TOKYO, May 27 (Pulse News Wire) – SoftBank Corp. (9434.T) announced today that its subsidiary LINE Corporation (LY) has completed the approval process for additional shares of its subsidiary LINE MAN CORPORATION PTE.
LTD. (LMWN). On September 30, 2025, LY had already consolidated LMWN as a subsidiary. Subsequently, LY sought regulatory approvals from Thai authorities for further share acquisitions through its subsidiary LINE Southeast Asia Corp. PTE. LTD.
However, on May 14, 2026, local authorities informed LY that additional approvals were unnecessary for the proposed acquisition. Looking ahead, LY plans to finalize the additional share purchase by August 2026. Since LMWN is already a consolidated subsidiary, SoftBank expects the impact on its current fiscal performance to be minor due to this transaction. As a result of the planned additional share purchase, SoftBank's indirect holdings of LMWN shares and voting rights will increase as follows: 1. Indirectly held LMWN shares: 81,046,672 2. Voting rights percentage: 60.9% Note 1: This includes shares acquired from LMWN employees outside of the additional purchase, totaling 77,561 (indirectly held by SoftBank).
Note 2: The calculation is based on the total number of voting rights as of April 30, 2026, plus the voting rights associated with newly issued shares resulting from the capital increase mentioned in the September 11, 2025 notice.
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