-26 / data last checked 2026-10-20

Key points in this volumeA free service's profits depend not just on how many people use it, but on who pays.

100 million people a month use LINE free in Japan. For the year ended March 2026 revenue was ¥2,036.3 billion, and those who pay split into 5 groups: advertisers, companies with official accounts, monthly subscribers, merchants on its shopping sites, and shops that accept its payments.

In the same year that search advertising fell ¥20.8 billion to ¥179.0 billion, account advertising paid by companies rose ¥19.4 billion to ¥145.7 billion. PayPay handled ¥19,360.0 billion, of which 1.64% reaches the company.

Figures from the book

How the exits overlap at LY Corporation: against free users of LINE and Yahoo!, five groups pay — advertisers, companies, subscribers, merchants and payment-accepting shops
LY Corporation's five kinds of payer (figure from Chapter 1 of “Kaisha no Shikumi: Free”, year ended March 2026, in Japanese)

The move that changed LY Corporation

LY Corporation made PayPay a consolidated subsidiary, brought LINE and Yahoo into one company, and came to have payment revenue alongside advertising.

In October 2022 the company then called Z Holdings made PayPay a consolidated subsidiary. On October 1, 2023 the reorganisation of Z Holdings, LINE, Yahoo, and the rest was completed and LY Corporation was formed. In the year ended March 2026 PayPay's operating profit was ¥80.1 billion ($501 million) and Strategic was 21.9% of revenue. In the same year search advertising was ¥20.8 billion below the year before and account advertising ¥19.4 billion above it. Account advertising as a share of advertising revenue rose from 13.9% in the year ended March 2022 to 25.2% in the year ended March 2026.

Coverage in the book

  • What LY Corporation Makes Its Money From
  • There Are Five Payers
  • PayPay, with Gross Merchandise Value of ¥19.36 Trillion
  • LY Corporation's Ten Fiscal Years, and Its Dividend Policy
  • In October 2022, PayPay Became a Consolidated Subsidiary

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Cover of “Kaisha no Shikumi: Free” “Kaisha no Shikumi: Free” Chapter 1: LY “Google and LINE Yahoo: One Where Advertisers Pay 73.2%, One That Split the Payers Five Ways” “Ano Kaisha no Shikumi” series, Vol.6 — Kindle and paperback Find it on Amazon →

Company profile

Securities code 4689 / EDINET code E05000 / Information and Communication / Fiscal year end March 31

千代田区紀尾井町1番3号/Capital stock ¥248,144 million
Address, capital stock, fiscal year end and industry: the FSA’s EDINET code list.

Official website: https://www.lycorp.co.jp/ja/sustainability/
Official website: gBizINFO (Ministry of Economy, Trade and Industry).

Company details
CEO出澤剛 Representative
1/31/1996 Date of incorporation

Tables scroll sideways

Disclosed data

Source: Annual Securities Report (Apr 2025 to Mar 2026) · filed 2026-06-18

Profitability ★★★★★position among all companies 16.8%
Growth (revenue, 4-year average) ★★★☆☆position among all companies 6.8%
Capital efficiency ★★☆☆☆position among all companies 6.5%

Business activities and revenue composition

LY

Revenue and profit by business segment

Period Apr 2025 to Mar 2026Source Annual securities reportsConsolidated・Disclosed

SalesProfit CommerceCommerce Sales 42.2% 42% Profit 23.8% 24% Media busin…Media business Sales 36.0% 36% Profit 57.5% 58% StrategyStrategy Sales 21.8% 22% Profit 18.7% 19%
BusinessNet sales to external customers Operating income
This yearShareLast year This yearShareMarginLast year
Commerce ¥854.9 billion 42.2% ¥846.3 billion ¥87.4 billion 23.8% 10.2% ¥104.2 billion
Media business ¥729.3 billion 36.0% ¥724.9 billion ¥210.8 billion 57.5% 28.9% ¥219.0 billion
Strategy ¥442.3 billion 21.8% ¥339.9 billion ¥68.4 billion 18.7% 15.5% ¥33.3 billion
Total of the businesses ¥2,026.5 billion100.0% ¥366.7 billion 100.0%

Revenue and profit

Amounts by account
GroupAccountAmountConsolidated / Non-consolidated
Selling, general and administrative expenses Cost of sales ¥1,751.0 billion Consolidated
Selling general and administrative expenses IFRS ¥1,220.9 billion Consolidated
Other ¥200.5 billion Parent only
Depreciation ¥147.9 billion Parent only
Promotion expenses ¥126.8 billion Parent only
Business consignment expenses ¥63.1 billion Parent only
Salaries and allowances ¥59.1 billion Parent only
Taxes and dues ¥7.0 billion Parent only
Share-based payment expenses ¥2.6 billion Parent only
Profit by stage Gross profit (loss) ¥620.6 billion Parent only
Operating income ¥341.3 billion Consolidated
Net income ¥193.7 billion Consolidated
Ordinary income ¥167.3 billion Parent only

LY

Selling, general and administrative expenses

Period Apr 2025 to Mar 2026Source Annual securities reports

Cost of sales ¥1,751.0 billion (49.9%)50%Selling general and administrative expenses IFRS ¥1,220.9 billion (34.8%)35%Other ¥200.5 billion (5.7%)Depreciation ¥147.9 billion (4.2%)Promotion expenses ¥126.8 billion (3.6%)Business consignment expenses ¥63.1 billion (1.8%)¥3,510.2B
  • Cost of sales ¥1,751.0 billion
  • Selling general and administrative expenses IFRS ¥1,220.9 billion
  • Other ¥200.5 billion
  • Depreciation ¥147.9 billion
  • Promotion expenses ¥126.8 billion
  • Business consignment expenses ¥63.1 billion

Performance, financial position and capital allocation

Finance
33.1% Net assets to total assets Industry median 63.6% FY ending 3/2026 · consolidated / calculated
1.7% Return on assets (ROA)
¥319.46 Net assets per share
¥-146.4 billion Free cash flow
¥11,205.2 billion Total assets
¥2,191.7 billion Goodwill (the part of the acquisition price above the net assets acquired)
Capital allocation
193.8% Cash conversion Industry median 93.2% FY ending 3/2026 · consolidated / calculated
30.0% Return to shareholders ★★★☆☆ position among all companies FY ending 3/2026 · consolidated / calculated

