Establishment of Technology Services Management Subsidiary
On October 2, SOFTBANK CORP. established a wholly owned subsidiary, SOFTBANK TECHNOLOGY HOLDINGS CORP. (SBTH below) for the integrated management of the SOFTBANK GROUP’s technology services business. The founding of SBTH is part of the SOFTBANK GROUP’s strategy, introduced from April 2000, to establish separate subsidiaries for the integrated management of each business field in order to better clarify the management responsibility for each of the SOFTBANK GROUP’s business fields and thoroughly advance management efficiency.
With the founding of SBTH, SOFTBANK CORP.’s entire shareholdings in its wholly owned subsidiary SOFTBANK Technology Corp. (SBT below; main office in Chuo-ku, Tokyo; Norikazu Ishikawa, President; code No. 4726), a publicly owned corporation listed on the Over-the-Counter Section of the Tokyo Stock Exchange, have been transferred to SBTH (a non-cash investment), making SBT a subsidiary of SBTH.
SBTH will be engaged in the integrated supervision and management of the SOFTBANK GROUP’s system solution service businesses, including the provision of technologies and services for e-commerce and network infrastructure as well as the provision of business solutions to support e-commerce. Henceforth, SBTH will actively develop its business aiming at the widespread dissemination of e-commerce by pursuing the following three operational strategies: (1) the construction of systems immediately incorporating the newest state-of-the-art technologies; (2) maximizing group synergy and thereby accumulating know-how; and (3) improving the cost performance of e-commerce businesses.
Outline of SOFTBANK TECHNOLOGY HOLDINGS CORP.
| 1. Company name | SOFTBANK TECHNOLOGY HOLDINGS CORP. (Japanese name: SOFTBANK TECHNOLOGY HOLDINGS Kabushiki Kaisha) |
|---|---|
| 2. Address | 24-1 Nihonbashi-Hakozakicho, Chuo-ku, Tokyo |
| 3. Representative officer | President & CEO Norikazu Ishikawa |
| 4. Business content | Integrated supervision and management of the SOFTBANK GROUP’s technology services businesses |
| 5. Capitalization | 108,750,000 yen (capital reserves of 108,750,000 yen;reduction entry applied) |
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