Public © LY Corporation Company Introduction 2026.04 

Public © LY Corporation 1 Mission WOW Our Users! 

Public © LY Corporation Values Our values are the ways of thinking and acting that we cherish in order to achieve our mission. スススス 10 ス ススススス No.1スススス 10x Fas te r Disrupt and Reinvent Uncompromising pursuit of No .1 

Public © LY Corporation 3 01 Company Overview 02 Strategy and Strengths 03 Organization 04 Internal Systems/Office Contents 

Public © LY Corporation Company Overview 4 01 

Public © LY Corporation 5 Company Name LY Corporation Company Representative Chairman & Representative Director , Kentaro Kawabe President, CEO & Representative Director, Takeshi Idezawa Main Business Activities Development of internet advertising, e - commerce, and membership services, as well as management and oversight of group companies. Headquarters Kioi Tower 1 - 3 Kioicho , Chiyoda - ku , Tokyo 102 - 8282, Japan Date of Establishment January 31, 1996 Fiscal Year End March 31 Trading Unit 100 Publication Date November 4, 1997(JASDAQ) Capital 250,128 million yen (As of March 31,2025) Number of Consolidated Subsidiaries 104 (As of March 31,2025) Number of Affiliates Accounted for by the Equity Method 38 (As of March 31,2025) Company Overview 01 

Public © LY Corporation 01 Company Overview Driving the Shift to Smartphones 1996 Yahoo Japan Founded 2015 ASKUL Became a Consolidated Subsidiary 2019 Yahoo’s management functions were consolidated into Z Holdings 2022 PayPay Became a Consolidated Subsidiary 2019 ZOZO Became a Consolidated Subsidiary 2023 LY Corporation Launched 2021 Business Integration with LINE No. 1 in PC Internet Services (Media Business) Expanding Commerce and Fintech Businesses The Journey of LY Corporation With a user - first approach, we continuously work to create new user experiences and lead the growth of Japan’s internet industry. Driving Data Utilization 

Public © LY Corporation Employees 7 01 Company Overview Approximately 10,400 diverse employees challenge one another, grow together, and foster a culture that creates new value. 20s Around 1,900 （ 18% （ 30s Around 4,350 （ 42% （ 40s Around 3,150 （ 30% （ 50s Around 1,000 （ 10% （ By Age Group By Job Category Engineer Around 4,800 （ 46% （ Business Around 1,900 （ 18% （ Planning Around 1,800 （ 17% （ Designer Around 600 （ 6% （ Corporate Around 1,200 （ 12% （ Others Around 100 （ 1% （ （ As of April 2025 （ Full - time employees only 

Public © LY Corporation Our Strategy and Strengths 8 02 

Public © LY Corporation Key Strategies 02 Our Strategy and Strengths By strengthening touchpoints through AI agents, we maximize service usage. Leveraging data to deliver highly accurate recommendations, we simultaneously drive revenue growth and enhance user experience. Enhancing Recommendation Quality and Accuracy Data Accumulation and Deeper User Understanding 

Public © LY Corporation 02 Our Strategy and Strengths （1 As of the end of March 2025 （2 The number of browsers used to access Yahoo! JAPAN services.For smartphones, access via both browsers and apps is counted separately, resulting in duplicate counts. （3 As of September 2025 （4 Number of domestic accounts that use the service at least once a month （5 The number of online and offline merchants and locations where PayPay or PayPay Card can be used. User Retail Touchpoints Contents DUB 170 million MAU ス Domestic ス 98 million Number of Registered Users 68 million Number of Accounts 1.2 million Available Locations Over 10 million media, commerce, local, and more Over 100 services LY AI Agent ス2 ス1 ス4 ス5 ス1 Driving AI Agent Transformation — Our Competitive Edge and Vision ス3 Leveraging our overwhelming platform strength, we deliver WOW experiences to users. 

Public © LY Corporation 02 Our Strategy and Strengths Enhancing the Work Environment Building an Enablement Platform Learning and Growth Opportunities Multi - Vendor Strategy ChatGPT Enterprise is available to all employees. We provide an in - house AI assistant built using OpenAI APIs. Entered into usage agreements for all APIs provided by OpenAI, L.L.C. Large language models provided by Google Cloud and AWS are available for use. We provide a wide range of opportunities, including a generative AI utilization award program, a knowledge - sharing portal, and e - learning and training programs. Mandatory Use of Generative AI Developing All Employees into AI - Savvy Talent Driving AI Agent Transformation — Use Cases and Environment An environment where all employees can leverage AI to drive innovation. 

Public © LY Corporation Our Strengths — A Diverse Business Portfolio 02 Our Strategy and Strengths A uniquely diverse business portfolio spanning everything from media to communications, unmatched on a global scale. 

Public © LY Corporation Our Strengths — Japan’s Largest User Base 02 Our Strategy and Strengths ※1 Ministry of Internal Affairs and Communications’ Institute for Information and Communications Policy, “2024 Survey on Informa tio n and Communications Media Use Time and Information Behavior,” published June 2025. ※1 Institute for Information and Communications Policy, Ministry of Internal Affairs and Communications,“2024 Survey on Informat ion and Communications Media Use Time and Information Behavior,” published June 2025. ※2 As of March 2025 ※3 Nielsen Digital K.K., “TOPS OF 2024: Digital in Japan.” ※4 Based on the “Survey on Code - Based Payment Usage Trends” published on March 14, 2025, by the Cashless Promotion Council of Japan , with the share of PayPay aggregated by PayPay .※5 As of September 2025 Across three essential areas of daily life —communication, information, and payments —we achieve unparalleled reach and engagement among internet users in Japan. 

