LY Corporation (YAHOF) Q3 2024 Earnings Call Transcript

2025-02-08 00:38:51 ET

LY Corporation (YAHOF)

Q3 2024 Earnings Conference Call

February 6, 2025 02:30 AM ET

Company Participants

Takeshi Idezawa - President & CEO

Ryosuke Sakaue - Executive Corporate Officer & CFO

Makoto Hide - Executive Corporate Officer & CEO, Commerce Company

Yuki Ikehata - Executive Corporate Officer & CEO, Marketing Solution Company

Conference Call Participants

Minami Munakata - Goldman Sachs Securities

Eiji Maeda - SMBC Nikko Securities

Hiroko Sato - Jefferies Securities

Yusuke Okumura - Okasan Securities

Mitsunobu Tsuruo - Citigroup Securities

Yijia Zhai - UBS Securities

Shingo Kumazawa - Daiwa Securities

Yoshitaka Nagao - BofA Securities

Daisaku Masuno - Nomura Securities

Presentation

Operator

We will now start the briefing session on the FY 2024 Third Quarter Business Results of LY Corporation. Thank you very much for your participation. In this session, we will use the LY Corporation business results presentation posted on LY Corporation website. Let me first introduce the participants from LY Corporation, Mr. Takeshi Idezawa, President and Representative Director, CEO; Mr. Ryosuke Sakaue, Executive Corporate Officer, CFO; Mr. Yuki Ikehata, Executive Corporate Officer, Marketing Solution Company CEO, and Mr. Makoto Hide, Executive Corporate Officer, Commerce Company CEO.

First, Mr. Sakaue [Technical Difficulty] the third quarter results for fiscal year 2024. After that, there will be a Q&A session. The entire session is scheduled to last for about one hour. Also, please note that this session is also broadcasted live. For those of you watching the live broadcast, if you experience any problems with the audio or video, please try to move to a different server from the bottom of the screen.

Now, let's begin.

Ryosuke Sakaue

I'm Sakaue of LY Corporation. Thank you very much for taking time out of your busy schedule to participate in the financial results briefing for the third quarter of fiscal year 2024. I will cover the financial results of the third quarter.

There are three topics. First, the third quarter results account advertising and PayPay consolidated grew resulting in increased revenue and profit. Entire group revenue grew 6% year-on-year and consolidated adjusted EBITDA grew by 17.5%.

For the shareholder return, this year's dividend forecast has been revised upward from JPY5.56 to JPY7. We will continue to consider share buyback using the remaining buffer for additional investments and capital policy.

On BEENOS acquisition, by acquiring BEENOS, the largest player of intermediary cross-border EC in Japan, we will aim for a four-year CAGR of 10% in cross-border EC transaction value, bringing the reuse business back to growth track. This part will be explained later by Mr. Hide, CEO of Commerce Company. These are the agenda items I will cover today....

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