PayPay Corp

PayPay Corporation announced the results of its 8th Annual General Meeting of Shareholders held on June 29, 2026. Shareholders approved Proposal No. 1, which involved the election of five directors. All five nominated candidates, including Ichiro Nakayama, Takeshi Idezawa, Yoshimitsu Goto, Junichi Miyakawa, and Fumiya Takasu, were successfully elected with strong majority votes, ranging from 99.23% to 99.47% approval.

PayPay Corporation announced its board resolution to acquire 70.2% of T&D Financial Life Insurance Company from T&D Holdings, Inc., making it a subsidiary. The cash acquisition, valued at approximately JPY 131,985 million plus JPY 2,352 million in estimated expenses, is slated for completion by October 1, 2027. This strategic move aims to expand PayPay's financial service offerings by integrating life insurance, leveraging T&D Financial Life's customer base and PayPay's digital platform. Concurrently, One Investment Management Ltd will acquire a 14.9% stake in T&D Financial Life.

PayPay Corporation reported strong financial results for the fourth quarter and full year ended March 31, 2026, driven by its Payment and Financial Service segments. Full-year profit surged 201% to ¥117.8 billion on a 27% increase in total revenue. The company also provided financial guidance for the fiscal year ending March 31, 2027, anticipating continued revenue and Adjusted EBITDA growth. Business updates highlighted the expansion of eKYC-verified users, industry-leading growth in PayPay Card issuance, and strategic initiatives to nurture youth engagement.