LY Corp to Merge Line Pay Unit in Streamlining Move

MT Newswires Live

2025/12/23

LY (TYO:4689) said its board approved an absorption-type merger of its wholly owned subsidiary Line Pay Corporation, effective March 31, 2026, as part of efforts to streamline the group's management structure, according to a Tuesday filing on the Tokyo Stock Exchange.

Line Pay, which ceased its mobile payment service in Japan on April 30, will be absorbed into LY Corporation.

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