~~Table~~SECURITIES ofAND ~~Contents~~EXCHANGE COMMISSION

~~UNITED~~Washington, ~~STATES~~D.C. 20549

~~SECURITIES~~Form ~~AND~~6-K ~~EXCHANGE COMMISSION~~

~~Washington,~~REPORT ~~D.C.~~OF ~~20549~~FOREIGN PRIVATE ISSUER

~~Form~~PURSUANT 6TO RULE 13a-K16 OR 15d-16 UNDER

~~REPORT~~THE OFSECURITIES ~~FOREIGN~~EXCHANGE ~~PRIVATE~~ACT ~~ISSUER~~OF 1934

~~PURSUANT~~For TOthe ~~RULE~~month ~~13a-16~~of ORNovember ~~15d-16~~2020 ~~UNDER~~

~~THE~~Commission ~~SECURITIES~~File ~~EXCHANGE~~Number: ~~ACT~~001-37821 ~~OF 1934~~

~~For~~LINE ~~the~~Corporation ~~month of November 2020~~

~~Commission~~(Translation ~~File~~of ~~Number:~~registrant’s ~~001-37821~~name into English)

~~LINE~~1-6 ~~Corporation~~Shinjuku 4-chome

~~(Translation~~Shinjuku-ku, ofTokyo ~~registrant’s~~150-8510, ~~name~~Japan ~~into English)~~

JR(Address ~~Shinjuku~~of ~~Miraina~~principal ~~Tower,~~executive ~~23rd~~office) ~~Floor~~

4Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-~~1-6~~F ~~Shinjuku~~or Form 40-F.

~~Shinjuku~~Form 20-~~ku, Tokyo, 160~~F X Form 40-~~0022, Japan~~ F

~~(Address~~Indicate ofby check ~~principal~~mark ~~executive~~if ~~offices)~~the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Indicate by check mark ~~whether~~if the registrant ~~files~~is orsubmitting ~~will~~the ~~file~~Form ~~annual~~6-K ~~reports~~in ~~under~~paper ~~cover~~as ofpermitted ~~Form 20-F~~by orRegulation ~~Form 40~~S-F.T Rule 101(b)(7):

~~Form 20-F X Form~~SIGNATURES ~~40-F~~

~~Indicate~~Pursuant byto ~~check~~the ~~mark~~requirements ifof the ~~registrant~~Securities isExchange ~~submitting~~Act of 1934, the ~~Form~~registrant ~~6-K~~has induly ~~paper~~caused asthis ~~permitted~~report to be signed on its behalf by ~~Regulation~~the ~~S-T~~undersigned, ~~Rule~~thereunto ~~101(b)(1):~~ duly authorized.

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):


		LINE Corporation
		(Registrant)

November 6, 2020		By: /s/ In Joon Hwang
		(Signature)

		Name: In Joon Hwang
		Title: Director and Chief Financial Officer

~~Table~~[Reference translation – in case of ~~Contents~~any discrepancy, the original Japanese version shall prevail.]

~~SIGNATURES~~November 6, 2020

~~Pursuant~~Press toRelease ~~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)
November 5, 2020		By: /s/ In Joon Hwang
		(Signature)
		Name: In Joon Hwang
		Title: Director and Chief Financial Officer

Company Name: LINE Corporation

~~Table~~Representative: ofTakeshi ~~Contents~~Idezawa,

~~Announcement~~President ofand ~~Additional~~Representative ~~Information~~Director ~~of Summary of Consolidated Financial Results for the Nine Months Ended September 30, 2020~~

~~LINE Corporation~~ (~~Headquarters:~~Code ~~Shinjuku-ku, Tokyo, Japan; Representative Director and President~~number: ~~Takeshi~~3938 ~~Idezawa)~~First ~~announces additional information for the “Summary of Consolidated Financial Results for the Nine Months Ended September 30~~Section, ~~2020”~~Tokyo ~~announced on October 28, 2020, as follows.~~

