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LY Corporation Reports Record Growth in FY2024 Results

Story Highlights
  • LY Corporation saw significant growth in FY2024, driven by strategic business expansion.
  • Record revenue was achieved due to PayPay’s growth and successful reorganization.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

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LY Corporation ( (JP:4689) ) has shared an announcement.

LY Corporation reported significant growth in its consolidated and non-consolidated business results for FY2024 compared to FY2023, driven by increased revenue from strategic business operations and a successful intra-group reorganization. The company’s revenue reached a record high, supported by the expansion of PayPay’s consolidated revenue and growth in media and commerce businesses. This performance underscores LY Corporation’s strengthened market position and positive outlook for stakeholders.

More about LY Corporation

LY Corporation operates in the technology and digital services industry, focusing on strategic business growth through subsidiaries like PayPay Corporation and PayPay Card Corporation. The company is also involved in media and commerce sectors, with significant contributions from the ZOZO Group and ASKUL Group.

Average Trading Volume: 14,331,805

Technical Sentiment Signal: Buy

Current Market Cap: Yen3746.4B

Find detailed analytics on 4689 stock on TipRanks’ Stock Analysis page.

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