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    4689   JP3933800009

Z HOLDINGS CORPORATION

(4689)
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Z : ABR Dynamic Funds Expands into the Japanese Market through SoftBank-Backed PayPay Asset Management

05/20/2021 | 09:01am EST

NEW YORK, May 20, 2021 (GLOBE NEWSWIRE) -- ABR Dynamic Funds, LLC (ABR), creators of innovative investment solutions for financial professionals, today announced a distribution partnership with PayPay Asset Management, previously known as Astmax Asset Management, Inc, the asset management business arm of Z Holdings Corporation, which is indirectly controlled by SoftBank Corp. and NAVER Corporation. Based in Tokyo, PayPay Asset Management provides asset management solutions across broad asset classes including traditional assets and alternative investments.

“This relationship with PayPay Asset Management only strengthens our international reach,” said Taylor Lukof, CEO of ABR Dynamic Funds. “ABR is growing rapidly as investors, including RIAs and institutions, continue to understand that volatility-based investing strategies should be part of a well-constructed portfolio. This arrangement with PayPay Asset Management only furthers that validation.”

Under SoftBank’s PayPay branding umbrella, the group is looking to encourage usage of virtual payments and increase cashless transactions in Japan. Recently, SoftBank Corp. and NAVER Corporation established A Holdings Corporation, which in turn has a more than majority share in Z Holdings Corporation, uniting both Yahoo Japan Corporation and LINE Corporation’s operations under one portfolio.

About ABR Dynamic Funds
ABR Dynamic Funds, LLC was formed in March 2015 to create innovative investment solutions for financial professionals and their clients. ABR’s parent company was originally formed in 2010 as a research-focused trading group managing internal proprietary capital and developing proprietary indices, which it then licensed to ABR.

About PayPay Asset Management
PayPay Asset Management, established in 2004, has grown by providing investment products based on a broad strategy. In 2019, PayPay Asset Management became a consolidated subsidiary of Yahoo Japan Corporation and then became a member of the Z Holdings Group in conjunction with Yahoo Japan Corporation’s transition to a holding company structure. In March 2021, the company name was changed from Astmax Asset Management to PayPay Asset Management Corporation and entered a new stage of growth.

Media Contact
info@abrfunds.com
212.918.4664


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Source: ABR Dynamic Funds

2021 GlobeNewswire, Inc., source Press Releases

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Analyst Recommendations on Z HOLDINGS CORPORATION
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Financials
Sales 2022 1 569 B 13 795 M 13 795 M
Net income 2022 93 855 M 825 M 825 M
Net Debt 2022 207 B 1 823 M 1 823 M
P/E ratio 2022 60,1x
Yield 2022 0,77%
Capitalization 5 636 B 49 676 M 49 566 M
EV / Sales 2022 3,73x
EV / Sales 2023 3,31x
Nbr of Employees 22 531
Free-Float 34,5%
Chart Z HOLDINGS CORPORATION
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Z Holdings Corporation Technical Analysis Chart | 4689 | JP3933800009 | MarketScreener
Technical analysis trends Z HOLDINGS CORPORATION
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 14
Last Close Price 742,00 JPY
Average target price 842,92 JPY
Spread / Average Target 13,6%
EPS Revisions
Managers and Directors
Kentaro Kawabe President, Co-CEO & Representative Director
Takeshi Idezawa Representative Director & Co-CEO
Ryosuke Sakaue Group CFO & Senior Managing Executive Officer
Chiaki Fujimon Group Chief Technology Officer
In-Joon Hwang Chief Global Investment Office
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