SoftBank plans to rollout pre-commercial services based on 5G technology in the fiscal year ending March 31, 2020.
As one of the steps toward this goal, in March 2019 the company commenced a demonstration trial of a service that enables users to watch professional baseball games in virtual reality (VR) space using 3D panorama images of the Fukuoka Yafuoku! Dome.
SoftBank has also decided to purchase new shares issued by third-party allotment for which we will be the allottee, and which will be conducted by Yahoo Japan with the intention of making Yahoo Japan a consolidated subsidiary. The company will acquire all of the 1,511,478,050 new shares to be issued by Yahoo Japan for 456.5 billion yen in the Capital Increase by Third-Party Allotment.
The company currently owns a 12.08% ratio of the total number of issued and outstanding shares of Yahoo Japan but after Yahoo Japan completes the tender offer for its own shares described below and the complete the acquisition of the new shares of Yahoo Japan it is expected to own 44.64% of the total number of issued and outstanding shares of Yahoo Japan. In addition, Yahoo Japan is expected to become a consolidated subsidiary of us after our dispatches officers as a board member of Yahoo Japan.
By further deepening their efforts to date, SoftBank and Yahoo Japan will utilize the service lineups of both companies, the customer base possessed by both companies—the largest in Japan, and the massive volume and variety of multi-big data that is obtained from that customer base and through IoT, to provide individual customers with more convenient services that are tailored to their lifestyles, as well as to provide our enterprise customers with innovative solutions that resolve various issues in their industrial fields and support their business growth.
Both companies will fully leverage their solid management resources to realize the foregoing, and aim to achieve further growth and development, and therefore to increase corporate values of both companies.