ValueCommerce (TYO:2491) disclosed the termination of its transaction agreement with LY Corporation (TYO:4689), effective July 31, according to a Friday filing on the Tokyo Stock Exchange.
The two companies will end their collaboration on the "StoreMatch" pay-per-click advertising and CRM tool "STORE's R∞". LY plans to replace these services with in-house developed solutions.
To support the transition, ValueCommerce will provide consulting and data services, for which it will receive 1 billion yen.
LY Corporation is an associated company of ValueCommerce, owning 28.15% of its shares. For the fiscal year ending December 2024, the total sales from these services amounted to 2.48 billion yen, contributing 54.1% to ValueCommerce's consolidated sales.
The termination is expected to reduce net sales by approximately 7.3 billion yen in 2025. ValueCommerce forecasts 23.9 billion yen in net sales for the fiscal year 2025, including the compensation from LY.
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