Press Releases 2013

Commencement of Tender Offer for Shares of
GungHo Online Entertainment, Inc.

March 25, 2013
SoftBank Mobile Corp.

SoftBank Mobile Corp. (the “Company” or the “Tender Offeror”) has resolved as set out below at its board of directors meeting on March 25, 2013, to acquire by tender offer (the “Tender Offer”) the ordinary shares of GungHo Online Entertainment, Inc. (code 3765, listed on the JASDAQ Standard; the “Target Company”).

Details of Tender Offer

1. Purpose, etc., of the Purchase, etc.

(1) Overview of the Tender Offer

The Company has resolved at its board of directors meeting on March 25, 2013, to undertake the Tender Offer with the aim of strengthening its relationship with the Target Company as a global content strategy by acquiring the ordinary shares of the Target Company (the “Target Company's Shares”), which is listed on the JASDAQ Standard market (the “JASDAQ Market”), a market established by the Osaka Securities Exchange Co., Ltd, as a part of the management strategy of SoftBank Corp. (“SoftBank”), which is the ultimate parent company of the Company, and its subsidiaries and affiliates (the “SoftBank Group”).

In addition, Masayoshi Son, chairman and CEO of SoftBank as well as chairman and CEO of the Company, has reportedly entered into a Memorandum of Understanding on Exercise of Voting Rights for Deferment of Execution of Pledges with respect to the Target Company's Shares on April 1, 2013, with Heartis Inc. (number of shares held (see Note 1 below): 213,080 shares; Holding Rate (see Note 2 below): 18.5%; “Heartis”) (the “MOU”), which is the Target Company's second largest shareholder and Taizo Son's asset management company and which has Taizo Son, chairman of the Target Company, as its representative director. Under the MOU, in order to have Son Holdings Inc.(“Son Holdings”), a director of which is Masayoshi Son and which is Masayoshi Son's asset management company, defer the execution of pledges over the Target Company's Shares held by Heartis, Heartis has reportedly agreed, effective as of April 1, 2013, to the effect that at the shareholders meeting of the Target Company Heartis will exercise the voting rights in all of the Target Company's Shares it holds in accordance with Masayoshi Son's instructions. Further, SoftBank has decided to apply the International Financial Reporting Standards (IFRS) from the first quarter of the fiscal year ending March 31, 2014, so when the MOU becomes effective, SoftBank BB Corp. (number of shares held: 387,440 shares; Holding Rate: 33.63%; “SoftBank BB”), all of the voting rights in which are owned by SoftBank, and Masayoshi Son, who has a close relationship with SoftBank, will together come to represent a majority of the voting rights in the Target Company's Shares (number of voting rights represented by the total of 600,520 shares held by SoftBank BB and Heartis: 600,520 rights; voting right Holding Rate (see Note 3 below): 52.13%), as a result of which the Target Company will become a consolidated subsidiary of SoftBank (see Note 4 below).

As part of undertaking the Tender Offer, the Company has entered into an Agreement to Tender Shares in Tender Offer (the “Share Tender Agreement”) on March 25, 2013, with ASIAN GROOVE GOUDOU GAISHA (“Asian Groove”; number of shares held: 166,710 shares; Holding Rate: 14.47%), which is the third largest shareholder of the Target Company and the CEO of which is Taizo Son, the Target Company's chairman, and under the Share Tender Agreement Asian Groove has agreed to tender in the Tender Offer 73,400 shares (Holding Rate: 6.37%) of the Target Company's Shares, which are a portion of the Target Company's Shares held by it (the “Target Company's Shares Held by Asian Groove”). Please refer to (i) Share Tender Agreements under (4) Important Agreements Relating to Tender Offer below for further details on the Share Tender Agreement. Further, although the Company currently does not hold any Target Company's Shares, because the Share Certificates, etc., Holding Rates (which has the meaning defined in Article 27-2, Paragraph 8, of the Financial Instruments and Exchange Act (Act No. 25 of 1948; as amended, the “Act”)) of the Company's special related parties already exceeds one third of Target Company's Shares, in accordance with Article 27-2, Paragraph 1, Item 1, of the Act, the Company will undertake the Tender Offer in accordance with the requirement to follow tender offer procedures to purchase the Target Company's Shares. The price of the purchase, etc., of the Target Company's Shares in the Tender Offer (the “Tender Offer Price”) has been determined after discussions and negotiations between Asian Groove, as a shareholder that has agreed to tender its Target Company's Shares, and the Company. The Tender Offer is to be undertaken on the premise that a portion of the Target Company's Shares Held by Asian Groove will be tendered, and because the Company's policy is to continue to keep the Target Company's Shares listed even after the Tender Offer, the Company has set the number of share certificates, etc., scheduled to be purchased at a maximum of 73,400 shares (Holding Rate: 6.37%), being the same number of the Target Company's Shares to be tendered as agreed between the Company and Asian Groove. As a result, if the total number of share certificates, etc., tendered exceeds the maximum number of share certificates, etc., scheduled to be purchased (73,400 shares), the Company will purchase, etc., only some, or will not purchase, etc., any, of the excess shares, and the Company will take delivery in relation to the purchase, etc., of the share certificates, etc., and make any other such settlement by the proportional distribution provided for in Article 27-13, Paragraph 5, of the Act and Article 32 of the Cabinet Office Ordinance Relating to Disclosure of Tender Offer for Share Certificates, etc., by a Person Other than the Issuer (Ministry of Finance Ordinance No. 38 of 1990; as amended, the “Ordinance”). On the other hand, because no minimum number of share certificates, etc., scheduled to be purchased has been set, if the total number of share certificates, etc., tendered does not exceed the maximum number of share certificates, etc., scheduled to be purchased (73,400 shares), the Company will purchase, etc., all of the tendered share certificates, etc.

