LY Corporation
Notice Regarding Effectiveness of Share Consolidation and Full Subsidiarization of BEENOS Inc.
On September 1, 2025, consolidated 2,800,000 ordinary shares of BEENOS Inc. into one share and completed its full subsidiarization. Tender offer settlement was completed on May 14, 2025.
Key Figures
- Number of Shares Consolidated: 2,800,000 shares consolidated into 1 share (effective September 1, 2025)
- Tender Offer Settlement Completion Date: 2025-05-14
- BEENOS Capital Stock: 3,178 million yen (as of end of June 2025)
AI要約
Overview of Share Consolidation and Full Subsidiarization
LINE Yahoo Corporation completed the settlement of the tender offer for BEENOS Inc. on May 14, 2025, making it a consolidated subsidiary. Furthermore, the share consolidation of 2,800,000 ordinary shares into one share, approved at an extraordinary general meeting of shareholders on July 28, 2025, became effective on September 1, 2025, making BEENOS a wholly owned subsidiary. This enables rapid establishment of a data utilization environment between the two companies, and business synergies centered on cross-border e-commerce will be fully realized.
Impact on Financial Results and Future Outlook
The impact on consolidated financial results due to full subsidiarization is expected to be minor. The BEENOS group operates cross-border e-commerce and entertainment businesses, and full subsidiarization is expected to strengthen the cross-border e-commerce business, including revitalizing distribution on "Buyee," thereby contributing to enhancing LINE Yahoo Corporation's corporate value.