~~The~~Stock ~~new~~Exchange) ~~information consists of the following:~~

1. Interim Condensed Consolidated Financial Statements and Selected Notes		6
(3) Interim Condensed Consolidated Statement of Comprehensive Income - Unaudited		8
(4) Interim Condensed Consolidated Statement of Change in Equity - Unaudited		9
(5) Notes to Interim Condensed Consolidated Financial Statements - Unaudited		11
Notes to Significant Accounting Policies		11
Notes to Subsequent Events		16

Inquiries: Investor Relations

~~– 1 –~~ TEL: 03-4316-2050

~~Table~~Notice of ~~Contents~~Confirmation of Terms for the Issuance of Stock Options

~~This~~With isrespect anto ~~English~~the ~~translation~~issuance of ~~the~~stock ~~original~~options ~~Japanese-language~~decided ~~document.~~by ~~Should~~the ~~there~~resolution beof ~~any~~the ~~inconsistency between~~board ~~the~~of ~~translation~~directors ~~and~~of ~~the~~LINE ~~original~~Corporation ~~Japanese~~(Headquarters: ~~text~~Shinjuku-ku, ~~the~~Tokyo, ~~latter~~Japan; ~~shall~~President & ~~prevail.~~CEO: ~~All~~Takeshi ~~references~~Idezawa; to the “Company,”) ~~“we~~on July 29,” ~~“us”~~2020, orcertain ~~“our”~~previously ~~shall~~undetermined ~~mean~~items ~~LINE~~have ~~Corporation~~been ~~and,~~confirmed ~~unless~~as ~~the context otherwise requires, its consolidated subsidiaries~~follows.

~~October 28,~~1. ~~2020~~LINE Corporation 26th Stock Options

~~LINE~~(1) ~~Corporation~~Total ~~Announces~~number ~~Summary~~ of stock options:

~~Consolidated~~30,240 ~~Financial~~allotments ~~Results~~

~~for~~(2) ~~the~~Amount ~~Nine~~to ~~Months~~be ~~Ended~~paid ~~September 30,~~in ~~2020~~for stock options

~~<Prepared~~225,478 inyen ~~accordance~~per ~~with~~stock ~~the~~option ~~International~~(2,255 ~~Financial~~yen ~~Reporting~~per ~~Standards~~share ~~(“IFRS”~~of stock)

asPersons ~~issued~~who byhave been allotted stock options shall set off his/her claims for remuneration against the ~~International~~Company ~~Accounting~~in ~~Standards~~lieu ~~Board~~of ~~(“IASB”)>~~payment of monies for the stock options allotted.

~~TOKYO — LINE Corporation~~ (~~NYSE: LN~~3) ~~(TOKYO:~~Value ~~3938) announces the summary~~ of ~~its~~property ~~consolidated~~to ~~financial~~be ~~results~~contributed ~~for~~upon ~~the~~exercise ~~nine~~of ~~months~~stock ~~ended September 30, 2020.~~ options

Company name:		LINE Corporation (Stock Code: 3938) (the “Company”)
Stock exchange on which the shares are listed:		Tokyo Stock Exchange
URL:		http://linecorp.com/
Representative:		Takeshi Idezawa, Chief Executive Officer
Contact:		Kokan Ki, Executive Officer
Telephone:		+81-3-4316-2050
Filing date of quarterly securities report: November 6, 2020
Payment date of dividends: –
Supplemental materials prepared on quarterly financial results: Yes
Financial results conference scheduled: None

564,700 yen per stock option (5,647 yen per share of stock)

(~~Yen~~4) ~~amounts~~People who are ~~rounded~~ to be allotted stock options, the ~~nearest~~number ~~million~~thereof, ~~unless~~and ~~otherwise~~the ~~noted.)~~number of stock options to be allotted

1. Consolidated financial results for the first nine months of 2020 (from January 1, 2020 to September 30, 2020)


Allottee	Number of Allottees		Number of Stock Options
Directors of the Company (excludes outside directors and part-time directors)		4		30,240

(1) ~~Consolidated operating results (cumulative)~~

~~(Percentages~~2. ~~indicate~~LINE ~~year-on-year~~Corporation ~~changes.)~~27th Stock Options

