Subsidiary (ValueCommerce Co., Ltd., Securities Code: 2491) to Repurchase Its Own Shares and Undertake a Tender Offer

SoftBank Group Corp.

SoftBank Group Corp. (“SBG”) announced today that on March 11, 2024 its subsidiary ValueCommerce Co., Ltd. (“ValueCommerce”) has resolved to repurchase its own shares and conduct a tender offer (the “Tender Offer”) as the specific method for this repurchase. Please refer to Attachment for details.

In addition, Z Intermediate Holdings Corporation (“ZHD Intermediate”), a subsidiary of SBG and owner of 51.92%* of ValueCommerce’s shares, entered into a tender offer agreement today with ValueCommerce to tender a portion of its ValueCommerce common shares in the Tender Offer. Upon completion of the Tender Offer, ValueCommerce is expected to cease to be a subsidiary of SBG and become an equity method associate.

The impact of this transaction on SBG’s consolidated financial statements is expected to be minimal.

  • As of December 31, 2023, excluding treasury shares owned by ValueCommerce.

Overview of ValueCommerce

Location1-3 Kioicho, Chiyoda-ku, Tokyo
Name and title of representativeJin Kagawa
Representative Director
President and CEO
Main businessMarketing Solutions Business (Affiliate marketing)
EC Solutions Business (StoreMatch, STORE’s R∞, B-Space)
Travel Tech Business
Share capitalJPY1,728 million (as of December 31, 2023)
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