Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Tokyo  >  Line Corp    3938   JP3966750006

LINE CORP (3938)
Mes dernières consult.
Most popular
  Report  
SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

LINE Corporation : Acquires Shares Accompanying Transfer of Subsidiary

share with twitter share with LinkedIn share with facebook
share via e-mail
0
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
  (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.


© Business Wire 2017
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on LINE CORP
04:12aLINE : BITBOX Digital Token Exchange Begins Operations
PU
07/09LINE : transcosmos Becomes One of the Initial "Clova Extensions Kit" Partners Th..
AQ
06/28LINE : CONFERENCE 2018 in Review
PU
06/28LINE : Announces Plan to Launch Cryptocurrency Exchange BITBOX in July Enabling ..
PU
06/28LINE : Pay Announces Initiatives to Popularize Code Payment
PU
06/28LINE : Pay Teams Up with QUICPay to Support Contactless Payment
PU
06/28LINE : Announces “Clova Auto” To Enable Connectivity Between Automob..
PU
06/28LINE : Clova to Open Platform to Public
PU
06/28LINE : SHOPPING Introduces “Shopping Lens,” a New Feature to Search ..
PU
06/28LINE : Launches "LINE Travel"
PU
More news
News from SeekingAlpha
07/10After Hours Gainers / Losers (07/10/2018) 
06/13LINE : Under-Monetized Messaging Platform With Multiple Ways To Win 
04/26Line Corp. 2018 Q1 - Results - Earnings Call Slides 
04/25Line Corp reports Q1 results 
02/01Line Corp. 2017 Q4 - Results - Earnings Call Slides 
Financials ( JPY)
Sales 2018 204 B
EBIT 2018 -
Net income 2018 4 607 M
Finance 2018 113 B
Yield 2018 -
P/E ratio 2018 244,49
P/E ratio 2019 85,28
EV / Sales 2018 5,45x
EV / Sales 2019 4,68x
Capitalization 1 222 B
Chart LINE CORP
Duration : Period :
Line Corp Technical Analysis Chart | 3938 | JP3966750006 | 4-Traders
Technical analysis trends LINE CORP
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Average target price 4 375  JPY
Spread / Average Target -14%
EPS Revisions
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
Sector and Competitors
1st jan.Capitalization (M$)
LINE CORP8.99%10 868
FACEBOOK17.44%600 114
TWITTER INC84.34%33 486
MATCH GROUP INC26.00%10 770
SINA CORP-16.31%6 009
DENA CO LTD-10.32%2 820