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 | ||||||
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Total current liabilities | 161,659 | 182,200 | ||||||
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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 | ||||||
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Total non-current liabilities | 205,030 | 209,901 | ||||||
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Total liabilities | 366,689 | 392,101 | ||||||
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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 | ) | ||||
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Equity attributable to the shareholders of the Company | 158,133 | 142,420 | ||||||
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Non-controlling interests | 16,530 | 22,174 | ||||||
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Total shareholders’ equity | 174,663 | 164,594 | ||||||
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Total liabilities and shareholders’ equity | 541,352 | 556,695 | ||||||
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– 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 | ||||||
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Total current liabilities | 161,659 | 176,762 | ||||||
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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 | ||||||
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Total non-current liabilities | 205,030 | 215,339 | ||||||
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Total liabilities | 366,689 | 392,101 | ||||||
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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 | ) | ||||
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Equity attributable to the shareholders of the Company | 158,133 | 142,420 | ||||||
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Non-controlling interests | 16,530 | 22,174 | ||||||
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Total shareholders’ equity | 174,663 | 164,594 | ||||||
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Total liabilities and shareholders’ equity | 541,352 | 556,695 | ||||||
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– 3 –