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Name | Symbol | Market | Type |
---|---|---|---|
LINE Corporation | NYSE:LN | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 51.98 | 0 | 01:00:00 |
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.
(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
|
Profit before income
|
Profit for the period | |||||||||||||||||||
For the three months
|
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
|
Comprehensive income
|
Basic earnings
|
Diluted earnings
|
|||||||||||||
For the three months
|
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. 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
|
– | |||||||||||
For the year ending
|
– | – | – | – |
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.
* 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
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