The Group has 53 consolidated subsidiaries. The significant subsidiaries of the Group include the following subsidiaries:
| Percentage of ownership | ||||||||||||
|
Name |
Primary business |
Country of |
December 31, 2016 |
December 31, 2017 |
||||||||
|
LINE Business Partners Corporation(1) |
Online advertisement | Japan | 100.0 | % | — | |||||||
|
LINE Fukuoka Corp. |
Management support | Japan | 100.0 | % | 100.0 | % | ||||||
|
LINE Pay Corporation |
Software Development and mobile payment service |
Japan | 100.0 | % | 100.0 | % | ||||||
|
LINE Book Distribution Corporation |
Mobile Contents | Japan | 52.0 | % | 52.0 | % | ||||||
|
LINE Ventures Corporation |
Investment | Japan | 100.0 | % | 100.0 | % | ||||||
|
LINE GAME Global Gateway, L.P. |
Investment | Japan | 100.0 | % | 100.0 | % | ||||||
|
LINE Life Global Gateway, L.P. |
Investment | Japan | 100.0 | % | 100.0 | % | ||||||
|
LINE Mobile Corporation |
Mobile virtual network operator |
Japan | 100.0 | % | 100.0 | % | ||||||
|
M.T. Burn Corporation |
Online advertisement | Japan | 50.5 | % | 50.5 | % | ||||||
|
Gatebox Inc.(2) |
IoT hologram technology development |
Japan | — | 51.0 | % | |||||||
|
BALIE Corporation(3) |
LINE@ distributor | Japan | — | 60.0 | % | |||||||
|
STAIRS Corporation(4) |
Game Development | Japan | — | 100.0 | % | |||||||
|
LINE Friends Japan Corporation(5) |
Character goods business | Japan | — | 100.0 | % | |||||||
|
LINE TICKET Corporation(6) |
Electronic ticket service |
Japan | — | 51.0 | % | |||||||
|
FIVE Inc.(7) |
Game Development |
Japan | — | 100.0 | % | |||||||
|
LINE PLAY Corporation |
Content sales |
Korea | 100.0 | % | 100.0 | % | ||||||
|
LINE Plus Corporation |
Global marketing | Korea | 100.0 | % | 100.0 | % | ||||||
|
LINE C&I Corporation |
Investment | Korea | 100.0 | % | 100.0 | % | ||||||
|
LINE Biz Plus Corporation |
Mobile payment service | Korea | 100.0 | % | 100.0 | % | ||||||
|
LINE Friends Corporation |
Character goods business | Korea | 100.0 | % | 100.0 | % | ||||||
|
LINE Games Corporation(8) |
Game Development and Publishing |
Korea | — | 100.0 | % | |||||||
|
NextFloor Corporation.(9) |
Game Development and Publishing |
Korea | — | 51.0 | % | |||||||
|
LINE UP Corporation(10) |
Global Marketing |
Korea | — | 100.0 | % | |||||||
|
LINE Digital Technology (Shanghai) Limited. |
Social Media |
China | 100.0 | % | 100.0 | % | ||||||
|
LINE Friends(Shanghai) Commercial Trade Co., Ltd.(11) |
Character goods business |
China | — | 100.0 | % | |||||||
|
LINE Taiwan Limited |
Mobile Service |
Taiwan | 100.0 | % | 100.0 | % | ||||||
|
Line Biz+ Taiwan Limited |
Payment service |
Taiwan | 100.0 | % | 100.0 | % | ||||||
|
LINE BIZ+ PTE. LTD. |
Software Development and mobile payment service |
Singapore | 100.0 | % | 100.0 | % | ||||||
|
LINE Company (Thailand) Limited(12) |
e-commerce |
Thailand | 50.0 | % | 50.0 | % | ||||||
|
LINE Euro-Americas Corp. |
Global marketing |
United States of America |
100.0 | % | 100.0 | % | ||||||
|
LINE Friends Inc.(13) |
Character goods business |
United States of America |
— | 100.0 | % | |||||||
|
MixRadio Limited |
Music distribution |
United Kingdom of Great Britain and Northern Ireland |
100.0 | % | 100.0 | % | ||||||
|
LINE Vietnam Co., Ltd(14) |
Online advertisement |
Vietnam |
95.0 | % | 100.0 | % | ||||||
|
PT. LINE PLUS INDONESIA |
Marketing |
Indonesia |
99.8 | % | 99.9 | % | ||||||
| (1) |
LINE Business Partners Corporation was merged with LINE Pay Corporation in December 2017 |
| (2) |
The Company acquired Gatebox Inc. (renamed from vinclu Inc. in July 2017) in April 2017, resulting in the 51.0% ownership. |
| (3) |
LINE Business Partners acquired the shares of BALIE Corporation in July 2017, followed by the merger of LINE Business Partners by LINE Pay Corporation in December 2017. As a result, the Group’s has 60.0% ownership of BALIE Corporation |
| (4) |
LINE Games Corporation acquired the shares of NextFloor Corporation. in July 2017, resulting in the Group’s 51.0% ownership. Additionally, in October, 2017, LINE Games Corporation acquired shares of STAIRS Corporation from NextFloor Corporations., resulting in an increase of the Group’s ownership in STAIRS Corporation from 51.0% to 100.0%. |
| (5) |
The Company established LINE Friends Japan Corporation and transferred its LINE Friends store business to LINE Friends Japan Corporation in September 2017. |
| (6) |
The Company established LINE TICKET Corporation with third-parties in September 2017, resulting in the 51.0% ownership of LINE TICKET Corporation by the Company. |
| (7) |
The Company acquired shares of FIVE Inc., resulting in FIVE Inc.to become a wholly owned subsidiary of the Group. |
| (8) |
The Company established LINE Games Corporation in June 2017. |
| (9) |
LINE Games Corporation acquired the shares of NextFloor Corporation. in July 2017, resulting in the Group’s 51.0% ownership. |
| (10) |
LINE Plus Corporation established LINE UP Corporation and transferred its game development business to LINE UP Corporation in November 2017. |
| (11) |
LINE Friends Corporation established LINE Friends (Shanghai) Commercial Trade Co., Ltd. in March 2017. |
| (12) |
The Group’s ownership in LINE Company (Thailand) Limited is 50.0%, but it holds 90.9% of the voting rights. Accordingly, LINE Company (Thailand) Limited is included in the scope of consolidation for the Group’s consolidated financial statements. |
| (13) |
LINE Friends Corporation established LINE Friends America, LLC in February 2017 and renamed it as LINE Friends Inc. in May 2017. |
| (14) |
LINE Plus Corporation acquired additional shares of LINE Vietnam Co., Ltd. in March 2017 from a third party, resulting in an increase of the Group’s ownership in LINE Vietnam Co., Ltd. from 95.0% to 100.0%. |