Decision and Details
An absorption-type merger in which LY Corporation is the surviving company and LINE Pay Corporation is the disappearing company
As LINE Pay Corporation was a wholly owned subsidiary of LY Corporation and had no minority shareholders, it was determined to be appropriate not to deliver merger consideration. LY Corporation will assume all of LINE Pay Corporation’s assets, liabilities and other rights and obligations.
| Item | Details |
|---|---|
| Matter Covered | An absorption-type merger in which LY Corporation is the surviving company and LINE Pay Corporation is the disappearing company |
| Decision Date | 15 January 2026 (date of execution of the absorption-type merger agreement) |
| Implementation Date | 31 March 2026 (effective date; completed) |
| Period Covered | On or after 31 March 2026 (after the effective date) |
| Amount | LY Corporation: assets of ¥3,786,349 million and liabilities of ¥1,585,535 million (as of 31 March 2025); LINE Pay Corporation: assets of ¥15,914,589 thousand and liabilities of ¥12,117,711 thousand (as of 31 March 2025); no merger consideration |
| Quantity / scale | 4,457,000 shares issued by LINE Pay Corporation; 100% held by LY Corporation |
| Reason | As LINE Pay Corporation was a wholly owned subsidiary of LY Corporation and had no minority shareholders, it was determined to be appropriate not to deliver merger consideration. LY Corporation will assume all of LINE Pay Corporation’s assets, liabilities and other rights and obligations. |
| Governing Rule | Article 801, Paragraph 1; Article 200 of the Ordinance for Enforcement of the Companies Act; Article 784, Paragraph 1; Article 796, Paragraph 2; Articles 789, 799 and 921 of the Companies Act |
| Related previous disclosures | “Prior Disclosure Document Relating to the Absorption-Type Merger” dated 30 January 2026 |
| Future plans | A registration of change under Article 921 of the Companies Act is scheduled to be completed within 2 weeks from 31 March 2026 |
Items this document does not state (2)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.As LINE Pay Corporation was a wholly owned subsidiary of LY Corporation and had no minority shareholders, the decision not to deliver merger consideration was considered appropriate. The company is also disclosing the progress of the procedures and the rights and obligations assumed as a post-closing disclosure under the Companies Act.