Corporate Governance
Overview
& Documentation
The Board of Directors of PayPay Corporation (the “Company”) strengthens mutual oversight among Directors by ensuring that four of the nine Directors are independent outside directors. In addition, to enhance the effectiveness of the Board of Directors, the Nominating Committee reviews the diversity of the Board and examines and considers the succession plan for the President, while the Compensation Committee establishes standards and policies regarding compensation. From the perspective of improving objectivity and transparency, a majority of the members of each committee are independent outside directors. As part of the Company’s ongoing efforts to strengthen corporate governance, the Company transitioned to a company with an Audit and Supervisory Committee in June 2023. Through this transition, the Company seeks to clarify accountability for management oversight and business execution.
- Board of Directors
- Management Team
- Committees
Board of Directors
As of April 2026
Ichiro Nakayama
Representative Director
President, Corporate Officer, CEO
Jun Shimba
Director (Part-time)
Takeshi Idezawa
Director (Part-time)
Yoshimitsu Goto
Director (Part-time)
Junichi Miyakawa
Director (Part-time)
Yasuyoshi Karasawa
Independent Outside Director (Part-time), Audit and Supervisory Committee Member
Paul Yonamine
Independent Outside Director (Part-time), Audit and Supervisory Committee Member
Hiroko Kono
Independent Outside Director (Part-time), Audit and Supervisory Committee Member
Hiroto Kaneko
Independent Outside Director (Part-time), Audit and Supervisory Committee Member
Management Team
As of September 2025
Hajime Baba
Executive Vice President, Corporate Officer, Co-COO
Masamichi Yasuda
Executive Vice President, Corporate Officer, Co-COO
Masanori Sode
Managing Corporate Officer, CAO & CHRO
Wataru Kagechika
Managing Corporate Officer, CFO
Yosuke Terada
Corporate Officer, CCO, CRO & DPO
Takeshi Kasagawa
Corporate Officer
Hiroki Kawata
Corporate Officer
Hirofumi Fujii
Corporate Officer
Toshiki Motoda
Corporate Officer
Hideto Kozu
Corporate Officer
Hiroto Takagi
Corporate Officer
Masaki Misu
Corporate Officer
Masayoshi Yanase
Corporate Officer
Committee Members
December, 2025
| Audit & Supervisory Committee | Nomination Committee | Compensation Committee | |||||||
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| Ichiro Nakayama | Jun Shimba | Takeshi Idezawa | Yoshimitsu Goto | Junichi Miyakawa | Yasuyoshi Karasawa | Paul Yonamine | Hiroko Kono | Hiroto Kaneko | |
| Audit & Supervisory Committee |
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Independent Outside Director (Part-time)
Committee Chair
Committee Members
Ichiro Nakayama
Representative Director
President, Corporate Officer, CEO
President, Corporate Officer, CEO
Ichiro Nakayama
Representative Director
President, Corporate Officer, CEO
President, Corporate Officer, CEO
Apr 2013
Representative Director, IDC Frontier Inc.Mar 2016
Executive Vice President, Ikyu CorporationJun 2018
President & Representative Director, CEO, Corporate Officer, PayPay Corporation (to date)Nov 2020
Director, Z Financial CorporationApr 2021
Managing Corporate Officer, Yahoo Japan Corporation (currently LY Corporation)May 2022
Director, Fukuoka SoftBank HAWKS Corp. (to date)Nov 2023
Director, PayPay Bank Corporation
Jun Shimba
Director (Part-time)
Jun Shimba
Director (Part-time)
Apr 1985
Joined SOFTBANK Corp. Japan (current SoftBank Group Corp.)Jun 2005
Director, SOFTBANK BB Corp. (current SoftBank Corp.)Apr 2006
Managing Executive Officer, Vodafone K.K. (current SoftBank Corp.)Jun 2007
Director & Managing Executive Officer, SOFTBANK BB Corp. (current SoftBank Corp.)Jun 2007
Managing Corporate Officer, SoftBank Mobile Corp. (current SoftBank Corp.)Jun 2012
Director & Senior Managing Corporate Officer, SoftBank Corp.Apr 2015
Senior Managing Director, SoftBank Corp.Apr 2017
Representative Director & COO, SoftBank Corp.Apr 2017
Representative Director, President & CEO,SoftBank Payment Service Corp. (current SB Payment Service Corp.)
