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MarketScreener Homepage  >  Equities  >  Tokyo  >  Line Corp    3938   JP3966750006

LINE CORP (3938)
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Line : Notice of Acquisition of Shares Accompanying Transfer of Subsidiary

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12/04/2017 | 08:13am CEST

Company:

LINE Corporation

Representative:

Takeshi Idezawa, CEO

Stock Code:

3938 (First section of the Tokyo Stock Exchange)

Inquiries:

Corporate Development/Investor Relations Department

Telephone:

03-4316-2050

December 4, 2017

Notice of Acquisition of Shares Accompanying Transfer of Subsidiary

LINE Corporation (hereinafter 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

    (3)

    Name and title of representative

    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

    (7)

    Relationship between LINE and the changing subsidiary

    There are no capital, personnel, or business relationships.

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

    (1)

    Shares owned prior to change

    0 shares

    (Percentage of voting rights ownership: 00.00%)

    (2)

    Shares to acquire

    1,448 shares

    (3)

    Shares owned after change

    1,448 shares

    (Percentage of voting rights ownership: 100.00%)

  4. Schedule

(1)

Signing of agreement

December 4, 2017

(2)

Execution of share transfer

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.

LINE Corporation published this content on 04 December 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 04 December 2017 07:11:15 UTC.

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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
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Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 4 776  JPY
Spread / Average Target 19%
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Managers
NameTitle
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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