TOKYO--(BUSINESS WIRE)--
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”) |
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Stock exchange on which the shares are listed: |
Tokyo Stock Exchange | |||
| URL: | ||||
| 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 |
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 |
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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) Consolidated financial position |
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| Total assets | Total equity |
Equity attributable |
Ratio of equity |
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| 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 | |||||||
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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.
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Notes |
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| (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.
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