エヌビディアコーポレーション 外国会社臨時報告書
提出書類 | 外国会社臨時報告書 |
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提出日 | |
提出者 | エヌビディアコーポレーション |
カテゴリ | 外国会社臨時報告書 |
EDINET提出書類
エヌビディアコーポレーション(E26362)
外国会社臨時報告書
【表紙】
【提出書類】 外国会社臨時報告書
【提出先】 関東財務局長
【提出日】 2020年11月24日
【会社名】 エヌビディアコーポレーション
(NVIDIA Corporation)
【代表者の役職氏名】 副社長、副法律顧問兼秘書役補佐
レベッカ・ピータース
(Rebecca Peters, Vice President, Deputy General Counsel and
Assistant Secretary)
【本店の所在の場所】 アメリカ合衆国95051 カリフォルニア州 サンタクララ
サン・トーマス・エクスプレスウェイ 2788
(2788 San Tomas Expressway, Santa Clara, California 95051,
U.S.A.)
【代理人の氏名又は名称】 弁護士 松 添 聖 史
【代理人の住所又は所在地】 東京都港区六本木1-9-10
アークヒルズ仙石山森タワー28F
ベーカー&マッケンジー法律事務所(外国法共同事業)
【電話番号】 03-6271-9900
【事務連絡者氏名】 弁護士 渡 邊 大 貴
【連絡場所】 東京都港区六本木1-9-10
アークヒルズ仙石山森タワー28F
ベーカー&マッケンジー法律事務所(外国法共同事業)
【電話番号】 03-6271-9900
【縦覧に供する場所】 なし
1 . 別段の記載がある場合を除き、本書に記載の「 $」及び「ドル」はアメリカ合衆国ドルを指す。本書において
便宜上記載されている日本円は、1ドル=103.87円の換算率(2020年11月19日現在の株式会社三菱UFJ銀行対
顧客電信直物売買相場仲値)により換算されている。
2 . 別段の記載がある場合を除き、本書に記載の「 £ 」及び「ポンド」は英国スターリング・ポンドを指す。本書
において便宜上記載されている日本円は、1ポンド= 137.50円の換算率(2020年11月19日現在の株式会社三菱
UFJ銀行対顧客電信直物売買相場仲値)により換算されている。
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EDINET提出書類
エヌビディアコーポレーション(E26362)
外国会社臨時報告書
1 【提出理由】
2020年9月13日、デラウェア州の会社であるエヌビディアコーポレーション(以下「当社」(Company又はNVIDIA)とい
う。)は、デラウェア州の会社であり当社の完全子会社であるエヌビディア・インターナショナル・ホールディングス・
インク(以下「エヌビディア・ホールディングス」(Nvidia Holdings)という。)、イングランド及びウェールズの法律
に基づき設立された会社であるアーム・リミテッド(以下「アーム」(Arm)という。)、イングランド及びウェールズの
法律に基づき設立された会社であるソフトバンク・グループ・キャピタル・リミテッド(以下「ソフトバンク」
(SoftBank)という。)並びにイングランド及びウェールズの法律に基づき設立された会社であるSVFホールドコ(UK)
リミテッド(以下「ビジョン・ファンド」(Vision Fund)といい、ソフトバンクと併せて「売主」(Sellers)と総称す
る。)との間で、株式譲渡契約(以下「譲渡契約」(Purchase Agreement)という。)を締結した。譲渡契約は、当社、エ
ヌビディア・ホールディングス、アーム及び各売主のそれぞれの取締役会又はそれと同等の機関において承認された。
そのため、金融商品取引法第24条の5第4項並びに企業内容等の開示に関する内閣府令第19条第2項第3号及び第6号の2
の規定により、本臨時報告書を提出する。
2 【報告内容】
A. Report under Article 19 Paragraph 2 Subparagraph 3 of the Cabinet Office Ordinance Concerning
Disclosure of Particulars
(1) Name, address, name of the representative person , amount of stated capital and contents of the
business of specified subsidiary
Name
Arm Limited
Address of headquarter 110 Fulbourn Road, Cambridge CB1 9NJ, UK
Name of representative Name : Simon Segars
Title: Chief Executive Officer
Capital amount (c ommon stock £ 470,920,000 (JPY 64,751,500,000)
and a dditional p aid-in- c apital)
(As of 3/31/2020)
Arm is a British semiconductor and software design
Contents of b usiness
company based in Cambridge, England. Arm focuses
on the design of Arm processors and other chip
designs. Arm technology is at the heart of a computing
and data revolution that is transforming the way people
live and businesses operate. Its energy-efficient
processor designs and software platforms have enabled
advanced computing in more than 180 billion chips
and its technologies securely power products from the
sensor to the smartphone and the supercomputer.
