|Bid||40.60 x 900|
|Ask||40.77 x 800|
|Day's Range||40.77 - 40.93|
|52 Week Range||27.04 - 40.98|
|Beta (3Y Monthly)||1.09|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||26.57|
On March 29, 2019, LINE Corporation filed its Annual Report on Form 20-F for the year ended December 31, 2018 with the U.S. Securities and Exchange Commission.
Along with CEO Takeshi Idezawa, he is part of a triumvirate that also includes Chief Strategy and Marketing Officer Jun Masuda. Faced with a stagnant user base and a business model that relies on advertising, Line is doubling down on payments to underpin other financial offerings and transform into an all-in-one app like Tencent Holdings Ltd.’s WeChat. “What’s most important is that Japan is moving from a cash-centered society to a cashless one,” Shin said in an interview before the board meeting.
The operator of Japan’s most popular messaging platform and the used-goods online marketplace app will let users shop and pay for purchases at stores that accept each other’s systems starting early this summer, they told reporters in Tokyo Wednesday. After years of inactivity, mobile payments competition is heating up in Japan.
Japan's Nintendo Co Ltd said on Friday it was developing a smartphone game with messaging app operator Line Corp, as it continues to branch out into mobile gaming and diversify its revenue streams. "Dr. Mario World", the latest mobile title featuring Nintendo's multi-talented plumber, will be released in early summer, the Kyoto-based company said in a statement. Nintendo needs to find new sources of revenue to offset the decline of its aging 3DS handheld console, analysts say.
Japan's Line Corp said on Friday it will develop Dr. Mario World game with Nintendo Co Ltd. Line said it aimed to release the game around the middle of this year.
The operator of Japan’s most popular messaging platform plans to introduce Line Securities equities trading service jointly with the country’s biggest brokerage Nomura Holdings Inc. this year, provided it receives the necessary government permits, Tetsuhiko Saito, who heads Line’s financial arm, said in an interview in Tokyo. A banking offering in partnership with megabank Mizuho Financial Group Inc. could become available as early as fall 2020, Saito said.
No other nation uses social media for e-commerce as much as Thailand, with buyers and sellers haggling over price via chats just as they do in ubiquitous street markets, said Ariya Banomyong, Line’s managing director in the country. Social media applications like Line, Facebook and Instagram accounted for 51 percent of Thailand’s $3.1 billion e-commerce market last year, PricewaterhouseCoopers LLP research shows.
Japanese chat app operator Line Corp (Tokyo:3938.T - News) will set up a bank with Mizuho Financial Group Inc (Tokyo:8411.T - News) and also partner China's Tencent Holdings Ltd (HKSE:0700.HK - News) to offer mobile payment services - plans which saw its stock rise 13 percent on Tuesday. Pending regulatory approval, the bank will provide financial services to Line's almost 80 million users from 2020, Line and Mizuho said, without detailing the services to be offered. Line will hold 51 percent of the bank with Mizuho owning the rest.
(Bloomberg Opinion) -- Line Corp. investors are so desperate for any shred of good news that reports of a tie-up with Tencent Holdings Ltd. drove the stock’s biggest gain in two years.
Japanese mobile chat app operator Line Corp will tie up with Mizuho Financial Group Inc to establish a bank, a source with direct knowledge told Reuters on Tuesday, declining to be identified because the plan is not yet public. Mizuho is scheduled to hold a news conference at 3:30 p.m. (0630 GMT) to brief on a new business. Officials at the bank were not immediately available to comment on the tie-up with Line, which was first reported by public broadcaster NHK.