LINE Financial Corporation, a Consolidated Subsidiary of LINE Corporation, Issues Third-Party Allocation of New Shares and Changes to Specified Subsidiary

TOKYO--(BUSINESS WIRE)--LINE Financial Corporation (hereinafter "LINE Financial"), a consolidated subsidiary of LINE Corporation (hereinafter the "Company"), announces today that it has made a resolution to issue new shares to the Company through a third-party allocation of new shares, with such shares to be underwritten by the Company.Since the total capitalization of LINE Finance will become equivalent to ten-hundredths or greater of the Company's total capitalization once the third-party allocation of new shares to increase capital is completed, LINE Financial will therefore correspond to a specified subsidiary.