	Revenues					(Loss)/profit from operating activities					Loss before income taxes					Loss for the period
For the nine months ended	Millions of yen			%		Millions of yen			%		Millions of yen			%		Millions of yen			%
September 30, 2020		180,240			8.1		7,169			—		(24,149	)		—		(35,848	)		—
September 30, 2019		166,702			10.2		(27,521	)		—		(36,224	)		—		(36,834	)		—
	Loss attributable to the shareholders of the Company					Comprehensive lossfor the period					Basic earnings/(loss)per share					Diluted earnings/(loss)per share
For the nine months ended	Millions of yen			%		Millions of yen			%					Yen					Yen
September 30, 2020		(29,185	)		—		(35,940	)		—					(121.32)					(121.32)
September 30, 2019		(33,961	)		—		(40,007	)		—					(142.09)					(142.09)

(1)	Total number of stock options:

~~– 2 –~~ 240 allotments

~~Table~~(2) ofAmount ~~Contents~~to be paid in for stock options

225,478 yen per stock option (2),255 ~~Consolidated~~yen ~~financial~~per ~~position~~share of stock)

	Total assets	Total equity	Equity attributable to the shareholders of the Company	Ratio of equity attributable to the shareholders of the Company to total assets
As of	Millions of yen	Millions of yen	Millions of yen	%
September 30, 2020	568,333	161,371	143,895	25.3
December 31, 2019	541,352	174,663	158,133	29.2

Persons who have been allotted stock options shall set off his/her claims for remuneration against the Company in lieu of payment of monies for the stock options allotted.

2.(3) ~~Cash~~Value ~~dividends~~of property to be contributed upon exercise of stock options

	Annual dividends per share
	First quarter-end	Second quarter-end	Third quarter-end	Fiscal year-end	Total
	Yen	Yen	Yen	Yen	Yen
For the year ended December 31, 2019	—	0.00	—	0.00	0.00
For the year ending December 31, 2020	—	0.00	—
For the year ending December 31, 2020 (Forecast)				—	—

564,700 yen per stock option (5,647 yen per share of stock)

~~Note:~~(4) ~~Revisions~~People towho ~~the~~are ~~cash~~to ~~dividends~~be ~~forecasts~~allotted ~~most~~stock ~~recently~~options, ~~announced: None Cash dividend forecasts for~~ the ~~year~~number ~~ending December 31~~thereof, ~~2020:~~and ~~The~~the ~~Company~~number ~~has~~of ~~not~~stock ~~yet~~options ~~made~~to abe ~~decision regarding its year-end dividends.~~allotted

3. Consolidated earnings forecasts for 2020 (from January 1, 2020 to December 31, 2020)


Allottee	Number of Allottees		Number of Stock Options
Outside directors of the Company		3		240

Amid rapid international and domestic changes, there is a level of uncertainty within the mobile applications market for smartphones and other mobile devices, the main business of the Company and its subsidiaries (collectively, the “Group”)3. AsLINE ~~the~~Corporation ~~state~~28th ~~of this market significantly impacts the Group’s financial results, it is difficult to formulate a precise earnings forecast. Furthermore, as the Company’s shares are listed on the New York~~ Stock Exchange as well as the Tokyo Stock Exchange, we are also carefully considering risks relating to U.S. securities regulations. Accordingly, an announcement concerning earnings forecasts is not made at this time. Options

~~Notes~~(1) Value of property to be contributed upon exercise of stock options

~~(1)~~564,700 ~~Changes~~yen inper ~~significant~~stock ~~subsidiaries~~option ~~during the current period~~ (~~changes~~5,647 inyen ~~specified~~per ~~subsidiaries~~share ~~resulting in change in scope~~ of ~~consolidation~~stock): ~~None~~

(2) ~~Changes in accounting policies and estimates~~

a. Changes in accounting policies due to revision in accounting standard under IFRS: None

b. Changes in accounting policies due to other reasons: None

c. Changes in accounting estimates: None

(3) Number of shares issued and outstanding (common stock)

a. Total number of common shares issued and outstanding at the end of the period (including treasury shares)

As of September 30, 2020			243,715,542 shares
As of December 31, 2019			241,133,142 shares

b. Number of treasury shares at the end of the period

As of September 30, 2020			12,222 shares
As of December 31, 2019			1,524,392 shares

– 3 –

c. Average number of common shares outstanding during the period (cumulative from the beginning of the fiscal year)

For the nine months ended September 30, 2020			240,557,640 shares
For the nine months ended September 30, 2019			239,020,020 shares

Quarterly financial results reports are exempt from review procedures conducted by certified accountants or an audit firm.

