Change in Subsidiaries (Sub-Subsidiaries)

SoftBank Group Corp.

SoftBank Group Corp. (“SBG”) announced the following change in its specified subsidiaries.

1. Reason for the change

As announced in “Entry into a Definitive Agreement by Subsidiaries (SoftBank Corp. and Z Holdings Corporation) Regarding the Business Integration of Z Holdings Corporation and LINE Corporation, and the Planned Commencement of a Joint Tender Offer for the Shares of LINE Corporation by a Subsidiary (SoftBank Corp.) and NAVER Corporation” dated December 23, 2019, an absorption-type merger (the “Absorption-type Merger”) between LINE Corporation (“LINE”), as the surviving corporation, and Shiodome Z Holdings GK, a wholly owned subsidiary of SoftBank Corp. (Securities Code: 9434, Tokyo Stock Exchange First Section; a subsidiary of SBG, “SoftBank”), as the absorbed corporation, was implemented as of February 26, 2021, as part of the business integration between Z Holdings Corporation (Securities Code: 4689, Tokyo Stock Exchange First Section; a subsidiary of SBG; “ZHD”) and LINE (the “Business Integration”). Through a series of transactions including the Absorption-type Merger, LINE Demerger Preparatory Company, a subsidiary of LINE, has become a subsidiary (sub-subsidiary) of SBG as of February 26, 2021. *

LINE has transferred its entire business to LINE Demerger Preparatory Company as of February 28, 2021 and changed its trade name to A Holdings Corporation (“AHD”). As of the same date, LINE Demerger Preparatory Company changed its trade name to LINE Corporation.

  • LINE transferred its entire business (excluding the ZHD shares, the contractual status pursuant to the agreements executed by LINE in relation to the Business Integration, and the rights and obligations set out in the absorption-type demerger agreement) to its wholly owned subsidiary, LINE Demerger Preparatory Company, in an absorption-type demerger (the “Corporate Demerger”) as of February 28, 2021. For accounting purposes, the acquisition date is February 28, 2021, the date when the Corporate Demerger became effective, as the Absorption-type Merger and the Corporate Demerger are deemed to be a series of transactions regarding the Business Integration.

2. Outline of the subsidiary (sub-subsidiary)

(1) NameLINE Corporation
(2) Address1-6-1 Yotsuya Shinjuku-ku, Tokyo
(3) Name and title of representativeTakeshi Idezawa, Representative Director and President
(4) Nature of businessAdvertising service based on the mobile messenger application “LINE,” core businesses including the sales of stickers and game services, and strategic businesses including Fintech, AI, and commerce services
(5) Share capital JPY 34,201 million (as of March 31, 2021)
(6) FoundedDecember 13, 2019
(7) Major shareholders and shareholding ratiosZ Holdings Corporation100.00%
(8) Relationships with SBGCapital relationshipSBG, through SoftBank, owns 50.00% of the shares in AHD, the parent company of LINE and ZHD.
Personnel relationshipNot applicable
Business relationshipSBG’s subsidiary SoftBank has business relationships with LINE with respect to advertising services, etc.
(9)Results of operations and financial position over the past 3 years (Consolidated, IFRS)*
 Fiscal yearFiscal year ended December 31, 2017Fiscal year ended December 31, 2018Fiscal year ended December 31, 2019
 Total capitalJPY 189,977 millionJPY 208,514 millionJPY 174,663 million
 Total assetsJPY 303,439 millionJPY 486,587 millionJPY 541,352 million
 Equity attributable to owners of parent per shareJPY 779.30JPY 833.87JPY 659.96
 RevenuesJPY 167,147 millionJPY 207,182 millionJPY 227,485 million
 Operating income (loss)JPY 25,078 millionJPY 16,110 millionJPY (38,997) million
 Income (loss) attributable to owners of the parent companyJPY 8,078 millionJPY (3,718) millionJPY (46,888) million
 Earnings per share: basic profit (loss) for the periodJPY 36.56JPY (15.62)JPY (196.07)
 Dividends per share---
  • Results of operations and financial position for AHD (former LINE) are shown.

3. Date of change

February 26, 2021

  • 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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