---
endpoint: analytics
pattern: Telecoms
status: done
latency_ms: 161776
conversation_id: 3743f65e-516f-41c5-9279-ccb957bf7b4d
citations: 2
created: 2026-05-31 20:30:35Z
---

# Who are the key shareholders of Softbank Group?

# Key Shareholders of SoftBank Group Corp. (9984 JP)

## Top Equity Shareholder — Masayoshi Son (Founder/Chairman & CEO)

| Metric | Value | Source |
|--------|-------|--------|
| **Masayoshi Son (direct/indirect personal stake)** | **29.1%** | CLSA (June 2025) [1] |
| Foreign shareholding | 32.0% | CLSA [1] |
| Free float (estimated) | 69.7% | CLSA [1] |
| Total shares in issue | 1,470.0 million | CLSA [1] |

Masayoshi Son remains by far the single largest shareholder. CLSA's most recent published shareholder profile (priced 13 June 2025) lists **Masayoshi Son at 29.1%** as the only "Major shareholder" line item, with the remainder distributed across institutional/free-float holders (foreign holding of 32.0%, total free float of 69.7%) [1].

## Cross-Entity Ownership Linkages

Beyond his direct stake in SBG, Masayoshi Son is also a significant **counterparty/related-party** within the consolidated group through several co-investment vehicles:

- **SB Northstar (asset management subsidiary)** — SBG indirectly holds **67%**, with **Masayoshi Son indirectly holding 33%** (the portion attributable to his stake is treated as a non-controlling interest in the consolidated accounts) [2].
- **SoftBank Vision Fund 2 LLC (SVF2 LLC)** — SBG's equity interest is **82.75%**; MgmtCo (a vehicle controlled by Masayoshi Son) holds the remaining **17.25%** via the Co-investment Program [3].
- **SLA LLC (LatAm fund)** — Same split: SBG **82.75%** / Son-controlled MgmtCo **17.25%** [3].
- **Collateral disclosure** — As of December 31, 2025, **8,897,100 SBG shares** are deposited by Masayoshi Son in SVF2 LLC, and **2,168,500 SBG shares** in SLA LLC, as collateral for receivables related to the co-investment program [3].

## Free Float / Foreign Holders

CLSA's analytics report **~69.7% free float** and **~32.0% foreign shareholding** [1]. While individual institutional names are not enumerated in the CLSA fact card or in the latest Q3 FY2026 consolidated financial report, the standard composition consists of:

- Large Japanese custodian / trust banks (Japan Trustee Services / Master Trust Bank of Japan accounts — typical for Topix-listed large-caps holding shares on behalf of domestic asset managers and pension funds)
- Foreign institutional investors (~32% aggregate)
- Retail and other minority investors

## Summary

The shareholder structure is heavily concentrated around the founder:

1. **Masayoshi Son — ~29% direct stake** (dominant single shareholder; also Chairman & CEO) [1]
2. **Foreign institutional shareholders — ~32% aggregate** (mostly via trust/custody accounts) [1]
3. **Other domestic institutions / retail — remainder of the ~70% free float** [1]
4. Son's economic exposure is amplified via co-investments where he owns **17.25% of SVF2 LLC and SLA LLC** and **33% of SB Northstar** [2][3]

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**Sources**

[1] *SoftBank Group — HC O-PF (If OpenAI is worth US$1tn . . .)* — CLSA (13 Jun 2025) — 607961957LinqAlpha.PDF
[2] SoftBank Group Corp. Consolidated Financial Report, Q3 FY2026 (Nine months ended December 31, 2025) — SB Northstar ownership disclosure
[3] SoftBank Group Corp. Consolidated Financial Report, Q3 FY2026 — Related party transactions / Co-investment Program (SVF2 LLC & SLA LLC)

## Citations

- [2] **SoftBank Group Corp., Q3 2026 Report** · external
- [3] **SoftBank Group Corp., Q3 2026 Report** · external