For the purpose of fair disclosure in connection with the release of the financial statements by NAVER Corporation, the Company’s parent company, and timely disclosure of the Company’s Summary of Consolidated Financial Results, the Company discloses the Interim Condensed Consolidated Statement of Financial Position, Interim Condensed Consolidated Statement of Profit or Loss, segment information and going-concern assumption in advance, and other information will be released as soon as it has been prepared. Supplementary information to this earnings release, including the Group’s profit and loss by segment, will be available today at the following IR website: https://linecorp.com/en/ir/top.

– 4 –

Index:

1. Interim Condensed Consolidated Financial Statements and Selected Notes			6
(1) Interim Condensed Consolidated Statement of Financial Position—Unaudited			6
(2) Interim Condensed Consolidated Statement of Profit or Loss—Unaudited			7
(3) Interim Condensed Consolidated Statement of Comprehensive Income—Unaudited			8
(4) Interim Condensed Consolidated Statement of Changes in Equity—Unaudited			9
(5) Notes to Interim Condensed Consolidated Financial Statements—Unaudited			11
Notes to Significant Accounting Policies			11
Notes to Segment Information			12
Notes to Going-Concern Assumption			15
Notes to Subsequent Events			16

– 5 –

1. Interim Condensed Consolidated Financial Statements and Selected Notes

(1) Interim Condensed Consolidated Statement of Financial Position - Unaudited

				(In millions of yen)
	December 31,2019			September 30,2020
Assets
Current assets
Cash and cash equivalents		217,345			166,817
Trade and other receivables		42,680			50,496
Other financial assets, current		20,117			46,047
Contract assets		241			199
Inventories		4,740			9,164
Other current assets		10,518			10,187
Total current assets		295,641			282,910
Non-current assets
Property and equipment		25,024			25,781
Right-of-use assets		54,337			53,740
Goodwill		17,651			16,821
Other intangible assets		7,801			7,283
Investments in associates and joint ventures		64,194			106,486
Other financial assets, non-current		51,737			50,809
Deferred tax assets		24,095			23,942
Other non-current assets		872			561
Total non-current assets		245,711			285,423
Total assets		541,352			568,333
Liabilities
Current liabilities
Trade and other payables		43,710			49,987
Corporate bonds		—			143,393
Other financial liabilities, current		44,826			63,379
Accrued expenses		23,462			18,635
Income tax payables		3,963			3,422
Lease liabilities, current		11,487			13,425
Contract liabilities, current		25,752			28,165
Provisions, current		3,221			3,740
Other current liabilities		5,238			8,970
Total current liabilities		161,659			333,116
Non-current liabilities
Corporate bonds		142,851			—
Other financial liabilities, non-current		362			349
Lease liabilities, non-current		45,150			47,035
Contract liabilities, non-current		—			5,366
Deferred tax liabilities		1,071			4,986
Provisions, non-current		4,528			5,485
Post-employment benefits		9,617			10,419
Other non-current liabilities		1,451			206
Total non-current liabilities		205,030			73,846
Total liabilities		366,689			406,962
Shareholders’ equity
Share capital		96,737			101,641
Share premium		121,299			125,275
Treasury shares		(6,308	)		(63	)
Accumulated deficit		(53,524	)		(78,326	)
Accumulated other comprehensive income		(71	)		(4,632	)
Equity attributable to the shareholders of the Company		158,133			143,895
Non-controlling interests		16,530			17,476
Total shareholders’ equity		174,663			161,371
Total liabilities and shareholders’ equity		541,352			568,333

