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TYO:4689

19 stories mentioning TYO:4689Updated 15h ago

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Asia

LY's Attributable Profit Rises 19% in Fiscal Q1

LY's (TYO:4689) net income attributable to owners of the parent jumped 19% to 58.1 billion yen in the fiscal first quarter from 48.7 billion yen a year earlier.The internet company's earnings per share increased to 8.44 yen from 6.80 yen a year ago, according to a Monday Tokyo bourse filing.Revenue climbed 13% to 554 billion yen in the three months ended June 30 from 489.6 billion yen in the prior-year period.For the fiscal year ending March 31, 2027, the company expects revenue of 2.240 trillion yen and an adjusted EPS of 30 yen.

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Asia

Kamgras 1 Extends Tender Offer for Kakaku.com After Bain Capital's Counter-Bid

Kakaku.com (TYO:2371) said Swedish private equity firm Kamgrás 1 has extended its tender offer purchase period to Aug. 17 from Aug. 3, with settlement moved to Aug. 24.The extension follows a July 29 counter-proposal from Bain Capital affiliate BCPE Blitz Cayman and LY Corp. (TYO:4689), which priced their competing offer at 3,520 yen per share, outbidding Kamgrás 1's 3,450 yen offer, according to a Tokyo bourse filing on Friday.Kakaku.com has requested discussions regarding a potential price increase, while Kamgrás 1 has not yet determined whether to revise its bid.

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Asia

Seven & i Forms Partnership to Digitize Stores

Seven & i (TYO:3382) entered a strategic partnership deal with SoftBank (TYO:94340), PayPay, LY (TYO:4689) and Sumitomo Mitsui Card to integrate digital services into its store network.The partnership is backed by 300 billion yen in capital, 100 billion yen each from SoftBank, PayPay, and Sumitomo Mitsui Card for long-term execution.The Japanese investment company said that the partnership aims to combine over 20,000 stores with artificial intelligence, robotics, cashless payments, and data analytics, bringing personalized shopping experiences.

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Asia

Jefferies Adjusts LY's Price Target to 500 Yen From 445 Yen, Keeps at Hold

LY (TYO:4689) has an average rating of buy and mean price target of 547 yen, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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Asia

Update: Market Chatter: Bain and LY Corp. Prepare to Counter EQT's Bid for Kakaku.com

(updated with Kakaku.com's response)Bain Capital and LY Corp. are poised to submit a higher joint offer for Kakaku.com (TYO:2371) than EQT's recent 3,450 yen-per-share proposal, Bloomberg News reported on Friday, citing sources familiar with the matter.An improved bid could surface within days, but deliberations are still confidential and inconclusive, with no binding decision made and the outcome subject to change, Bloomberg said.EQT has extended its tender offer deadline to August 3 amid ongoing discussions with Kakaku's Hong Kong-based shareholder, Oasis Management, the publication said.Kakaku.com declined to comment, while Bain Capital and LY Corp. did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Market Chatter: Bain and LY Corp. Prepare to Counter EQT's Bid for Kakaku.com

Bain Capital and LY Corp. are poised to submit a higher joint offer for Kakaku.com (TYO:2371) than EQT's recent 3,450 yen-per-share proposal, Bloomberg News reported on Friday, citing sources familiar with the matter.An improved bid could surface within days, but deliberations are still confidential and inconclusive, with no binding decision made and the outcome subject to change, Bloomberg said.EQT has extended its tender offer deadline to August 3 amid ongoing discussions with Kakaku's Hong Kong-based shareholder, Oasis Management, the publication said.Kakaku.com, Bain Capital and LY Corp. did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

LY Submits Final Report on Measures to Prevent Information Leaks

LY (TYO:4689) said that it has completed the submission of its report on measures introduced to prevent a recurrence of a data breach caused by unauthorized access to the Japanese authorities, according to a Tuesday filing on the Tokyo Stock Exchange.The Tokyo-listed company said that the final report was submitted to Japan's Ministry of Internal Affairs and Communications and the Personal Information Protection Commission on July 15.The report follows information leakage due to unauthorized access in 2023.

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Asia

EQT Raises Bid for Kakaku.com, Topping Rival's Offer

Stockholm-based EQT has increased its tender offer for Kakaku.com (TYO:2371) to roughly 3,440 yen to 3,460 yen per share, surpassing the 3,384 yen bid from LY (TYO:4689) and Bain Capital, Bloomberg News reported on Thursday, citing persons familiar with the deal.The Swedish private equity firm is said to have extended the offer period through July for the Japanese online data company, whose shares have surged 55% this year, outperforming the broader Topix index, the news wire said.EQT and Kakaku.com did not immediately respond to' comment.

