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LINE Corporation Establishes New Subsidiary by Company Split (Simplified Incorporation-Type Company Split)

LN

TOKYO--(BUSINESS WIRE)--LINE Corporation (NYSE:LN) (TOKYO:3938) (Headquarters: Shinjuku-ku, Tokyo, Japan; Representative Director and CEO: Takeshi Idezawa; the “Company”) announced that the Company has decided at the board of directors meeting held today to establish a new subsidiary, LINE Friends Japan Corporation (the “New Company”), by a simplified incorporation-type company split (“the Split”) to succeed the Company’s LINE Friends Store business.