[Japan]LINE and PERSOL CAREER Modify Their Stakes in Their Joint Venture AUBE

2018.04.02 Corporate Announcement

● AUBE, Ltd., a joint venture formed by PERSOL CAREER CO., LTD., and LINE Corporation, has become a consolidated subsidiary of LINE

● Product-centric business structure expected to further grow service and expand business

 

TOKYO – April 2, 2018 – LINE Corporation ("LINE") and PERSOL CAREER CO., LTD. ("PERSOL CAREER") have modified their stakes in their joint venture AUBE, Ltd. ("AUBE") on April 1, 2018.

 

The investment ratios have changed from 49% to 60% for LINE, and 51% to 40% for PERSOL CAREER, making AUBE a consolidated subsidiary of LINE Corporation.

 

AUBE was established in February 2015 as a joint venture of LINE and PERSOL CAREER (formerly known as Intelligence), and launched the part-time job information service "LINE Part Time Jobs" on February 16, 2015. The service gives LINE users access to nearly 200,000 part-time job postings for positions across Japan which users can browse through and apply to, all using LINE. Features such as "Apply via LINE"—which allows recruiters and applicants to use LINE to communicate with each other throughout the hiring process—and "Offer"—which lets recruiters directly suggest job positions to potential candidates—that take advantage of LINE's greatest values have been highly acclaimed by both users and recruiters alike. As a result, the number of registered LINE Part Time Job members topped 12 million in February 2018, three years after service launch.

 

To further accelerate the growth and business expansion of LINE Part Time Jobs, the business structure has been shifted to enable a more product-centric approach in the development and improvement of its service, which resulted in the latest modification of the two stakeholders’ respective investment ratio. Going forward, LINE Part Time Jobs will enhance its products more than ever before to boost the growth of its service, while continuing to leverage LINE's rich user base and PERSOL CAREER's experience and sales force in the part-time job market.

 

Meanwhile, AUBE will continue to provide users with new touch points and fun ways to find part-time jobs as it aims to stimulate the Japanese part-time job market.

 

Investment ratio in AUBE, Ltd.

 

[Before]

[After]

LINE

49%

60%

PERSOL CAREER

51%

40%

 

AUBE, Ltd. Overview

Established:February 2, 2015

Capital:JPY 300 million

Location of Head Office:JR Shinjuku Miraina Tower, 17F 4-1-6 Shinjuku, Shinjuku-ku, Tokyo

Representative:Tatsuya Uedo, Chief Executive Officer (PERSOL CAREER CO., LTD.)

        Jun Masuda, Chairman and Representative Director (CSMO of LINE Corporation)

Business:Provision of part-time job listings, announcements, and related information on the web and through the app

 

LINE Corporation Overview

Established:September 4, 2000 (Changed trade name from NHN Japan Corporation to LINE Corporation on April 1, 2013)

Capital:JPY 92.369 billion (As of December 31, 2017)

Location of Head Office:JR Shinjuku Miraina Tower 23F, 4-1-6 Shinjuku, Shinjuku-ku, Tokyo

Representative:Takeshi Idezawa, Representative Director, President, Chief Executive Officer

Business: Provision and operation of the LINE messaging app and content and services made available on the LINE platform, in addition to other web service businesses and AI businesses

 

PERSOL CAREER CO., LTD. Overview

Established:June 1989 (Changed trade name from Intelligence, Ltd. to PERSOL CAREER CO., LTD. on July 1, 2017)

Capital:JPY 1.127 billion

Location of Head Office:Marunouchi Building 27F, 2-4-1 Marunouchi, Chiyoda-ku, Tokyo

Representative:Taro Mineo, President and Representative Director

Business: Operation of media for permanent, temporary, and part-time job recruitment, personnel referral service, new graduate recruitment support, education and training service, organizational and HR consulting service, etc.

 

About LINE Part Time Jobs

Supported devices: iPhone and Android

Supported languages: Japanese

Supported region: Japan

Service launch: February 16, 2015 as an in-app service; April 23, 2015 as an independent app for iPhone and Android

Cost: Free

Developer and operator: AUBE, Ltd.

Copyright: ©AUBE, Ltd.

App Store: https://itunes.apple.com/jp/app/id981806752 (Japanese only)

Google Play: https://play.google.com/store/apps/details?id=com.aube.linebaito (Japanese only)

 

All other trademarks are the property of their respective owners.

All information is true and accurate at the time of publication, and subject to change without notice.