Last year, revenue and other operating income at Line rose about 28.3% to 120.88 billion yen ($1.14 billion). But it reported a net loss of 7.97 billion yen, compared with profit of 2 billion yen in 2014.
“I expect net profit to be around 27 billion yen next year,” said a Tokyo-based fund manager.
“The current share price is about 36 times profit, a bit higher than rivals such as 27 to 28 times at Facebook. So for me, Line’s shares have already hit my target price.”