LINE MOBILE Corporation, a Consolidated Subsidiary of LINE Corporation, Execute of Memorandum of Understanding for Strategic Alliance and Prospect of Change to Subsidiary

TOKYO--(BUSINESS WIRE)--LINE MOBILE Corporation (hereinafter “LINE MOBILE”), a consolidated subsidiary of LINE Corporation (hereinafter the “Company”), announces that it has executed a Memorandum of Understanding together with SoftBank Corporation (hereinafter “SoftBank”) in order to proceed with discussions pertaining to a strategic alliance (hereinafter this “Alliance”) between the two companies. It is planned for LINE MOBILE to change from a consolidated subsidiary to an equity-method affiliate of the Company.As this transaction does not fall under the timely disclosure standards set forth by the Tokyo Stock Exchange, certain disclosure items and details have been omitted.