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Line Corporation information


Line Corporation
Native name
Line 株式会社
Formerly
  • Hangame Japan (2000-2002)
  • NHN Japan (2003-2013)
Company typeSubsidiary
IndustryInternet and Telecommunications
PredecessorNHN Japan
FoundedSeptember 4, 2000; 23 years ago (2000-09-04), in Tokyo, Japan
DefunctOctober 1, 2023
FateMerged with Z Holdings and Yahoo! Japan
SuccessorLY Corporation
Headquarters
Shinjuku, Tokyo
,
Japan
Area served
Worldwide
Key people
Takeshi Idezawa, CEO
ProductsLine, livedoor
ServicesLine App, Line Manga, Line Play, Line Taxi
Revenue¥166.4B "$1.5B USD" (2020)
Total assets¥541.4B "$5B USD"(2020)
Total equity¥147.7B "$1.4B USD" (2020)
Number of employees
2,268
ParentZ Holdings (65.3%)
SubsidiariesLine Plus Corporation
Line Business Partners Corporation
DataHotel Co., Ltd.
Line Digital Frontier
Line Vietnam
Line Company Thailand
Websitewww.lycorp.co.jp

Line Corporation (Line 株式会社, Rain Kabushiki gaisha) was a Japanese Internet company. It was a subsidiary of Z Holdings, a joint venture between SoftBank Group and Naver Corporation. It was established in 2000 as the Japanese subsidiary of South Korean NHN Corporation's online game community site Hangame, under the name Hangame Japan[1]. In 2003, it was renamed NHN Japan and in 2013, it was rebranded as Line Corporation.

The company operates various internet services, including the communication app Line, as well as Line Music, and Line Manga, and Line Pay.

In 2019, during the merger with Yahoo, Line Corporation (the original entity) was reorganized into a holding company and established as Line Split Preparation Corporation, and in 2021, it changed its company name to Line Corporation (2nd generation) by taking over the business from the original entity. At this time, the original entity changed its name to A Holdings Corporation.

On February 2, 2023, it was announced that Z Holdings and Yahoo would merge during the fiscal year 2023.[2] On October 1 of the same year, Yahoo, Z Entertainment, and Z Data merged into Z Holdings and changed their name to "Line Yahoo Corporation."[3][4] Line Corporation transferred its assets, rights, and businesses to Line Yahoo Corporation through absorption-type split except for certain overseas stocks, and changed its name to the current one.[5] It is expected to become a holding company managing overseas subsidiaries' stocks and other assets through business reorganization.

  1. ^ ハンゲームジャパン
  2. ^ "Line とヤフー、親会社のZホールディングスと3社で合併へ". 読売新聞. 2023-02-02. Retrieved 2023-02-02.
  3. ^ ヤフー株式会社と Line 株式会社の利用規約統合のご案内
  4. ^ [1][2][3]
  5. ^ グループ内再編(子会社の現物配当による孫会社の異動ならびに完全子会社との吸収合併および吸収分割)および子会社の商号変更に関する決定のお知らせ

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