Long-term changes in performance

Period 2013 to 2026Disclosed

Revenue ×5.94 from 2013 to 2026

LY

Long-term revenue, profit and asset trends

Period 2013 to 2026Source Annual securities reportsDisclosed

Mark on the chart
2,036 1,358 679 0 2013 2015 2017 2019 2021 2023 2025 2026 Net sales and operating revenue 2015 Ordinary income (loss) as a share of revenue -2.4 points 2016 Revenue (IFRS) year on year +52.2% 2017 Revenue (IFRS) year on year +30.9% 2022 Revenue (IFRS) year on year +30.0% 2,036Latest value 2026 2,036¥ billion 2,036Highest in the period shown 2026 2,036¥ billion 343Lowest in the period shown 2013 343¥ billion ¥ billion

Recent performance trends

Year-on-year comparison

Period 2013 to 2026Disclosed

Item20222023202420252026
Revenue (IFRS) ¥1,567.4B ¥1,672.4B ¥1,814.7B ¥1,917.5B ¥2,036.4B
Year on year (%) +30.0%◆ +6.7% +8.5% +5.7% +6.2%

Fiscal periods marked for changes

Earlier fiscal periods (1)
  • 2015Ordinary income (loss) as a share of revenue -2.4 points
  • 2016Revenue (IFRS) year on year +52.2%
  • 2017Revenue (IFRS) year on year +30.9%
  • 2022Revenue (IFRS) year on year +30.0%

LY

Earnings and net assets per share over time

Unit yenSource Annual securities reports

28 19 9 0 4 years ago 3 years ago 2 years ago Last year This year Earnings per share yen 437 291 146 0 4 years ago 3 years ago 2 years ago Last year This year Net assets per share yen
Consolidated indicators (15 items)
Item4 years ago3 years ago2 years agoLast yearThis year
Revenue (IFRS) ¥1,567.4 billion ¥1,672.4 billion ¥1,814.7 billion ¥1,917.5 billion ¥2,036.4 billion
Profit (loss) (IFRS) ¥91.6 billion ¥189.2 billion ¥139.1 billion ¥202.4 billion ¥283.1 billion
Profit (loss) attributable to owners of parent (IFRS) ¥77.3 billion ¥178.9 billion ¥113.2 billion ¥153.5 billion ¥193.7 billion
Comprehensive income attributable to owners of parent (IFRS) ¥107.0 billion ¥276.5 billion ¥144.3 billion ¥123.4 billion ¥219.9 billion
Equity attributable to owners of parent (IFRS) ¥2,684.4 billion ¥2,919.4 billion ¥3,037.1 billion ¥2,998.2 billion ¥2,998.8 billion
Total assets (IFRS) ¥7,110.4 billion ¥8,588.7 billion ¥9,044.0 billion ¥9,158.3 billion ¥11,205.2 billion
Equity attributable to owners of parent per share (IFRS) 358.25 yen 389.43 yen 404.89 yen 420.77 yen 437.23 yen
Basic earnings (loss) per share (IFRS) 10.2 yen 23.87 yen 15.1 yen 21 yen 27.97 yen
Diluted earnings (loss) per share (IFRS) 10.14 yen 23.8 yen 15.04 yen 20.92 yen 27.85 yen
Ratio of equity attributable to owners of parent (IFRS) 37.8% 34.0% 33.6% 32.7% 26.8%
Return on equity attributable to owners of parent (IFRS) 2.9% 6.4% 3.8% 5.1% 6.5%
Net cash provided by (used in) operating activities (IFRS) ¥266.3 billion ¥93.1 billion ¥316.5 billion ¥519.6 billion ¥662.9 billion
Net cash provided by (used in) investing activities (IFRS) ¥-303.9 billion ¥319.8 billion ¥-444.1 billion ¥-505.6 billion ¥-809.2 billion
Net cash provided by (used in) financing activities (IFRS) ¥91.6 billion ¥105.8 billion ¥-81.5 billion ¥-416.8 billion ¥153.3 billion
Cash and cash equivalents (IFRS) ¥1,127.5 billion ¥1,651.9 billion ¥1,420.4 billion ¥1,043.9 billion ¥1,068.0 billion
Parent only indicators (14 items)
Item4 years ago3 years ago2 years agoLast yearThis year
Net sales ¥92.3 billion ¥53.3 billion ¥378.2 billion ¥763.2 billion ¥769.5 billion
Ordinary income (loss) ¥62.5 billion ¥20.3 billion ¥78.3 billion ¥65.8 billion ¥167.3 billion
Net income (loss) ¥55.8 billion ¥19.4 billion ¥11.3 billion ¥38.3 billion ¥165.6 billion
Capital stock ¥238.0 billion ¥247.1 billion ¥248.1 billion ¥250.1 billion ¥252.1 billion
Total number of issued shares (common stock) 7,596,161,000 shares 7,633,501,000 shares 7,637,068,000 shares 7,154,182,000 shares 6,884,244,000 shares
Net assets ¥2,338.0 billion ¥2,345.7 billion ¥2,347.4 billion ¥2,200.8 billion ¥2,231.0 billion
Total assets ¥3,547.7 billion ¥3,500.9 billion ¥3,919.4 billion ¥3,786.3 billion ¥3,782.6 billion
Net assets per share 309.95 yen 307.53 yen 307.94 yen 303.19 yen 319.46 yen
Dividend per share 5.81 yen 5.56 yen 5.56 yen 7 yen 7.3 yen
Basic earnings (loss) per share 7.36 yen 2.58 yen 1.51 yen 5.24 yen 23.91 yen
Diluted earnings per share 7.31 yen 2.58 yen 1.5 yen 5.22 yen 23.86 yen
Equity-to-asset ratio 65.5% 66.1% 58.9% 57.1% 57.9%
Return on equity 2.4% 0.8% 0.5% 1.7% 7.6%
Payout ratio 78.9% 215.5% 368.2% 133.6% 30.5%

Dividend history

Source: reporting company’s key figures, annual securities reports · 14 years (2013 to 2026)Parent-onlyDisclosed

