v3.26.1
Related Party Transactions (Tables)
 12 Months Ended
Mar. 31, 2026
Disclosure of transactions between related parties [abstract]  
Summary of Significant Balances and Transactions Between Group and Related Parties Settlement and Other Operating Transactions, Financial Transaction and Equity Transactions

The following tables provide significant balances and related party transactions for the years ended March 31, 2024, 2025 and 2026. For information about the Group’s structure, including the parent companies, refer to Note 1, Reporting Entity.

(1)
Transactions with Related Parties

For the year ended March 31, 2024

Significant balances and transactions between the Group and related parties are as follows:

Settlement and Other Operating Transactions

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions of yen)

 

Relationship

 

Name

 

Transactions

 

Profit or
loss (1)

 

 

Settlement
amounts (2)

 

 

Outstanding
receivable
(payable)
balances (3)

 

Parent company

 

SoftBank Corp.

 

Granting PayPay Points to users
on behalf of SoftBank Corp. (4)

 

 

—

 

 

 

19,888

 

 

 

3,350

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(184

)

 

 

 

 

Securitization transaction involving
receivables

 

 

—

 

 

 

51,543

 

 

 

80,278

 

Parent company

 

LY Corporation

 

Rendering settlement service (5)

 

 

15,701

 

 

 

1,768,955

 

 

 

(138,749

)

 

 

 

 

Bearing expenses of user incentives awarded by LY Corporation (6)

 

 

6,573

 

 

 

—

 

 

 

(844

)

Subsidiary of parent company

 

SB Payment Service
Corporation

 

Utilizing settlement system for
merchants (7)

 

 

10,245

 

 

 

912,322

 

 

 

36,144

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(4,471

)

 

 

 

 

Rendering settlement service (7)

 

 

—

 

 

 

419,058

 

 

 

(22,240

)

 

(1)
Profit or loss shows the amount that is recorded in the Group’s Consolidated Statements of Profit or Loss.
(2)
Settlement amounts show the volume of settlements in millions of yen for settlement related services that are recorded as items in the Consolidated Statements of Financial Position and not recorded as profit or loss.
(3)
The receivable and payable amounts outstanding are unsecured and will be settled in cash.
(4)
The Group grants PayPay Points to users on behalf of SoftBank Corp. and claims those amounts from SoftBank Corp.
(5)
The Group renders settlement services such as for LY Corporation’s e-commerce businesses. The amounts of profit or loss and settlement amount are total of those with Yahoo Japan Corporation on and before September 30, 2023 and those with LY Corporation after September 30, 2023, due to the intra-group reorganizations of LY Corporation on October 1, 2023. Refer to Note 1, Reporting Entity for further details of the intra-group reorganizations of LY Corporation.
(6)
The Group pays for user incentives awarded mainly by making purchases on LY Corporation's e-commerce platform.
(7)
The Group utilizes SB Payment Service Corporation’s settlement system for merchants, which enables users to top up the PayPay Balance and Other Items and billings of telecommunication services of SoftBank Corp.

Financial Transaction

 

 

 

 

 

 

 

 

 

 

(In millions of yen)

 

Relationship

 

Name

 

Transactions

 

Interest amounts

 

 

Outstanding
receivable
(payable)
balances

 

Parent company

 

LY Corporation

 

Loan payables and interest expenses (1)

 

 

502

 

 

 

(95,100

)

 

 

 

 

Deposits and interest received (1)

 

 

428

 

 

 

—

 

 

(1)
Interest amount is total of those with Z Holdings Corporation on and before September 30, 2023 and those with LY Corporation after September 30, 2023, due to the intra-group reorganizations of LY Corporation on October 1, 2023. Refer to Note 1, Reporting Entity for further details of the intra-group reorganizations of LY Corporation.

For the year ended March 31, 2025

Significant balances and transactions between the Group and related parties are as follows:

Settlement and Other Operating Transactions

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions of yen)

 

Relationship

 

Name

 

Transactions

 

Profit
 or loss (1)

 

 

Settlement
amounts (2)

 

 

Outstanding
receivable
(payable)
balances (3)

 

Parent company

 

SoftBank Corp.

 

Granting PayPay Points to users
on behalf of SoftBank Corp. (4)

 

 

—

 

 

 

36,385

 

 

 

4,546

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(259

)

 

 

 

 

Securitization transaction
involving receivables

 

 

—

 

 

 

72,914

 

 

 

123,050

 

Parent company

 

LY Corporation

 

Rendering settlement service (5)

 

 

18,253

 

 

 

1,825,130

 

 

 

(148,646

)

 

 

 

 

Bearing expenses of user incentives awarded by LY Corporation (6)

 

 

2,814

 

 

 

—

 

 

 

(474

)

Subsidiary of parent company

 

SB Payment Service
Corporation

 

Utilizing settlement system
for merchants (7)

 

 

8,806

 

 

 

615,825

 

 

 

32,275

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(3,531

)

 

 

 

 

Rendering settlement service (7)

 

 

—

 

 

 

721,382

 

 

 

(39,036

)

 

(1)
Profit or loss shows the amount that is recorded in the Group’s Consolidated Statements of Profit or Loss.
(2)
Settlement amounts show the volume of settlements in millions of yen for settlement related services that are recorded as items in the Consolidated Statements of Financial Position and not recorded as profit or loss.
(3)
The receivable and payable amounts outstanding are unsecured and will be settled in cash.
(4)
The Group grants PayPay Points to users on behalf of SoftBank Corp. and claims those amounts from SoftBank Corp.
(5)
The Group renders settlement services such as for LY Corporation’s e-commerce businesses.
(6)
The Group pays for user incentives awarded mainly by making purchases on LY Corporation's e-commerce platform.
(7)
The Group utilizes SB Payment Service Corporation’s settlement system for merchants, which enables users to top up the PayPay Balance and Other Items and billings of telecommunication services of SoftBank Corp.

