SoftBank Corp. will today announce that it will make Yahoo Japan Corporation a consolidated subsidiary.
Yahoo Japan Corporation is Japan's No.1 big data company, offering more than 100 services and boasting more than 90 million users. In June 2019, SoftBank Corp. will purchase additional shares of Yahoo Japan Corporation for 456.5 billion yen, in order to reinforce new business (non-telecommunications); integrate strategies, services and resources; and accelerate Yahoo Japan growth and maximize synergy. Technology is evolving on a daily basis. The key technologies in the upcoming era will be 5G, big data and AI. We seek to redefine various industries by harnessing (1) the cutting-edge business models of the AI companies that the SoftBank Group has invested in; (2) the 5G and smartphone technologies held by SoftBank Corp.; and (3) the big data held by Yahoo Japan Corporation, which has been made a consolidated subsidiary. Moreover, we will enable users to navigate seamlessly through daily life with smartphones centered on payment platforms such as PayPay. We intend to use smartphones to redefine various scenes of daily life.