There are two YAHOO!s – YAHOO! Inc and YAHOO! KK. (ヤフー株式会社)
Yahoo! KK, ヤフー株式会社 is a Japanese corporation listed on the Tokyo Stock Exchange
Yahoo! KK (ヤフー株式会社) is not a full/100% subsidiary of Yahoo Inc, but Yahoo! KK is a publicly traded company, listed on the Tokyo Stock Exchange.
Ownership of Yahoo! KK (ヤフー株式会社)
- 35.45% by SoftBank
- 6.42% by SoftBank subsidiary SBBM
- 34.74% by Yahoo Inc.
- 23.39% other shareholders via Tokyo Stock Exchange
- 100% Total
Thus effectively:
- SoftBank (SoftBank + SBBM) holds 41.87% of Yahoo! KK (ヤフー株式会社) shares
- Yahoo Inc. holds 34.74% of shares
History background of Yahoo Japan
Masayoshi Son was one of the first and major investors in Yahoo Inc., and obtained the rights to build Yahoo Japan with part investment and license to trade marks and technology from Yahoo Inc.
Masayoshi Son and his SoftBank Group founded Yahoo Japan on January 31, 1996, and built Yahoo Japan into one of Japan’s most successful media and internet companies.
Yahoo KK started trading on the Tokyo Stock Exchange (Code 4689) with the IPO on October 28, 2003.
Market cap and size of Yahoo Inc vs Yahoo Japan
Yahoo Inc and Yahoo KK (ヤフー株式会社) are traded totally independently on different Stock Exchanges. Therefore share price and market capitalization are not directly related.
There are days when Yahoo KK (ヤフー株式会社) has higher market capitalization than Yahoo Inc minus the holding of Yahoo KK shares.
Preview – SoftBank today and 300 year vision report:
Our Report on “SoftBank today and 300 year vision” (approx 120 pages, pdf file)
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