That makes it sound 50/50, but it's more diluted than that - Yahoo Inc. only owns 35.15% of Yahoo Japan. Softbank owns a little more - 35.86%. The rest is owned by much smaller shareholders.
SBBM is Softbank as well, so Softbank actually owns over 42% of Yahoo! Japan. In practice it's really Softbank's internet content and portal service in Japan that also leverages Yahoo! Inc. technology as needed as well as their brand.
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That makes it sound 50/50, but it's more diluted than that - Yahoo Inc. only owns 35.15% of Yahoo Japan. Softbank owns a little more - 35.86%. The rest is owned by much smaller shareholders.
See the bottom table in http://ir.yahoo.co.jp/en/holder/status.html
SBBM is Softbank as well, so Softbank actually owns over 42% of Yahoo! Japan. In practice it's really Softbank's internet content and portal service in Japan that also leverages Yahoo! Inc. technology as needed as well as their brand.