Press Releases 2019
Notice of Changes in Specified Subsidiaries
November 13, 2019
SoftBank Corp.
SoftBank Corp. (“The Company”) announces the following changes in specified subsidiaries of the Company.
1. Reason for the Change
As stated in the “Notice Concerning the Additional Acquisition of Shares Intended to Make Yahoo Japan Corporation a Consolidated Subsidiary” dated May 8, 2019, the Company made Z Holdings Co., Ltd. (formerly Yahoo Japan Corporation, hereinafter “ZHD”) a subsidiary on June 27, 2019. As a result, the following two subsidiaries of ZHD became specified subsidiaries of the Company as of the same date.
2. Overview of specified subsidiaries
ASKUL Corporation
| 1. | Trade name | ASKUL Corporation | |||
|---|---|---|---|---|---|
| 2. | Address | Toyosu Cubic Garden, 3-2-3 Toyosu, Koto-ku, Tokyo | |||
| 3. | Name and title of representative | Akira Yoshioka, President & CEO | |||
| 4. | Nature of business | Mail-order service of office-related products and other delivery services | |||
| 5. | Share capital | 21,189 million yen | |||
| 6. | Founded | November 1963 | |||
| 7. | Major shareholders and shareholding ratios (As of May 20, 2019) |
Yahoo Japan Corporation | 45.13% | ||
| PLUS Corporation | 11.63% | ||||
| MSIP CLIENT SECURITIES | 5.37% | ||||
| JPMC OPPENHEIMER JASDEC LENDING ACCOUNT | 4.81% | ||||
| Morgan Stanley MUFG Securities, Co., Ltd. | 3.00% | ||||
| SSBTC CLIENT OMNIBUS ACCOUNT | 2.30% | ||||
| Shoichiro Iwata | 1.78% | ||||
| Hidehisa Imaizumi | 1.56% | ||||
| The Master Trust Bank of Japan, Ltd. (Trust Account) | 1.55% | ||||
| Tadahisa Imaizumi | 1.55% | ||||
| 8. | Relationship between the Company and ASKUL Corporation | ||||
| Capital relationship | The Company owns 44.63% of ZHD, the parent company of ASKUL Corporation. | ||||
| Personnel relationship | Not applicable. | ||||
| Business relationship | The Company and ASKUL Corporation have business transactions related to office-related products and telecommunications services. | ||||
| 9. | Results of operations and financial position of ASKUL Corporation for the most recent three-year period | ||||
| Fiscal year end | Fiscal Year Ended May 2017 |
Fiscal Year Ended May 2018 |
Fiscal Year Ended May 2019 |
||
| Revenue | 335,914 million yen | 360,445 million yen | 387,470 million yen | ||
| Ordinary income | 8,866 million yen | 3,940 million yen | 4,418 million yen | ||
| Net income attributable to owners of parent | 1,014 million yen | 4,693 million yen | 434 million yen | ||
| Total assets | 155,678 million yen | 173,713 million yen | 169,112 million yen | ||
| Net assets | 46,231 million yen | 49,344 million yen | 48,631 million yen | ||
| Net income per share | 19.75 yen | 92.15 yen | 8.52 yen | ||
| Net assets per share | 905.01 yen | 964.46 yen | 948.44 yen | ||
The Japan Net Bank, Limited
| 1. | Trade name | The Japan Net Bank, Limited | |||
|---|---|---|---|---|---|
| 2. | Address | 2-1-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo | |||
| 3. | Name and title of representative | Tomohito Takusari, President | |||
| 4. | Nature of business | Banking business | |||
| 5. | Share capital | 37,250 million yen | |||
| 6. | Founded | September 2000 | |||
| 7. | Major shareholders and shareholding ratios (As of October 1, 2019) |
Z Financial Corporation. | 46.57% | ||
| Sumitomo Mitsui Banking Corporation | 46.57% | ||||
| FUJITSU LIMITED | 5.26% | ||||
| Mitsui Sumitomo Insurance Company, Limited | 0.52% | ||||
| TAIJU LIFE INSURANCE COMPANY LIMITED | 0.52% | ||||
| SUMITOMO LIFE INSURANCE COMPANY | 0.52% | ||||
| 8. | Relationship between the Company and The Japan Net Bank, Limited | ||||
| Capital relationship | The Company owns 44.63% of ZHD, the parent company of The Japan Net Bank, Limited. | ||||
| Personnel relationship | Not applicable. | ||||
| Business relationship | The Company and The Japan Net Bank, Limited have business transactions related to telecommunications services. | ||||
| 9. | Results of operations and financial position of The Japan Net Bank, Limited in the most recent three-year period | ||||
| Fiscal year end | Fiscal Year Ended March 2017 |
Fiscal Year Ended March 2018 |
Fiscal Year Ended March 2019 |
||
| Ordinary income | 26,359 million yen | 28,407 million yen | 29,001 million yen | ||
| Net operating profits | 3,020 million yen | 1,944 million yen | 1,824 million yen | ||
| Ordinary profits | 2,934 million yen | 2,950 million yen | 1,629 million yen | ||
| Net income | 2,069 million yen | 2,091 million yen | 1,124 million yen | ||
| Total assets | 761,886 million yen | 830,186 million yen | 880,428 million yen | ||
| Net assets | 59,600 million yen | 60,768 million yen | 55,294 million yen | ||
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