Morningstar - Z Holdings Corporation (4689) Yahoo Japans Share Buyback Absorbs Altabas Divestment, but Concerns Remain in the Longer run

Report

Morningstar

Kazunori Ito

EUR 100.00 For Business Accounts Only

Yahoo Japan's Share Buyback Absorbs Altaba's Divestment, but Concerns Remain in the Longer run

Yahoo Japan's share price surged 11.4% on July 10, as the company announced a share buyback of JPY 220 billion, or 10.7% of its shares. Its share price has declined more than 30% from the recent peak in January because: 1) in February, Altaba Inc. (former Yahoo Inc.), the second-largest shareholder holding 34.73% of shares, announced a plan to sell its stake to take tax benefits; and 2) in May, the firm's new guidance disappointed the market as the number was much lower than anticipated; and 3) ...

11/07/2018 14 EN

Underlying

Z Holdings Corporation

Yahoo Japan is engaged in the provision of Internet advertising and e-commerce services. Media Business segment provides marketing and advertising services including paid search, display, in-feed video advertising and other advertising-related services for corporations; and Yahoo! News and media-related services. Commerce Business segment provides e-commerce related services including YAHUOKU! (net auction site), Yahoo! Shopping, ASKUL, LOHACO and other shopping websites; membership services including Yahoo! Premium, Yahoo! BB and other services; and financial and payment-related services including credit card, e-money, foreign exchange margin trading and other related services.

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JP3933800009 Japan

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Kazunori Ito

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Yahoo Japan's Share Buyback Absorbs Altaba's Divestment, but Concerns Remain in the Longer run

PSA Strategy: Japan Stock Market Quarterly for 2025 Q4

LY Corp (Buy, TP: ¥585, +25%) Q3 FY23 Quick Take: Strong EBITDA beat; upgraded EBITDA guidance

LY Corp (Buy, TP: ¥585, +33%) Q2 FY23 Quick Take: Better trends and a strong EBITDA beat

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Sasol Provides Full-Year Production Update

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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