Z Holdings

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Z Holdings Corporation
Native name
Zホールディングス株式会社
TypePublic
TYO: 4689
IndustryInternet and Telecommunications
FoundedTokyo, Japan
Headquarters,
Japan
Area served
Worldwide
ProductsLINE, Yahoo! Japan, PayPay
ServicesLine App, Line Manga, Line Play, Line Taxi, Yahoo! Japan
OwnerA Holdings Corporation (65.3%)
(Softbank Group (32.65%)
Naver Corporation (32.65%))[1]
SubsidiariesLine Corporation
Yahoo Japan Corporation
PayPay
Websitewww.z-holdings.co.jp

Z Holdings is a Tokyo-based holding company owned by A Holdings, a holding company controlled by SoftBank Group and Naver Corporation.[2] It owns Yahoo! Japan, Japan's largest portal website; Line, Japan's largest messaging app; and PayPay, Japan's largest mobile payment app.[3] After finishing its merger of Yahoo! Japan and Line Corporation in March 2021, the company had a $43 billion market capitalisation.[4]

History[edit]

Originally, the company was established as Yahoo Japan Corporation in January 1996, but on October 1, 2019, it changed to a holding company due to a company split and changed its corporate name. This item describes the situation after the transition to a holding company (transition on October 1, 2019).

Due to the reorganization of the group centered on Yahoo Japan Corporation (first corporation) in 2019, the information and communication business division (Yahoo! JAPAN business) was absorbed and split into Yahoo Japan Corporation (second corporation), and the financial enterprise management division Was split into Z Financial Co., Ltd. and transferred to a holding company, and is responsible for the management function of the entire group centered on subsidiaries from the time of the first corporation.

On November 18, 2019, an agreement was reached on a business integration with LINE. The parent company Shiodome Z Holdings made LINE private through a takeover bid in collaboration with LINE's parent company Naver, and after the merger of Shiodome Z Holdings and LINE, the operating company established by LINE through a business split became a subsidiary of Z Holdings. Business integration is carried out by the method of moving.

In March 2021 Line Corporation merged with Yahoo! Japan, which has been operated by Z Holdings, a SoftBank Group subsidiary.[5] Under the new structure, Naver Corporation (Line's former parent company) and SoftBank Corp. (the wireless carrier unit of SoftBank Group) each hold 50 percent stakes in a new company named A Holdings Corp., which holds a majority stake in Z Holdings, which now operates Line and Yahoo! Japan.[5][6][7] Upon integrating the two businesses and creating further platforms, the merged company aims to compete with the U.S. tech giants Google, Amazon, Facebook, and Apple and the Chinese tech giants Baidu, Alibaba, and Tencent,[6] as well as the Japanese e-commerce giant Rakuten.[5] The merger also gives Z Holdings three additional Asian markets where Line is popular: Taiwan, Thailand, and Indonesia.[5]

Founded in 2021, LINE Bank is a commercial bank headquartered in Taipei, Taiwan, and owned by Z Holdings.[8][9][10]

Timeline[edit]

  • 2019
    • October 1-Implemented the following organizational restructuring and transitioned to a holding company structure .

Of the Yahoo Japan Corporation (first corporation) businesses, the businesses excluding the group business management business (Yahoo! JAPAN business) were absorbed and split into Kioimachi Split Preparation Co., Ltd. (the trade name was changed to Yahoo Japan Corporation (second corporation) on the same date). Business transfer by. Among the businesses of Yahoo Japan Corporation (the first corporation), the business management business of a financial group company was transferred to Kioicho Financial Split Preparation Co., Ltd. (the trade name was changed to Z Financial Co., Ltd. on the same day) by a simple split. Yahoo Japan Corporation (the first corporation) will be engaged only in the group business management business excluding financial services, and changed its trade name to Z Holdings Co., Ltd. on the same date .

    • November 13-The takeover bid for ZOZO Co., Ltd. was completed, and on the same day, 50.10% of the issued shares were acquired and made into a consolidated subsidiary.
    • November 18-Basic agreement with LINE Corporation on business integration .
    • December 18-Transferred shares held by SoftBank Corp. to Shiodome Z Holdings Co., Ltd., a wholly owned subsidiary, and became a consolidated subsidiary of the company .
    • December 23-Final agreement on business integration with Softbank, Naver, and LINE .
    • December 27-Corporate venture capital (English version) related business is absorbed and split into a wholly owned subsidiary Yahoo Japan Corporation .
  • 2021
    • February 26-LINE Co., Ltd. acquired the shares of the Company held by Shiodome Z Holdings GK through a takeover bid, and LINE Co., Ltd. absorbed Shiodome Z Holdings GK. LINE Co., Ltd., which became the new parent company, will be a 50-50 stake between SoftBank and Naver, and SoftBank will continue to be the parent company .
    • February 28-The parent company LINE Co., Ltd. transferred the business to LINE Split Preparation Co., Ltd. and changed its trade name to A Holdings Co., Ltd. [11]
    • March 1-LINE Co., Ltd. (2nd generation, former LINE Split Preparation Co., Ltd.) became a wholly owned subsidiary through a share exchange.[12]

References[edit]

  1. ^ "SoftBank unit to invest $4.7bn in Yahoo-Line integration".
  2. ^ Kelly, Tim; Umekawa, Takashi; Kim, Chang-Ran (2021-03-17). Sarkar, Himani; Cushing, Christopher; Cameron-Moore, Simon (eds.). "Japan to probe Line after reports it let Chinese engineers access user data". Reuters. Archived from the original on 2021-03-17. Retrieved 2021-06-06.
  3. ^ Ito, Kazunori (2021-05-16). "Z Holdings' Margin Expansion to Be Slower Because of Increasing Costs; Revise FVE to JPY 500". Morningstar, Inc. Archived from the original on 2021-06-05. Retrieved 2021-06-06.
  4. ^ Inagaki, Kana (2021-03-04). "SoftBank-backed Z Holdings seeks mega-deal to shake up online world. Newly merged $43bn group wants to create alternative to US and Chinese social media giants". Financial Times. Archived from the original on 2021-03-04. Retrieved 2021-06-06.
  5. ^ a b c d "Yahoo Japan operator, Line merge to take on foreign tech giants". Kyodo News. 1 March 2021. Retrieved 9 November 2021.
  6. ^ a b Masuda, Yoko (1 March 2021). "Yahoo Japan, Line integrate businesses to be major '3rd force'". The Asahi Shimbun. Retrieved 9 November 2021.
  7. ^ Eun-Soo, Jin (1 March 2021). "Naver and SoftBank's A Holdings joint venture established". Korea JoongAng Daily. Retrieved 9 November 2021.
  8. ^ "Line Bank to trial this week, launch by next month".
  9. ^ "Internet-only LINE Bank Commences Trial Operations in Taiwan".
  10. ^ "Japan's LINE Banks on Fintech in Taiwan".
  11. ^ "Zホールディングス株式会社とLINE株式会社の経営統合に伴う戦略的持株会社の商号の変更および体制に関するお知らせ" (Press release). ソフトバンク株式会社・NAVER Corporation. 2021-02-24. Retrieved 2021-03-06.
  12. ^ "Yahoo Japan, Line merge to form tech giant". NHK.

External links[edit]