TOKYO — Japanese messaging app operator Line will withdraw from the web brokerage enterprise that it ran as a three way partnership with securities large Nomura Holdings, the businesses introduced on Monday, as they battle a low profitability outlook stemming from intense competitors.
The settlement, first reported by Nikkei, will see Line Securities switch its mainline inventory buying and selling and different companies to Nomura. International change margin buying and selling companies would be the sole enterprise that is still on the three way partnership. The restructuring is about to be accomplished in 2024.