Furthermore, according to the Target Company's Notice of Statement of Opinion on Tender Offer for Company Shares by SoftBank Mobile Corp. released on March 25, 2013 (the “Target Company's Press Release”), the Target Company has reportedly resolved at its board of directors meeting on the same day, by unanimous vote of all directors who attended the resolution, to approve the Tender Offer without any objection to the Company's building a direct capital relationship with the Target Company by newly possessing a portion of the Target Company's Shares, because (1) the Company thinks very highly of the Target Company's ability to plan and develop game content and, through a respect for a highly independent and free and broad-minded corporate culture, and expects the Target Company to develop high quality game content in the future as well, (2) the Target Company can expect to be able to achieve further growth in global markets through utilizing the SoftBank Group's global management resources, and (3) the Target Company's independence as a games developer is respected and its current management system (the composition of its officers) can be expected to remain the same.

On the other hand, because the Tender Offer Price has been decided based on the results of discussions and negotiations between the Company and Asian Groove, as a shareholder that has agreed to tender its Target Company's Shares, and because a maximum number of share certificates, etc., scheduled to be purchased has been set in the Tender Offer and the plan is to continue to keep the Target Company's Shares listed even after the Tender Offer, in light of the fact that it is sufficiently reasonable for shareholders of the Target Company to hold the Target Company's Shares even after the Tender Offer, the Company has reportedly resolved to reserve its opinion on the appropriateness of the Tender Offer Price and to leave the decision of whether or not the Target Company's shareholders should tender their Target Company's Shares in the Tender Offer up to each shareholder's discretion.

Of the Target Company's directors at the above board of directors meeting, (i) Taizo Son, chairman of the Target Company, also serves as a representative director of Heartis, which has agreed in the MOU to the effect that it will exercise its voting rights in the Target Company's Shares in accordance with the instructions of Masayoshi Son, SoftBank's chairman and CEO and the Company's chairman and CEO, and (ii) Norikazu Oba is concurrently serving as assistant to the Manager of the Finance Department as well as head of the Finance Management Group of SoftBank, the Company's ultimate parent company, so to avoid any suspicion of a conflict of interest, it is reported that neither of them participated in any deliberations or resolutions whatsoever relating to the Tender Offer at the Target Company's board of directors meeting. All 5 of the 7 Target Company directors other than the above 2 directors reportedly attended that board of directors meeting and resolved, with the unanimous approval of all directors present, to approve the Tender Offer. All 3 of the Target Company's corporate auditors (3 of whom are external corporate auditors) reportedly attended that board of directors meeting and stated their opinion to the effect that they did not object to the matters for resolution at the Target Company's board of directors meeting referred to above.