Together with 1,000+ technology partners Arm is at
the forefront of designing, securing and managing all
areas of AI-enhanced connected compute from the chip
to the cloud.
(2) Number of v oting rights
a . Number of voting rights of the specified subsidiary held by the Company before and after the change:
Before: 0 voting rights
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EDINET提出書類
エヌビディアコーポレーション(E26362)
外国会社臨時報告書
After: 1,025,234,000 voting rights
b . Ratio of the voting rights of the specified subsidiary held by the Company to the voting rights held
by all of the shareholders of the specified subsidiary before and after the change:
Before: 0 %
After: 100%
(3 ) Grounds for the change and date of the change
a. Grounds: On September 13, 2020, NVIDIA entered into the Purchase Agreement with NVIDIA
Holdings, Arm, SoftBank and Vision Fund. The Purchase Agreement provides that, upon the terms
and subject to the conditions set forth in the Purchase Agreement, NVIDIA or its designee will
acquire, from the Sellers, all of the allotted and issued ordinary shares of Arm of a par value of
£0.001 (the “Share Purchase”) in a transaction valued at $40 billion. Upon completion of the Share
Purchase, Arm will be a wholly-owned subsidiary and a specified subsidiary of NVIDIA, because
the net assets (i.e., the total shareholders’ equity) of Arm as of March 31, 2020 is more than 30% of
that of NVIDIA as of January 26, 2020.
b. Date: We expect the transaction to close in the first quarter of calendar year 2022.
B. Report under Article 19 Paragraph 2 Subparagraph 6-2 of the Cabinet Office Ordinance Concerning
Disclosure of Particulars.
(1) Matters concerning the counterparty (Arm Limited) of the share exchange transaction
a. Name, address, name of the representative person, amount of stated capital, amount of net assets,
amount of total assets and contents of the business of the counterparty (Arm)
Name
Arm Limited
110 Fulbourn Road, Cambridge CB1 9NJ, UK
Address of headquarter
Name of representative Name: Simon Segars
Title: Chief Executive Officer
Amount of capital (common £ 470,920,000 (JPY 64,751,500,000)
stock and additional paid-in-
capital) (as of 3/31/2020)
Net assets (total shareholders ’ £ 3,473 million (JPY 477,538 million)
equity) (as of 3/31/2020)
Total assets (as of 3/31/2020) £ 4,663 million (JPY 641,163 million)
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EDINET提出書類
エヌビディアコーポレーション(E26362)
外国会社臨時報告書
Nature of business Arm is a British semiconductor and software design
company based in Cambridge, England. Arm
focuses on the design of Arm processors and other
chip designs. Arm technology is at the heart of a
computing and data revolution that is transforming
the way people live and businesses operate. Its
energy-efficient processor designs and software
platforms have enabled advanced computing in more
than 180 billion chips and its technologies securely
power products from the sensor to the smartphone
and the supercomputer. Together with 1,000+
technology partners Arm is at the forefront of
designing, securing and managing all areas of AI-
enhanced connected compute from the chip to the
cloud.
b. Revenues, operating profits, profit before income tax and net income of the counterparty (Arm) for the
recent three fiscal years:
(£ in millions/(JPY millions))
Years ended on March 31, 2020 March 31, 2019 March 31, 2018
Revenue £1,492 £1,388 £1,368
(JPY 205,150) (JPY 190,850) (JPY 188,100)
£34 £75 £99
Operating profit (loss)
(JPY 4,675) (JPY 10,313) (JPY 13,613)
£51 £1,283 £106
Profit (loss) before income taxes
(JPY 7,013) (JPY 176,413) (JPY 14,575)
£(63) £1,015 £31
Net income/(loss)
(JPY (8,663)) (JPY 139,563) (JPY 4,263)
c. Major shareholders of the counterparty (Arm) and their holding ratios (as of September 13, 2020)
Name of shareholder Holding ratio (%)
75.01
SoftBank Group Capital Limited
24.99
SVF Holdco (UK) Limited
(Note): Calculated based on the number of issued and outstanding shares (1,025,234,000 shares) as of
September 13, 2020.
d. Capital, personnel and business relationships with NVIDIA (prior to the closing of the transaction).
