TOKYO, May 27 (Pulse News Wire) – SoftBank Group Corp. (9984.T) announced today that its subsidiary, LINE Yahoo Co., Ltd., completed the initial acquisition of shares in LINE MAN Corporation Pte.
Ltd. (LMWN) on September 30, 2025. Following this, LINE Southeast Asia Corp. Pte. Ltd., a subsidiary of LINE Yahoo, initiated additional share purchases but received notification from Thai authorities on May 14, 2026, stating that further approvals were unnecessary for these transactions.
SoftBank plans to finalize the additional share purchase by August 2026. According to the company, the completion of this transaction is expected to have a minor impact on its consolidated operating results for the current fiscal period due to LMWN's existing status as a consolidated subsidiary. As a result of the planned additional share purchase, SoftBank’s indirect holding of LMWN shares is anticipated to increase to 81,046,672. Additionally, the voting rights ownership ratio is projected to rise to 60.9%. This update includes the previously acquired shares from LMWN employees, bringing the total indirectly held shares to 77,561.
The voting rights percentage calculation is based on the total number of votes as of April 30, 2026, adjusted for the issuance of new shares resulting from a capital increase noted in the previous disclosure dated September 11, 2025.
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