Press Releases 2013

Commencement of Tender Offer
by a Consolidated Subsidiary (SoftBank Mobile Corp.)

March 25, 2013
SoftBank Corp.

SoftBank Mobile Corp. (“SoftBank Mobile”), a consolidated subsidiary of SoftBank Corp., has resolved at its board of directors meeting on March 25, 2013, to acquire by tender offer (the “Tender Offer”) the ordinary shares of GungHo Online Entertainment, Inc. (JASDAQ Standard, code 3765, “GungHo Online Entertainment”), which is an affiliate of SoftBank Corp. accounted for under the equity method. Please see the attached notice for further details.

1. Outline of SoftBank Mobile

(1) Address 1-9-1 Higashi-Shimbashi Minato-ku, Tokyo
(2) Name and title of the representative Masayoshi Son, chairman and CEO
(3) Business description Provision of mobile communication service
Business related to mobile communication service including sales of mobile devices
(4) Paid-in Capital JPY 177,251 million

2. Future Prospects

As announced in a separate notice “1. Purpose, etc., of the Purchase, etc., Overview of the Tender Offer” as of April 1, 2013 GungHo Online Entertainment is to become a consolidated subsidiary of SoftBank Corp. A separate press release will be issued regarding this matter.

SoftBank Corp. has decided to apply the International Financial Reporting Standards (IFRS) from the first quarter of the fiscal year ending March 31, 2014. As a result of GungHo Online Entertainment becoming a consolidated subsidiary, SoftBank Corp. will re-measure the fair value of the existing shares held. The impact of this on SoftBank Corp.'s consolidated statement of income for the first quarter of fiscal year ending March 2014 is expected to be a gain of approximately JPY 170.0 billion*.

  • *provisional calculation based on the closing price of GungHo Online Entertainment on March 22, 2013. The actual calculation will be based on the closing price of GungHo Online Entertainment on March 29, 2013.
  • Releases, announcements, presentations and other information available from this page and elsewhere on this website were prepared based on information available and views held at the time of preparation and speak only as of the respective dates on which they are filed or used by SoftBank Group Corp. or the applicable group company, as the case may be. Such information is subject to change and may become out-of-date. Such information may also contain forward-looking statements which are by their nature subject to various risks and uncertainties that may cause actual results and future developments to differ materially from those expressed or implied by such statements. Please read legal notices in its entirety prior to viewing any information available on this website.