LINE Corporation reported un-audited consolidated and separate earnings results for the year ended December 31, 2017. For the year, the consolidated company reported revenues of ¥167,147 million compared to ¥140,704 million, profit from operating activities of ¥25,078 million compared to ¥19,897 million, profit before income taxes activities of ¥18,145 million compared to ¥17,990 million, profit attributable to the shareholders of the company of ¥8,078 million or ¥34.01 per diluted share compared to ¥6,763 million or ¥31.48 per diluted share, net cash provided by operating activities of ¥10,965 million compared to ¥28,753 million for the last year. The group recorded profit before tax from continuing operations of ¥18,145 million in the fiscal year ended December 31, 2017, a 0.9% increase from ¥17,990 million reported in last year. The main factors of increase were an increase in profit from operating activities and an increase in other non-operating income due to the revaluation of conversion right and redemption right of preferred stock. Profit for the year from continuing operations was ¥18,145 million compared to ¥17,990 million in last year. Acquisition of property and equipment and intangible assets was ¥12,622 million compared to ¥6,352 million in last year.

For the year, the separate company reported revenues of ¥125,929 million compared to ¥107,032 million, profit from operating activities of ¥13,848 million compared to ¥8,661 million, profit from ordinary activities of ¥14,157 million compared to ¥9,806 million, profit of ¥7,733 million or ¥32.56 per diluted share compared to ¥2,525 million or ¥11.75 per diluted share for the last year. Revenues, profit from operating activities, profit from ordinary activities, and profit for the year ended December 31, 2017 increased significantly as a result of the significant growth in “performance ads” such as Timeline Ads and LINE News Ads provided through the LINE advertising platform, the performance-based advertising platform the company operate.

The Group's revenues for the first quarter of fiscal year 2018 (January 1, 2018 to March 31, 2018), driven by the steady growth of revenues from advertising services, are expected to be higher compared to the corresponding period of 2017. With respect to content distribution, the Group expects to continue to generate steady revenues, mainly because the group plans to appropriately update existing titles as well as the titles launched at the end of fiscal year 2017 and to implement marketing activities. At the same time, the group expects to continue to generate steady revenues in communication from activities such as the ‘New Year's gift stickers' and other seasonal events.