SoftBank Technology Corp.
We would like to inform you of the following matters regarding our controlling shareholders, etc.
1. Trade names, etc. of the parent company, controlling shareholder (excluding the parent company), or other affiliated companies
(As of March 31, 2018)
name | attribute | Percentage of voting rights held | The issued stock certificate is listed Financial instruments exchanges, etc. |
||
---|---|---|---|---|---|
direct ownership | Amount to be added up | total | |||
SoftBank Group Corp. | Parent company | - | 54.3% (Indirect holding) |
54.3% | Tokyo Securities Co., Ltd. First section of the exchange market |
SoftBank Group International LLC | Parent company | 54.3% | - | 54.3% | - |
2. Among the parent companies, the name of the company deemed to have the greatest influence on the listed company and the reason thereof
name | reason |
---|---|
SoftBank Group Corp. | This is because the company is in a position to exercise ultimate influence and is a high-ranking company with capital that can determine the direction of the corporate group. |
3. Position of a listed company within the corporate group of the parent company, etc. and other relationships between the listed company and the parent company, etc.
SoftBank Group operates businesses such as the Domestic Telecommunications Business, Sprint Business, Yahoo Business, Distribution Business, Arm Business, and SoftBank Vision Fund and Delta Fund Business. As part of this group, our company operates an ICT services business centered on domestic corporations and government offices, with strengths in technological areas such as cloud, security, and big data.
As mentioned above, SoftBank Group and SBGI are parent companies that own 54.3% of the voting rights of the Company, and are in a position to influence the management decisions of the Company through the exercise of their rights as majority shareholders. However, in developing our business, we assume management responsibility and manage our business based on our own decision-making, and we believe that a certain degree of independence is ensured.
In addition, in order to solicit opinions from outside the company and increase the effectiveness of audits, one general manager of a related business from SoftBank Group has been appointed as an auditor of the Company. The status of concurrent positions of officers is as follows.
post | Name Title | Main positions at the parent company, etc. or its group companies | Reason for appointment |
---|---|---|---|
Audit & Supervisory Board Member | Ippei Mimura | General Manager SoftBank Group Corp. Related Business Department Vector Co., Ltd. Director Audit & Supervisory Board Member, Cyginia Co., Ltd. |
Requested by our company for appointment to exchange information and strengthen monitoring functions, etc. |
Four. Matters related to transactions with controlling shareholders, etc.
There are no applicable matters regarding transactions with SoftBank Group and SBGI during the current consolidated fiscal year.
(From April 1, 2017 to March 31, 2018): (Thousands of yen)
Relationship with related parties | Transaction details | Transaction amount | Subject | Ending balance |
---|---|---|---|---|
Sales of products and business outsourcing | Product sales, system development, technical support, etc. | 5,647,282 | accounts receivable | 1,900,397 |
Five. Status of implementation of measures to protect minority shareholders when conducting transactions with the parent company
As with other business partners, the Company determines selling prices for transactions with its parent company, taking into consideration factors such as the cost of the transaction, selling, general and administrative expenses, appropriate profits, and market trends. Furthermore, the calculation and determination of price conditions are the same as with other business partners.
■The PDF of this release can be downloaded from the link below.
Click here for the PDF
Contact information for inquiries from media regarding this matter
○ SoftBank Technology Corp. Corporate Planning Division Corporate Planning Department
Email: sbt-ir@tech.softbank.co.jp