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

(Progress of Disclosure) Notice Regarding the Change in the Completion Date for the Acquisition of Shares in a Consolidated Subsidiary (LINE MAN CORPORATION PTE. LTD.)

The expected completion date for the acquisition of shares through the capital increase in LMWN has been postponed from the end of October 2026 to the end of January 2027. There is no indication that the transaction details themselves, such as the number of shares to be acquired or the investment amount, have changed.

Worth reading
43Recurring
Scored from 4 of 5 sections
Direction
Deterioration
Direction inferred from the company’s description.
Scale
—
Displayed only when the document provides numerical figures.
Wording
Avoiding a definitive answer
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 12,428,298 shares (number of voting rights: Not disclosed)

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 DateExpected to be completed by the end of January 2027
Consideration and expenses
Acquisition priceUSD 130M
Impact on Business Performance

The change in the scheduled completion date of this additional acquisition is expected to have a minor impact on consolidated results for the current fiscal year.

Procedures and assumptions
Conditions Precedent to ExecutionCoordination among the parties to the agreement toward execution of the related agreement
This transaction
ItemDetails
Transaction nameThis additional acquisition
Name of the Subject CompanyLINE MAN CORPORATION PTE. LTD.
Acquisition priceUSD 130M
Number of shares acquired12,428,298 shares (number of voting rights: Not disclosed)
Voting rights ownership percentageAfter 63.7% (before not disclosed)
Impact on Business PerformanceThe change in the scheduled completion date of this additional acquisition is expected to have a minor impact on consolidated results for the current fiscal year.
Execution Date / Effective DateExpected to be completed by the end of January 2027
Conditions Precedent to ExecutionCoordination among the parties to the agreement toward execution of the related agreement
Items this document does not state (24)
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 CompanyExpenses 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.

Because coordination among the parties to the agreement toward execution of the agreement related to the capital increase continues to require additional time.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
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.
(Progress of Disclosure) Notice Regarding the Change in the Completion Date for the Acquisition of Shares in a Consolidated Subsidiary (LINE MAN CORPORATION PTE. LTD.) | SoftBank Corp. (9434) timely disclosure | Komori