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Technology Services

Z Holdings Corp.

Business Summary

Z Holdings Corp. engages in the management of group companies and related operations. It operates through the following segments: Media and Commerce. The Media segment covers the advertisement related services that include search linked advertisement and display advertisement. The Commerce segment handles the commerce related services in Yahoo Auction!, Yahoo! Shopping, ASKUL Corp., and Yahoo! Premium. It also provides the settlement finance related services. The company was founded on January 31, 1996 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2023 JPYUSD
Gross Profit1,161.24B8,568.97M
Operating income153,640M1,133.72M
Income before tax273,947M2,021.48M
Net income178,868M1,319.88M
Diluted EPS23.790.17
Dividends Per Share5.560.04
Total Assets8,588.72B64,533.18M
Total liabilities5,270.82B39,603.42M
Total equity2,919.39B21,935.52M
Operating cash flow93,051M686.63M
Currency in JPYCurrency in USD

Historical Data

 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 954,714M 1,052.94B 1,205.84B 1,567.42B 1,672.37B
Gross Profit 545,802M 628,480M 773,400M 1,070.40B 1,161.24B
Operating income 139,221M 152,276M 164,193M 167,814M 153,640M
Income before tax 123,370M 135,676M 159,974M 197,612M 273,947M
Net income 78,676M 81,675M 70,145M 77,317M 178,868M
EBITDA 191,719M 235,695M 266,273M 303,558M 302,416M
Diluted EPS 14.73 16.87 14.00 10.14 23.79
Dividends Per Share 8.86 8.86 5.56 5.81 5.56
Total Assets 2,443.56B 3,951.29B 6,746.41B 7,168.74B 8,588.72B
Total liabilities 1,533.03B 2,903.47B 3,756.81B 4,186.54B 5,270.82B
Total equity 818,291M 771,548M 2,682.31B 2,684.37B 2,919.39B
Operating cash flow 149,957M 243,278M 207,921M 266,314M 93,051M
 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 8,609.19M 9,684.39M 11,369.74M 13,948.41M 12,340.67M
Gross Profit 4,921.80M 5,780.41M 7,292.27M 9,525.44M 8,568.97M
Operating income 1,255.43M 1,400.55M 1,548.15M 1,493.37M 1,133.72M
Income before tax 1,112.49M 1,247.87M 1,508.37M 1,758.54M 2,021.48M
Net income 709.46M 751.20M 661.38M 688.04M 1,319.88M
EBITDA 1,728.83M 2,167.79M 2,510.64M 2,701.35M 2,231.56M
Diluted EPS 0.13 0.15 0.13 0.09 0.17
Dividends Per Share 0.07 0.08 0.05 0.05 0.04
Total Assets 22,076.71M 36,601.35M 61,053.50M 59,062.75M 64,533.18M
Total liabilities 13,850.45M 26,895.20M 33,998.29M 34,492.60M 39,603.42M
Total equity 7,392.97M 7,146.94M 24,274.37M 22,116.39M 21,935.52M
Operating cash flow 1,352.24M 2,237.53M 1,960.45M 2,369.91M 686.63M

Valuation Measures

Mar 2023
Operating margin9.18%
Profit margin10.69%

Key executives

  • President, Co-CEO & Representative Director: Kentaro Kawabe
  • Co-CEO, Representative Director & Sales CPO: Takeshi Idezawa
  • Group CFO & Senior Managing Executive Officer: Ryosuke Sakaue
  • Co-Group Chief Technology Officer: Eui-Bin Park
  • Group Chief Technology Officer: Chiaki Fujimon


  • A Holdings Corp. (63.5%)
  • Z Holdings Corp. (1.3%)
  • Nomura Asset Management Co., Ltd. (1.2%)
  • The Vanguard Group, Inc. (0.9%)
  • Canada Pension Plan Investment Board (0.7%)
  • Daiwa Asset Management Co. Ltd. (0.6%)
  • Nikko Asset Management Co., Ltd. (0.6%)
  • BlackRock Fund Advisors (0.6%)
  • Norges Bank Investment Management (0.5%)
  • T. Rowe Price International Ltd. (0.5%)

Contact Details

  • Website:
  • Address: Kioi Tower, Tokyo Garden Terrace, 1-3 Kioi-cho, Tokyo, 102-8282, Japan
  • Phone: +81.3.6898.8200

Related Companies

  • Z Entertainment, Inc.
  • Z Holdings Group Incentive Plan
  • YJ2 Investment Business Association
  • YJFX, Inc. /Domain Name Control Business/
  • Z Intermediate Holdings Corp.
  • LINE Corp. (New)
  • LINE Financial Corp.
  • YJ2 Investment Partnership
  • Z Financial Corp.
  • PayPay Corp.
  • Yahoo Japan Corp. /Advertising Operations/
  • Z Holdings Restricted Stock Compensation Plan
  • Magne-Max Capital Management Ltd.
  • YJ America, Inc.
  • Gulliver FX Ltd.
  • FROSK, Inc.
  • Ocenyc, Inc.
  • Z Venture Capital KK
  • Bluem, Inc. (Minato-ku)
  • Mynet, Inc. /CRM Business/
  • PayPay Asset Management Corp.
  • Crocos, Inc.
  • Netrust Ltd.
  • Bridal Concierge Corp.
  • E-Shopping Books KK
  • Classified Corp.
  • VIPS Corp.
  • Softbank Idc
  • Community Factory, Inc.
  • GyaO Corp.


  • Alibaba Group Holding Limited
  • Grab Holdings Limited Class A
  • PLDT, Inc.
  • Open Door, Inc.
  • Synchro Food Co., Ltd.
  • Incorporated
Last Updated on 7 Jun, 2023

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