Morningstar - Z Holdings Corporation (4689) Yahoo Japanâ€™s Advertising Revenue Surprised on the Upside; Increasing FVE to JPY 500

Report

Morningstar

Marie Sun

EUR 101.80 For Business Accounts Only

Yahoo Japanâ€™s Advertising Revenue Surprised on the Upside; Increasing FVE to JPY 500

Yahoo Japan announced solid third-quarter results with total revenue up by 13% and operating margin of 23.4%. The 10.4% growth of advertising revenue surprised the market, which was mainly due to the recovery of the paid search advertising. We and the market expected the growth would be continuously lukewarm. The paid search advertising revenue increased by 6% year on year after consecutive year-on-year decline in the previous six quarters, and the management attributed this to the improvement o...

06/02/2017 13 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

Marie Sun

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Yahoo Japanâ€™s Advertising Revenue Surprised on the Upside; Increasing FVE to JPY 500

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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