Capital and Business Alliance with Yahoo and Risk of Dependence on Transactions
First written in FY2017. 3 of 15 entries say "Restated". Latest entry: 2026-02-27.
The whole theme swung hardest in 2022: 3 of 20 companies on the "Worse" side.
5 other companies' latest entry also says "Mitigated".
- 2026-02-27MitigatedGeneral Meetings of Shareholders
「On 13 August 2025, Zホールディングス中間株式会社, which had been another related company of the company, sold all of the company’s shares that it held and ceased to qualify as a related party of the company. As a result, LINEヤフー株式会社, its parent company, also ceased to qualify as a related party of the company.」
The company disclosed that Zホールディングス中間 and LINEヤフー ceased to qualify as related parties, further reducing the capital and related-party ties with the former parent group. - FY2025-H1ReframedAnnual report
「Other affiliated company group 2 3 ●Review of business alliances and trading relationships due to major changes in shareholding status ・Diversification of business partners and stronger efforts to develop new customers ・Regular confirmation of transaction terms with the other affiliated company group and maintenance of ongoing relationships」
In addition to the previous disclosures, which focused on changes in the parent group’s management policies and transaction dependence, the review of business alliances and transaction relationships due to major changes in shareholdings is identified as a risk. The stated measures are to diversify business partners, regularly review transaction terms, and maintain relationships. - FY2024ReframedAnnual report
「LINEヤフー株式会社 is an other affiliated company, and the group provides services to and procures goods from the company.」
Following the tender offer for treasury shares, the capital relationship with LINEヤフー株式会社 changed from that of a parent company to that of an other affiliated company, while the business relationship involving service provision and procurement has continued. - FY2024-Q1MitigatedAnnual report
「As a result of this tender offer, as of 2 May 2024, the start date of settlement for this tender offer, also referred to as the settlement completion date, Z Holdings Intermediate Corporation, the company's largest shareholder and parent company, hereinafter “ZHD Intermediate,” and the company's parent companies LINEヤフー株式会社, Aホールディングス株式会社, ソフトバンク株式会社, ソフトバンクグループジャパン株式会社 and SoftBank Group Corp. ceased to qualify as the company's parent companies and newly qualified as the company's other affiliated companies.」
Following settlement of the tender offer for treasury shares, ZHD intermediate and the companies in the parent group became other affiliated companies rather than parent companies. The company states that it reviewed its capital relationships to reduce the risk of concentrating operations in LINE Yahoo and pursue an independent growth strategy. - FY2023-Q3WorsenedAnnual report
「Effective 1 October 2023, Z Holdings Corporation, the company's parent, carried out an internal group reorganization centered on its wholly owned subsidiaries LINE Corporation and Yahoo Japan Corporation, and changed its corporate name to LY Corporation. In connection with this, it changed its management policy, increasing the likelihood that the change would affect the group.」
The Company explicitly states that changes in management policy accompanying organizational restructuring within the parent company's group and the change of corporate name to LY Corporation have increased the potential impact on the Group. - FY2022ReframedAnnual report
「• The impact on performance if the Group’s business comes into competition with businesses within the parent company group, or if the partnership is terminated following a change in the parent company’s management policy • Damage to the interests of minority shareholders」
In addition to the previous risk of dependence on Yahoo and its parent group's businesses, the risk framework now explicitly covers competition and the dissolution of alliances within the parent group, as well as the impairment of minority shareholder interests. - FY2021-Q3RestatedAnnual report
「On 16 March 2021, Zホールディングス株式会社, the company's parent company, made an in-kind contribution of all the company's shares that it owned to Zホールディングス中間合同会社 (currently Zホールディングス中間株式会社), its wholly owned subsidiary. As a result, Zホールディングス中間合同会社 (currently Zホールディングス中間株式会社) became the company's parent company and largest major shareholder.」
The company continues to disclose a structure in which Z Holdings Intermediate Corporation is the parent company and largest shareholder. - FY2021-Q2RestatedAnnual report
