Press Releases 2002

Concerning Some of News Reports of 17th April 2002

Apr. 17, 2002

In a news report today the stock sell-off of Yahoo! Inc. USA was ascribed to “financial difficulties because of its discredit”.

In reality, the stock sell off of this time was carried out as previously scheduled as part of financial improvement plan already underway.

The sell-off was in line with the scheduled reduction from 340 billion yen of net interest liabilities (liabilities with interest payable-liquidity*) as of the end of last September, to under 200 billion yen — an objective that is expected to be achieved before long.

  • *liquidity --- cash and deposit + stocks and bonds(liquid assets)
  • Releases, announcements, presentations and other information available from this page and elsewhere on this website were prepared based on information available and views held at the time of preparation and speak only as of the respective dates on which they are filed or used by SoftBank Group Corp. or the applicable group company, as the case may be. Such information is subject to change and may become out-of-date. Such information may also contain forward-looking statements which are by their nature subject to various risks and uncertainties that may cause actual results and future developments to differ materially from those expressed or implied by such statements. Please read legal notices in its entirety prior to viewing any information available on this website.