2 periods Consecutive increases (own definition) through FY ending 3/2026
12 periods Consecutive periods with dividends (site definition) through FY ending 3/2026
+4.3% Dividend growth (year on year)
+5.6% Dividend growth (5-year annual rate)
Fiscal yearAnnual dividend per share Of which interimPayout ratio (as reported, parent only) Flag
FY ending 3/2026 ¥7.3 Could not be retrieved 30.5%
FY ending 3/2025 ¥7 Could not be retrieved 133.6%
FY ending 3/2024 ¥5.56 Could not be retrieved 368.2%
FY ending 3/2023 ¥5.56 Could not be retrieved 215.5%
FY ending 3/2022 ¥5.81 Could not be retrieved 78.9%
FY ending 3/2021 ¥5.56 Could not be retrieved 712.8%
FY ending 3/2020 ¥8.86 Could not be retrieved 141.3%
FY ending 3/2019 ¥8.86 Could not be retrieved 51.5%
FY ending 3/2018 ¥8.86 Could not be retrieved 39.9%
FY ending 3/2017 ¥8.86 Could not be retrieved 37.4%
FY ending 3/2016 ¥8.86 Could not be retrieved 43.9%
FY ending 3/2015 ¥8.86 Could not be retrieved 42.4%
FY ending 3/2014 ¥4.43 Could not be retrieved 21.2% Stock split or share consolidation noted
FY ending 3/2013 ¥401 Could not be retrieved 20.6%

LY

Dividends per share over time

Unit yenSource Annual securities reports

7 5 2 0 4 years ago 3 years ago 2 years ago Last year This year Dividend per share yen

Shareholder composition

As of 2026-03-31Disclosed

Share ownership by holder category

269,316 Shareholders
21.00% Foreign holders (total) Industry median 4.54%
4.50% Individuals and others Industry median 55.00%

LY

Unit %Source Annual securities reports

  • Financial institutions9.70%
  • Securities firms2.10%
  • Other corporations62.70%
  • Foreign holders (institutions)21.00%
  • Foreign holders (individuals)0.00%
  • Individuals and others4.50%
  • Government and municipalities0.00%

Research and development expenses and capital expenditure

Source: R&D and capital expenditure sections, annual securities reports · 2 years (2021 to 2026)Disclosed

¥48.2 billion Research and development 2.4% of revenue (industry median 0.8%)
¥173.8 billion Capital expenditure 8.5% of revenue (industry median 2.0%)
Fiscal year Research and development Capital expenditure
FY ending 3/2026 ¥48.2 billion ¥173.8 billion
FY ending 3/2021 ¥2.8 billion ¥94.5 billion

Revenue scale in the same industry

LY

Source Annual securities reports of each company

Information and Communication: 642 companies · revenue · largest first・each company’s latest fiscal year・Consolidated・Disclosed

Workforce information

Source: Annual Securities Report (Apr 2025 to Mar 2026)Parent-onlyDisclosed

10,577 Employees (parent only) Industry median 138
39.0 Average age Industry median 38.1
9.6 years Average length of service Industry median 6.3 years
¥9.02 million Average annual salary Industry median ¥6.54 million
People and organisation
68.2¥ million Sales per employee Industry median 24.7¥ million FY ending 3/2026 · consolidated / calculated
¥11.43 million Operating income per employee
79.5% Wage gap between men and women
18.6% Women in managerial positions
Men 7,449
Women 3,687
Employees by gender
11,490 Average temporary staff

Administrative filings and published information

Workplace information filings

Filed 2026-09-09Disclosed

ItemValue
Employees 11,136
Annual paid leave taken (all employees) 87.4%
Share of managers who are women 18.6%

Greenhouse gas emissions

Reported to the government for fiscal 2023Disclosed

CategoryEmissions
特定事業所排出者225,816 t-CO2
Sites covered by the report8

Audit and disclosure information

Annual securities report, year ended 2026-03-31Disclosed

ItemValue
Audit firm 有限責任監査法人トーマツ
Audit fees (this year, total) ¥3.2 billion
Non-audit fees (this year, total) ¥0.3 billion
Audit fees (this year, network firms) ¥0.3 billion
Non-audit fees (this year, network firms) ¥28.00 million
Going concern note Cannot be determined
Accounting standard IFRS

Sources and methodology

Retrieved disclosed figures

Accounts and values from the annual securities report, by section

Major management indicators (5 years) (29 items)

ItemValueConsolidated / Non-consolidated
Net cash provided by (used in) operating activities (IFRS) ¥662.9 billion Consolidated
Basic earnings (loss) per share (IFRS) 27.97 yen Consolidated
Revenue (IFRS) ¥2,036.4 billion Consolidated
Diluted earnings (loss) per share (IFRS) 27.85 yen Consolidated
Profit (loss) (IFRS) ¥283.1 billion Consolidated
Profit (loss) attributable to owners of parent (IFRS) ¥193.7 billion Consolidated
Comprehensive income attributable to owners of parent (IFRS) ¥219.9 billion Consolidated
Net cash provided by (used in) investing activities (IFRS) ¥-809.2 billion Consolidated
Cash and cash equivalents (IFRS) ¥1,068.0 billion Consolidated
Total assets (IFRS) ¥11,205.2 billion Consolidated
Equity attributable to owners of parent (IFRS) ¥2,998.8 billion Consolidated
Return on equity attributable to owners of parent (IFRS) 6.5% Consolidated
Ratio of equity attributable to owners of parent (IFRS) 26.8% Consolidated
Net cash provided by (used in) financing activities (IFRS) ¥153.3 billion Consolidated
Equity attributable to owners of parent per share (IFRS) 437.23 yen Consolidated
Dividend per share 7.3 yen Parent only
Net sales ¥769.5 billion Parent only
Net income (loss) ¥165.6 billion Parent only
Diluted earnings per share 23.86 yen Parent only
Total number of issued shares (common stock) 6,884,244,000 shares Parent only
Net assets ¥2,231.0 billion Parent only
Ordinary income (loss) ¥167.3 billion Parent only
Total assets ¥3,782.6 billion Parent only
Return on equity 7.6% Parent only
Equity-to-asset ratio 57.9% Parent only
Capital stock ¥252.1 billion Parent only
Payout ratio 30.5% Parent only
Basic earnings (loss) per share 23.91 yen Parent only
Net assets per share 319.46 yen Parent only

Accounts unique to this company (48 items)