– 6 –

(2) Interim Condensed Consolidated Statement of Profit or Loss - Unaudited

	(In millions of yen)
	For the nine-month period ended September 30,
	2019			2020
Revenues and other operating income:
Revenues		166,702			180,240
Other operating income		2,897			29,747
Total revenues and other operating income		169,599			209,987
Operating expenses:
Payment processing and licensing expenses		(26,406	)		(30,693	)
Sales commission expenses		(12,197	)		(7,007	)
Employee compensation expenses		(51,572	)		(58,321	)
Marketing expenses		(25,566	)		(18,262	)
Infrastructure and communication expenses		(8,063	)		(8,543	)
Outsourcing and other service expenses		(30,619	)		(33,946	)
Depreciation and amortization expenses		(16,324	)		(19,781	)
Other operating expenses		(26,373	)		(26,265	)
Total operating expenses		(197,120	)		(202,818	)
(Loss)/profit from operating activities		(27,521	)		7,169
Finance income		400			233
Finance costs		(1,459	)		(1,525	)
Share of loss of associates and joint ventures		(9,567	)		(10,658	)
Loss on foreign currency transactions, net		(237	)		(1,395	)
Other non-operating income		2,347			1,468
Other non-operating expenses		(187	)		(19,441	)
Loss before tax from continuing operations		(36,224	)		(24,149	)
Income tax expenses		(609	)		(11,699	)
Loss for the period from continuing operations		(36,833	)		(35,848	)
Loss from discontinued operations, net of tax		(1	)		—
Loss for the period		(36,834	)		(35,848	)
Attributable to:
The shareholders of the Company		(33,961	)		(29,185	)
Non-controlling interests		(2,873	)		(6,663	)
					(In yen	)
Earnings per share
Basic loss for the period attributable to the shareholders of the Company		(142.09	)		(121.32	)
Diluted loss for the period attributable to the shareholders of the Company		(142.09	)		(121.32	)
Earnings per share from continuing operations
Basic loss from continuing operations attributable to the shareholders of the Company		(142.08	)		(121.32	)
Diluted loss from continuing operations attributable to the shareholders of the Company		(142.08	)		(121.32	)
Earnings per share from discontinued operations
Basic loss from discontinued operations attributable to the shareholders of the Company		(0.01	)		—
Diluted loss from discontinued operations attributable to the shareholders of the Company		(0.01	)		—

– 7 –

(3) Interim Condensed Consolidated Statement of Comprehensive Income - Unaudited

	(In millions of yen)
	For the nine-month period ended September 30,
	2019			2020
Loss for the period		(36,834	)		(35,848	)
Other comprehensive income
Items that will not be reclassified to profit or loss:
Net changes in fair value of equity instruments at FVOCI		1,085			3,159
Income tax relating to items that will not be reclassified to profit or loss		(348	)		(982	)
Items that may be reclassified to profit or loss:
Debt instruments at FVOCI:
Net changes in fair value of debt instruments at FVOCI		55			(96	)
Reclassification to profit or loss of debt instruments at FVOCI		1			(10	)
Exchange differences on translation of foreign operations:
Loss arising during the period		(4,727	)		(3,006	)
Reclassification to profit or loss		85			76
Proportionate share of other comprehensive income of associates and joint ventures		151			490
Income tax relating to items that may be reclassified subsequently to profit or loss		525			277
Total other comprehensive loss for the period, net of tax		(3,173	)		(92	)
Total comprehensive loss for the period, net of tax		(40,007	)		(35,940	)
Attributable to:
The shareholders of the Company		(36,867	)		(29,375	)
Non-controlling interests		(3,140	)		(6,565	)

