Acquisition of Own Shares and Commencement of Tender Offer by a Subsidiary (LY Corporation, Securities Code: 4689) and Submission of Tender by Subsidiary (A Holdings Corporation)
At its Board of Directors meeting held on May 7, 2025, LY Corporation (Securities code: 4689, Prime Market of the Tokyo Stock Exchange, “LY”), a subsidiary of SoftBank Group Corp. (“SBG”), resolved to acquire its own shares through a tender offer (the “Tender Offer”). Details are provided in the attached document.
In addition, A Holdings Corporation (“AHD”), a subsidiary of SBG and owner of 62.45%* of LY’s shares, concluded a tender offer agreement today with LY to tender a portion of its LY common shares in the Tender Offer.
The effect of this matter on SBG’s consolidated financial statements is immaterial.
The percentage ownership by AHD as of March 31, 2025, is calculated based on the number of shares issued by LY as of March 31, 2025 (7,154,182,647 shares), subtracting the number of treasury shares owned by LY as of the same date (607,074 shares, excluding the common shares owned by the share-based benefit trust (J-ESOP), executive compensation BIP trust, and share-based granting ESOP trust (28,167,999 shares)), equaling 7,153,575,573 shares. The percentage is then calculated as the ratio of AHD's ownership as of March 31, 2025, which totals 4,467,326,675 shares, rounded to the nearest thousandth place.
Overview of LY
| Location | 1-3 Kioicho, Chiyoda-ku, Tokyo |
|---|---|
| Name and title of representative | Takeshi Idezawa, President and Representative Director, CEO |
| Description of business | Development of online advertising business, ecommerce business, members services business, and other businesses, and managing of group companies and other operations |
| Common stock | JPY 250,129 million (as of March 31, 2025) |
-
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 Such information is subject to change and may become out-of-date.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.
