Press Releases 2004

SOFTBANK announces dissolution of its subsidiary

May 25, 2004

SOFTBANK CORP. announces that Net Vintage Corporation (the “Subsidiary”), a wholly-owned subsidiary of SOFTBANK BB Corp. (Head office: Chuo-ku, Tokyo; Representative: Masayoshi Son), decided today on its dissolution.

1. Outline of the Subsidiary

Trade name Net Vintage Corporation
Address 24-1, Nihonbashi-Hakozakicho, Chuo-ku, Tokyo
Representative President & CEO, Shinichi Shimokawahara
Type of business Internet access service and support service, debt collection
Established August 2001
Common stock 10,000,000 yen
Shareholder SOFTBANK BB Corp. 100%
Schedule of dissolution Liquidation is expected to be completed by the end of September 2004.

2. Reasons for the dissolution

The Subsidiary was a narrowband Internet access service provider. With the recent diffusion of the broadband Internet connection, the number of the Subsidiary’s customers had been decreasing and decision was made that it would be difficult to make a profit in the future.

3. Impact on business results

The dissolution shall have negligible effect on SOFTBANK CORP.’s results.

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