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Asia

Market Chatter: 7-Eleven Operator Exploring Share Sale to SoftBank, PayPay

Seven & i (TYO:3382), operator of the 7-Eleven convenience store chain, is considering a multibillion-yen sale of shares to SoftBank (TYO:9984) and LY's (TYO:4689) PayPay, Bloomberg News reported Monday, citing people familiar with the matter.The investment would strengthen the companies' partnership and help Seven drive earnings growth at its convenience store business, the report said.The three companies aim to finalize an agreement by August, though discussions remain ongoing and no deal is guaranteed, according to Bloomberg. The report added that a potential investment by Sumitomo Mitsui's credit card unit could further deepen the partnership.Seven & i, Softbank, and Paypay didn't immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Japanese Shares Slip as AI Sell-Off Weighs on Investor Sentiment

Japan's equities failed to recover from opening losses and closed in the red on Thursday, tracking the somber mood globally dragged by the sell off among AI stocks.The Nikkei 225 closed lower by 1,741.81 points or 2.47% to 68,733.15.Investors are also keenly eyeing the US jobs data that could provide hints towards interest rate hikes in the near future.Meanwhile, Japanese Prime Minister Sanae Takaichi is on a three-day visit to India, where she will hold talks with Prime Minister Narendra Modi on Thursday and discuss cooperation in critical sectors including electronics components, natural resources, and energy.Back home, Japan's monetary base, which reflects the total volume of currency in circulation and current account deposits held at the central bank, fell 13.7% year over year in June, according to data from the Bank of Japan on Thursday.On the corporate side, Otsuka (TYO:4768) achieved positive full results from the Phase 3 VISIONARY trial evaluating VOYXACT (sibeprenlimab), according to a Tokyo bourse filing on Thursday.Also, LY (TYO:4689) and Bain Capital have submitted a binding takeover proposal on Wednesday to take Kakaku.com private via a cash tender offer and squeeze-out, following earlier non-binding proposals in May.

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Asia

LY and Bain Capital Submit Binding Bid to Take Kakaku.com Private

LY (TYO:4689) and Bain Capital submitted a binding takeover proposal on Wednesday to take Kakaku.com private via a cash tender offer and squeeze-out, following earlier non-binding proposals in May.A Cayman Islands partnership, wholly owned and operated by Bain Capital, will act as the offeror, according to a Tokyo bourse filing on Thursday.The bid received approval from Bain's investment committee and LY's board, read the filing.

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Asia

LY to Absorb Wholly Owned Subsidiary LINE Healthcare

LY (TYO:4689) has agreed to absorb its wholly owned subsidiary, LINE Healthcare, via a simplified merger effective Sept. 1, 2026, following the June 2025 termination of their LINE Doctor telemedicine service.As LINE Healthcare is fully owned, no shares or cash will be allotted to shareholders in the transaction, according to a Tokyo bourse filing on Wednesday.The merger, approved by the board on June 29 and with the agreement planned for signing on July 1, will proceed without shareholder meetings due to simplified merger provisions.LINE Healthcare reported negative net assets of 1.13 billion yen, and post-merger, LY's name, leadership, and business scope will remain unchanged.

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Asia

LY Named as Parent Firm with Significant Influence Over ZOZO

ZOZO (TYO:3092) parent company structure centers on LY (TYO:4689), which holds 51.9% voting rights indirectly through Z Intermediate and dispatches two directors to ZOZO's board, granting it significant decision-making influence.The group maintains commercial ties, including ZOZOTOWN integration with Yahoo! Japan Shopping and payment services via SB Payment Service Corp, according to a Tokyo bourse filing on Tuesday.To ensure independence, ZOZO has established governance rules allowing autonomous management decisions while restricting parent-company directors from voting on special-interest board resolutions.

