Press Releases 2000

SOFTBANK ANNOUNCES REVISION OF NONCONSOLIDATED RESULTS FORECASTS FOR FISCAL 2001 FIRST HALF

Nov. 20, 2000

Tokyo, Japan, November 20, 2000-SOFTBANK CORP. announced today it had revised its initial nonconsolidated results forecasts for the fiscal 2001 first half, ended September 30, 2000.

1. Revised Interim Nonconsolidated Results Forecasts

For the six months ended September 30, 2000

Millions of yen/%
  Revenues Ordinary income Net income
Initial forecast (A)
(announced May 25, 2000)
0 -1,500 1,500
Revised forecast (B) 0 -600 -800
Increase (decrease) (B-A) - 900 -2,300
Percent change - 60 -
Fiscal 2000 interim results 107,554 10,994 11,520

SOFTBANK has not revised its initial nonconsolidated results forecast for the fiscal 2001 full term, ending March 31, 2001.

2. Reasons for Revision

At the time it announced its initial nonconsolidated results forecasts for the fiscal 2001 first half, SOFTBANK intended to implement a strategic review of its securities portfolio. However, the Company subsequently decided that during the period priority should be given to maintaining its current portfolio.

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