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MarketScreener Homepage  >  Equities  >  Tokyo  >  Line Corp    3938   JP3966750006

LINE CORP (3938)
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LINE Corporation : Acquires Shares Accompanying Transfer of Subsidiary

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12/04/2017 | 08:01am CEST

LINE Corporation (NYSE:LN) (TOKYO:3938) (Headquarters: Shinjuku-ku, Tokyo, Japan; Representative Director and CEO: Takeshi Idezawa; the “Company”) announces as follows that it will acquire all shares in FIVE Inc. (hereinafter “FIVE”), making it a subsidiary of the Company. As this transaction does not fall under the timely disclosure standards set forth by the Tokyo Stock Exchange, a portion of the disclosure items and details have been omitted.

1. Reasons for this Share Acquisition
Since the full-scale introduction of its performance-based ads in June 2016, the Company has shown steady growth in its business results. Meanwhile, FIVE, which is engaged in the development and operation of a platform for distributing video ads to smartphones, has used its advanced technology to achieve rapid growth in the performance-based advertising and brand advertising domains.
The Company has determined that making use of FIVE’s quality video ad platform’s business base and its specialized video ad technologies will contribute to speeding up the global growth and expansion of the LINE Group’s ad distribution business, and thus will acquire all of the shares in FIVE.

2. Overview of the Changing Subsidiary

  (1)   Company name   FIVE Inc.
  (2)   Location   Ebisu-West 5F, 1-16-15 Ebisunishi, Shibuya-ku, Tokyo

Name and title of

  Keisuke Kanno, Representative Director
  (4)   Business   Development and operation of platform for distributing videos to smartphones
  (5)   Total capitalization   163,960,000 yen
  (6)   Established   October 24, 2014

Relationship between
LINE and the changing

  There are no capital, personnel, or business relationships.

3. Number of Acquired Shares and Shareholding Status Before and After Acquisition


Shares owned prior to

(Percentage of voting rights ownership: 00.00%)
  (2)   Shares to acquire   1,448 shares

Shares owned after

(Percentage of voting rights ownership: 100.00%)

4. Schedule

  (1)   Signing of agreement   December 4, 2017

Execution of share

  Mid-December 2017

5. Future Forecast
The impact of this Share Acquisition on the Company’s consolidated results is expected to be minimal.

The Company has issued a press release today titled “LINE Corporation Enters Capital and Business Alliance With FIVE Inc.” (https://linecorp.com/en/pr/news/en/2017/1963) which provides details of FIVE’s services and their synergy with the Company’s businesses, as well as future business developments.

This is an English translation of the original Japanese-language document. Should there be any inconsistency between the translation and the original Japanese text, the latter shall prevail.

© Business Wire 2017
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Financials (JPY)
Sales 2018 213 B
EBIT 2018 -
Net income 2018 5 661 M
Finance 2018 121 B
Yield 2018 -
P/E ratio 2018 141,23
P/E ratio 2019 73,17
EV / Sales 2018 3,96x
EV / Sales 2019 3,43x
Capitalization 965 B
Duration : Period :
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Technical analysis trends LINE CORP
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 4 776  JPY
Spread / Average Target 19%
EPS Revisions
Takeshi Idezawa President, CEO & Representative Director
Hae-Jin Lee Chairman
In-Joon Hwang Chief Financial Officer & Director
Eui-Bin Park Chief Technology Officer
Jun Masuda Director, Chief Strategy & Marketing Officer
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