Report of Foreign Issuer (6-k)
April 25 2018 - 06:27AM
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 April 2018
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.
|
|
|
LINE Corporation
|
|
|
|
|
(Registrant)
|
|
|
|
|
|
|
|
April 25, 2018
|
|
By: /s/ In Joon Hwang
|
|
|
|
|
(Signature)
|
|
|
|
|
|
|
|
|
|
Name: In Joon Hwang
|
|
|
|
|
Title: Director and Chief Financial Officer
|
|
LINE
Corporation Announces Summary of Consolidated Financial Results for the
Three Months Ended March 31, 2018
Prepared
in Accordance with the International Financial Reporting Standards
(“IFRS”) as issued by the International Accounting Standards Board
(“IASB”)
TOKYO--(BUSINESS WIRE)--April 25, 2018--LINE Corporation (NYSE: LN)
(TOKYO: 3938) announces the summary of its consolidated financial
results for the three months ended March 31, 2018.
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. All references to
the “Company,” “we,” “us” or “our” shall mean LINE Corporation and,
unless the context otherwise requires, its consolidated subsidiaries.
|
Company name:
|
|
LINE Corporation
(Stock Code: 3938) (the “Company”)
|
Stock exchange on which the shares are listed:
|
|
Tokyo Stock Exchange
|
URL:
|
|
http://linecorp.com/
|
Representative:
|
|
Takeshi Idezawa, Chief Executive Officer
|
Contact:
|
|
Kokan Ki, Executive Officer and Head of Finance and Accounting
|
Telephone:
|
|
+81-3-4316-2050
|
Filing date of quarterly securities report: May 10, 2018
|
Payment date of dividends: –
|
Supplemental materials prepared on quarterly financial results: Yes
|
Financial results conference scheduled: Yes (for institutional
investors and analysts)
|
|
(Yen amounts are rounded to the nearest million, unless otherwise noted.)
1.
Consolidated financial results for the first three months
of 2018 (from January 1, 2018 to March 31, 2018)
|
(1) Consolidated operating results (cumulative)
|
|
(Percentages indicate year-on-year changes.)
|
|
|
Revenues
|
|
Profit from operating
activities
|
|
Profit before income
taxes
|
|
Profit for the period
|
For the three months
ended
|
|
Millions of yen
|
|
%
|
|
Millions of yen
|
|
%
|
|
Millions of yen
|
|
%
|
|
Millions of yen
|
|
%
|
March 31, 2018
|
|
48,736
|
|
25.2
|
|
1,246
|
|
(69.0
|
)
|
|
(138
|
)
|
|
–
|
|
|
(1,770
|
)
|
|
–
|
March 31, 2017
|
|
38,916
|
|
16.3
|
|
4,025
|
|
(24.6
|
)
|
|
3,566
|
|
|
(13.9
|
)
|
|
1,632
|
|
|
–
|
|
|
|
Profit attributable to the
shareholders of the
Company
|
|
Comprehensive income
for the period
|
|
Basic earnings
per share
|
|
Diluted earnings
per share
|
For the three months
ended
|
|
Millions of yen
|
|
%
|
|
Millions of yen
|
|
%
|
|
Yen
|
|
Yen
|
March 31, 2018
|
|
(1,383
|
)
|
|
–
|
|
(4,431
|
)
|
|
–
|
|
(5.82
|
)
|
|
(5.82
|
)
|
March 31, 2017
|
|
1,437
|
|
|
–
|
|
2,799
|
|
|
–
|
|
6.58
|
|
|
6.07
|
|
|
(2) Consolidated financial position
|
|
|
Total assets
|
|
Total equity
|
|
Equity attributable
to the shareholders
of the Company
|
|
Ratio of equity
attributable to the
shareholders of the
Company
to total
assets
|
As of
|
|
Millions of yen
|
|
Millions of yen
|
|
Millions of yen
|
|
%
|
March 31, 2018
|
|
297,935
|
|
185,165
|
|
181,095
|
|
60.8
|
December 31, 2017
|
|
303,439
|
|
189,977
|
|
185,075
|
|
61.0
|
|
2.
