SOFTBANK Decides Not to Offer Shares of Its Business Controlling CompanyJul. 31, 2000
SOFTBANK CORP. had been considering the public offering of shares in its business controlling company (a holding company with control over various business divisions). However, the board of directors decided today that, as a matter of policy, SOFTBANK CORP. will retain 100% ownership of its business controlling company.
We believe it is necessary to do this if we are to (i) equalize the profits of SOFTBANK CORP. as a holding company and the profits of the business controlling company, (ii) achieve the requisite flexibility for optimizing the allocation of the management resources of the entire group, and (iii) unify SOFTBANK CORP. and the business controlling company as part of the effort to raise the corporate value of the entire group.
Additionally, full ownership will keep open the possibility of using the system of consolidated tax payment.
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