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The latest update is out from LY Corporation ( (JP:4689) ).
LY Corporation will absorb its wholly owned subsidiary LINE Pay Corporation through a simplified absorption-type merger effective March 31, 2026, following the termination in April 2025 of the LINE Pay mobile money transfer and payment service in Japan. The move is aimed at streamlining the group’s management structure and reallocating resources within its financial operations by dissolving the now redundant payments subsidiary without issuing new shares or cash, reflecting a strategic retreat from that specific payment service while seeking greater group synergies and operational efficiency.
The most recent analyst rating on (JP:4689) stock is a Hold with a Yen439.00 price target. To see the full list of analyst forecasts on LY Corporation stock, see the JP:4689 Stock Forecast page.
More about LY Corporation
LY Corporation is a Tokyo-based internet services group whose core businesses span online advertising, e-commerce, membership services and the management of group companies, positioning it as a major digital platform operator in Japan. Through subsidiaries such as LINE Pay Corporation, it has also been active in financial services including prepaid payment instruments, electronic payment systems and funds transfer operations.
Average Trading Volume: 17,733,191
Technical Sentiment Signal: Hold
Current Market Cap: Yen2885.5B
For an in-depth examination of 4689 stock, go to TipRanks’ Overview page.