[Notes]
  • *1According to the Target Company's Notice of Share Split and Amendments to Articles of Incorporation released February 14, 2013 (the “Target Company's Share Split Press Release”), the Target Company has reportedly resolved to carry out a share split, effective April 1, 2013, at a ratio of 10 shares for every 1 share (the “Target Company's Share Split”). As a result, the number of the Target Company's Shares set out in this disclosure materials is in principle set out using the figure calculated by multiplying the number of shares before the Target Company's Share Split by 10 and converting that quotient to the number of shares after the Target Company's Share Split (the “Number of Shares After the Target Company's Share Split”), and if the number of shares before the Target Company's Share Split and the Number of Shares After the Target Company's Share Split are to be set out together, it will be clearly set out to that effect with respect to the Number of Shares After the Target Company's Share Split.
  • *2“Holding Rate” means the percentage (rounded off to the second decimal place; the same applies to all calculations below) of the number of shares held accounted for by the number of shares (1,152,010 shares) calculated by adding (i) the number of shares (1,149,810 shares) calculated by multiplying by 10 the total number of the Target Company's outstanding shares as at December 31, 2012 (114,981 shares) set out in the 16th Securities Report filed by the Target Company on March 22, 2013, to (ii) the number of shares (2,200 shares) calculated by multiplying by 10 the number of the Target Company's Shares (220 shares) that are subject to the number of options as at December 31, 2012 (44 options) that are series 1 options that were issued on July 30, 2004 (the “Series 1 Options”) pursuant to the Target Company's extraordinary shareholder meeting resolution adopted on May 17, 2004, and extraordinary board of directors resolution adopted on June 21, 2004, that are set out in that Securities Report.
  • *3The voting right Holding Rate is calculated using the number of voting rights (1,152,010 rights) relating to the Number of Shares After the Target Company's Share Split (1,152,010 shares) as the denominator, which is based on the number of shares (115,201 shares; the Number of Shares After the Target Company's Share Split: 1,152,010 shares) calculated by adding (i) the total number of the Target Company's outstanding shares as at December 31, 2012 (114,981 shares; the Number of Shares After the Target Company's Share Split: 1,149,810 shares) set out in the 16th Securities Report filed by the Target Company on March 22, 2013, to (ii) the number of the Target Company's Shares (220 shares; the Number of Shares After the Target Company's Share Split: 2,200 shares) that are subject to the number of the Series 1 Options as at December 31, 2012 (44 options) that are set out in that Securities Report.
  • *4If the Tender Offer is successful, the Company and SoftBank BB (number of shares held: 387,440 shares; Holding Rate: 33.63%), all of each voting rights of which are owned by SoftBank, will together own a total of 460,840 Target Company's Shares (Holding Rate: 40.00%), and when the MOU takes effect, SoftBank will, together with Masayoshi Son, who has a close relationship with SoftBank, come to represent a majority of the voting rights in the Target Company's Shares (the total number of voting rights represented by the total of 673,920 shares held by the Company, SoftBank BB, and Heartis: 673,920 rights; the voting right Holding Rate: 58.50%), so even if Japanese generally accepted accounting practices were applied, the Target Company would come to correspond to a consolidated entity of SoftBank pursuant to effective control criteria.

(2) Purpose of and Background to the Tender Offer; Management Policies After the Tender Offer

The Company operates the mobile communications business which provides mobile phone services and sales of mobile devices and others associated with such services with the corporate philosophy of ”Information Revolution – Happiness for everyone”. The Company, and its subsidiaries and affiliates (the “SoftBank Mobile Group”), play very important roles to achieve the SoftBank Group's objective of generating JPY 1 trillion of the consolidated operating income through the domestic business in the fiscal year ending March, 31, 2017. With the strategy of aiming to become No.1 in mobile Internet, the Company keeps striving to provide comfortable and joyful mobile Internet service to customers by improving voice communication quality as well as enhancing the mobile phone network, mobile device lineup, mobile content, and sales and marketing. In 2012, various types of initiatives were implemented such as the business alliance between the Company and eAccess Ltd., and decision-making on the strategic acquisition of Sprint Nextel Corporation by SoftBank Corp. to ensure the business base as the world largest mobile Internet company.

The Target Company was originally started as ONSALE JAPAN K.K., a joint venture between SoftBank Corp. and ONSALE, Inc. in 1998 with SoftBank BB Corp. as a major shareholder (number of shares held: 387,440 shares, Holding Rate: 33.63%). It is an equity method affiliate of SoftBank Corp., the ultimate parent company. Currently the Target Company operates PC online business which provides delivery and operation of online games planned and developed in-house as well as licensed game content of competitors', and mobile consumer business which provides planning, development, distribution, and sales of game software and game content for home-use game consoles, portable game consoles and smartphones (high-functional mobile devices). Along with the world-wide penetration and expansion of smartphones and connection of various devices to the Internet, a flexible approach was required to address the market change. Under such circumstances, the Target Company and its subsidiaries and affiliates (the “Target Company Group”) has reportedly expanded its business to become the world No.1 entertainment company by creating new value and maximizing existing value. While the game population is expected to further expand due to the explosive increase in online devices in our daily life which is attracting more people to enjoy games, the Target Company Group has reportedly been focusing on planning, development and distribution of smartphone games by foreseeing the global penetration and market expansion of smartphones in recent years.