ItemValueConsolidated / Non-consolidated
Revenue ¥341.3 billion Consolidated
Revenue 29,863 Consolidated
Revenue 11,490 Consolidated
Revenue ¥52.8 billion Consolidated
Revenue ¥32.3 billion Consolidated
Revenue ¥1,252.9 billion Consolidated
Revenue ¥1,550.8 billion Consolidated
Revenue ¥1,616.0 billion Consolidated
Revenue ¥2,701.2 billion Consolidated
Revenue ¥5.5 billion Consolidated
Revenue ¥7.9 billion Consolidated
Revenue ¥38.7 billion Consolidated
Revenue ¥19.6 billion Consolidated
Revenue ¥10.8 billion Consolidated
Revenue ¥-3.2 billion Consolidated
Revenue ¥0.6 billion Consolidated
Revenue ¥-3.1 billion Consolidated
Revenue ¥29.3 billion Consolidated
Revenue ¥1.8 billion Consolidated
Revenue ¥4.9 billion Consolidated
Revenue ¥-61.4 billion Consolidated
Revenue ¥5.5 billion Consolidated
Revenue ¥19.6 billion Consolidated
Revenue ¥-10.8 billion Consolidated
Revenue ¥26.2 billion Consolidated
Revenue ¥-271.3 billion Consolidated
Revenue ¥-362.9 billion Consolidated
Revenue ¥488.6 billion Consolidated
Revenue ¥-833.6 billion Consolidated
Revenue ¥251.4 billion Consolidated
Revenue ¥-14.8 billion Consolidated
Revenue ¥685.5 billion Consolidated
Revenue ¥-720.5 billion Consolidated
Revenue ¥7.9 billion Consolidated
Revenue ¥38.7 billion Consolidated
Revenue ¥19.6 billion Consolidated
Revenue ¥10.8 billion Consolidated
Revenue ¥481.0 billion Consolidated
Revenue ¥724.8 billion Consolidated
Revenue ¥-243.8 billion Consolidated
Revenue ¥176.4 billion Consolidated
Revenue ¥61.4 billion Consolidated
Change in average annual salary from the previous year 2.0% Parent only
Revenue ¥163.8 billion Parent only
Revenue ¥2.7 billion Parent only
Revenue ¥2.1 billion Parent only
Revenue ¥2.0 billion Parent only
Revenue ¥57.6 billion Parent only

Employees (10 items)

ItemValueConsolidated / Non-consolidated
Number of employees 29,863 people Consolidated
Wage gap between men and women (all employees) 79.5% Parent only
Average length of service (years) 9.6 years Parent only
Average annual salary ¥9.02 million Parent only
Average age (years) 39 years old Parent only
Number of employees 10,577 people Parent only
Number of employees 10,577 people Parent only
Number of employees 10,577 people Parent only
Wage gap between men and women (regular employees) 80.4% Parent only
Wage gap between men and women (non-regular employees) 79.0% Parent only

Shares (16 items)

ItemValueConsolidated / Non-consolidated
Number of shares held 5,278,391,125 shares Consolidated
Total number of shares held treasury shares etc 5,439,700 shares Consolidated
Number of issues whose number of shares decreased shares not listed investment shares held for purposes other than pure investment reporting company 1 issues Consolidated
Number of issues whose number of shares decreased shares other than those not listed investment shares held for purposes other than pure investment reporting company 1 issues Consolidated
Total sale amount for decreased shares shares not listed investment shares held for purposes other than pure investment reporting company ¥0 Consolidated
Total sale amount for decreased shares shares other than those not listed investment shares held for purposes other than pure investment reporting company ¥0.5 billion Consolidated
Number of shares 6,884,244,856 shares Consolidated
Shareholding ratio treasury shares etc 0.1% Consolidated
Shareholding ratio 76.7% Consolidated
Number of shares held in own name treasury shares etc 5,439,700 shares Consolidated
Number of voting rights 68,779,567 units Consolidated
Carrying amount on the balance sheet ¥1.9 billion Consolidated
Carrying amount on the balance sheet ¥2.9 billion Consolidated
Number of issues 12 issues Consolidated
Number of issues 4 issues Consolidated
Total shareholder return 75.2% Parent only

Other disclosed items (4 items)

ItemValueConsolidated / Non-consolidated
Average number of temporary employees 11,490 people Consolidated
Total return on the share price index 202.2% Parent only
Rate of male employees taking childcare leave (regular employees) 100.0% Parent only
Ratio of female employees in managerial positions 18.6% Parent only

Research and development (1 items)

ItemValueConsolidated / Non-consolidated
Research and development expenses ¥48.2 billion Consolidated

Property and facilities (1 items)

ItemValueConsolidated / Non-consolidated
Capital expenditures ¥173.8 billion Consolidated

Audit (10 items)

ItemValueConsolidated / Non-consolidated
Fees for audit and attestation services - reporting company ¥0.6 billion Consolidated
Fees for audit and attestation services - total ¥0.3 billion Consolidated
Fees for audit and attestation services - total ¥3.2 billion Consolidated
Fees for audit and attestation services - consolidated subsidiaries ¥0.3 billion Consolidated
Fees for audit and attestation services - consolidated subsidiaries ¥2.6 billion Consolidated
Fees for non-audit services - reporting company ¥64.00 million Consolidated
Fees for non-audit services - total ¥28.00 million Consolidated
Fees for non-audit services - total ¥0.3 billion Consolidated
Non audit fees consolidated subsidiaries network firms ¥28.00 million Consolidated
Non audit fees consolidated subsidiaries ¥0.2 billion Consolidated

Balance sheet (128 items)