– 8 –

(4) Interim Condensed Consolidated Statement of Change in Equity - Unaudited

	(In millions of yen)
	Equity attributable to the shareholders of the Company
													Accumulated other comprehensive income
	Sharecapital			Sharepremium			Treasuryshares			Accumulateddeficit			Foreigncurrencytranslationreserve			Financialassets atFVOCI			Definedbenefit planreserve		Total
Balance at January 1, 2019		96,064			118,626			(8,205	)		(5,556	)		(659	)		(1,417	)		63		198,916
Adjustment on adoption of new accounting Standards		—			—			—			(26	)		—			—			—		(26	)
Balance at January 1, 2019 (adjusted)		96,064			118,626			(8,205	)		(5,582	)		(659	)		(1,417	)		63		198,890
Comprehensive (loss)/income
Loss for the period		—			—			—			(33,961	)		—			—			—		(33,961	)
Other comprehensive (loss)/income		—			—			—			—			(3,766	)		860			—		(2,906	)
Total comprehensive (loss)/income for the period		—			—			—			(33,961	)		(3,766	)		860			—		(36,867	)
Transactions with owners and other transactions
Recognition of share-based payments		—			1,111			—			—			—			—			—		1,111
Forfeiture of stock options		—			(51	)		—			51			—			—			—		—
Exercise of stock options		471			(117	)		—			—			—			—			—		354
Changes in interest in subsidiaries		—			221			—			—			—			—			—		221
Acquisition of subsidiaries		—			—			—			—			—			—			—
Disposal of treasury shares		—			(447	)		1,608			—			—			—			—		1,161
Purchase of treasury shares		—			—			(1	)		—			—			—			—		(1	)
Transfer of accumulated other comprehensive income to accumulated deficit		—			—			—			46			—			(46	)		—		—
Distributions		—			—			—			—			—			—			—		—
Other		—			—			—			(25	)		—			—			—		(25	)
Total transactions with owners and other transactions		471			717			1,607			72			—			(46	)		—		2,821
Balance at September 30, 2019		96,535			119,343			(6,598	)		(39,471	)		(4,425	)		(603	)		63		164,844
	Non-controllinginterests			Totalshareholders’equity
Balance at January 1, 2019		9,598			208,514
Adjustment on adoption of new accounting standards					(26	)
Balance at January 1, 2019 (adjusted)		9,598			208,488
Comprehensive (loss)/income
Loss for the period		(2,873	)		(36,834	)
Other comprehensive (loss)/income		(267	)		(3,173	)
Total comprehensive (loss)/income for the period		(3,140	)		(40,007	)
Transactions with owners and other transactions
Recognition of share-based payments		—			1,111
Forfeiture of stock options		—			—
Exercise of stock options		—			354
Changes in interest in subsidiaries		12,614			12,835
Acquisition of subsidiaries		246			246
Disposal of treasury shares		—			1,161
Purchase of treasury shares		—			(1	)
Transfer of accumulated other comprehensive income to accumulated deficit		—			—
Distributions		(1,669	)		(1,669	)
Other		—			(25	)
Total transactions with owners and other transactions		11,191			14,012
Balance at September 30, 2019		17,649			182,493

