SB 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, 2020)
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 | - | 53.3% (Indirect holding) |
53.3% | Tokyo Securities Co., Ltd. First section of the exchange market |
SoftBank Group Japan Corp. | Parent company | - | 53.3% (Indirect holding) |
53.3% | - |
SoftBank Corp. | Parent company | 53.3% | - | 53.3% | Tokyo Securities Co., Ltd. First section of the exchange market |
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 Corp. | This is because it is a core company in Japan within the corporate group centered on SoftBank Group, and a company that has a direct impact on the Company. |
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 "SoftBank Vision Fund and other SBIA (*) fund businesses," "SoftBank Business," "Arm Business," and "Brightstar Business," among which SoftBank operates the "SoftBank Business." , which operates a domestic communications business. Additionally, SBGJ is an intermediate holding company. As a core ICT service company for a corporate group centered on SoftBank, we use the cloud technology we have cultivated over the years to provide IT support (corporate IT) that allows companies to focus on their core business, as well as AI, IoT, and other services. We operate an ICT service business that enables us to co-create new globally applicable businesses while promoting the strengthening of corporate competitiveness (business IT) through cutting-edge technology and growing significantly together with our customers.
As mentioned above, SoftBank Group, SBGJ, and SoftBank are parent companies that own 53.3% 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, SoftBank 's group management policy values the independence of its subsidiaries, and aims to create synergies and continue to evolve and grow together while ensuring independence.As a result, the group's corporate value We aim to maximize the Under this policy, we assume management responsibility and manage our business based on our own decision-making, and we believe that a certain degree of independence and autonomy is ensured.
Furthermore, two SoftBank employees have been appointed as officers 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 |
---|---|---|---|
Member of the Board | Kimihiko Kaneko | General Manager of IT Strategy Headquarters, IT & Network Management, Technology Unit SoftBank Corp. | Our company requested his appointment in order to create mutual synergies with the parent company and strengthen IT collaboration. |
Audit & Supervisory Board Member | Takashi Naito | Executive Officer SoftBank Corp. Head of Finance, General Manager, Finance and Accounting Division Auditor of SB Players 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 SBGJ during the current consolidated fiscal year. The details and amount of the transaction with SoftBank are as follows.
Current consolidated fiscal year (from April 1, 2019 to March 31, 2020)
kinds | Company name or name |
location | capital or investment (One million yen) |
Business details or occupation |
voting rights, etc. Ownership ratio (%) |
---|---|---|---|---|---|
Parent company | SoftBank Corp. | Minato Ward, Tokyo | 204,309 | Provision of mobile communication services, sales of mobile devices, provision of fixed communication services, provision of Internet connection services | 53.3 |
Relationship with related parties | Transaction details | Transaction amount (One million yen) |
Subject | Ending balance (One million yen) |
---|---|---|---|---|
Sale of products, outsourcing, and purchase of communication services | Product sales, system development, technical support, etc. | 9,417 | accounts receivable | 3,830 |
Five. Status of implementation of measures to protect minority shareholders when conducting transactions with controlling shareholders, etc.
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
○ SB Technology Corp. Corporate Planning Division Corporate Planning Department
Email: sbt-ir@tech.softbank.co.jp