KDDI CORPORATION
February 20,2024
-- KDDI announces that its consolidated subsidiary, SORACOM, INC. (Headquarters: Minato-ku, Tokyo, CEO: Ken Tamagawa, hereinafter SORACOM) has been approved for a new listing on the Tokyo Stock Exchange Growth Market as of February 20, 2024. The listing date is scheduled for March 26, 2024.
SORACOM joined the KDDI Group in August 2017. Since then, SORACOM has grown its IoT business. SORACOM, an IoT connectivity platform, is being utilized as a communication service that connects over 6 million devices [
1] across various industries such as energy, manufacturing, finance, consumer products, healthcare, and agriculture, by over 20,000 customers worldwide. From day one, SORACOM has been aiming to become a global platform which supports customers who create a connected society.
KDDI, a shareholder of SORACOM, along with SECOM CO., LTD., Sourcenext Corporation, Sony Group Corporation, Nippon Gas Co., Ltd. (NICIGAS), Hitachi, Ltd., and World Innovation Lab (WiL), will support the listing of globally viable startup companies like SORACOM and will continue to proactive support SORACOMs growth.
Please note that the impact of this matter on our consolidated performance is minimal.
Company Info Company Name SORACOM, INC.
Address 9F Sumitomo Fudosan Motoakasaka Bldg 1-5-12, Motoakasaka Minato-ku, Tokyo, Japan
Name and Title of Representative Ken Tamagawa CEO
Main Business Providing the IoT platform SORACOM
Capital Stock 3,727 million yen (including capital reserve)
Date of establishment November 2014
[1]
Total number of SORACOM Air connections including those provided by international entities, SORACOM Air for Cellular, Sigfox, and LoRaWAN.
News release on October 25, 2023
Contracted Connections for IoT Platform SORACOM Surpass 6 million (in Japanese only)
The information contained in the news releases is current at the time of publication. Products, service fees,service content and specifications, contact information, and other details are subject to change without notice.
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