Capital relationship Not applicable.
Personnel relationship Not applicable.
Business relationship NVIDIA uses Arm licenses and pays licenses fees
and royalties to Arm.
(2) Purpose of the share exchange transaction
The combination brings together NVIDIA’s leading AI computing platform with Arm’s vast ecosystem
to create the premier computing company for the age of artificial intelligence, accelerating innovation
while expanding into large, high-growth markets. SoftBank will remain committed to Arm’s long-term
success through its ownership stake in NVIDIA, expected to be under 10 percent.
(3) Method of the share exchange transaction, exchange ratio and other matters concerning the share
exchange transaction agreement
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EDINET提出書類
エヌビディアコーポレーション(E26362)
外国会社臨時報告書
NVIDIA or its designee will acquire, from the Sellers, all of the allotted and issued ordinary shares of
Arm of a par value of £0.001. As consideration, NVIDIA will (i) pay the Sellers and Arm $2 billion in
cash (the “Signing Consideration”) upon the signing of the Purchase Agreement as an advance on the
consideration for the Share Purchase and as consideration for an intellectual property license from Arm
to NVIDIA; (ii) pay the Sellers $10 billion in cash (subject to certain deductions and adjustments) at the
closing of the Share Purchase (the “Closing”); (iii) issue to the Sellers 44.3 million shares of NVIDIA’s
common stock, par value $0.001 (“NVIDIA Stock”), at the Closing with an aggregate value of $21.5
billion, as determined by the average daily closing price of NVIDIA Stock for the 30 trading days ending
one trading day prior to the date of the Purchase Agreement; (iv) pay to the Sellers earn out payments of
up to $5 billion in cash or up to 10.3 million shares of NVIDIA Stock (as determined by the average
daily closing price of NVIDIA Stock for the 30 trading days ending one trading day prior to the date of
the Purchase Agreement), contingent on the achievement of certain financial performance targets for
Arm during the fiscal period beginning April 1, 2021 and ending March 31, 2022 and (v) issue restricted
stock units covering NVIDIA Stock with an aggregate value not to exceed $1.5 billion to employees of
Arm following the Closing, in each case in accordance with the terms of the Purchase Agreement. For
other terms and conditions of the transaction, please refer to the Purchase Agreement that is disclosed in
Exhibit 2.1 to Form 8-K filed by the Company with the United States Securities and Exchange
Commission on September 14, 2020.
(4) Grounds for calculation of the exchange ratio (if the calculation was made by a person other than
NVIDIA and Arm, please also describe the name of such person)
Under the terms of the transaction, which has been approved by the boards of directors of NVIDIA, SBG
and Arm, NVIDIA will pay to SoftBank a total of $21.5 billion in NVIDIA common stock and
$12 billion in cash, which includes $2 billion payable at signing. The number of NVIDIA shares to be
issued at closing is 44.3 million, determined using the average closing price of NVIDIA common stock
for the last 30 trading days. Additionally, SoftBank may receive up to $5 billion in cash or common
stock under an earn-out construct, subject to satisfaction of specific financial performance targets by
Arm.
(5) Name, principal office, name of representative, capital amount, net assets, total assets and main
business of the company which becomes a wholly owning parent company in share exchange.
Name
NVIDIA Corporation
Principal office 2788 San Tomas Expressway, Santa Clara,
California 95051 USA
Name of representative Jensen Huang, CEO
Capital amount $929 thousands (JPY 96,495 thousands) (as of January
26, 2020)
Net assets $12,204 million (JPY 1,267,629 million) (as of
January 26, 2020)
Total assets $17,315 million (1,798,509 million) (as of January 26,
2020)
Main business Hardware manufacturer
(6) If any securities (including shares, notes, warrants, convertible bonds and other equity) of which issuer
is not the wholly owning parent company in share exchange shall be allotted as the consideration of
share exchange, details of the issuer of such securities
Not applicable.
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