Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. SoftBank Corp.
  6. News
  7. Summary
    9434   JP3732000009


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

SoftBank Corp -Notice of Change in Subsidiaries (Sub-Subsidiaries)

05/12/2021 | 05:37am EDT

SoftBank Corp. (hereinafter, 'SoftBank') announces the following change in specified subsidiaries of SoftBank.

1.	Reason for the change

As announced by SoftBank and NAVER Corporation (hereinafter, 'NAVER') in the 'Notice Concerning Entry into a Definitive Agreement Relating to the Business Integration of Z Holdings Corporation (Securities Code: 4689) and LINE Corporation (Securities Code: 3938)' dated December 23, 2019, we implemented an absorption-type merger (hereinafter, the 'Absorption-type Merger') with LINE Corporation as the surviving corporation and Shiodome Z Holdings GK, a wholly owned subsidiary of SoftBank, as the absorbed corporation as of February 26, 2021, as part of the business integration between Z Holdings Corporation, a subsidiary of SoftBank (hereinafter, 'ZHD') and LINE (hereinafter, the 'Business Integration'). Through a series of transactions including the Absorption-type Merger, LINE Demerger Preparatory Company, a subsidiary of LINE, has become a subsidiary (sub-subsidiary) of SoftBank as of February 26, 2021*1.

LINE has transferred its entire business to LINE Demerger Preparatory Company as of February 28, 2021 and changed its trade name to A Holdings Corporation (hereinafter, 'AHD'). As of the same date, LINE Demerger Preparatory Company changed its trade name to LINE Corporation.


*1LINE transferred its entire business (excluding the ZHD shares, the contractual status pursuant to the agreements executed by LINE in relation to the Business Integration, and the rights and obligations set out in the absorption-type demerger agreement) to its wholly owned subsidiary, LINE Demerger Preparatory Company, in an absorption-type demerger (hereinafter, the 'Corporate Demerger') as of February 28, 2021. For accounting purposes, the acquisition date is February 28, 2021, the date when the Corporate Demerger became effective, as the Absorption-type Merger and the Corporate Demerger are deemed to be a series of transactions regarding the Business Integration.

2.	Outline of the subsidiary (sub-subsidiary)
(1) 	NameLINE Corporation
(2) 	Address 	1-6-1 Yotsuya Shinjuku-ku, Tokyo
(3)	Name and title of representative 	Takeshi Idezawa, Representative Director and President
(4)	Nature of business 	Advertising service based on the mobile messenger application 'LINE', core businesses including the sales of stickers and game services, and strategic businesses including Fintech, AI, and commerce services
(5) 	Share Capital 	JPY 34,201 million (as of March 31, 2021)
(6) 	Founded 	December 13, 2019
(7)	Major shareholders and shareholding ratios 	Z Holdings Corporation 	100.00%
(8)	Relationships with SoftBank 	Capital relationship 	SoftBank owns 50.00% of the shares in AHD, the parent company of LINE and ZHD
Personnel relationship 	Not applicable
Business relationship 	There are business relationships with respect to advertising services, etc.
(9)	Results of operation and financial position over the past 3 years (Consolidated, IFRS)*2
Fiscal year 	Fiscal year ended December 31, 2017 	Fiscal year ended December 31, 2018 	Fiscal year ended December 31, 2019
Total capital 	JPY 189,977
million 	JPY 208,514
million 	JPY 174,663


Total assets 	JPY 303,439
million 	JPY 486,587
million 	JPY 541,352


Equity attributable to owners of parent per share 	JPY 779.30 	JPY833.87 	JPY 659.96
Revenues 	JPY 167,147
million 	JPY 207,182
million 	JPY 227,485


Operating income or loss 	JPY 25,078
million 	JPY 16,110
million 	JPY -38,997


Income or loss attributable to owners of the parent company 	JPY 8,078
million 	JPY -3,718
million 	JPY -46,888


Earnings per share: basic profit or loss for the period 	JPY 36.56 	JPY-15.62 	JPY -196.07
Dividends per share 	- 	- 	-


*2Results of operation and financial position for AHD (former LINE) are shown.

3.	Date of change

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
NAVER CORPORATION 0.00% 452000 End-of-day quote.54.53%
SOFTBANK CORP. 0.14% 1469.5 End-of-day quote.13.65%
SOFTBANK GROUP CORP. -0.25% 7088 End-of-day quote.-12.04%
Z HOLDINGS CORPORATION 1.98% 592.6 End-of-day quote.-5.09%
All news about SOFTBANK CORP.
07/23SOFTBANK : Getaround car sharing company settles with Washington, D.C. for $950,..
07/15Revolut Valued at $33 Billion After SoftBank Injection as UK's Most Valuable ..
07/14TOYOTA MOTOR : buys U.S. mapping, road data firm to bulk up driverless tech
07/09Softbank Reportedly in Early Talks to Invest in PharmEasy
07/07SOFTBANK : Japan's SoftBank hires NBCUniversal exec as global communications hea..
06/30SOFTBANK CORP. : and Smart Africa Secretariat Agree to Collaborate on Providing ..
06/25Third of SoftBank shareholders oppose lawyer's appointment to board
06/23Ericsson sets up Japan's first multi-operator RAN with KDDI and SoftBank
06/23MASAYOSHI SON : SoftBank CEO Son says share buybacks remain an option for firm
06/23SOFTBANK : CEO Son says share buybacks remain an option for firm
More news
Sales 2022 5 544 B 50 456 M 50 456 M
Net income 2022 516 B 4 695 M 4 695 M
Net Debt 2022 4 154 B 37 801 M 37 801 M
P/E ratio 2022 13,5x
Yield 2022 5,87%
Capitalization 6 887 B 62 804 M 62 677 M
EV / Sales 2022 1,99x
EV / Sales 2023 1,89x
Nbr of Employees 37 821
Free-Float 57,9%
Duration : Period :
SoftBank Corp. Technical Analysis Chart | 9434 | JP3732000009 | MarketScreener
Technical analysis trends SOFTBANK CORP.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 1 469,50 JPY
Average target price 1 648,89 JPY
Spread / Average Target 12,2%
EPS Revisions
Managers and Directors
Junichi Miyakawa President, CEO & Representative Director
Kazuhiko Fujihara Chief Financial Officer & Director
Ken Miyauchi Chairman
Takashi Tsutsui Chief Scientist & Managing Executive Officer
Keiichi Makizono Chief Information Officer
Sector and Competitors
1st jan.Capi. (M$)
SOFTBANK CORP.13.65%62 350
CELLNEX TELECOM, S.A.27.54%43 714
SAFARICOM PLC22.04%15 797
TELE2 AB16.90%10 135