– 9 –

	(In millions of yen)
	Equity attributable to the shareholders of the Company
													Accumulated other comprehensive income
	Sharecapital			Sharepremium			Treasuryshares			Accumulateddeficit			Foreigncurrencytranslationreserve			Financialassets atFVOCI			Definedbenefit planreserve			Total
Balance at January 1, 2020		96,737			121,299			(6,308	)		(53,524	)		(1,342	)		2,355			(1,084	)		158,133
Comprehensive (loss)/income
Loss for the period		—			—			—			(29,185	)		—			—			—			(29,185	)
Other comprehensive (loss)/income		—			—			—			—			(2,673	)		2,487			(4	)		(190	)
Total comprehensive (loss)/income for the period		—			—			—			(29,185	)		(2,673	)		2,487			(4	)		(29,375	)
Transactions with owners and other transactions
Recognition of share-based payments		—			2,664			—			—			—			—			—			2,664
Forfeiture of stock options		—			(13	)		—			13			—			—			—			—
Exercise of stock options		4,904			927			—			—			—			—			—			5,831
Changes in interest in subsidiaries		—			—			—			—			—			—			—			—
Derecognition of non-controlling interests due to loss of control of subsidiaries		—			—			—			—			—			—			—			—
Disposal of treasury shares		—			398			6,296			—			—			—			—			6,694
Purchase of treasury shares		—			—			(51	)		—			—			—			—			(51	)
Transfer of accumulated other comprehensive income to accumulated deficit		—			—			—			4,371			—			(4,371	)		—			—
Other		—			—			—			(1	)		—			—			—			(1	)
Total transactions with owners and other transactions		4,904			3,976			6,245			4,383			—			(4,371	)		—			15,137
Balance at September 30, 2020		101,641			125,275			(63	)		(78,326	)		(4,015	)		471			(1,088	)		143,895
	Non-controllinginterests			Totalshareholders’equity
Balance at January 1, 2020		16,530			174,663
Comprehensive (loss)/income
Loss for the period		(6,663	)		(35,848	)
Other comprehensive (loss)/income		98			(92	)
Total comprehensive (loss)/income for the period		(6,565	)		(35,940	)
Transactions with owners and other transactions
Recognition of share-based payments		—			2,664
Forfeiture of stock options		—			—
Exercise of stock options		—			5,831
Changes in interest in subsidiaries		9,947			9,947
Derecognition of non-controlling interests due to loss of control of subsidiaries		(2,436	)		(2,436	)
Disposal of treasury shares		—			6,694
Purchase of treasury shares		—			(51	)
Transfer of accumulated other comprehensive income to accumulated deficit		—			—
Other		—			(1	)
Total transactions with owners and other transactions		7,511			22,648
Balance at September 30, 2020		17,476			161,371

– 10 –

(5) Notes to Interim Condensed Consolidated Financial Statements - Unaudited

Notes to Significant Accounting Policies

The significant accounting policies adopted in the preparation of the unaudited interim condensed consolidated financial statements are consistent with those followed in the preparation of the Group’s annual consolidated financial statements for the year ended December 31, 2019.

The adoption of new and revised IFRS issued by the International Accounting Standards Board that are mandatorily effective for an accounting period that begins on or after January 1, 2020 had no significant impact on the Group’s unaudited interim condensed consolidated financial statements as of September 30, 2019 and 2020 and for the nine-month periods then ended, as well as annual consolidated financial statements for the year ended December 31, 2019.

In addition, the new and revised standards and interpretations that have been issued but are not yet effective have not been adopted early by the Group.

– 11 –

Notes to Segment Information

The Group identifies operating segments based on the internal report regularly reviewed by the Group’s Chief Operating Decision Maker to make decisions about resources to be allocated to segments and to assess performance. An operating segment of the Group is a component for which discrete financial information is available. The Chief Operating Decision Maker has been identified as the Company’s board of directors. No operating segments have been aggregated to form the reportable segments.

Under the corporate strategy to allocate the resources generated from the Core business to the Strategic business, the Company’s board of directors individually assesses the business performance of the Core business based on revenue and profitability growth and assesses the business performance of the Strategic business based on profitability as well as important non-financial KPIs such as expansion of the user base.

(1) Description of Reportable Segments

The Group’s reportable segments are as follows:

Core business segment The Core business segment mainly consists of advertising service, communication and content. Advertising services mainly include display advertising, account advertising, and other advertising. Display advertising provides advertisements on services such as LINE NEWS. Account advertising mainly includes LINE Official Accounts and Sponsored Stickers. Other advertising mainly includes advertisements on services such as livedoor Blog, NAVER Matome and advertisements appearing on LINE Part-Time Job. Communication mainly includes LINE Stickers. Content mainly includes LINE GAME. Strategic business segment The Strategic business segment consists of Fintech services such as LINE Pay service, and other services such as AI, LINE Friends, and E-commerce.

(2) Profit or Loss for the Group’s reportable segments

The Group’s operating profit or loss for each segment is prepared in the same method as used in the consolidated financial statements, except that certain items such as other operating income and share-based compensation expenses are included in corporate adjustments. Also, IT development expenses and indirect expenses such as department management fees are allocated based on the information such as the hours of service provided, the number of server infrastructures used to provide the service, or the percentage of revenues. As the Company’s board of directors uses the information after eliminating intercompany transactions for their performance assessment, there is no adjustment between segments.

