LY Corporation raises FY2026 dividend forecast after share repurchases

LY Corporation is revising its dividend forecast for the fiscal year ending March 31, 2026, increasing the year-end dividend per share from 7.00 yen to 7.30 yen, an increase of 0.30 yen. This revision is a direct consequence of a decrease in the number of dividend-eligible shares due to share repurchases completed on June 5, 2025, and August 21, 2025. The company maintains its commitment to a shareholder return policy targeting a cumulative total payout ratio of 70% or more over five years starting from FY2025.

For the six months ended September 30, 2025, LY Corporation reported revenue of 995.3 bn yen (up 7.6% year-on-year) and adjusted EBITDA of 251.2 bn yen (up 7.2% year-on-year), both setting new records for a cumulative second quarter. The increase in revenue was driven by growth in Strategic, Commerce, and Media businesses, while operating income also saw a significant rise to 214.5 bn yen (up 24.2% year-on-year) partly due to gains from business combinations, including LINE MAN Corporation Pte. Ltd. and BEENOS Inc.

Total assets at the end of the second quarter reached 10,473,968 million yen, an increase of 1,315,621 million yen (14.4%) from March 31, 2025. The company projects full-year revenue of 2,100.0 bn yen (up 9.5% year-on-year) and adjusted EBITDA between 500.0 bn yen and 510.0 bn yen (up 6.2% – 8.3% year-on-year), with an adjusted EPS of 25.9 yen – 26.9 yen (up 4.0% – 7.9% year-on-year) for the fiscal year ending March 31, 2026.