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M&A and Subsidiary Changes9984SoftBank Group Corp.Information and Communications, Services and Others

(Progress on Previously Disclosed Matter) Notice Regarding a Change in the Timing of Completion of the Acquisition of Shares in the Consolidated Subsidiary LINE MAN CORPORATION PTE. LTD.

The expected completion timing for the acquisition of shares through a capital increase in LINE MAN CORPORATION PTE. LTD. has changed from August 2026 to by the end of October 2026, as coordination among the parties toward execution of the relevant agreements is taking longer than expected.

Worth reading
33Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Neutral
Direction inferred from the company’s description.
Scale
130
USD million
Wording
Conditional
How definitive the wording is.

This transaction

This additional acquisition
CounterpartyApfarm, Commercial Alliance L.P.
Disclosing companySoftBank Group Corp.
LINE MAN CORPORATION PTE. LTD.Voting rights ownership percentageNumber of shares acquired (i) 3,732,460 shares, (ii) 4,780,115 shares, (iii) 12,428,298 shares

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 to be completed by the end of October 2026
Consideration and expenses
Acquisition price(i) USD 39M, (ii) USD 50M, (iii) capital increase in LMWN: USD 130M
Type of ConsiderationCash (share acquisition and capital increase)
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
Management structure after acquisitionLY has already made LMWN a consolidated subsidiary. Other aspects of the management structure, corporate name and treatment of employees are Not disclosed.
This transaction
ItemDetails
Transaction nameThis additional acquisition
Counterparty nameApfarm, Commercial Alliance L.P.
Name of the Subject CompanyLINE MAN CORPORATION PTE. LTD.
Acquisition price(i) USD 39M, (ii) USD 50M, (iii) capital increase in LMWN: USD 130M
Type of ConsiderationCash (share acquisition and capital increase)
Number of shares acquired(i) 3,732,460 shares, (ii) 4,780,115 shares, (iii) 12,428,298 shares
Voting rights ownership percentageAfter 64.0% (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 DateScheduled to be completed by the end of October 2026
Management structure after acquisitionLY has already made LMWN a consolidated subsidiary. Other aspects of the management structure, corporate name and treatment of employees are Not disclosed.
Items this document does not state (22)
Business 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 priceMerger 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 CommitteeConditions Precedent to Execution

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 parties involved are taking time to coordinate toward executing the agreements related to the capital increase.

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 on Previously Disclosed Matter) Notice Regarding a Change in the Timing of Completion of the Acquisition of Shares in the Consolidated Subsidiary LINE MAN CORPORATION PTE. LTD. | SoftBank Group Corp. (9984) timely disclosure | Komori