Public © LY Corporation Our Strengths — Technical Expertise 02 Our Strategy and Strengths Leveraging vast amounts of data and advanced technological expertise, we continue to create products that transform everyday life. 

Public © LY Corporation Our Strengths — Environment Providing abundant opportunities for individuals to enhance their capabilities and grow through autonomous, self - driven action. 35 hours Growth Support Average Training Hours per Employee 152,369 yen Average Training Investment per Employee Promoting ways of working that empower employees to autonomously manage optimal work locations and schedules. Ways of Working Childcare Leave Utilization Rate Creating an environment where every employee can perform at their best. Diversity Creating a strong sense of unity while cultivating a unique culture. 96.5 % Culture Building Engagement Survey Response Rate Percentage of Female Executives 14.3 % Percentage of Female Managers 22.3 % 02 Our Strategy and Strengths （ As of October 2025 Male 60.9 % Female 100 % Aiming to maximize growth and performance for both people and the organization. 

Public © LY Corporation Organization 16 03 

Public © LY Corporation 03 Organization Domain - Based Structure We implemented organizational changes to accelerate the transition to AI agents. LY Corporation Media Search Domain Commerce Domain Corporate Business Domain Contents & Membership Domain Yahoo! JAPAN Top Page ス Yahoo! ! JAPAN News ス LINE NEWS ス Yahoo! JAPAN Search ス Yahoo! JAPAN Weather & Disaster ス Yahoo! JAPAN Ads ス LINE Ads etc. Yahoo! JAPAN Shopping ス Yahoo! JAPAN Auction ス Yahoo! JAPAN Travel ス Yahoo! JAPAN Flea Market ス LINE GIFT etc . LINE Official Account ス LINE MINI App etc. LINE STICKERS ス LINE GAME ス LINE MUSIC ス LYP Premium etc. 

Public © LY Corporation Product Development Organization Service development organizations are structured by domain, while shared platforms —as well as Data & AI, service infrastructure, and security —operate across domains in a cross - functional manner. 03 Organization Media Search Domain LINE Domain（LINE Development etc.） Commerce Domain Corporate Business Domain Contents & Membership Domain Planning & Business CTO Domain （Data & AI・ Service Infrastructure ・ Technology Solutions 、CIO etc.） CEO Domain（ Business Strategy 、CISO、CDO、CGIO etc.） Engineer Design Planning & Business Engineer Design Planning & Business Engineer Design Planning & Business Engineer Design CFO Domain（ Finance & Accounting 、 Governance etc. ） 

Public © LY Corporation Human Capital Strategy Framework In addition to supporting employee growth and creating a comfortable work environment, we promote two - way dialogue between management and employees, working to revitalize the organization through enhanced engagement. 03 Organization WOW Our Users! 

Public © LY Corporation Employee Programs/Office 20 04 

Public © LY Corporation 21 Various Programs Maternity Leave / Childcare Leave Parental Leave Utilization Rate Man 60.9 % Woman 100% Shorter Working Hours System Employees on Reduced Working Hours Men 66 Woman 675 Flexible Work Arrangement Program For employees with childcare or caregiving responsibilities, we provide work styles that offer greater flexibility, enabling them to work with peace of mind while supporting their families. Happy Friday (Substitute Holiday for Weekends and Public Holidays) When a public holiday falls on a Saturday, the preceding working day is designated as a special substitute holiday. Full Flextime System We operate a flextime system with no core hours (with shift - based work in some departments). Employees can determine their working hours at their own discretion to suit their individual lifestyles. Accumulated Paid Leave Unused paid leave that has expired can be accumulated for up to 30 days and used effectively for personal illness or injury, childcare or caregiving, and school - related events for children. We have introduced the “LY Working Style,” which combines office - based and remote work. While maintaining flexible ways of working, we promote communication and collaboration within the organization, building a structure that can respond quickly and flexibly to change. 04 Employee Programs/Office （ FY2024 Result （ FY2024 Result 

Public © LY Corporation 22 Various Programs We place strong emphasis on building a growth foundation that enables each employee to fully realize their potential. To support autonomous growth, career advancement, and skill development, we provide a wide range of opportunities for challenge along with programs that employees can actively leverage. 04 Employee Programs/Office Sabbatical Leave A system for fostering employees’ further growth by providing them with the opportunity to reflect on their careers, experiences, and work styles. Full - time employees with over ten years of service are eligible to take this leave for up to three months. Subsidy for Internal Social Gatherings We offer support for social gathering expenses once a month, with a set cost limit. Utilization of this subsidy is encouraged to promote communication among team members, divisions, and project members. Language Courses We offer language courses in English, Korean, and Japanese for employees who require them for work. The company covers the full cost of these courses. Doctoral Studies Support Program A system that supports employees to obtain a Ph.D. while working. Those who qualify receive a scholarship for their science doctoral studies (up to JPY 1 million /six months) and one day of special paid leave per week. LY Corporation Job Challenge An open application system for employees who have been with the company for a certain period. It enables them to take the initiative in pursuing career advancement and skill development. Employee Training We offer business skills training to employees who wish to participate. To support each employee in taking the next step toward further growth , we help deepen self - understanding and clarify future career visions. 

Public © LY Corporation 23 Office Environment At LY Corporation, we have adopted a flexible and effective way of working that combines office - based and remote work to enable teams to perform at their best. In addition to standard desks, our offices offer a variety of spaces designed to enhance team communication, including collaboration areas, standing desks, and focus booths (available in select offices). We also provide lunch and drinks at affordable prices, supporting a comfortable and productive work environment for our employees. Public 04 Employee Programs/Office 

Public © LY Corporation EoF 24