- Published 2026.11.05 21:01
Commerce and fintech strength lift full-year revenue and profit guidance
Board approves fiscal 2026 year-end dividend of 12 yen per share
LY Corp., an affiliate of Naver, raised its full-year earnings guidance for fiscal 2026 and increased its dividend on the back of strong commerce and fintech businesses. Despite sluggish growth in its media segment, e-commerce and financial services drove overall top-line and profit growth, cementing their role as key revenue sources.
According to a disclosure filed with the Tokyo Stock Exchange on Nov. 5, LY Corp. raised its revenue forecast for fiscal 2026 (April 2026–March 2027) by 4.0% to 2.33 trillion yen (about 19.7 trillion won) from the previous 2.24 trillion yen. Its adjusted EBITDA forecast was also raised by 9.4% to 640 billion yen from 585 billion yen. Earnings per share estimates were lifted 16.7% to 35.0 yen from 30.0 yen.
The upward revision was led by new business areas. LY Corp. said, "ASKUL and LINE MAN in the commerce business and PayPay in the strategic business are performing better than initially expected." While the traditional core media business slowed amid a shrinking advertising market, e-commerce such as shopping and delivery and mobile payment services exceeded expectations and drove earnings.
In fact, LY Corp.'s commerce segment revenue in the first half of this year (April–September) rose 11.8% year on year to 483.3 billion yen. Strategic business revenue also climbed 31.4% to 271 billion yen over the same period, supported by increased PayPay payment volume and the consolidation of LINE Bank in Taiwan, defending overall company performance.
Shareholder returns are also being expanded in line with the improved profit outlook. LY Corp. resolved on the same day to raise its fiscal 2026 year-end dividend forecast by 1 yen to 12 yen per share from the previous 11 yen. LY Corp. had earlier announced a policy to maintain a cumulative total shareholder return ratio of at least 70% over five years starting from fiscal 2025.
LY Corp. plans to continue paying dividends in proportion to profit growth while balancing sustained growth investment and shareholder returns. The company is also focusing on strengthening its own revenue base, recently revamping its subscription service LYP Premium to increase subscribers to more than 10 million.
※ This article is an AI translation of the Korean original published by Korea Credit News; it was checked by automated quality guards and published by the English edition desk.
