SoftBank Technology Corp.
There were some errors in the contents of the "Notice of Changes in the Parent Company and the Largest Major Shareholder" that was disclosed on March 29, 2018, so we would like to make the following corrections. Please note that the corrected parts are underlined.
Record
1. Reason for correction
SoftBank Group International LLC (currently SoftBank Group Japan Corp.) continues to be the parent company that indirectly owns the Company's shares after March 29, 2018. We would like to correct this because we incorrectly stated that this was a change in the "parent company" in the "Notice Regarding Change in the Largest Shareholder".
2. Contents of correction
1. Background that led to the change
(Before correction)
(snip)
As a result, our parent company and our largest shareholder will be transferred from SBGI to SoftBank. For details regarding this organizational reorganization, please refer to the "Notice regarding intra-group reorganization" announced today by SoftBank Group.
(Edited)
(snip)
As a result, our largest and major shareholder will be transferred from SBGI to SoftBank. For details regarding this organizational reorganization, please refer to the "Notice regarding intra-group reorganization" announced today by SoftBank Group.
2. Overview of changing shareholders (as of March 29, 2018)
(Before correction)
(1) Overview of the parent company and major shareholders who will no longer be the largest shareholder
(Edited)
(1) Overview of shareholders who will no longer be the largest shareholder who is a major shareholder
3. Number of voting rights owned by the shareholder and its percentage to the total number of voting rights
(Before correction)
(1) SoftBank Group International LLC
attribute | Number of voting rights | Percentage of voting rights held by all shareholders | Major shareholder ranking | |
Before transfer (as of March 29, 2018) | Parent company/largest shareholder who is a major shareholder | 107,350 pieces | 54.56%※ | 1st place |
After transfer | ― | ― | ― | ― |
*) Voting rights ownership ratio is calculated using 196,761 voting rights, which is the number of voting rights held by all shareholders as of December 31, 2017, as the denominator. In addition, figures are rounded to the second decimal place.
(Edited)
(1) SoftBank Group International LLC
attribute | Number of voting rights (percentage of voting rights held) | Major shareholder ranking | |||
direct ownership | Amount to be added up | total | |||
Before transfer (as of March 29, 2018) | Parent company/largest shareholder who is a major shareholder | 107,350 pieces (54.56%*) |
― | 107,350 pieces (54.56%*) |
1st place |
After transfer | Parent company | ― | 107,350 pieces (54.56%*) |
107,350 pieces (54.56%*) |
— |
(*) Voting rights ownership ratio is calculated using 196,761 voting rights, which is the number of voting rights held by all shareholders as of December 31, 2017, as the denominator. In addition, figures are rounded to the third decimal place.
Four. Whether or not there has been a change in the unlisted parent company, etc. subject to disclosure, etc.
(Before correction)
(1) Overview of the parent company and major shareholders who will no longer be the largest shareholder As a result of the above changes, SoftBank will now become the parent company of the Company. However, since SoftBank is a subsidiary of SoftBank Group, and the parent company that has the greatest influence on the Company is SoftBank Group, it does not fall under the category of unlisted parent companies, etc. that are subject to disclosure.
(Edited)
(1) As a result of the above change, SoftBank will now become our parent company. Additionally, SBGI is the parent company that indirectly owns our shares. However, SoftBank and SBGI are subsidiaries of SoftBank Group, and the parent company that has the greatest influence on the Company is SoftBank Group, so they do not fall under the category of unlisted parent companies, etc. that are subject to disclosure.
■The PDF of this release can be downloaded from the link below.
Click here for the PDF (Japanese Only)
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