6-K/A 1 d87075d6ka.htm FORM 6-K/A FORM 6-K/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K/A

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of July 2020

Commission File Number: 001-37821

LINE Corporation

(Translation of registrant’s name into English)

JR Shinjuku Miraina Tower, 23rd Floor

4-1-6 Shinjuku

Shinjuku-ku, Tokyo, 160-0022, Japan

(Address of principal executive offices)

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)
August 3, 2020  

By: /s/ In Joon Hwang

  (Signature)
 

Name: In Joon Hwang

  Title: Director and Chief Financial Officer


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.

August 3, 2020

Company: LINE Corporation

Representative: Takeshi Idezawa, CEO

Stock Code: 3938 (First section of the Tokyo Stock Exchange)

Contact: Corporate Development/Investor Relations Department

Phone: 03-4316-2050

Notice of Amendment to “Consolidated Financial Results (IFRS) for the Six Months Ended June 30, 2020”

LINE Corporation announces that an amendment has been made to its unaudited “Consolidated Financial Results (IFRS) for the Six Months Ended June 30, 2020” released on July 29, 2020.

1.    Reason for amendment

In accordance with the Financial Instruments and Exchange Act, while preparing the interim condensed consolidated financial statements for the six months ended June 30, 2020, LINE Corporation identified an error in the classification of a contract liability balance between current and non-current liabilities on the interim condensed consolidated statement of financial position. Therefore, this error in the “Consolidated Financial Results (IFRS) for the Six Months Ended June 30, 2020,” announced on July 29, 2020, has been corrected as follows.

2.    Amendment

Please refer to the underlined items of the attached documents for details of the amendment.

1. Interim Condensed Consolidated Financial Statements and Selected Notes

 

  (1)

Interim Condensed Consolidated Statement of Financial Position—Unaudited


Before the amendment

 

 

     (In millions of yen)  
     December 31,
2019
    June 30,
2020
 

Liabilities

                                                                      

Current liabilities

    

Trade and other payables

     43,710       47,041  

Other financial liabilities, current

     44,826       53,020  

Accrued expenses

     23,462       19,455  

Income tax payables

     3,963       1,722  

Lease liabilities, current

     11,487       13,568  

Contract liabilities

     25,752       33,567  

Provisions, current

     3,221       3,782  

Other current liabilities

     5,238       10,045  
  

 

 

   

 

 

 

Total current liabilities

     161,659       182,200  
  

 

 

   

 

 

 

Non-current liabilities

    

Corporate bonds

     142,851       143,211  

Other financial liabilities, non-current

     362       325  

Lease liabilities, non-current

     45,150       49,988  

Deferred tax liabilities

     1,071       966  

Provisions, non-current

     4,528       4,816  

Post-employment benefits

     9,617       10,125  

Other non-current liabilities

     1,451       470  
  

 

 

   

 

 

 

Total non-current liabilities

     205,030       209,901  
  

 

 

   

 

 

 

Total liabilities

     366,689       392,101  
  

 

 

   

 

 

 

Shareholders’ equity

    

Share capital

     96,737       97,284  

Share premium

     121,299       122,554  

Treasury shares

     (6,308     (3,872

Accumulated deficit

     (53,524     (69,335

Accumulated other comprehensive income

     (71     (4,211
  

 

 

   

 

 

 

Equity attributable to the shareholders of the Company

     158,133       142,420  
  

 

 

   

 

 

 

Non-controlling interests

     16,530       22,174  
  

 

 

   

 

 

 

Total shareholders’ equity

     174,663       164,594  
  

 

 

   

 

 

 

Total liabilities and shareholders’ equity

     541,352       556,695  
  

 

 

   

 

 

 

 

– 2 –


After the amendment

 

 

     (In millions of yen)  
     December 31,
2019
    June 30,
2020
 

Liabilities

                                                                      

Current liabilities

    

Trade and other payables

     43,710       47,041  

Other financial liabilities, current

     44,826       53,020  

Accrued expenses

     23,462       19,455  

Income tax payables

     3,963       1,722  

Lease liabilities, current

     11,487       13,568  

Contract liabilities, current

     25,752       28,129  

Provisions, current

     3,221       3,782  

Other current liabilities

     5,238       10,045  
  

 

 

   

 

 

 

Total current liabilities

     161,659       176,762  
  

 

 

   

 

 

 

Non-current liabilities

    

Corporate bonds

     142,851       143,211  

Other financial liabilities, non-current

     362       325  

Lease liabilities, non-current

     45,150       49,988  

Contract liabilities, non-current

     —         5,438  

Deferred tax liabilities

     1,071       966  

Provisions, non-current

     4,528       4,816  

Post-employment benefits

     9,617       10,125  

Other non-current liabilities

     1,451       470  
  

 

 

   

 

 

 

Total non-current liabilities

     205,030       215,339  
  

 

 

   

 

 

 

Total liabilities

     366,689       392,101  
  

 

 

   

 

 

 

Shareholders’ equity

    

Share capital

     96,737       97,284  

Share premium

     121,299       122,554  

Treasury shares

     (6,308     (3,872

Accumulated deficit

     (53,524     (69,335

Accumulated other comprehensive income

     (71     (4,211
  

 

 

   

 

 

 

Equity attributable to the shareholders of the Company

     158,133       142,420  
  

 

 

   

 

 

 

Non-controlling interests

     16,530       22,174  
  

 

 

   

 

 

 

Total shareholders’ equity

     174,663       164,594  
  

 

 

   

 

 

 

Total liabilities and shareholders’ equity

     541,352       556,695  
  

 

 

   

 

 

 

 

– 3 –