It is expected that the number of smartphone users will be three-fold and the number of tablets sold will be six-fold in 5 years in Japan (see Note 1 below), and the way to access the Internet is shifting from PC to mobile device globally. At the same time, further fierce competition in the mobile communications business is expected due to the diversification of smartphones and growing price and service competition. Against this background, enhancement of mobile content such as video, electronic books, and games is becoming even more important in the mobile communications business in addition to the further expansion of network, a wide variety of smartphones and tablets, the expansion of cloud services, and optimization of various services including eCommerce to mobile devices. The Company believes that attractive service and content itself can contribute to our revenue and also be a great differentiator in the mobile communications service, which will ultimately lead to a further increase in data communication revenue.

With this understanding, the Company recognized the importance of enhancing mobile content by combining smartphone-focused development capability and infrastructure held by the SoftBank Mobile Group and planning and creating capability in the smartphone game industry held by the Target Company Group to further improve the efficiency in operation of the mobile communications business, profitability and competitiveness. As a result, the Company came to the conclusion that it is necessary to establish a direct capital relationship with the Target Company. In addition, it is not only important for the Company but also for the SoftBank Group, which has based its business growth on the Internet, to address the environmental change caused by online devices, enhance content lineup catering to the market's various needs, and strengthen the content distribution capability of the SoftBank Group. This also led to the conclusion to enhance the capital relationship with the Target Company.

It is also expected that enhancing the capital relationship with the Target Company and utilizing the global management resources held by the SoftBank Group will contribute to the revenue and the expansion of distribution channels of online and smartphone games, and allow the Target Company, the Company and the SoftBank Group to enhance their revenue base and enterprise value.

Under these circumstances, the Company initiated discussion on the Transaction with the Target Company in the latter half of February, 2013, and had several meetings on this matter thereafter. As a result, the Company came to the conclusion that further growth in the global market can be expected by establishing the direct capital relationship through additional investment in the Target Company by the Company, which would allow the Target Company to utilize the global management resources held by the SoftBank Group and, therefore, further enhancement of the revenue base and the enterprise value of the Target Company, the Company and the SoftBank Group will be enabled, so the Company resolved to undertake this transaction at its board of directors meeting on March 25, 2013.

In determining the Tender Offer Price, the Company adopted a policy of determining a price agreeable to both the Company and Asian Groove, a shareholder that has agreed to tender its shares, with reference to the average closing price of the Target Company's Shares. The Company took account of the fact that the Target Company is listed on the JASDAQ market, held discussions and negotiations with Asian Groove while referring to the simple average closing price of the Target Company's Shares (JPY 3,402,760 (rounded down to the closest whole number; the same applies to all calculations of the average closing price below); the Target Company's Share Price after Dilution by Share Split (see Note 2 below), JPY 340,276 (rounded off to the closest whole number; the same applies to all calculations of the Target Company's Share Price after Dilution by Share Split below)) over the period from February 15, 2013, being the day after the Target Company announced its financial statements for the fiscal year ended December 2012, to March 22, 2013, and ultimately on March 25, 2013, determined the Tender Offer Price to be JPY 340,276 (see Note 3 below).

The Tender Offer Price of JPY 340,276 represents

  • a price discounted by 26.35% (rounded off to the nearest second decimal place; the same applies to other calculations of discounts or premiums) against the Target Company's Share Price after Dilution by Share Split (JPY 462,000) according to the closing price (JPY 4,620,000) of the Target Company's Shares on the JASDAQ market on March 22, 2013, being the business day before the announcement date of the Tender Offer,
  • a price discounted by 7.45% against the Target Company's Share Price after Dilution by Share Split (JPY 367,679) according to the simple average closing price (JPY 3,676,789) for the 1-month period before that date (from February 25, 2013, to March 22, 2013),
  • a price containing a premium of 54.22% against the Target Company's Share Price after Dilution by Share Split (JPY 220,644) according to the simple average closing price (JPY 2,206,438) for the 3-month period before that date (from December 25, 2012, to March 22, 2013), and
  • a price containing a premium of 159.30% against the Target Company's Share Price after Dilution by Share Split (JPY 131,228) according to the simple average closing price (JPY 1,312,277) for the 6-month period before that date (from September 24, 2012, to March 22, 2013).