ItemValueConsolidated / Non-consolidated
Other ¥20.3 billion Consolidated
Other ¥-10.5 billion Consolidated
Other ¥9.8 billion Consolidated
Other ¥-10.8 billion Consolidated
Other ¥17.1 billion Consolidated
Other ¥6.3 billion Consolidated
Accumulated other comprehensive income IFRS ¥64.3 billion Consolidated
Other current liabilities ¥245.5 billion Consolidated
Other current assets ¥107.5 billion Consolidated
Other financial liabilities ¥92.3 billion Consolidated
Other financial assets ¥714.7 billion Consolidated
Goodwill ¥2,191.7 billion Consolidated
Goodwill IFRS ¥2,191.7 billion Consolidated
Goodwill IFRS ¥2,191.7 billion Consolidated
Software ¥-313.3 billion Consolidated
Software ¥541.5 billion Consolidated
Software IFRS ¥228.2 billion Consolidated
Right of use assets IFRS ¥198.0 billion Consolidated
Retained earnings IFRS ¥996.1 billion Consolidated
Trademarks acquisition cost IFRS ¥594.2 billion Consolidated
Trademarks IFRS ¥594.2 billion Consolidated
Trade and other payables liabilities IFRS ¥2,218.5 billion Consolidated
Trade and other receivables assets IFRS ¥539.4 billion Consolidated
Land ¥2.1 billion Consolidated
Land IFRS ¥2.1 billion Consolidated
Tools, furniture and fixtures ¥294.2 billion Consolidated
Tools, furniture and fixtures ¥-181.2 billion Consolidated
Tools, furniture and fixtures ¥113.0 billion Consolidated
Buildings and structures ¥139.0 billion Consolidated
Buildings and structures ¥-46.6 billion Consolidated
Buildings and structures IFRS ¥92.4 billion Consolidated
Construction in progress ¥10.7 billion Consolidated
Construction in progress IFRS ¥10.7 billion Consolidated
Provisions liabilities IFRS ¥37.2 billion Consolidated
Investments accounted for using equity method IFRS ¥192.3 billion Consolidated
Interest bearing liabilities liabilities IFRS ¥1,962.0 billion Consolidated
Property, plant and equipment ¥525.8 billion Consolidated
Property, plant and equipment ¥-266.2 billion Consolidated
Property plant and equipment IFRS ¥259.6 billion Consolidated
Property plant and equipment IFRS ¥259.6 billion Consolidated
Income taxes payable ¥43.1 billion Consolidated
Machinery, equipment and vehicles ¥59.5 billion Consolidated
Machinery, equipment and vehicles ¥-27.8 billion Consolidated
Machinery and vehicles IFRS ¥31.7 billion Consolidated
Intangible assets accumulated amortization and impairment losses IFRS ¥-568.0 billion Consolidated
Intangible assets acquisition cost IFRS ¥1,877.6 billion Consolidated
Intangible assets IFRS ¥1,309.7 billion Consolidated
Intangible assets IFRS ¥1,309.7 billion Consolidated
Cash and cash equivalents (IFRS) ¥1,068.0 billion Consolidated
Cash and cash equivalents (IFRS) ¥1,068.0 billion Consolidated
Net assets ¥3,713.5 billion Consolidated
Net assets ¥3,713.5 billion Consolidated
Total assets ¥11,205.2 billion Consolidated
Deferred tax liabilities IFRS ¥191.9 billion Consolidated
Deferred tax assets IFRS ¥119.5 billion Consolidated
Treasury shares IFRS ¥-13.3 billion Consolidated
Equity attributable to owners of parent (IFRS) ¥2,998.8 billion Consolidated
Liabilities and equity IFRS ¥11,205.2 billion Consolidated
Liabilities IFRS ¥7,491.7 billion Consolidated
Capital surplus IFRS ¥1,699.6 billion Consolidated
Share capital IFRS ¥252.1 billion Consolidated
Non controlling interests IFRS ¥714.7 billion Consolidated
Other ¥8.7 billion Parent only
Other ¥14.3 billion Parent only
Other ¥26.5 billion Parent only
Other ¥24.3 billion Parent only
Other ¥41.00 million Parent only
Investments in other securities of subsidiaries and associates ¥96.1 billion Parent only
Valuation difference on available-for-sale securities ¥10.5 billion Parent only
Other capital surplus ¥1,445.9 billion Parent only
Other, net ¥1.1 billion Parent only
Goodwill ¥753.7 billion Parent only
Software ¥106.5 billion Parent only
Software in progress ¥18.7 billion Parent only
Lease obligations ¥41.2 billion Parent only
Lease obligations ¥23.5 billion Parent only
Retained earnings ¥248.6 billion Parent only
Legal retained earnings ¥27.00 million Parent only
Prepaid expenses ¥16.2 billion Parent only
Right of trademark ¥170.6 billion Parent only
Non-current liabilities ¥799.9 billion Parent only
Non-current assets ¥3,190.0 billion Parent only
Land ¥1.1 billion Parent only
Accounts receivable - trade ¥101.2 billion Parent only
Contract liabilities ¥41.8 billion Parent only
Tools, furniture and fixtures ¥81.8 billion Parent only
Buildings, net ¥62.0 billion Parent only
Investments and other assets ¥1,803.1 billion Parent only
Investment securities ¥13.6 billion Parent only
Subscription rights to shares ¥40.0 billion Parent only
Property, plant and equipment ¥173.6 billion Parent only
Accounts receivable - other ¥183.8 billion Parent only
Income taxes payable ¥2.0 billion Parent only
Accrued expenses ¥3.3 billion Parent only
Accounts payable - other ¥275.9 billion Parent only
Shareholders' equity ¥2,180.5 billion Parent only
Machinery and equipment, net ¥27.6 billion Parent only
Current liabilities ¥751.7 billion Parent only
Current assets ¥592.6 billion Parent only
Intangible assets ¥1,213.3 billion Parent only
Cash and deposits ¥260.7 billion Parent only
Short-term loans payable ¥72.3 billion Parent only
Bonds payable ¥355.0 billion Parent only
Net assets ¥2,231.0 billion Parent only
Net assets ¥2,231.0 billion Parent only
Total assets ¥3,782.6 billion Parent only
Deferred tax assets ¥19.5 billion Parent only
Retained earnings brought forward ¥248.6 billion Parent only
Treasury stock ¥-13.3 billion Parent only
Valuation and translation adjustments ¥10.5 billion Parent only
Liabilities ¥1,551.6 billion Parent only
Liabilities and net assets ¥3,782.6 billion Parent only
Accounts payable - trade ¥29.9 billion Parent only
Allowance for doubtful accounts ¥-2.9 billion Parent only
Allowance for doubtful accounts ¥-3.0 billion Parent only
Capital surplus ¥1,693.1 billion Parent only
Legal capital surplus ¥247.2 billion Parent only
Capital stock ¥252.1 billion Parent only
Asset retirement obligations ¥10.1 billion Parent only
Asset retirement obligations ¥87.00 million Parent only
Long-term loans payable ¥382.7 billion Parent only
Long-term prepaid expenses ¥4.7 billion Parent only
Shares of subsidiaries and associates ¥1,626.8 billion Parent only
Loans receivable to subsidiaries and affiliates ¥9.3 billion Parent only
Long-term loans receivable from subsidiaries and affiliates ¥31.1 billion Parent only
Deposits received ¥67.8 billion Parent only
Current portion of bonds payable ¥120.0 billion Parent only
Current portion of long-term loans payable ¥86.0 billion Parent only

Statement of income (95 items)

