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4-Traders 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 CET

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 2017 173 B
EBIT 2017 -
Net income 2017 15 245 M
Finance 2017 120 B
Yield 2017 -
P/E ratio 2017 69,23
P/E ratio 2018 59,17
EV / Sales 2017 5,47x
EV / Sales 2018 4,76x
Capitalization 1 067 B
Duration : Period :
Line Corp Technical Analysis Chart | 3938 | JP3966750006 | 4-Traders
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 17
Average target price 4 204  JPY
Spread / Average Target -12%
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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