Report of Foreign Issuer (6-k)
December 04 2017 - 5:04AM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR
15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of December 2017
Commission File Number: 001-37821
LINE Corporation
(Translation
of registrant’s name into English)
1-6 Shinjuku 4-chome
Shinjuku-ku, Tokyo 150-8510, Japan
(Address
of principal executive office)
Indicate by
check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F:
Form 20-F
X
Form
40-F
Indicate by
check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1):___
Indicate by
check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7):___
SIGNATURES
Pursuant to
the requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
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LINE Corporation
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(Registrant)
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December 4, 2017
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By: /s/ In Joon Hwang
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(Signature)
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Name: In Joon Hwang
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Title: Director and Chief Financial Officer
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LINE
Corporation Acquires Shares Accompanying Transfer of Subsidiary
TOKYO--(BUSINESS WIRE)--December 3, 2017--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
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(1)
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Company name
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FIVE Inc.
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(2)
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Location
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Ebisu-West 5F, 1-16-15 Ebisunishi, Shibuya-ku, Tokyo
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(3)
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Name and title of
representative
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Keisuke Kanno, Representative Director
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(4)
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Business
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Development and operation of platform for distributing videos to
smartphones
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(5)
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Total capitalization
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163,960,000 yen
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(6)
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Established
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October 24, 2014
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(7)
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Relationship between
LINE and the changing
subsidiary
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There are no capital, personnel, or business relationships.
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3. Number of Acquired Shares and Shareholding Status Before and
After Acquisition
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(1)
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Shares owned prior to
change
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0 shares
(Percentage of voting rights ownership: 00.00%)
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(2)
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Shares to acquire
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1,448 shares
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(3)
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Shares owned after
change
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1,448 shares
(Percentage of voting rights ownership: 100.00%)
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4. Schedule
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(1)
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Signing of agreement
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December 4, 2017
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(2)
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Execution of share
transfer
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Mid-December 2017
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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.
CONTACT:
LINE Corporation
Michiko Setsu, +81-3 4316 2104
Global
PR
dl_gpr@linecorp.co
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