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M&A and Subsidiary Changes9434SoftBank Corp.Information and Communications, Services and Others

(Update on Disclosed Matter) Notice Regarding the Status of Obtaining Approvals and Other Authorizations from the Relevant Thai Authorities for the Acquisition of Shares in Consolidated Subsidiary LINE MAN CORPORATION PTE. LTD. and the Outlook

On 14 May 2026, the Company received notification from the relevant Thai authorities that no approvals or permits are required for the additional acquisition of shares in LINE MAN CORPORATION PTE. LTD. Following coordination with the relevant parties, LY Corporation plans to complete the additional acquisition by the end of August 2026.

Worth reading
61In focus
Scored from 3 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
60.9
Voting rights ownership ratio (%)
Wording
Conditional
How definitive the wording is.

This transaction

This additional acquisition
Disclosing companySoftBank Corp.
LINE MAN CORPORATION PTE. LTD.Voting rights ownership percentageNumber of shares acquired 81,046,672 shares (including 77,561 shares already acquired from officers and employees of LMWN outside the additional acquisition)

The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.The percentage before the change is not stated in this document.

Execution Date / Effective DateScheduled for completion by the end of August 2026
Impact on Business Performance

The impact on consolidated results for the current fiscal year is expected to be minor

Procedures and assumptions
Conditions Precedent to ExecutionNotification received from the relevant Thai authorities that no approvals or permits are required. No other approvals or permits are required.
This transaction
ItemDetails
Transaction nameThis additional acquisition
Name of the Subject CompanyLINE MAN CORPORATION PTE. LTD.
Number of shares acquired81,046,672 shares (including 77,561 shares already acquired from officers and employees of LMWN outside the additional acquisition)
Voting rights ownership percentageAfter 60.9% (before not disclosed)
Impact on Business PerformanceThe impact on consolidated results for the current fiscal year is expected to be minor
Execution Date / Effective DateScheduled for completion by the end of August 2026
Conditions Precedent to ExecutionNotification received from the relevant Thai authorities that no approvals or permits are required. No other approvals or permits are required.
Items this document does not state (25)
Counterparty nameBusiness Description of the Subject CompanyLocation of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Date of board resolutionContract DateValuation methodologyIndependent valuation institutionSpecial CommitteeManagement structure after acquisition

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The Company plans to proceed with the additional acquisition based on the results of the review by the relevant Thai authorities and coordination with the relevant parties. As the target company will remain a consolidated subsidiary after the additional acquisition, the impact on consolidated results for the current fiscal year is expected to be minor.

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Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
(Update on Disclosed Matter) Notice Regarding the Status of Obtaining Approvals and Other Authorizations from the Relevant Thai Authorities for the Acquisition of Shares in Consolidated Subsidiary LINE MAN CORPORATION PTE. LTD. and the Outlook | SoftBank Corp. (9434) timely disclosure | Komori