In the Company's judgment, which is based on information relating to the business of the Target Company that the Company has a reasonable grasp of as a SoftBank affiliate accounted for under the equity method because SoftBank BB, all of the voting rights of which are owned by SoftBank, the Company's ultimate parent company, holds 387,440 shares of the Target Company's Shares (Holding Rate: 33.63%), a price for the Target Company's Shares that the Company could suppose would be a price equal to or greater than the Tender Offer Price, so in determining the Tender Offer Price, the Company has not obtained a calculation report from a third-party calculation institution.

With respect to its management policy after the Tender Offer, as the Company thinks very highly of the Target Company's ability to plan and develop game content and, through a respect for a highly independent and free and broad-minded corporate culture, expects to be able to develop high quality game content in the future as well, it will respect the autonomy and independence of management as much as possible and strive to utilize the Target Company's superior creativity and development ability, so it will maintain the current composition of the Target Company's management. The Company plans to discuss and examine with the Target Company in future specific ways to collaborate so as to fully realize the synergies between them.

[Notes]
  • *1Mobile Computing Promotion Consortium forecast (November 25, 2011).(Refer to Interim Forecasts for Smartphone/Tablet Markets dated November 25, 2011.) (Japanese only) Comparison of the forecast for one year from April 2011 to March 2012 and from April 2016 to March 2017.
  • *2The “Target Company's Share Price after Dilution by Share Split” is equal to the value calculated by dividing by 10 the market share price for the Target Company's Shares before the Target Company's Share Split, as the Target Company's Share Split will be carried out on the Target Company's Shares at a ratio of 10 new shares for every 1 current share, effective April 1, 2013.
  • *3The Tender Offer Price is an amount that takes into account the effect of the dilution caused by the Target Company's Share Split, as the Target Company's Share Split will be carried out on the Target Company's Shares at a ratio of 10 new shares for every 1 current share, effective April 1, 2013.

(3) Measures to Ensure Fairness in the Tender Offer and Measures to Avoid Conflicts of Interest

(i) Advice from law firm independent from the Target Company

According to the Target Company's Press Release, in order to proceed carefully with deliberations relating to the Tender Offer and to ensure fairness and appropriateness in the decision making process of the Target Company's board of directors, the Target Company retained Anderson Mōri & Tomotsune, a law firm that is independent of the Target Company, as its legal adviser and received legal advice from the firm on the method and process, etc., by which the Target Company's board of directors made its decisions on the Tender Offer. It has been reported that the Target Company has retained Anderson Mōri & Tomotsune as its legal adviser from before the examination of the Tender Offer, and that there is no fact showing that the Target Company has changed its legal adviser for the Tender Offer.

(ii) Approval of all Target Company directors and corporate auditors with no conflict of interest

According to the Target Company's Press Release, as a result of careful discussions on and examinations of the various terms and conditions relating to the Tender Offer while receiving legal advice from Anderson Mōri & Tomotsune, the Target Company has reportedly resolved at its board of directors meeting on March 25, 2013, by unanimous vote of all directors who attended the resolution, to approve the Tender Offer without any objection to the Company's building a direct capital relationship with the Target Company by newly possessing a portion of the Target Company's Shares, because (a) the Company thinks very highly of the Target Company's ability to plan and develop game content and, through a respect for a highly independent and free and broad-minded corporate culture, expects to be able to develop high quality game content in the future as well, (b) the Target Company can expect to be able to achieve further growth in global markets through utilizing the SoftBank Group's global management resources, and (c) the Target Company's independence as a games developer is respected and its current management system (the composition of its officers) can be expected to remain the same. On the other hand, because the Tender Offer Price has been decided based on the results of discussions and negotiations between the Company and Asian Groove, as a shareholder that has agreed to tender its shares, and because a maximum number of share certificates, etc., scheduled to be purchased has been set in the Tender Offer and the plan is to continue to keep the Target Company's Shares listed even after the Tender Offer, in light of the fact that it is sufficiently reasonable for shareholders of the Target Company to hold the Target Company's Shares even after the Tender Offer, the Company has reportedly resolved to reserve its opinion on the appropriateness of the Tender Offer Price and to leave the decision of whether or not the Target Company's shareholders should tender their shares in the Tender Offer up to each shareholder's discretion.

