Press Releases 2024

Notice Concerning Commencement of Tender Offer
by a Subsidiary (ValueCommerce Co., Ltd.)
to Repurchase Its Own Shares

March 11, 2024
SoftBank Corp.

At its Board of Directors meeting held today, ValueCommerce Co., Ltd. (Securities code: 2491, hereinafter “ValueCommerce”), a consolidated subsidiary of SoftBank Corp. (hereinafter the “Company”), passed a resolution to repurchase its own shares and implement a tender offer (hereinafter the “Tender Offer”) as the specific method for this repurchase. Details are provided in the attached document.

In addition, Z Intermediate Holdings Corporation (hereinafter “ZHD Intermediate”), a subsidiary of the Company and owner of 51.92%* of ValueCommerce's shares, concluded a tender offer agreement today with ValueCommerce to tender a partial number of its ValueCommerce common shares in the Tender Offer. After the conclusion of the Tender Offer, it is expected that ValueCommerce will cease to be a subsidiary of the Company and newly become an equity method affiliate.
The effect of this matter on the Company's consolidated financial statements is immaterial.

  1. *
    As of December 31, 2023. Excludes treasury shares owned by ValueCommerce.

Overview of ValueCommerce

Location 1-3 Kioicho, Chiyoda-ku, Tokyo
Name and title of representative Jin Kagawa
Representative Director
President and CEO
Main Business Marketing Solutions Business (Affiliate marketing)
EC Solutions Business (StoreMatch, STORE's R∞, B-Space)
Travel Tech Business
Share capital JPY 1,728 million (as of December 31, 2023)
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