LN LINE Corp (ADR)

LINE Corporation Files Its Annual Report on Form 20-F and Amendment No. 1 to the Annual Report

On March 30, 2018, LINE Corporation (NYSE:LN) (TOKYO:3938) filed its Annual Report on Form 20-F for the year ended December 31, 2017 with the U.S. Securities and Exchange Commission. Subsequently, LINE Corporation filed an Amendment No. 1 to the Annual Report with the U.S. Securities and Exchange Commission on April 18, 2018. The 2017 Annual Report on Form 20-F and Amendment No. 1 to the Annual Report can be downloaded from www.linecorp.com, as well as from the website of the U.S. Securities and Exchange Commission at www.sec.gov. Printed copies of LINE Corporation’s complete audited financial statements (including footnotes) as of and for the year ended December 31, 2017 can be requested, free of charge, by written request using the form available at www.linecorp.com/en/inquiry/ir/form.html.

EN
27/04/2018

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Reports on LINE Corp (ADR)

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Cyclical Value Areas Improving -- Add Exposure Cyclical value areas are starting to play catch-up as interest rates show signs of bottoming -- all kickstarted by Friday's better-than-expected employment report. We see many actionable opportunities, particularly within the Financial and Materials Sectors, and also several retail stocks within Consumer Discretionary. As we noted last week, despite mixed signals from the market, there continues to be an absence of breakdowns at the index and Secto...

Kazunori Ito
  • Kazunori Ito

Morningstar | Steady Progress on User Engagement Will Drive LINE’s A...

Our impression of LINE’s March quarter results is mixed. On the positive side, we believe that LINE’s improving indicators suggest the strength of its ecosystem, to which we cannot find any competitors in Japan. On the negative side, the revenue growth of ad business is slightly lower than our expectation. However, we are not concerned about the long-term growth of the company, as we are impressed with LINE’s strategy to expand its ad revenue by leveraging its ecosystem. We thus retain our...

Kazunori Ito
  • Kazunori Ito

Steady Progress on User Engagement Will Drive LINE’s Ad Revenue in t...

Our impression of LINE’s March quarter results is mixed. On the positive side, we believe that LINE’s improving indicators suggest the strength of its ecosystem, to which we cannot find any competitors in Japan. On the negative side, the revenue growth of ad business is slightly lower than our expectation. However, we are not concerned about the long-term growth of the company, as we are impressed with LINE’s strategy to expand its ad revenue by leveraging its ecosystem. We thus retain our...

Kazunori Ito
  • Kazunori Ito

Morningstar | LN Updated Star Rating from 28 Feb 2019

We revise Line’s fair value estimate from JPY 5,000 to JPY 5,400 per share, and from $45 to $49 per U.S. ADR, as we consider its revenue growth will exceed our original forecasts. We acknowledge a strong network effect from Line’s ecosystem, which is covering more than 90% of smartphone users in Japan, Taiwan, and Thailand, and because of the impressive progress in user engagement, we are more confident that Line will succeed in monetizing. We view that Line’s share price will be volatile ...

Kazunori Ito
  • Kazunori Ito

Morningstar | Improving User Engagement Will Drive Future Monetization...

We revise Line’s fair value estimate from JPY 5,000 to JPY 5,400 per share, and from $45 to $49 per U.S. ADR, as we consider its revenue growth will exceed our original forecasts. We acknowledge a strong network effect from Line’s ecosystem, which is covering more than 90% of smartphone users in Japan, Taiwan, and Thailand, and because of the impressive progress in user engagement, we are more confident that Line will succeed in monetizing. We view that Line’s share price will be volatile ...

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