Of the Target Company's directors at the above board of directors meeting, (i) Taizo Son, chairman of the Target Company, also serves as a representative director of Heartis, which has agreed in the MOU to the effect that it will exercise its voting rights in the Target Company's Shares in accordance with the instructions of Masayoshi Son, SoftBank's chairman and CEO and the Company's chairman and CEO, and (ii) Norikazu Oba is concurrently serving as assistant to the Manager of the Finance Department as well as group manager of Finance Management of SoftBank, the Company's ultimate parent company, so it is reported that to avoid any suspicion of a conflict of interest, it is reported that neither of them participated in any whatsoever in the deliberations or resolutions relating to the Tender Offer at the Target Company's board of directors meeting. All 5 of the 7 Target Company directors other than the above 2 directors reportedly attended that board of directors meeting and resolved, with the unanimous approval of all directors present, to approve the Tender Offer. Further, all 3 of the Target Company's corporate auditors (3 of whom are external corporate auditors) reportedly attended that board of directors meeting and stated their opinion to the effect that they did not object to the matters for resolution at the Target Company's board of directors meeting referred to above.

(4) Important Agreements Relating to Tender Offer

(i) The Share Tender Agreement

As part of undertaking the Tender Offer, the Company has entered into the Share Tender Agreement on March 25, 2013, with Asian Groove, which is the third largest shareholder of the Target Company, and under the Share Tender Agreement Asian Groove has agreed to tender in the Tender Offer a portion (73,400 shares; Holding Rate: 6.37%) of the Target Company's Shares Held by Asian Groove. That portion (73,400 shares) of the Target Company's Shares Held by Asian Groove is the same number of shares as the maximum number of share certificates, etc., scheduled to be purchased in the Tender Offer (73,400 shares). If a shareholder of the Target Company other than Asian Groove tenders its shares in the Tender Offer, it will not be possible for Asian Groove to sell all of the portion (73,400 shares) of the Target Company's Shares Held by Asian Groove that it is planning to tender under the Share Tender Agreement, but if that happens, Asian Groove reportedly intends to continue to hold the Target Company's Shares that will be returned to it on a pro rata basis even after the conclusion of the Tender Offer. Furthermore, Asian Groove reportedly intends to continue to hold the Target Company's Shares Held by Asian Groove that it will not tender in the Tender Offer (93,310 shares; Holding Rate: 8.10%) even after the conclusion of the Tender Offer. Lastly, there are no preconditions to that tender of shares.

(ii) The MOU

Masayoshi Son, chairman and CEO of SoftBank, the Company's ultimate parent company, as well as chairman and CEO of the Company, has reportedly entered into the MOU on April 1, 2013, with Heartis, which is the Target Company's second largest shareholder and Taizo Son's asset management company and which has Taizo Son, chairman of the Target Company, as its representative director, and under the MOU, in order to have Son Holdings defer the execution of pledges over the Target Company's Shares held by Heartis, Heartis has reportedly agreed, effective April 1, 2013, to the effect that at the shareholders meeting of the Target Company Heartis will exercise the voting rights in all of the Target Company's Shares it holds in accordance with Masayoshi Son's instructions.

(5) Plan to Acquire Additional Share Certificates, etc., after the Tender Offer

The Company does not at this stage plan to make an additional acquisition of the Target Company's Shares after the conclusion of the Tender Offer.

(6) Prospects for Delisting and Reasons therefor

The Target Company is currently, as at the disclosure materials public announcement date, listed on the JASDAQ market, but there is no plan in the Tender Offer to delist the Target Company, and the Company will undertake the Tender Offer up to a maximum of 73,400 shares (Holding Rate: 6.37%), so the Target Company's Shares are planned to continue to be listed on the JASDAQ market even after the conclusion of the Tender Offer.

  • The information is true and accurate at the time of publication.
    Price, specification, contact and other information of products and service may be subjected to change. The information contains certain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements.
  • SoftBank BB Corp., SoftBank Telecom Corp. and Ymobile Corporation merged into SoftBank Mobile Corp. on April 1, 2015. Please see below for pre-merger press releases from SoftBank BB Corp., SoftBank Telecom Corp., and Ymobile Corporation. SoftBank Mobile Corp. changed its company name to SoftBank Corp. on July 1, 2015.