Report of Foreign Issuer (6-k)
July 26 2017 - 8:33AM
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 July 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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July 26, 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 Reports Other Operating Income (Gains on Transfer of
Business)
TOKYO--(BUSINESS WIRE)--July 26, 2017--LINE Corporation (NYSE:LN)
(TOKYO:3938) (Headquarters: Shinjuku-ku, Tokyo, Japan; Representative
Director and CEO: Takeshi Idezawa; hereinafter the “Company”) announces
it has determined the financial impact from the business reorganization
announced on February 24, 2017 “Notice Regarding Reorganization of
Camera App Business.”
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1. Incurred Other Operating Income
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(1) Occurrence of Event
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May 1, 2017 (Effective date of the absorption-type company split)
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(2) Event Details
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The Company incurred gains from the transfer of the camera app
business of LINE Plus Corporation (Headquarters: Gyeonggi-do, Korea;
Representative Director: Joongho Shin), a consolidated subsidiary of
the Company, which was acquired through an absorption-type split by
Snow Corporation (Headquarters: Gyeonggi-do, Korea; Representative
Director: Chang Wook Kim), an equity-method affiliate in which the
Company held 25% voting rights ownership.
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(3) Impact of Event on Results
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10,444 million yen in gains on transfer of a business is reported
as “Other Operating Income” in the Q2 2017 consolidated financial
results.
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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 Global PR
Icho Saito, 03 4316 2104
dl_gpr@linecorp.co
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