ItemValueConsolidated / Non-consolidated
Other ¥315.3 billion Consolidated
Other ¥3.7 billion Consolidated
Other comprehensive income IFRS ¥29.7 billion Consolidated
Other comprehensive income IFRS ¥29.7 billion Consolidated
Personnel expenses ¥304.7 billion Consolidated
Gain on remeasurement relating to business combinations IFRS ¥61.4 billion Consolidated
Cost of goods sold IFRS ¥320.1 billion Consolidated
Operating income ¥341.3 billion Consolidated
Operating income ¥341.3 billion Consolidated
Net cash provided by (used in) operating activities ¥662.9 billion Consolidated
Exchange differences on translation of foreign operations net of tax items that may be reclassified to profit or loss ociifrs ¥31.4 billion Consolidated
Basic earnings loss per share IFRS 27.97 yen Consolidated
Cost of sales ¥1,751.0 billion Consolidated
Cost of sales IFRS ¥530.1 billion Consolidated
Net sales ¥2,036.4 billion Consolidated
Net sales ¥2,036.4 billion Consolidated
Revenue from external customers IFRS ¥2,036.4 billion Consolidated
Diluted earnings loss per share IFRS 27.85 yen Consolidated
Profit loss IFRS ¥283.1 billion Consolidated
Profit loss IFRS ¥283.1 billion Consolidated
Profit loss IFRS ¥283.1 billion Consolidated
Profit loss IFRS ¥283.1 billion Consolidated
Comprehensive income (IFRS) ¥312.8 billion Consolidated
Comprehensive income (IFRS) ¥312.8 billion Consolidated
Comprehensive income (IFRS) ¥312.8 billion Consolidated
Net income ¥193.7 billion Consolidated
Total transactions with owners IFRS ¥-18.2 billion Consolidated
Net cash provided by (used in) investing activities (IFRS) ¥-809.2 billion Consolidated
Share of profit loss of investments accounted for using equity method IFRS ¥-7.5 billion Consolidated
Share of profit loss of investments accounted for using equity method IFRS ¥-7.5 billion Consolidated
Commission fees ¥130.3 billion Consolidated
Change in interests in subsidiaries ¥158.7 billion Consolidated
Issuance of new shares ssifrs ¥4.5 billion Consolidated
Business consignment expenses ¥154.4 billion Consolidated
Income tax expense IFRS ¥11.1 billion Consolidated
Depreciation and amortization ¥176.4 billion Consolidated
Net increase decrease in cash and cash equivalents IFRS ¥24.1 billion Consolidated
Effect of exchange rate changes on cash and cash equivalents IFRS ¥17.2 billion Consolidated
Remeasurements of defined benefit plans net of tax items that will not be reclassified to profit or loss ociifrs ¥4.0 billion Consolidated
Total of items that will not be reclassified to profit or loss ociifrs ¥1.4 billion Consolidated
Total of items that may be reclassified to profit or loss ociifrs ¥28.2 billion Consolidated
Profit loss before tax IFRS ¥294.2 billion Consolidated
Profit loss before tax IFRS ¥294.2 billion Consolidated
Profit loss before tax IFRS ¥294.2 billion Consolidated
Purchase of treasury stock ¥-148.6 billion Consolidated
Packing and transportation expenses IFRS ¥87.2 billion Consolidated
Comprehensive income attributable to owners of parent IFRS ¥219.9 billion Consolidated
Net cash provided by (used in) financing activities (IFRS) ¥153.3 billion Consolidated
Sales promotion expenses IFRS ¥201.0 billion Consolidated
Selling general and administrative expenses IFRS ¥1,220.9 billion Consolidated
Dividendsofsurplus ¥-67.7 billion Consolidated
Profit loss attributable to non controlling interests IFRS ¥89.4 billion Consolidated
Comprehensive income attributable to non controlling interests IFRS ¥92.8 billion Consolidated
Other ¥6.4 billion Parent only
Other ¥2.9 billion Parent only
Other ¥3.0 billion Parent only
Other ¥2.3 billion Parent only
Other ¥200.5 billion Parent only
Dividends from surplus ¥-50.1 billion Parent only
Interest income ¥1.1 billion Parent only
Dividend income ¥165.7 billion Parent only
Operating income ¥13.4 billion Parent only
Non-operating income ¥173.2 billion Parent only
Non-operating expenses ¥19.4 billion Parent only
Cost of sales ¥148.9 billion Parent only
Gross profit (loss) ¥620.6 billion Parent only
Net sales ¥769.5 billion Parent only
Net income (loss) ¥165.6 billion Parent only
Net income (loss) ¥165.6 billion Parent only
Gain on sales of investment securities ¥0.5 billion Parent only
Loss on valuation of investment securities ¥0.1 billion Parent only
Gain on extinguishment of tie-in shares ¥13.7 billion Parent only
Interest expenses ¥10.8 billion Parent only
Commission fees ¥1.9 billion Parent only
Issuance of new shares ¥4.0 billion Parent only
Share-based payment expenses ¥2.6 billion Parent only
Business consignment expenses ¥63.1 billion Parent only
Income taxes - current ¥15.4 billion Parent only
Income taxes ¥5.0 billion Parent only
Income taxes - deferred ¥-10.4 billion Parent only
Depreciation ¥147.9 billion Parent only
Impairment loss ¥1.3 billion Parent only
Extraordinary income ¥19.2 billion Parent only
Extraordinary loss ¥15.9 billion Parent only
Interest on bonds ¥3.7 billion Parent only
Taxes and dues ¥7.0 billion Parent only
Income (loss) before income taxes ¥170.6 billion Parent only
Ordinary income ¥167.3 billion Parent only
Salaries and allowances ¥59.1 billion Parent only
Disposal of treasury stock ¥3.6 billion Parent only
Purchase of treasury stock ¥-148.6 billion Parent only
Promotion expenses ¥126.8 billion Parent only
Selling, general and administrative expenses ¥607.1 billion Parent only
Provision of allowance for doubtful accounts ¥32.00 million Parent only
Loss on valuation of shares of subsidiaries and associates ¥12.2 billion Parent only

Statement of cash flows (25 items)

