Expansion into Lending and Data Businesses through the LINE Credit Joint Venture
First written in FY2019-Q3. 2 of 5 entries say "Reframed", first in FY2020-Q3. Latest entry: FY2022-Q1.
Orient moved to the "Worse" side of this theme in 2021.
0 other companies' latest entry also says "Reframed".
- FY2022-Q1ReframedAnnual report
「During the current first-quarter consolidated accounting period, LINE Credit Corporation was excluded from the scope of equity-method accounting because its capital increase reduced the Company's ownership interest and the company consequently ceased to qualify as an affiliate.」
LINE Credit ceased to be an affiliate as a result of the decline in the Company's ownership interest following its capital increase and was excluded from the scope of equity-method accounting. - FY2020RestatedAnnual report
「Through the joint venture, we aim to expand our lending business into new markets and pursue new businesses, including a data business based on the use of diverse data.」
Following completion of the investment in LINE Credit, the policy of expanding the lending business in new markets and pursuing a data business continues. - FY2020-Q3ReframedAnnual report
「We will continue to deepen our relationship with the LINE Group as a partner in areas including collaboration in the lending business.」
While ending the credit card issuance partnership with LINE Pay, the Company is reorganizing its relationship with the LINE Group to focus on collaboration in the lending business and related areas. - FY2020-Q1AdvancedAnnual report
「On 31 May 2019, LINE Credit Corporation completed a third-party allotment of shares with LINE Financial Corporation, Mizuho Bank, Ltd., and the Company as the subscribers. The company is now an equity-method affiliate of the Company. Through this, we aim to expand our lending business into new markets through the joint venture and pursue new businesses, including a data business based on the use of diverse data.」
The third-party allotment by LINE Credit Corporation was completed, and the company became an equity-method affiliate. The initiative has progressed to the stage of expanding lending in new markets and pursuing a data business through the joint venture. - FY2019-Q3First statedAnnual report
「As one such initiative, on 27 November 2018, LINE Corporation and Mizuho Financial Group,Inc. agreed to the implementation of a third-party allotment of shares by LINE Credit Corporation, with LINE Financial Corporation, Mizuho Bank, Ltd., and the Company as the subscribers. Through this, we aim to expand our lending business into new markets through the joint venture and pursue new businesses, including a data business based on the use of diverse data.」
LINE, Mizuho Financial Group,Inc., Mizuho Bank, and others agreed to implement a third-party allotment as part of a joint venture, and the Company first stated its initiative to expand lending in new markets and pursue a data business.