Apr 2018
Representative Director & COO, Consumer Business Unit Head and Product Marketing Unit Head, In Charge of Government Relations, SoftBank Corp.Jun 2018
Director, PayPay Corporation (to date)Dec 2019
Representative Director & COO, Consumer Business Unit Head, Consumer Sales Unit Head,and Product & Marketing Unit Head, In Charge of Government Relations, SoftBank Corp.Apr 2021
Representative Director & COO, Consumer Business Unit Head, SoftBank Corp. (to date)Apr 2024
Representative Director & COO, SoftBank Corp.Apr 2026
Director & Chairman, SoftBank Corp. (to date)Apr 2026
Director & Chairman, SB Payment Service Corp. (to date)
Takeshi Idezawa
Director (Part-time)
Takeshi Idezawa
Director (Part-time)
Apr 2007
CEO, livedoor Co., Ltd. (current NHN Techorus Corp.)Jan 2012
Director, General Manager of Web Service Division, NHN Japan Corporation(changed trade name to LINE Corporation in April 2013)Jan 2014
Director, COO, LINE Corporation (current A Holdings Corporation)Apr 2014
Representative Director, COO, LINE Corporation (current A Holdings Corporation)Apr 2015
Representative Director, President and CEO, LINE Corporation (current A Holdings Corporation)Oct 2017
Representative Director, LINE Book Distribution CorporationJul 2018
Representative Director, LINE Digital Frontier CorporationFeb 2021
President & Representative Director, CEO, LINE Corporation (currently Z Intermediate Global Corporation)Mar 2021
Representative Director, Co-CEO, Z Holdings Corporation (currently LY Corporation)Apr 2022
Representative Director, Co-CEO, Marketing & Sales CPO, Z Holdings Corporation (currently LY Corporation)Apr 2023
President & Representative Director, CEO, Marketing & Sales CPO, Z Holdings Corporation (currently LY Corporation)Jun 2023
Director, PayPay Corporation (to date)Oct 2023
President and Representative Director, CEO (Chief Executive Officer), LY Corporation (to date)Oct 2023
Director, Z Financial Corporation
Yoshimitsu Goto
Director (Part-time)
Yoshimitsu Goto
Director (Part-time)
Apr 1987
Joined Yasuda Trust and Banking Co., Ltd. (current Mizuho Trust & Banking Co., Ltd.)Jun 2000
Joined SoftBank Corp. (current SoftBank Group Corp.)Oct 2000
Head of Finance Department, SoftBank Corp. (currently SoftBank Group Corp.)Apr 2006
Director, Vodafone K.K. (currently SoftBank Corp.)Jul 2012
Corporate Officer, Senior Vice President, SoftBank Corp. (current SoftBank Group Corp.)Oct 2013
President & CEO and acting owner, Fukuoka SoftBank HAWKS Corp. (to date)Jun 2014
Director, SoftBank Corp. (currently SoftBank Group Corp.)Jun 2015
Senior Vice President, SoftBank Corp. (currently SoftBank Group Corp.)Jun 2017
Senior Vice President, SoftBank Group Corp.Apr 2018
Senior Vice President, CFO & CISO, SoftBank Group Corp.Jun 2019
Director, PayPay Corporation (to date)Jun 2020
Director, Senior Vice President, CFO, CISO & CSusO, SoftBank Group Corp.Nov 2020
Director, Corporate Officer, Senior Vice President, CFO, CISO, CSusO, SoftBank Group Corp.Jun 2022
Director, Corporate Officer, Senior Vice President, CFO & CISO, SoftBank Group Corp.Jun 2025
Director, Corporate Officer, Senior Vice President, CFO, CISO & GCO, SoftBank Group Corp.(to date)
Junichi Miyakawa
Director (Part-time)
Junichi Miyakawa
Director (Part-time)
Dec 1991
Representative Director & President, KK Momotaro InternetJun 2000
Representative Director & President, Nagoya MetallicCommunications Corp. (current SoftBank Corp.)
Jan 2002
Representative Director & President, Tokyo MetallicCommunications Corp. (current SoftBank Corp.)
Jan 2002
Representative Director & President, Osaka MetallicCommunications Corp. (current SoftBank Corp.)
Apr 2002
Representative Director & President, DTH Marketing Corp. (current SoftBank Corp.)Aug 2003
Director, SOFTBANK BB Corp. (current SoftBank Corp.)Apr 2006
Director & Executive Vice President (CTO), Vodafone K.K. (current SoftBank Corp.)Jun 2007
Director, Executive Vice President & CTO, SoftBank Corp.Nov 2014
Director & Senior Managing Corporate Officer, SoftBank Corp.Nov 2014
Technical Chief Operating Officer, Sprint Corporation (current Sprint LLC)Apr 2015
Senior Managing Director, SoftBank Corp.Aug 2015
Senior Technical Advisor, Sprint Corporation (current Sprint LLC)Apr 2017
Senior Managing Director & CTO, SoftBank Corp.Dec 2017
President and CEO, HAPS Mobile Inc. (current SoftBank Corp.)Apr 2018
Representative Director & CTO, Technology Unit Head and Technology Strategy Unit Head, SoftBank Corp.Jan 2019
President and CEO, MONET Technologies Inc.Apr 2021
President & CEO, SoftBank Corp. (to date)Jun 2021
Director, A Holdings Corporation (to date)Jun 2022
Director, MONET Technologies Inc.Jun 2025
Director, PayPay Corporation (to date)
Yasuyoshi Karasawa
Independent Outside Director (Part-time),
Audit and Supervisory Committee
Member
Audit and Supervisory Committee
Member
Yasuyoshi Karasawa
Independent Outside Director (Part-time),
Audit and Supervisory Committee
Member
Audit and Supervisory Committee
Member
Apr 1975
Joined The Sumitomo Marine and Fire Insurance Co., Ltd.Apr 2004
Executive Officer, General Manager of Corporate Planning Department, Mitsui Sumitomo Insurance Co., Ltd.Jun 2005
Director, Executive Officer, General Manager of Corporate Planning Department, Mitsui Sumitomo Insurance Co., Ltd.Apr 2006
Director, Managing Executive Officer, Mitsui Sumitomo Insurance Co., Ltd.Apr 2008
Director, Senior Executive Officer, Mitsui Sumitomo Insurance Co., Ltd.Director, Mitsui Sumitomo Insurance Group Holdings, Inc. (current MS&AD Insurance Group Holdings, Inc.)
