Softbank Corp. Maintains Over Half Independent Directors Amid Close Group Ties
TOKYO, Jun 29 (Pulse News Wire) – SoftBank Corp. (9434.T) reported that as of March 31, 2026, it maintains over half independent directors among its board members, ensuring robust governance despite c
TOKYO, Jun 29 (Pulse News Wire) – SoftBank Corp. (9434.T) reported that as of March 31, 2026, it maintains over half independent directors among its board members, ensuring robust governance despite close ties within the SoftBank Group.
The company’s largest shareholder, SoftBank Group Corp., owns 40.06% of voting rights indirectly through subsidiaries. SoftBank operates independently while leveraging strategic advantages from group affiliations. It signed a perpetual agreement with SoftBank Group Corp. on March 31, 2018, granting brand usage rights.
The firm also fosters internal talent exchange to enhance operational efficiency and management stability. In addition, SoftBank ensures minority shareholders' interests through stringent oversight mechanisms. All significant transactions requiring independent director scrutiny did not occur during the fiscal year ending March 31, 2026. However, the company monitors related-party transactions annually and obtains board approval for major deals.
SoftBank continues to balance independence and collaboration, maintaining effective governance structures to protect minority investors’ interests.