LY

Takeaways from Meetings with the Japanese Telcos + Rakuten in Tokyo. Stay Buyers of NTT, KDDI and Softbank Corp.

LY Corp – Q4 FY24 Quick Take: Bullish EBITDA guidance; ¥150bn buyback and preparations for PayPay IPO underway

LY Corp (Buy) – Q3 FY24 Quick Take: Strong delivery from Commerce and PayPay; dividend upgrade

Japanese Telcos & Internet – What to expect in 2025: Mixed

LY Corp (Buy) – Q2 FY24 Quick Take: Upgraded profitability guidance led by Media and PayPay