Nikkei: Deeper links between Line and PayPay to start this summer: Quick Note

Research evidence excerpt

Nikkei: Deeper links between Line and PayPay to start this summer: Quick Note

Global Markets Research

2 July 2026LY Corporation

4689.T 4689 JP / EQUITY: JAPAN INTERNET

Nikkei: Deeper links between Line and PayPay to Rating Buystart this summer

Target price JPY 600Quick Note

Closing price

1 July 2026 JPY 426.6Nikkei: Closer integration between Line and PayPay from summer 2026

The 2 July morning edition of the Nikkei reported that the Line messaging service and the (Note: Quick Note reports are not a

PayPay payment service, two of LY Corporation's main offerings, will deepen their vehicle for changes to ratings, target

integration starting in summer 2026. According to the report, the main benefits of the prices, or earnings forecasts)

collaboration will be: (1) easier money transfers between individuals using PayPay's

payment function on the Line app; and (2) easier sharing of basic data, including PayPay

balance data and Line friend data. LY Corporation is reportedly pursuing enhanced data

links between the offerings of Line, Yahoo! Japan, and PayPay. Research Analysts

First impression positive: We look for increased synergies to further improve Japan internet & mediacompetitiveness

Ryohei Harahata - NSCWhile we have not confirmed the accuracy of the report, we think such integration would ryohei.harahata@nomura.com

lead to increased synergies between the company's services and between its +81 3 6703 1016

consolidated subsidiaries (something we have long anticipated), and our first impression is

Daisaku Masuno, CFA - NSCpositive. We think the increased uptake of AI and AI agents could result in product daisaku.masuno@nomura.com

searches and purchases shifting from websites and apps to AI. The company has 100mn +81 3 6703 1180