---
title: Softbank (and its significance in terms of large acquisitions)
description: "大きなポイントは創業オーナーだということ。\n日本の時価総額50位までで創業オーナー系の社長は3人。\nソフトバンク　孫さん。\nユニクロ　柳井さん。\n楽天　三木谷さん。\nサラリーマン社長にこの大型買収は意思決定できない。\n責任とりたくないから。役員会の合議制ではだれもがリスクしか挙げない。。。"
---

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# [Softbank (and its significance in terms of large acquisitions)](https://blog.assentia-hd.com/en-us/blog/20121018)

 Written by [Akira Tsuchiya](https://blog.assentia-hd.com/en-us/blog/author/akira) | Jun 3, 2023, 1:42:53 PM

## Softbank (and its significance in terms of large acquisitions)

Softbank is buying Sprint, the third largest carrier in the U.S. and even the fifth largest company.

Sprint, the third-largest carrier, has been running at a huge loss for the past five years.

Normally, one would not buy a company that has been running in the red for five years.

Why would SoftBank acquire Sprint?

Because SoftBank has a past success story with Vodafone in Japan.

Anyone will buy a profitable company, no matter how high the price. No matter how expensive. It is easy to buy.

It is scary to buy a company in the red. No one knows how much off-balance-sheet debt they have.

You don't even know how much off-balance-sheet debt they have. Due diligence is almost unreliable.

Why buy?

Because they have the proprietary know-how to turn a company around. Softbank has mastered this in Japan.

Vodafone, which had been a failure, was turned around with the I-phone as a weapon and sales promotion skills.

This is exactly how SoftBank entered the market through a narrow gate and accumulated know-how (improvement mechanism).

This is strong. They have acquired know-how that can be applied in any way depending on the way they do things. 。。。。

Another important point is that he is a founding owner.

There are three presidents among the top 50 Japanese companies in terms of market capitalization who are founding owners.

Softbank: Mr. Son.

Uniqlo: Mr. Yanai.

Rakuten, Mikitani.

A salaried CEO cannot make a decision on this large acquisition.

They do not want to take responsibility. In a board of directors' council system, everyone can only take risks.

The stage of growth of a company is no bigger than the size of its president.

He must be bold in his decision-making and take the company to the next big stage.

Without an insatiable appetite for growth, a company cannot exist.

Let us always be conscious of growth!

Assentia HoldingsAssentiaHoldings Pte.Ltd.AssentiaHoldings,Inc.  
Akira Tsuchiya

 

 

 

 

 

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