Press Releases 2025

Notice Concerning Change of Largest Major Shareholder

February 14, 2025
SoftBank Corp.

As of February 14, 2025, there was a change in the largest shareholder, who is also a major shareholder, of SoftBank Corp. (hereinafter the “Company”) as stated below.

1. Background of the change

The Company has 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 (hereinafter “SBGJ”), a wholly owned subsidiary of SoftBank Group, 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, with a contractual term ending on February 26, 2028. The content of the stock lending agreement is to lend 529,429,690 shares (hereinafter the “Lent Shares”) out of 10,085,684,370 shares of the Company held by SBGJ to Moonlight Finance GK, a wholly owned subsidiary of SBGJ. The Lent Shares were lent to Moonlight Finance GK today, and as a result, Moonlight Finance GK has become the largest major shareholder of the Company.
As Moonlight Finance 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, Moonlight Finance GK is not an other affiliated company of the Company. Also, the Company recently confirmed with SoftBank Group that currently SoftBank Group has no plans to sell the Lent Shares and intends to hold the Lent Shares for the mid-to-long term.

2. Overview of major shareholders subject to the change

(1) Overview of the new largest major shareholder

(1) Company name Moonlight Finance GK
(2) Address 1-7-1 Kaigan, Minato-ku, Tokyo
(3) Name and title of representative Norikazu Oba, Executive Officer
(4) Description of business Holdings company
(5) Established November 1, 2019

(2) Overview of the shareholder who will no longer be the largest major shareholder

(1) Company name SoftBank Group Japan Corporation
(2) Address 1-7-1 Kaigan, Minato-ku, Tokyo
(3) Name and title of representative Masayoshi Son, Representative Director
(4) Description of business Holdings company
(5) Established January 26, 2001

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

(1) Moonlight Finance GK

Number of voting rights
(number of shares held)		 Ratio of voting
rights held*1,2
(ratio of shares held)		 Shareholder
ranking
Before change
(as of February 13, 2025)		 90,628,963
(9,062,896,330 shares)		 19.11%
(18.98%)		 2
After change
(as of February 14, 2025)		 95,923,260
(9,592,326,020 shares)		 20.23%
(20.09%)		 1
[Notes]
  1. *1
    Total number of outstanding shares as of December 31, 2024: 47,702,192,700 shares
    Number of shares which do not have voting rights and have been subtracted from the total number of outstanding shares: 279,869,350 shares
  2. *2
    Moonlight Finance 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., Moonlight Finance 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.

(2) SBGJ

Number of voting rights
(number of shares held)		 Ratio of voting
rights held*
(ratio of shares held)		 Shareholder
ranking
Before change
(as of February 13, 2025)		 100,856,843
(10,085,684,370 shares)		 21.27%
(21.13%)		 1
After change
(as of February 14, 2025)		 95,562,546
(9,556,254,680 shares)		 20.15%
(20.01%)		 2
[Note]
  1. *
    Total number of outstanding shares as of December 31, 2024: 47,702,192,700 shares
    Number of shares which do not have voting rights and have been subtracted from the total number of outstanding shares: 279,869,350 shares

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

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 100,856,843
(21.27%)		 90,628,963
(19.11%)		 191,485,807
(40.38%)		 1
After change Parent company and major shareholder 95,562,546
(20.15%)		 95,923,260
(20.23%)		 191,485,807
(40.38%)		 2
[Notes]
  1. *
    Total number of outstanding shares as of December 31, 2024: 47,702,192,700 shares
    Number of shares which do not have voting rights and have been subtracted from the total number of outstanding shares: 279,869,350 shares
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