Press Releases 2020

Notice of Change in a Major Shareholder

February 19, 2020
SoftBank Corp.

As of February 19, 2020, there was a change in a major shareholder of SoftBank Corp. (the “Company”) as stated below.

1. Background of the change

We have been informed by SoftBank Group Corp. (hereinafter “SoftBank Group”), our parent company, that it has decided to enter into a margin loan financing (hereinafter, the “Margin Loan”). A portion of the Company's shares held through SoftBank Group Japan Corporation (“SBGJ”), a wholly owned subsidiary of SBG, will be pledged as collateral for the Margin Loan.
According to the Change Report pertaining to the Report of Possession of Large Volume submitted today by SBGJ, SBGJ has entered into a stock lending agreement on February 18, 2020, with a contractual term ending on February 24, 2023. The content of the stock lending agreement is to lend 953,000,000 shares (hereinafter, the “Lent Shares”) out of 3,182,919,470 shares of the Company held by SBGJ to Hinode 1 GK, a wholly owned subsidiary of SBGJ. The Lent Shares were lent to Hinode 1 GK today, and as a result, Hinode 1 GK has become a major shareholder of the Company.
As Hinode 1 GK has filed an application to treat SBGJ as a special shareholder, the share ownership and voting rights of the Lent Shares will, in essence, continue to belong to SBGJ. Therefore, Hinode 1 GK is not an other affiliated company of the Company.

2. Overview of major shareholder

1. Trade name Hinode 1 GK
2. Address 1-9-1 Higashi-Shimbashi, Minato-ku, Tokyo
3. Name and title of representative Norikazu Oba, Executive Officer
4. Nature of business Holdings company
5. Founded November 1, 2019

3. Number and share of voting rights (shares) held by the major shareholder before and after the change

Number of voting rights
(number of shares held)		 Ratio of voting
rights held*1,2		 Shareholder ranking
Before change
(as of February 18, 2020)		 -
(- shares)		 - %
(- %)		 -
After change
(as of February 19, 2020)		 9,530,000
(953,000,000 shares)		 20.10%
(19.91%)		 2
[Notes]
  1. *1
    Number of shares which do not have voting rights and
    have been subtracted from the total number of outstanding shares　46,000,000 shares
    Total number of outstanding shares as of February 19, 2020　4,787,145,170 shares
  2. *2
    Hinode 1 GK has reached an agreement with SBGJ to treat all of the rights granted to registered shareholders with respect to the Lent Shares as attributable to SBGJ, except for the goods and other items to be provided under shareholder benefits and voting rights. In accordance with Article 151, Paragraph 2, Item 1 of the Law Concerning Book-Entry Transfer of Corporate Bonds, Shares, etc., Hinode 1 GK has filed an application to treat SBGJ as a special shareholder as set forth in the same item, and to give the notice set forth in Paragraph 1 of the same article.

4. Future outlook

The above change will not affect consolidated financial results of the Company.

(Reference)

Number and share of voting rights (shares) held by SBGJ before and after the change

SoftBank Group Japan Corporation

Attributes Number of voting rights
(Ratio of voting rights held)		 Shareholder
ranking
Direct
ownership		 Indirect
ownership		 Total
Before
change		 Parent company and
largest and major
shareholder		 31,829,194
(67.13%)		 -
(- %)		 31,829,194
(67.13%)		 1
After
change		 Parent company and
largest and major
shareholder		 22,299,194
(47.03%)		 9,530,000
(20.10%)		 31,829,194
(67.13%)		 1
[Note]
  1. *
    Number of shares which do not have voting rights and
    have been subtracted from the total number of outstanding shares　46,000,000 shares
    Total number of outstanding shares as of February 19, 2020　4,787,145,170 shares