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M&A and Subsidiary Changes4689LY CorporationInformation and Communications, Services and Others

(Progress Update) Notice Regarding a Change in the Expected Completion Date for the Acquisition of Shares in a Consolidated Subsidiary (LINE MAN CORPORATION PTE. LTD.)

The scheduled timing for LINEヤフー to make an additional investment in its consolidated subsidiary LMWN has been changed from August 2026 to by the end of October 2026. Upon completion of the additional investment, LMWN is expected to have 85,344,082 indirectly held shares, representing an ownership interest of 64.0% of voting rights.

Worth reading
49Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Neutral
Direction inferred from the company’s description.
Scale
130
USD million
Wording
Avoiding a definitive answer
How definitive the wording is.

This transaction

This additional acquisition
Disclosing companyLY Corporation
LINE MAN CORPORATION PTE. LTD.Voting rights ownership percentageNumber of shares acquired 12,428,298 shares (number of voting rights: Not disclosed)

The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.The percentage before the change is not stated in this document.

Execution Date / Effective DateScheduled to be completed by the end of October 2026
Consideration and expenses
Acquisition priceUSD 130M (investment amount)
Type of ConsiderationCash
Impact on Business Performance

The impact on consolidated results for the current fiscal year is expected to be immaterial.

Procedures and assumptions
Conditions Precedent to ExecutionCoordination in preparation for executing the agreements related to the capital increase
Management structure after acquisitionLMWN is already a consolidated subsidiary of the Company. The management structure, corporate name and treatment of employees after completion of the capital increase are Not disclosed.
This transaction
ItemDetails
Transaction nameThis additional acquisition
Name of the Subject CompanyLINE MAN CORPORATION PTE. LTD.
Acquisition priceUSD 130M (investment amount)
Type of ConsiderationCash
Number of shares acquired12,428,298 shares (number of voting rights: Not disclosed)
Voting rights ownership percentageAfter 64.0% (before not disclosed)
Impact on Business PerformanceThe impact on consolidated results for the current fiscal year is expected to be immaterial.
Execution Date / Effective DateScheduled to be completed by the end of October 2026
Conditions Precedent to ExecutionCoordination in preparation for executing the agreements related to the capital increase
Management structure after acquisitionLMWN is already a consolidated subsidiary of the Company. The management structure, corporate name and treatment of employees after completion of the capital increase are Not disclosed.
Items this document does not state (22)
Counterparty nameBusiness Description of the Subject CompanyLocation of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyExpenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Date of board resolutionContract DateValuation methodologyIndependent valuation institutionSpecial Committee

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.

The parties involved are taking time to coordinate toward executing the agreements related to the capital increase.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
(Progress Update) Notice Regarding a Change in the Expected Completion Date for the Acquisition of Shares in a Consolidated Subsidiary (LINE MAN CORPORATION PTE. LTD.) | LY Corporation (4689) timely disclosure | Komori