Financial Transactions

 

 

 

 

 

 

 

 

 

 

(In millions of yen)

 

Relationship

 

Name

 

Transactions

 

Interest amounts

 

 

Outstanding
receivable
(payable)
balances

 

Parent company

 

 LY Corporation

 

 Loan payables and interest expenses

 

 

493

 

 

 

(50,052

)

 

For the year ended March 31, 2026

Significant balances and transactions between the Group and related parties are as follows:

Settlement and Other Operating Transactions

 

 

 

 

 

 

 

 

 

 

(In millions of yen)

Relationship

 

Name

 

Transactions

 

Profit or
loss (1)

 

Settlement
amounts (2)

 

Outstanding
receivable
(payable)
balances (3)

Parent company

 

SoftBank Corp.

 

Granting PayPay Points to users
on behalf of SoftBank Corp. (4)

 

—

 

55,699

 

5,200

 

 

 

 

 

 

 

 

 

 

(459)

 

 

 

 

Securitization transaction
involving receivables

 

—

 

62,916

 

139,630

Parent company

 

LY Corporation

 

Rendering settlement service (5)

 

21,947

 

2,097,781

 

(167,738)

 

 

 

Bearing expenses of user incentives awarded by LY Corporation (6)

 

2,897

 

—

 

(358)

Subsidiary of parent company

 

SB Payment Service
Corporation

 

Utilizing settlement system for
merchants (7)

 

8,697

 

591,330

 

29,368

 

 

 

 

 

 

 

 

 

 

(1,963)

 

 

 

 

Rendering settlement service (7)

 

—

 

1,011,159

 

(53,688)
(1)
Profit or loss shows the amount that is recorded in the Group’s Consolidated Statements of Profit or Loss.
(2)
Settlement amounts show the volume of settlements in millions of yen for settlement related services that are recorded as items in the Consolidated Statements of Financial Position and not recorded as profit or loss.
(3)
The receivable and payable amounts outstanding are unsecured and will be settled in cash.
(4)
The Group grants PayPay Points to users on behalf of SoftBank Corp. and claims those amounts from SoftBank Corp.
(5)
The Group renders settlement services such as for LY Corporation’s e-commerce businesses.
(6)
The Group pays for user incentives awarded mainly by making purchases on LY Corporation's e-commerce platform.
(7)
The Group utilizes SB Payment Service Corporation’s settlement system for merchants, which enables users to top up the PayPay Balance and Other Items and billings of telecommunication services of SoftBank Corp.

Financial Transactions

 

 

 

 

 

 

 

 

(In millions of yen)

Relationship

 

Name

 

Transactions

 

Interest
amounts

 

Outstanding receivable
(payable) balances

Parent company

 

 LY Corporation

 

 Loan payables and interest
expenses

 

278

 

(20,035)

Equity Transactions

There are no significant impacts either on assets or liabilities as of March 31, 2026 or profit or loss for the year ended March 31, 2026 arising from the transactions listed in the table below.

 

 

 

 

 

 

(In millions of yen)

Relationship

 

Name

 

Transactions

 

Amount

Parent company

 

 SoftBank Corp.

 

Acquisition of shares (1)

 

5,727

 

 

 

 

Issuance of new shares (3)

 

34,889

Parent company

 

 LY Corporation

 

Acquisition of shares (1)

 

80

 

 

 

 

Issuance of new shares (3)

 

34,889

Other affiliated company

 

 SVF II Piranha (DE) LLC

 

Exercise of stock options (2)

 

15,901

 

 

 

 

Issuance of new shares (3)

 

35,944

Subsidiary of parent company

 

Z Financial Corporation (5)
(currently LY Corporation)

 

Acquisition of shares (4)

 

117,000
(1)
On April 1, 2025, the Company acquired common shares of PayPay Securities Corporation at 100,000 yen per share.
(2)
On April 4, 2025, all of the 1st Stock Options issued by the Company and held by SVF II Piranha (DE) LLC were exercised.
(3)
On April 10, 2025, the Company issued common shares through a third-party allotment.
(4)
On April 11, 2025, the Company acquired common and Class A preferred shares of PayPay Bank Corporation at 94,584 yen per share.
(5)
Z Financial Corporation was merged into LY Corporation on August 1, 2025.
Summary of Compensation for Key Executives (Directors)

The compensation for our key executives (directors) is as follows:

 

 

 

 

 

(In millions of yen)

 

 

 

For the year ended

 

Types of compensation

 

March 31, 2024

 

 

March 31, 2025

 

 

March 31, 2026

 

Remuneration and bonuses

 

 

231

 

 

 

262

 

 

 

379

 

Share-based payments (1)

 

 

—

 

 

 

—

 

 

 

189

 

Total

 

 

231

 

 

 

262

 

 

 

568

 
(1)
As the Group completed its initial public offering on March 12, 2026 and satisfied the IPO condition, the Group commenced the recognition of share-based payment expenses in the Consolidated Statements of Profit or Loss for the year ended March 31, 2026