Apr 2009
Director, Senior Executive Officer, Mitsui Sumitomo Insurance Group Holdings, Inc.Apr 2010
Representative Director, President, CEO, Mitsui Sumitomo Insurance Co., Ltd.Representative Director, Executive Officer, MS&AD Insurance Group Holdings, Inc.
Jun 2014
Representative Director, President, CEO, MS&AD Insurance Group Holdings, Inc.Apr 2016
Representative Director, Chairman of the Board, Mitsui Sumitomo Insurance Co., Ltd.Apr 2017
Representative Director, President, CEO, Group CEO MS&AD Insurance Group Holdings, Inc.Jun 2020
Director, Chairman of the Board,, MS&AD Insurance Group Holdings, Inc.Apr 2021
Director, Senior Advisor, Mitsui Sumitomo Insurance Co., Ltd.Jun 2021
Senior Advisor, Mitsui Sumitomo Insurance Co., Ltd. (to date)Jun 2023
Independent Outside Director, Audit and Supervisory Committee Member, PayPay Corporation (to date)
Paul Yonamine
Independent Outside Director (Part-time),
Audit and Supervisory Committee
Member
Audit and Supervisory Committee
Member
Paul Yonamine
Independent Outside Director (Part-time),
Audit and Supervisory Committee
Member
Audit and Supervisory Committee
Member
Jun 1979
Joined Peat, Marwick, Mitchell & Co. (current KPMG LLP)May 1983
Registered as a Certified Public Accountant in the U.S.Apr 1995
KPMG LLP Hawaii Managing PartnerMar 1997
CEO, KPMG Global Solutions K.K. (current PwC Advisory LLC)Aug 2001
Chairman & Representative Director of KPMG Global Solutions K.K.Apr 2006
President & CEO, Hitachi Consulting Co. Ltd.May 2010
Vice President, IBM Japan, Ltd.Apr 2013
Managing Partner, IBM Japan, Ltd.Jan 2015
General Manager, IBM Japan, Ltd.Mar 2017
Director, GCA CorporationJun 2017
Director, Central Pacific BankJun 2017
Chairman, GCA CorporationOct 2018
Director & Non-Executive Chairman, Central Pacific Financial Corp.Chairman & CEO, Executive Chairman, Central Pacific Bank
Jun 2019
Outside Director, Sumitomo Mitsui Banking Corporation (to date)Dec 2020
Outside Director, Circlace Inc.May 2022
Outside Director, Seven & i Holdings Co., Ltd. (to date)Jan 2023
Chairman Emeritus & Director (Non Executive Director),Central Pacific Financial Corp. (to date)Chairman Emeritus & Director (Non Executive Director), Central Pacific Bank (to date)
Jun 2023
Independent Outside Director, Audit and Supervisory Committee Member, PayPay Corporation (to date)
Hiroko Kono
Independent Outside Director (Part-time),
Audit and Supervisory Committee
Member
Audit and Supervisory Committee
Member
Hiroko Kono
Independent Outside Director (Part-time),
Audit and Supervisory Committee
Member
Audit and Supervisory Committee
Member
Apr 1989
Joined Mitsubishi CorporationJul 1992
Joined Capital International Research, Tokyo OfficeJan 2001
Capital Group Companies, Los Angeles HeadquartersFeb 2003
Capital International Research, Washington OfficeJul 2008
Capital International K.K., Tokyo OfficeJul 2011
Councilor and board member of the establishment preparatory foundation, International School of Asia, KaruizawaNov 2013
Executive Director and Secretary General, International School of Asia, KaruizawaMar 2016
Secretary General, United World College ISAK JapanNov 2018
Executive Coach, COACH A Co., Ltd.May 2021
Outside Director, LIFE CORPORATION (to date)Mar 2022
Executive Coach, Officer, COACH A Co., Ltd.Aug 2022
Outside Director, Member of the Audit Committee, SATUDORA HOLDINGS CO., LTD. (to date)Jun 2023
Independent Outside Director, Audit and Supervisory Committee Member, PayPay Corporation (to date)Jul 2023
Senior Executive Coach, COACH A Co., Ltd. (to date)
Hiroto Kaneko
Independent Outside Director (Part-time),
Audit and Supervisory Committee
Member
Audit and Supervisory Committee
Member
Hiroto Kaneko
Independent Outside Director (Part-time),
Audit and Supervisory Committee
Member
Audit and Supervisory Committee
Member