– 12 –

For the nine-month period ended September 30, 2019

												(In millions of yen)
	Reportable segments								Corporateadjustments(1)			Consolidated
	Core business		Strategicbusiness			Total
Revenue from external customers		144,881		21,821			166,702			—			166,702
Segment profit/(loss)(2)		24,959		(52,412	)		(27,453	)		(68	)		(27,521	)
Depreciation and amortization expenses		10,464		5,860			16,324			—			16,324

(1) Corporate adjustments include other operating income and expenses such as share-based compensation expenses.

(2) The amount of Segment profit/(loss) is equivalent to (loss)/profit from operating activities on the Interim Condensed Consolidated Statement of Profit or Loss.

For the nine-month period ended September 30, 2020

											(In millions of yen)
	Reportable segments								Corporateadjustments(1)		Consolidated
	Core business		Strategicbusiness			Total
Revenue from external customers		155,795		24,445			180,240			—		180,240
Segment profit/(loss)(2)		34,561		(50,080	)		(15,519	)		22,688		7,169
Depreciation and amortization expenses		12,697		7,084			19,781			—		19,781

(1) Corporate adjustments include other operating income and expenses such as share-based compensation expenses. Other operating income includes the gain on loss of control of subsidiaries and business transfer.

(2) The amount of Segment profit/(loss) is equivalent to (loss)/profit from operating activities on the Interim Condensed Consolidated Statement of Profit or Loss.

The reconciliation of Segment (loss)/profit to loss before tax from continuing operations is as follows:

For the nine-month periods ended September 30,

				(In millions of yen)
	2019			2020
Segment (loss)/profit		(27,521	)		7,169
Finance income		400			233
Finance costs		(1,459	)		(1,525	)
Share of loss of associates and joint ventures		(9,567	)		(10,658	)
Loss on foreign currency transactions, net		(237	)		(1,395	)
Other non-operating income		2,347			1,468
Other non-operating expenses(1)		(187	)		(19,441	)
Loss for the period before tax from continuing operations		(36,224	)		(24,149	)

(1) Other non-operating expenses for the nine-month period ended September 30, 2020 include the impairment of investments in associates of 17,101 million yen.

The above items are not allocated to individual segments as these are managed on an overall group basis.

– 13 –

(3) Revenues from Major Services

The Group’s revenues from continuing operations from its major services for the nine-month periods ended September 30, 2019 and 2020 are as follows.

Revenues recognized at a point in time mainly consist of revenues from LINE Friends.

For the nine-month periods ended September 30,

(In millions of yen)

	2019		2020
Core business
Advertising
Display advertising(1)		34,640		50,936
Account advertising(2)		46,261		43,759
Other advertising(3)		10,200		5,762
Sub-total		91,101		100,457
Communication, content, and others
Communication(4)		21,549		22,727
Content(5)		28,694		30,679
Others		3,537		1,932
Subtotal		53,780		55,338
Core business total		144,881		155,795
Strategic business
Friends(6)		14,048		8,000
Others(7)		7,773		16,445
Strategic business total		21,821		24,445
Total		166,702		180,240

(1) Revenues from display advertising primarily consisted of fees from advertisement on services such as Timeline, Smart Channel and LINE NEWS.

(2) Revenues from account advertising primarily consisted of fees from LINE Official Accounts, Sponsored Stickers and LINE Points.

(3) Revenues from other advertising were mainly attributable to advertising revenue from livedoor, NAVER Matome and LINE Part-Time Job.

(4) Revenues from communication were mainly attributable to sales of LINE Stickers and Creator Stickers.

(5) Revenues from content primarily consisted of sales of LINE GAME’s virtual items.

(6) Friends primarily consisted of revenues from sales of character goods.

(7) Others primarily consisted of revenues from E-commerce.

– 14 –

Notes to Going-Concern Assumption

Not applicable.

– 15 –

Notes to Subsequent Events

Not applicable.

– 16 –

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Filing Compare · LINE Corp