「On 16 March 2021, Zホールディングス株式会社, the company's parent, contributed all of its shares in the company in kind to Zホールディングス中間合同会社 (currently Zホールディングス中間株式会社), its wholly owned subsidiary. As a result, Zホールディングス中間合同会社 (currently Zホールディングス中間株式会社) became the company's parent and largest shareholder among its major shareholders. Zホールディングス中間合同会社 changed its corporate form to a stock company on 23 March 2021.」
The Company continues to disclose in the second quarter that Z Holdings Interim Corporation remains its parent company and largest shareholder. As of 30 June, it held 16,788,400 shares, representing a voting interest of 51.96%. - FY2021-Q1Reorganization of the parent-company structure.Annual report
「As of 26 February 2021, LINE Corporation, now A Holdings Corporation, became the parent company of Z Holdings Corporation, the Company’s parent company. As a result, LINE Corporation, now A Holdings Corporation, became the Company’s parent company through indirect ownership of the Company’s shares. Accordingly, Shiodome Z Holdings G.K. ceased to qualify as the Company’s parent company.」
With the change of LINE Corporation’s corporate name to A Holdings Corporation, an additional indirect parent company was introduced, while Shiodome Z Holdings G.K. ceased to qualify as a parent company. In addition, Z Holdings Interim G.K. received all of the Company’s shares as an in-kind contribution and became its parent company and largest shareholder. - FY2020Changes in the number and structure of parent companies and indirect parent companiesAnnual report
「As of the date of this filing, the Group (the Company and its affiliated companies) consists of 6 parent companies, the Company (ValueCommerce Co.,Ltd.), and 2 subsidiaries.」
The number of parent companies shown increased from 5 to 6, and the company also disclosed that LINE株式会社, now Aホールディングス株式会社, became an indirect parent company in February 2021 and that a share transfer was made to Z Holdings Intermediate Corporation in March 2021. - FY2019Finalization of the parent-company structureAnnual report
「As of the date of submission of this document, our Group, consisting of the company and its affiliates, comprises five parent companies, the company itself (ValueCommerce Co.,Ltd.), and 3 subsidiaries.」
The company discloses a structure comprising five parent companies, including SoftBank Corp., with Z Holdings Corporation as its direct parent. Yahoo Japan Corporation, which currently operates the business inherited from the former Yahoo Japan Corporation, has become a major customer with the same parent company. - FY2019-Q3Change in the parent company's nameAnnual report
「As of 27 June 2019, SoftBank Corp. became the parent company of Yahoo Japan Corporation, the parent company of the Company, which changed its name to Z Holdings Corporation on 1 October 2019. As a result, SoftBank Corp. became the Company’s parent company through indirect ownership of the Company’s shares.」
The company continues to disclose its relationship with ソフトバンク株式会社, the indirect parent company, and indicates that ヤフー株式会社 changed its name to Zホールディングス株式会社 effective 1 October 2019. - FY2019-Q2Change in indirect parent companyAnnual report
「As SoftBank Corp. became the parent company of the company's parent, ヤフー株式会社, on 27 June 2019, SoftBank Corp. became the company's parent through indirect ownership of the company's shares.」
SoftBank Corp., which became the parent of Yahoo Japan Corporation, became the company's parent through indirect ownership of the company's shares. - FY2018RestatedAnnual report
「As of the end of December 2018, Yahoo Japan Corporation held 52.00% of the voting rights in the Company and was its parent company.」
Yahoo Japan is the parent company, holding 52.00% of the voting rights. The company continues to disclose its dependence on Yahoo Japan for service provision, procurement and business synergies, as well as the risks of competition, policy changes and the inability to maintain the partnership. - FY2017First statedAnnual report
「Because the services we provide are correspondingly dependent in part on the businesses operated by the company, if competition arises within the Yahoo group with respect to our group’s businesses, if the company changes its management policy toward us, or if the alliance cannot be maintained for other reasons, this could have a material impact on our group’s business and results.」
Describes the risks associated with dependence on Yahoo as parent company, advertiser, media partner and provider of CRM tools, including competition, policy changes and termination of the alliance.