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Asia

Update: Market Chatter: Bain Capital, LY Prepare Binding Bid for Kakaku.com

(Updates to add comment from Kakaku.com and LY Corp.)U.S. investment firm Bain Capital and internet company LY Corp. (TYO:4689) plan to submit a binding bid for comparison shopping website operator Kakaku.com Inc. (TYO:2371), Bloomberg News reported Friday, citing people familiar with the matter.The bid would challenge Swedish private equity firm EQT AB's 3,000 yen-per-share tender offer, which values Kakaku.com at about 595 billion yen, according to the report.Bain Capital and LY are expected to raise their offer above EQT's bid. The two companies previously offered 3,232 yen per share in May. Discussions are ongoing, and no final decision has been made, the report said.Responding to, Kakaku.com said the Bloomberg report was not based on any announcement by the company. LY Corp. declined to comment.Meanwhile, Bain Capital did not immediately reply to' request for comment.Shares of Kakaku.com rose nearly 2%, while those of LY Corp. gained about 4% in Monday morning trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Update: Market Chatter: Bain Capital, LY Prepare Binding Bid for Kakaku.com

(Updates to add comment from Kakaku.com)U.S. investment firm Bain Capital and internet company LY Corp. (TYO:4689) plan to submit a binding bid for comparison shopping website operator Kakaku.com Inc. (TYO:2371), Bloomberg News reported Friday, citing people familiar with the matter.The bid would challenge Swedish private equity firm EQT AB's 3,000 yen-per-share tender offer, which values Kakaku.com at about 595 billion yen.Bain Capital and LY Corp. are expected to raise their offer above EQT's bid. The two companies had previously offered 3,232 yen per share in May. Discussions are ongoing, and no final decision has been made, the report said.Kakaku.com, in its response to' request for comment, declined to comment, stating that the report was not based on any announcement by the company.Meanwhile, Bain Capital did not immediately reply to' request for comment.Shares of Kakaku.com rose nearly 2%, while those of LY Corp. gained about 4% in Monday morning trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Market Chatter: Bain Capital, LY Prepare Binding Bid for Kakaku.com

U.S. investment firm Bain Capital and internet company LY Corp. (TYO:4689) plan to submit a binding bid for comparison shopping website operator Kakaku.com Inc. (TYO:2371), Bloomberg News reported Friday, citing people familiar with the matter.The bid would challenge Swedish private equity firm EQT AB's 3,000 yen-per-share tender offer, which values Kakaku.com at about 595 billion yen.Bain Capital and LY Corp. are expected to raise their offer above EQT's bid. The two companies had previously offered 3,232 yen per share in May. Discussions are ongoing, and no final decision has been made, the report said.Kakaku.com and Bain Capital did not immediately reply to' request for comment.Shares of Kakaku.com rose nearly 2%, while those of LY Corp. gained about 4% in Monday morning trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

LY Corp.'s Unit Loses Warehouse Dispute, Appeals Against Decisions

Ly Corp's (TYO:4689, SGX:1H8) subsidiary, Ly Furniture, filed an appeal to the High Court of Malaysia after the Johor Bahru Sessions Court made a partial ruling against it in a warehouse dispute against Xin Hwa Trading & Transport.The court has ordered the subsidiary to pay 311,501 ringgit plus interest and costs on a counterclaim filed by Xin Hwa, according to a Wednesday filing with the Singapore Exchange.The court partially allowed LY Furniture's original claim against Xin Hwa for missing inventory and awarded it 100,000 ringgit with 5% annual interest.Meanwhile, Xin Hwa's counterclaim for unpaid warehousing fees was allowed to stand in full, with an accrued interest of 1.5% per month, starting from February 2023.LY Furniture has filed its notice of appeal and is not expecting the case to have a material impact.

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Asia

LY Corp. Clears Thai Regulatory Hurdle for Line Man Acquisition

LY Corp. (TYO:4689) received notification from Thai authorities on May 14, confirming that no approvals or permits are required for the additional acquisition of shares in Line Man Corp. through its subsidiary.The company had already integrated Line Man as a consolidated subsidiary on September 30, 2025, while awaiting the final conclusion of the cross-border regulatory review. With the statutory clearance now finalized, the Tokyo-based tech firm plans to formally execute and settle the additional share acquisition by August 2026.LY Corp. projects holding over 81 million Line Man Corp. shares, giving them 60.9% of the voting rights, once the transaction is finished.

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Asia

LY Corp. Submits Capital Policy Proposal On Kakaku.com

LY Corp. (TYO:4689) submitted a capital policy proposal regarding Kakaku.com (TYO:2371), jointly with a Bain Capital-advised investment fund, including a possible full acquisition via a cash tender offer, according to a Thursday filing on the Tokyo Stock Exchange.The proposal outlines a possible cash tender offer for all Kakaku.com shares and stock acquisition rights, followed by a squeeze-out process, with a revised indicative price of 3,232 yen per share in the latest version.LY Corp. said Kakaku.com holds strategic value due to its data assets and user traffic, and that integration could support new revenue models and AI-related opportunities.

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