Cash dividends
|
|
|
Annual dividends per share
|
|
|
First quarter-end
|
|
Second quarter-end
|
|
Third quarter-end
|
|
Fiscal year-end
|
|
|
Total
|
|
|
|
Yen
|
|
Yen
|
|
Yen
|
|
Yen
|
|
|
Yen
|
For the year ended
December 31, 2017
|
|
–
|
|
0.00
|
|
–
|
|
0.00
|
|
|
0.00
|
For the year ending
December 31, 2018
|
|
–
|
|
|
|
|
|
|
|
|
|
|
For the year ending
December 31, 2018
(Forecast)
|
|
|
|
–
|
|
–
|
|
–
|
|
|
–
|
|
Note:
|
|
Revisions to the cash dividends forecasts most recently announced:
None
|
|
|
Concerning cash dividends forecasts for the year ending December 31,
2018, it has not yet made a decision.
|
|
3.
Consolidated earnings forecasts for 2018 (from January 1,
2018 to December 31, 2018)
Amid rapid international and domestic changes, there is a level of
uncertainty within the mobile applications market for smartphones and
other mobile devices, the main business of the Company and its
subsidiaries (collectively, the “Group”). As the state of this market
significantly impacts the Group’s financial results, it is difficult to
formulate a precise earnings forecast. Furthermore, as the Company’s
shares are listed on the New York Stock Exchange as well as the Tokyo
Stock Exchange, we are also carefully considering risks relating to U.S.
securities regulations. Accordingly, an announcement concerning earnings
forecasts is not made at this time.
|
Notes
|
(1)
|
|
Changes in significant subsidiaries during the current period
(changes in specified subsidiaries resulting in change in scope of
consolidation): None
|
|
|
|
(2)
|
|
Changes in accounting policies and estimates
|
|
|
a. Changes in accounting policies due to revisions in accounting
standards under IFRS: Yes
|
|
|
b. Changes in accounting policies due to other reasons: None
|
|
|
c. Changes in accounting estimates: None
|
|
|
|
(3)
|
|
Number of shares issued and outstanding (common stock)
|
|
|
a. Total number of common shares issued and outstanding at the end
of the period (including treasury shares)
|
|
|
|
|
As of March 31, 2018
|
|
238,785,310 shares
|
|
|
|
|
|
|
As of December 31, 2017
|
|
238,496,810 shares
|
|
|
|
|
b. Number of treasury shares at the end of the period
|
|
|
|
|
As of March 31, 2018
|
|
1,007,710 shares
|
|
|
|
|
|
|
As of December 31, 2017
|
|
1,007,710 shares
|
|
|
|
|
c. Average number of common shares outstanding during the period
(cumulative from the beginning of the fiscal year)
|
|
|
|
|
For the three months ended March 31, 2018
|
|
237,623,721 shares
|
|
|
|
|
|
|
For the three months ended March 31, 2017
|
|
218,411,890 shares
|
|
|
|
* Information regarding the quarterly review procedures
This summary quarterly financial results report is exempt from the
quarterly consolidated financial statements review procedures in
accordance with the Financial Instruments and Exchange Act.
Additional time is needed to prepare the notes regarding IFRS 15, which
was adopted in FY 2018. The Company intends to disclose the Quarterly
Consolidated Financial Statements and Significant Notes as soon as they
have been prepared. Supplementary information to this earnings release,
including the Company’s results by segment, will be available today at
the following IR website:
https://linecorp.com/en/ir/top
.
CONTACT:
LINE Corporation
Michiko Setsu, +81-3 4316 2104
Global
PR
dl_gpr@linecorp.co
LINE (NYSE:LN)
Historical Stock Chart
From Feb 2024 to Mar 2024
LINE (NYSE:LN)
Historical Stock Chart
From Mar 2023 to Mar 2024