ItemValueConsolidated / Non-consolidated
Other ¥-334.3 billion Consolidated
Other ¥-23.7 billion Consolidated
Other ¥-32.6 billion Consolidated
Proceeds from sale and leaseback transactions fin cfifrs ¥13.0 billion Consolidated
Repayments of lease obligations ¥-40.9 billion Consolidated
Interest paid ope cfifrs ¥-21.8 billion Consolidated
Interest and dividends received ope cfifrs ¥6.1 billion Consolidated
Increase (decrease) in trade and other payables ¥321.4 billion Consolidated
Decrease (increase) in trade and other receivables ¥173.6 billion Consolidated
Proceeds from withdrawal of time deposits inv cfifrs ¥40.3 billion Consolidated
Subtotal ¥779.0 billion Consolidated
Proceeds from sale of investments inv cfifrs ¥66.8 billion Consolidated
Share of loss profit of investments accounted for using equity method ope cfifrs ¥7.5 billion Consolidated
Income taxes paid ope cfifrs ¥-103.9 billion Consolidated
Income taxes refund ope cfifrs ¥3.5 billion Consolidated
Depreciation and amortization ¥176.4 billion Consolidated
Decrease/increase in short-term loans payable ¥191.5 billion Consolidated
Redemption of bonds fin cfifrs ¥-70.0 billion Consolidated
Proceeds from issuance of bonds fin cfifrs ¥100.0 billion Consolidated
Regarding purchase of treasury stock ¥-148.7 billion Consolidated
Dividends ¥-49.9 billion Consolidated
Proceeds from long term borrowings fin cfifrs ¥179.2 billion Consolidated
Repayments of long term borrowings fin cfifrs ¥-113.0 billion Consolidated
Capital contribution from non controlling interests fin cfifrs ¥183.3 billion Consolidated
Dividends paid to non controlling interests fin cfifrs ¥-17.9 billion Consolidated

Statement of changes in equity (2 items)

ItemValueConsolidated / Non-consolidated
Total changes during the period ¥30.2 billion Parent only
Net changes in items other than shareholders' equity ¥-2.0 billion Parent only
Basic indicators
ItemValueConsolidated / Non-consolidatedSource
Net cash provided by (used in) operating activities ¥662.9 billion ConsolidatedDisclosed
Dividend per share 7 Parent onlyDisclosed
Number of employees 29,863 ConsolidatedDisclosed
Net assets ¥3,713.5 billion ConsolidatedDisclosed
Net sales ¥2,036.4 billion ConsolidatedDisclosed
Operating income ¥341.3 billion ConsolidatedDisclosed
Ordinary income ¥167.3 billion Parent onlyDisclosed
Net income ¥193.7 billion ConsolidatedDisclosed
Total assets ¥11,205.2 billion ConsolidatedDisclosed
Operating margin 16.8%ConsolidatedCalculated
Net margin 9.5%ConsolidatedCalculated
Sales per employee 68190269 yenConsolidatedCalculated
Total asset turnover 0.18 timesConsolidatedCalculated
Net assets to total assets 33.1%ConsolidatedCalculated
How to read the figures, and caveats

Terms

  • Consolidated: the parent company together with the subsidiaries it consolidates
  • Parent-only: the single company that filed the annual securities report
  • Calculated: a disclosed figure put through the formula shown
  • Not disclosed: no such value in the filing (not treated as zero)
  • Not retrieved: a value this page could not extract, including values in the filing that could not be matched. The same item may appear in another table
  • Segment: a business division the company uses in its disclosures
  • Industry median: the middle value among companies in the same industry that disclose the item
  • ★: position when every company is lined up by value (not a judgement of the company)See the formulas
  • Source: document name, period covered, filing date and where it was obtained
  • Tables scroll sideways

Key figures

  • Operating margin 16.8% Operating income ÷ net sales  = ¥341.3 billion ÷ ¥2,036.4 billion
    Operating income ÷ net sales. The denominator is Net sales (Consolidated, IFRS).
  • Net margin 9.5% Net income ÷ net sales  = ¥193.7 billion ÷ ¥2,036.4 billion
    Net income ÷ net sales. The denominator is Net sales (Consolidated, IFRS).
  • Sales per employee 68,190,269 yen Sales or operating revenue ÷ employees  = ¥2,036.4 billion ÷ 29,863 people
    Sales or operating revenue ÷ employees. The denominator is Number of employees (Consolidated, Japanese GAAP).
  • Total asset turnover 0.18 times Sales or operating revenue ÷ total assets  = ¥2,036.4 billion ÷ ¥11,205.2 billion
    Sales or operating revenue ÷ total assets. The denominator is Total assets (Consolidated, IFRS).
  • Net assets to total assets 33.1% Net assets ÷ total assets  = ¥3,713.5 billion ÷ ¥11,205.2 billion
    Net assets ÷ total assets. The denominator is Total assets (Consolidated, IFRS).

Company details

  • Representative President, Representative Director, gBizINFO
  • Date of incorporation gBizINFO · 30 years since incorporation

Revenue and profit by business segment

  • Source: segment information, Annual Securities Report (Apr 2025 to Mar 2026) · Consolidated · Net sales to external customers · filed 2026-06-18
  • Share: against the total of Net sales to external customers disclosed by business (100%). Adjustments, corporate, eliminations and “other” left out as they are not businesses (so no match with company-wide Net sales to external customers). Margin: calculated against the Net sales to external customers on the same row“報告セグメント計” in the segment information of the annual securities report: ¥2,026.5 billion. Gap against this table’s total (the part not listed as a business, such as “other”) within 1%The account may differ from “Revenue” at the top of this page

Amounts by account

  • Totals and their component lines together; consolidated and parent-only figures mixed (right-hand column)

Selling, general and administrative expenses

  • Breakdown of selling, general and administrative expenses (costs of selling and running the company). Cost of sales not included
  • Each item: already inside the SG&A total (not added to it)

Finance

  • Net assets to total assets Net assets ÷ total assets
  • Return on assets (ROA) Net income ÷ total assets (consolidated)
  • Net assets per share Parent only
  • Free cash flow Free cash flow: operating cash flow (cash generated by the business) plus investing cash flow (asset purchases, disposals and other investments), consolidated
  • Total assets Consolidated
  • Goodwill (the part of the acquisition price above the net assets acquired) 59% of net assets (consolidated)

Capital allocation

  • ★: position when all companies are sorted by value and cut into fifths (a position, not a rating). The five items with ★: only where both numerator and denominator are available on a consolidated basisSee the formulas
  • Cash conversion Net cash provided by (used in) operating activities ÷ operating income
  • Return to shareholders (dividends paid + purchase of treasury stock) ÷ net cash provided by operating activities。Dividends paid ¥49.9 billion + purchase of treasury stock ¥148.7 billion, over operating cash flow ¥662.9 billion

