Earnings quality
Compare earnings and operating cash flow for earnings quality.
LY Corporation
Ticker 4689 · 🇯🇵 Japan · Consolidated IFRS · amounts in yen
Filed 2026-06-18 · Period end 2026-03-31
Takeaway
Dig deeperThe numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
equity ratio is 26.8%.
Mixed signals — use cash flow and the balance sheet before treating the year as clean.
ActionDig deeper
OP margin—
Equity ratio26.8%
Last price—
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
ＬＩＮＥヤフー株式会社 is a Japanese listed company. Its reportable segments include Commerce, Media Business, Stragegy, Operating Segments Not Included In.
- Commerce
- Media Business
- Stragegy
- Operating Segments Not Included In
- Disclosure Of Changes In
Segments Commerce · Media Business · Stragegy · Operating Segments Not Included In · Disclosure Of Changes In
Compare trends
No phone/email found in this filing · Filing date 2026-06-18
Financial statements
Income statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Revenue | — | — |
| Cost of sales* | — | — |
| Gross profit | — | — |
| Operating profit (loss) | ¥315.0B | ¥341.3B |
| Finance income | — | — |
| Finance costs | — | — |
| Income tax expense | ¥72.5B | ¥11.1B |
| Profit (loss) | ¥202.4B | ¥283.1B |
| Profit (loss) attributable to owners | ¥153.5B | ¥193.7B |
| Basic EPS (¥) | 21.00 | 27.97 |
Balance sheet
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash and cash equivalents | ¥1.0T | ¥1.1T |
| Current assets | — | — |
| Non-current assets | — | — |
| Total assets | ¥9.2T | ¥11.2T |
| Short-term borrowings | — | — |
| Current liabilities | — | — |
| Non-current liabilities* | — | — |
| Total liabilities | ¥5.7T | ¥7.5T |
| Equity attributable to owners | ¥3.0T | ¥3.0T |
| Total equity | ¥3.4T | ¥3.7T |
Cash flow statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash flows from operating activities | ¥519.6B | ¥662.9B |
| Cash flows from investing activities | -¥505.6B | -¥809.2B |
| Cash flows from financing activities | -¥416.8B | ¥153.3B |
| Net increase (decrease) in cash | -¥376.5B | ¥24.1B |
| Cash at end of period | ¥1.0T | ¥1.1T |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Revenue | ¥1.6T | ¥1.7T | ¥1.8T | ¥1.9T | ¥2.0T | |
| Operating profit | ¥189.5B | ¥314.5B | ¥208.2B | ¥315.0B | ¥341.3B | |
| Profit to owners | ¥77.3B | ¥178.9B | ¥113.2B | ¥153.5B | ¥193.7B | |
| Total assets | ¥7.1T | ¥8.6T | ¥9.0T | ¥9.2T | ¥11.2T | |
| Cash & equivalents | ¥1.1T | ¥1.7T | ¥1.4T | ¥1.0T | ¥1.1T | |
| Owners’ equity | ¥2.7T | ¥2.9T | ¥3.0T | ¥3.0T | ¥3.0T |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Mixed
The numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
On the income statement, revenue moved from — to — (—), so the top line did not break. Gross profit only slipped from — to —, while operating profit swung from ¥315.0B to ¥341.3B — the damage is concentrated below gross profit.
Cash tells a different story than earnings. Operating cash flow was still ¥662.9B (prior ¥519.6B), and cash on the balance sheet rose to ¥1.1T from ¥1.0T. When profits collapse but operating cash stays positive, read the notes for impairments and other non-cash charges before assuming the business stopped generating cash.
The balance sheet got heavier on leverage. Total liabilities rose to ¥7.5T while owners’ equity fell to ¥3.0T. ROE moved from 5.1% to 6.5%, and the equity ratio from 32.7% to 26.8%.
Liquidity & leverage
Short-term borrowing levels look more stable year over year.
Capital buffer
Owners’ equity ratio fell from 32.7% to 26.8%; the balance sheet absorbed a heavy loss year.
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Source: EDINET S100YBXD
(ＬＩＮＥヤフー株式会社), period end 2026-03-31.