Press Releases 2015

Purchase of Shares by SBG's Representative Director and President & COO

August 19, 2015
SoftBank Group Corp.

SoftBank Group Corp. (SBG) today announced that Nikesh Arora, SBG's Representative Director and President & COO, is purchasing approximately JPY 60 billion worth of SBG's shares by market trading on the market opened by the Tokyo Stock Exchange (“the transaction”).

Nikesh Arora, who is doing this in his personal capacity, has informed the board members, who are fully supportive of his decision. The transaction is being announced in the two weeks post the announcement of SBG's earnings results and is compliant with Japanese and US financial market regulations. It will be conducted as a program trade over the next 6 months.

Elaborating on the move, Nikesh Arora said, “My past year with the SoftBank Group has been very rewarding. As a measure of my commitment, I have decided to take a personal bet on the SoftBank Group and ensure an alignment of vision, with our founder and Chairman & CEO Masayoshi Son. This is a large transaction for me, and involves taking an enormous risk in my life once again. However, I am extremely confident about the future of the SoftBank Group and the long-term objectives that we have set out. I intend to work closely with Mr. Son to make the vision a reality.”

Masayoshi Son, Chairman & CEO of SBG said, “I am delighted that Nikesh has decided to double down on his partnership with me at the SoftBank Group. As I have said, his vision and mine are aligned and we plan to work together for many years to make the SoftBank Group a sustainable success for decades to come. I expect him to succeed me at the appropriate time. The last year of working together could not have gone better and it has surpassed every expectation that I had. Nikesh is a great business leader, a wonderful complement to me, and he's a good person at heart.”

Disclaimer

This material was prepared based on information available and views held at the time it was made. Statements in this material that are not historical facts, including, without limitation, plans, forecasts and strategies are “forward-looking statements”.
Forward-looking statements are by their nature subject to various risks and uncertainties, including, without limitation, a decline in general economic conditions, general market conditions, technological developments, changes in customer demand for products and services, increased competition, risks associated with international operations, and other important factors, each of which may cause actual results and future developments to differ materially from those expressed or implied in any forward-looking statement.
With the passage of time, information in this material (including, without limitation, forward-looking statements) could be superseded or cease to be accurate. SoftBank Group Corp. (“SBG”) disclaims any obligation or responsibility to update, revise or supplement any forward-looking statement or other information in any material or generally to any extent, except as required by law. Use of or reliance on the information in this material is at your own risk. Information contained herein regarding companies other than SBG and other companies of the SoftBank Group is quoted from public sources and others. SBG has neither verified nor is responsible for the accuracy of such information.

  • 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.