Press Releases


SOFTBANK CORP. (Head office: Chuo-ku, Tokyo; President and CEO: Masayoshi Son; “SOFTBANK”) announced that it has agreed at a board meeting held today to acquire JAPAN TELECOM CO., LTD. (Head office: Chuo-ku, Tokyo; Director,President & CEO: Hideki Kurashige; “JAPAN TELECOM”). JAPAN TELECOM is a fixed-line operator and an affiliate of Ripplewood Holdings L.L.C. (Head office: New York City, U.S; CEO: Timothy C. Collins).

As a result of the acquisition, the SOFTBANK Group will have consolidated sales of around 1 trillion yen and control approximately 10 million access lines, thus becoming a leading global telecommunication operator.

1. Purpose of the acquisition

The SOFTBANK Group will substantially expand the scale of its business through the acquisition of JAPAN TELECOM and will seek to become “the No.1 broadband company”, offering a comprehensive range of communication services including voice, data transmission and internet connectivity to consumer and enterprise customers.

2. Synergies

  • (1) JAPAN TELECOM is a pioneer of IP-VPN leased line networks and wide-area Ethernet services to the enterprise sector. It has an established presence in the enterprise data services arena and is expected to contribute towards strengthening SOFTBANK’s enterprise businesses expansion plans.

  • (2) JAPAN TELECOM has approximately 170,000 domestic enterprise customers, primarily large corporations which will support the further expansion of SOFTBANK Group’s customer base. In addition, SOFTBANK’s corporate marketing capabilities and customer acquisition channels will be strengthened and diversified.

  • (3) JAPAN TELECOM owns approximately 12,000 km of fiber-optic network infrastructure. The propriety IP network operated by the SOFTBANK Group will be strengthened and made more efficient by connecting with this fiber-optic network.

  • (4) As a result of the acquisition, the SOFTBANK Group will be able to substantially enhance its human resources for enterprise sales and engineering.

  • (5) The acquisition will also enable the SOFTBANK Group to, on a consolidated basis, improve its EBITDA and strengthen its revenue base.

3. Outline of the transaction

  • Method of acquisition: Approximately 144 million (100%) shares of the issued and outstanding common stock of JAPAN TELECOM

  • Acquisition price: Approximately 340 billion yen

    Common stock purchased by SOFTBANK
    143.3 billion yen
    Net interest-bearing debt (estimate as of June 4)
    164.0 billion yen
    Preferred stock
    32.5 billion yen
  • Sellers: Six companies in total, including Ripplewood.

  • Date of acquisition: Scheduled on November 16, 2004

4. Impact on SOFTBANK’s Financials

Final net income on a consolidated basis for SOFTBANK is yet to be determined. An announcement will be made as soon as the details are finalized.


Head office location24-1, Nihonbashi-Hakozakicho, Chuo-ku, Tokyo
RepresentativeMasayoshi Son
Paid-in capital162.3 billion yen
Principal lines of business
  • Broadband infrastructure
  • e-commerce
  • e-finance
  • media and marketing
  • broadmedia
  • Internet culture
  • and technology services


Location7-1 Hatchobori 4 chome, Chuo-ku, Tokyo
RepresentativeHideki Kurashige
Paid-in capital66.2 billion yen
Principal line of businessFixed-line telecommunications
  • 347.1 billion yen (March 2004, unaudited)
  • 222 billion yen (March 2003, consolidated)
Operating profit18.4 billion yen (March 2003, consolidated)
  • 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.

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