Long-term changes in performance

  • Revenue Disclosed value for 2026 ÷ disclosed value for 2013

Year-on-year comparison

  • Year on year: calculated only where the item, reporting range and accounting standard match and the periods are consecutive
  • Comparison basis not confirmed: periods with a change of accounting standard or reporting range, a moved fiscal year end, or an unconfirmed period
  • ◆: a period where revenue moved 20% or more from the prior year, profit as a share of revenue moved 2.0 percentage points or more, or profit or loss changed sign. Item used named in the table and list. Not a ranking of companies

Earnings and net assets per share over time

  • Earnings per share = net profit ÷ shares; net assets per share = net assets ÷ shares. Disclosed values from the key financial indicators of the annual securities report. No share prices used

Dividend history

  • Payout ratio: dividends as a proportion of net profit. Dividend amounts and payout ratios: the reporting company’s parent-only disclosed values (as written in the annual securities report, not recalculated from consolidated profit). Consecutive increases: years in a row, from the latest backwards, in which the annual dividend per share rose. Consecutive years with a dividend: years in a row with an annual dividend per share above zero. Both this site’s own count (not the criteria of any published index). A year with no disclosure not read as zero; counting stops there. Range limited to the years listed above. Flagged 1 years: a note about a stock split or share consolidation, or a period other than 12 months. No calculation across those years, as the dividend per share may rest on a different share base.

Share ownership by holder category

  • Source: ownership table, annual securities report. Percentages as disclosed, calculated on trading units (some companies do not total exactly 100%). Foreign holders (total): institutions and individuals combined. “Individuals and others”: a register category (not necessarily the share actually held by individuals). Industry median: the middle value among companies in Information and Communication that disclose the item (industries with at least 5 companies only).

Research and development expenses and capital expenditure

  • Research and development: total in the R&D section of the annual securities report. Capital expenditure: this year’s actual spending in the capital expenditure overview (not a plan). Years: only those available in the annual securities reports on hand (one to four per company); no row for other years. Share of revenue: divided by consolidated revenue in the same annual securities report. Industry median: the middle value among companies in Information and Communication that disclose the item (industries with at least 5 companies only).

Revenue scale in the same industry

  • Revenue (disclosed values) of companies in the same industry, using the same grouping as the industry pages. Only the top three and the two companies either side of this one. Bar length relative to the largest company (100). An order of size, not a ranking of quality

Workforce information

  • All four: the reporting company (parent-only), as disclosed in the employee section of the annual securities report. Employees across the consolidated group: 29,863 (a different scope, kept apart from the four above). Industry median: the middle value among companies in Information and Communication that disclose the item (industries with at least 5 companies only).

People and organisation

  • Sales per employee Net sales (or operating revenue) ÷ employees
  • Operating income per employee Operating income ÷ employees
  • Wage gap between men and women Women's pay with men's pay set to 100, reporting company
  • Women in managerial positions Reporting company (parent only)
  • Employees by gender gBizINFO
  • Average temporary staff Consolidated, average headcount other than regular employees

Workplace information filings

  • Source: processed from Shokuba-labo, the workplace information site of the Ministry of Health, Labour and Welfare. Items the company filed only Shokuba-labo

Greenhouse gas emissions

  • Source: processed from the Ministry of the Environment’s greenhouse gas calculation, reporting and disclosure system (EEGS). Companies required to report only Ministry of the Environment (EEGS)

Audit and disclosure information

  • Whether there is a going concern note (the accounting assumption that a company will continue operating), and audit information
  • Audit firm, audit fees, going concern note and accounting standard: facts written in the latest annual securities report and the audit report filed with it (not a judgement of the company). Going concern note: “note” when the note text is present, “not applicable” when the report states nothing to report, “cannot be determined” when neither appears. Note text not reproduced. Amended filings not shown (annual securities reports only)

Data sources and calculation methods

Primary source: the annual securities report of LY Corporation on EDINET, the FSA’s disclosure system (free to read)
Corporate number: 4010401039979 / Accounting standard: IFRS

  • Amounts: machine transcription of EDINET XBRL (no manual re-keying). Long narrative notes are text and not in the account list. Identifiers: machine transcription of the EDINET code list (retrieved 2026-08-22)
  • ★: position of the value calculated from disclosed figures among the 4,240 companies on this site, on a five-step scale. Not a judgement of the company. No forecasts usedThe formulas and how they are counted
  • No rank: net assets as a share of total assets, cash conversion and revenue per employee (size alone does not show quality). Industry median shown for comparison. Cash conversion of 100%: operating cash flow equal to operating profit
  • Profit-and-loss chart: only where “sales − cost of sales − SG&A = operating income” holds between disclosed values. Cost breakdown: the six largest SG&A items
  • Trend charts: key financial indicators of the annual securities report. Amounts in billions of yen (dividend per share in yen). Long-run chart joins reports filed in different years (newer report for overlapping years). Some items stop part-way after a change of accounting standard. A stock split changes the weight of one share. Consolidated and parent-only in separate tables
  • Revenue scale in the same industry: bars of revenue (disclosed values) of companies in the same industry grouping as the industry pages, largest first. Only the top three and the two companies either side of this one. Each company’s latest fiscal year. An order of size, not a ranking of quality or an investment view
  • Share prices: not published (no data source allows redistribution). No share-price-based indicators (such as the price earnings ratio) and no extension of past growth into the future
  • Average age, average length of service and average annual salary: the reporting company alone (the parent). At a holding company, a small head-office staff. Payout ratio (basic facts): dividend per share ÷ consolidated earnings per share, calculated here (the payout ratio in the annual securities report is the reporting company’s figure, on a different basis). Representative and founding date: gBizINFO (Ministry of Economy, Trade and Industry), some companies only
  • “Retrieved disclosed figures”: every value readable as a number from the annual securities report. Company-wide values only (no segment or other breakdowns)
  • Segment table: machine transcription of the segment information in the annual securities report. Business names as labelled by the company in its XBRL. No table where segment sales differ from the disclosed total by more than 1%. Adjustments, corporate, eliminations and “other” left out of the table and the share denominator, as they are not businesses
  • Breakdowns of amounts, not diagrams of how the business works. Who pays whom, and for what, is not in the disclosed figures; no lines drawn from guesswork
  • No reproduction of the book’s content. Figures from the same filings; text written separately