Report published August 11, 2026
LY Corp. (4689.T) 1Q Analysis: Goldman Sachs Raises EBITDA Estimates Following Strong Results
Source and citation context
- Issuer
- Goldman Sachs
- Report date
- August 11, 2026
- Analysis as of
- Not stated in source
Authors / editors: Minami Munakata (Analyst), Haruki Kubota (Analyst)
Finvaulta summarizes Goldman Sachs's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Goldman Sachs revised its earnings estimates for LY Corp (4689.T) upward by 9-10% for FY3/27-FY3/31 following strong 1Q performance. The firm expects LY Corp to beat its stated FY3/27 guidance, driven by profitability gains in the media segment and commerce sales growth.
Key Takeaways
- 1.Upward revision to FY3/27-FY3/31 adjusted EBITDA estimates by 9% to 10% following strong 1Q results.
- 2.Expectation of an FY3/27 guidance beat, with projected adjusted EBITDA of ¥640.5 bn vs company guidance of ¥585 bn.
- 3.Commerce segment sales assumptions raised due to strong 1Q top-line momentum and improved delivery speed.
Table of Contents
- Details on our estimates
- Key Data
- GS Forecast
- Ratios & Valuation
- Growth & Margins (%)
- Price Performance
- Income Statement (¥ bn)
- Balance Sheet (¥ bn)
- Cash Flow (¥ bn)
- Disclosure Appendix
Report data
GS Forecast
| Metric | Estimate | Context |
|---|---|---|
| FY3/27 Adjusted EBITDA Forecast | 640.5 billion JPY | Against company guidance of ¥585 bn |
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Authors / Editors
Reported Data Context
- FY3/27 Adjusted EBITDA Forecast: 640.5 billion JPY (FY3/27) · Source: Goldman Sachs Research estimates
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