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LY Corporation

YAHOY
66
Software - Application · Technology
Price
$7.06
+0.31 (+4.59%)
Market Cap
$24.22B
Exchange
Other OTC
Winston Score
66
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Sep 13, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Good
Growth
Good
Cash Flow
Exceptional
Stability
Strong
Valuation
Good
Dividends
Weak
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Share count falling — buybacks

−8.8% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 3.81B (2022) → 3.48B (2026)

§Winston Score History

The full picture

LY Corporation runs Japan's most popular messaging app, LINE, which has hundreds of millions of users across Japan, Taiwan, Thailand, and other parts of Asia. The company also operates Yahoo! Japan, one of the country's largest web portals, offering search, news, shopping, and other online services. It was formed through the merger of LINE and Yahoo Japan's parent, creating one of Asia's biggest internet companies.

LY Corporation makes money through digital advertising, e-commerce commissions, and fintech services like mobile payments through LINE Pay. It is headquartered in Japan and dominates the country's internet landscape with strong user loyalty across messaging, search, and payments. The key growth driver is expanding its fintech and AI-powered services, though the company faces ongoing competition from global platforms and pressure to improve profitability given its relatively low return on invested capital.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+14.6% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+30.6% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

¥0/ year

0.0% of revenue

Below sector average (15%)

Research and development spending

Insider Activity

25.2%ownership

Insiders own a meaningful stake in the company

Cash Runway

5+ years

Quarterly Free Cash Flow

↑ Burn rate improving

¥6.7T cash & investments at current burn rate

Growth context

LY Corporation is growing revenue at 15% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
72.5%
Premium pricing power — 72.5% gross margin
Profit after running costs
Operating Margin
18.3%
Healthy — 18.3% operating margin
Return on the money invested
ROCE
6.2%
Weak — 6.2% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
+9.9%
Steady sales growth (+9.9% YoY)
Profit growth
EPS YoY
+46.5%
Earnings growing fast (+46.5% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
5/8 quarters
Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash
Cash Conversion
268%
Turns 268% of profit into real cash
Spare cash per sale
FCF Margin
24.7%
Converts sales into free cash efficiently (24.7%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

What it owes vs what it owns
Debt / Equity
0.69
Moderate — manageable debt (0.69)
Covers its interest
Interest Cover
31.78x
Comfortably covers interest (31.8x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
18.3x
Fair value — P/E 18.3

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
+1.8
GROWING
Earnings expected to grow — slightly cheaper on forward P/E

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Dividends

Dividend
Dividend Yield
1.30%
Small dividend — 1.30% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
-33.8%
Dividend cut (-33.8% YoY) — warning sign

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