Announcement by Yahoo Japan Corporation
(Securities Code: 4689):
Establishment of Split Preparation Companies,
Execution of an Agreement Regarding
Absorption-type Company Split,
and Amendment to the Articles of Incorporation
(Change in Trade Name) pursuant to Transition to
a Holding Company Structure through a Company Split
April 25, 2019
SoftBank Group Corp.
SoftBank Group Corp. announces today that Yahoo Japan Corporation (“Yahoo Japan”), a subsidiary of SoftBank Group Corp., resolved to, at its Board of Directors Meeting held today, in order to transition to a holding company structure through a company split (absorption-type company split) on or around October 1, 2019, establish two split preparation companies as wholly-owned subsidiaries of Yahoo Japan and to execute an agreement regarding absorption-type company split with each of the successor companies with respect to the implementation of each absorption-type company split. Execution of said agreement is subject to a resolution approving of the same being passed at the ordinary general meeting of shareholders of Yahoo Japan scheduled to be held on June 18, 2019, and to being granted any approvals, permits, licenses and the like as may be required by the supervisory authorities.
In addition, Yahoo Japan also resolved to make changes to the Articles of Incorporation which will change its trade name to Z Holdings Corporation effective October 1, 2019 (tentative) subject to the effectuation of the absorption-type company split.
- 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 Such information is subject to change and may become out-of-date.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.