Group Companies,
Capital Structure
Last updated: 12/22/2022
Capital Structure
Management and control functions have been centralized in the integrated company to support the efficient pursuit of synergies in each business domain.
Since the business integration with LINE Corporation (now A Holdings Corporation) conducted in March 2021, the Z Holdings Group has worked to resolve various social issues through the synergies generated by various Group companies. These synergies were mainly derived from the three action points that are indispensable connections in our daily lives: "Information & People (Yahoo! JAPAN)," "People & People (LINE)," and "People & Payments (PayPay)." Through the collaborations among the Group companies, we aim to establish a unique ecosystem that sets us apart from other global IT companies, and to develop into a world-leading AI tech company.
Group Composition
A diverse portfolio covering media to telecommunications.
The business portfolio of Z Holdings encompasses not only media, commerce and strategic, but also messaging and telecommunications. The scope and diversity of our portfolio are unique in the world and will be the driving force for value creation. Our goal is not to achieve growth in individual business and service categories, but to create an expanding Group-wide ecosystem by offering seamless user experience spanning all of our services.
Media Business
Consolidated Subsidiaries
(Japanese only)Yahoo Japan Corporation- Major businesses/services: Internet advertising business (e.g., Yahoo! JAPAN Ads), media-related services, etc.
LINE Corporation- Major businesses/services: Advertising services based on mobile messenger application "LINE", sales of stickers, game service, etc.
(Japanese only)GYAO Corporation- Major businesses/services: Internet content distribution of videos, etc. (e.g., GYAO!, GYAO! Store), and provision of entertainment information service
(Japanese only)Z Entertainment Corporation- Major businesses/services: Management of domestic entertainment businesses of Yahoo Japan Corporation, LINE Corporation and the LINE Group, including video, music, games, and fortune telling
Other Consolidated Subsidiaries
(Japanese only)Stanby, Inc.
(Japanese only)Sportsnavi Inc.
(Japanese only)mybest, Inc.
Equity Method Affiliates
CRITEO K.K.
Commerce Business
Consolidated Subsidiaries
- (Japanese only)Yahoo Japan Corporation
- Major businesses/services: Yahoo! JAPAN Shopping, YAHUOKU!, PayPay Flea Market, Yahoo! JAPAN Travel, etc.
- LINE Corporation
- Major businesses/services: LINE SHOPPING, LINE GIFT, LIVEBUY, etc.
ASKUL Corporation- Major businesses/services: Mail order service of office-related products and for general consumers (LOHACO), etc.
ZOZO, Inc.- Major businesses/services: Fashion e-commerce website "ZOZOTOWN," operational support of brands' own e-commerce websites, operation of fashion coordination application "WEAR," etc.
ValueCommerce Co., Ltd.- Major businesses/services: Operation of one of Japan's largest affiliate platforms; provision of CRM tool for stores in online malls; and provision of CPC ads to stores in online malls and manufacturers
(Japanese only)Ikyu Corporation- Major businesses/services: Operation of Internet reservation websites for high-end hotels and restaurants, etc.
Strategic Business
Consolidated Subsidiaries
PayPay Corporation- Major businesses/services: Development and provision of electronic payment services such as mobile payment (e.g. PayPay and PayPay My Store)
(Japanese only)PayPay Card Corporation- Major businesses/services: Provision of services such as PayPay Card, PayPay Atobarai (credit card, card loan, credit guarantee businesses)
Z Financial Corporation- Major businesses/services: Managing of group companies such as PayPay Bank Corporation, PayPay Insurance Service Corporation, PayPay Asset Management Corporation
LINE Financial Corporation- Major businesses/services: Management of group companies that provide financial services such as LINE Securities, LINE Score, and Line Pocket Money
(Japanese only)LINE Pay Corporation- Major businesses/services: Operation and provision of services related to LINE Pay, LINE POINT, etc.
LINE Xenesis Corporation- Major businesses/services: Provision of various blockchain services including LINE BITMAX, LINE BITMAX Wallet, and LINE NFT
Other Consolidated Subsidiaries
(Japanese only)PayPay Bank Corporation
(Japanese only)PayPay Insurance Service Corporation
PayPay Asset Management Corporation
LINE NEXT Corporation
(Japanese only)LINE Healthcare Corporation
Others
Other Consolidated Subsidiaries
(Japanese only)dely, inc.
Z Venture Capital Corporation
Equity Method Affiliates
Demae-can Co., Ltd.
International Business Development
LINE, used by 173 million users in four major countries and regions, continues to expand globally.
- Generating revenue mainly from advertising, stickers, and game businesses based on messaging.
- For new revenue sources, focusing on expanding fintech, e-commerce/O2O services, based on messaging and payment
- *1 As of September 30, 2022.
- *2 Population for 2021. Figures are from data published by the respective Ministries of Interior.
- *3 Population for 2021. Figures are from data published by the Central Bureau of Statistics.
- *4 Data for Taiwan and Thailand are based on 2020 market research data for each country and region.