Yahoo Japan : Notification of Resignation of Outside Directors (2018/7/10) PDF(12KB)
July 10, 2018 at 04:49 am IST
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July 10, 2018
To whom it may concern
Yahoo Japan Corporation
Kentaro Kawabe, President & CEO Stock code: 4689
Notification of Resignation of Outside Directors
Yahoo Japan Corporation announces the receipt of resignation letters from our outside directors, Arthur Chong and Alexi A. Wellman. Details are as follows.
1. Resigning Directors:
Arthur Chong and Alexi A. Wellman
2. Date of resignation:
July 10, 2018
3.Reason for resignation:
Because of termination of the Joint Venture Agreement between SoftBank Group Corp., SoftBank Group Japan Corp., SBBM Corp and Altaba Inc. as announced in " Announcement of Opinion Regarding Third Party Tender Offer for the Company's Shares by SoftBank Corp., a Subsidiary of Our Parent Company, SoftBank Group KK and Acquisition of Shares of the Company by way of Self-Tender Offer " on July 10, 2018.
Disclaimer
This is an English translation of the captioned release. This translation is prepared and provided for the purpose of the readers' convenience. All readers are recommended to refer to the original version in Japanese of the release for complete information.
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Yahoo! Japan Corporation published this content on 10 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 09 July 2018 23:18:07 UTC
Z Holdings Corporation is a holding company organized around 3 areas of activity:
- operation of e-commerce portals (69.5% of net sales): primarily operation of the Yahoo! Japan Shopping, PayPay Mall, ASKUL, Lohaco, Zozotown, Line Friends and Line Gift online stores. In addition, the group operates online auction platforms (Yahuoku!, PayPay Flea Market, etc.), online hotel and travel booking platforms (Yahoo! Japan Travel, Ikyu Travel, etc.) and electronic payment and financial services platforms (PayPay Card, PayPay Bank, LINE Securities, etc.) ;
- media services (28.2%): Internet advertising and marketing services, operation of generalist portals providing Internet tools and services (search engines, e-mail, discussion forums, electronic diaries, instant messaging, etc.), and content ( e-books, video content, thematic directories, news, etc.);
- other (2.3%).