Press Releases 2005

Announcement on Business and Capital Alliance with INVOICE INC.

Aug. 10, 2005

SOFTBANK CORP. announces that the company has reached a basic agreement with INVOICE INC. (Head office: Minato-ku, Tokyo; President and CEO :Ikuo Kimura, hereinafter "Invoice") to enter into a basic consensus on the Business and Capital Alliance Agreement under the following terms and conditions

1. Objective of the Business and Capital Alliance with Invoice

Invoice is successful in the telecommunication business, having good relationship with corporate customers and strong sales forces, principally in the field of integrated communication services for corporate users. The main objective of the alliance is to achieve a rapid growth in terms of customer base, sales and profitability in our fixed-line telecommunication business, by making full use of Invoice’s sales and marketing networks.

2. Outline of the Business Alliance with Invoice

  • (1) JAPAN TELECOM CO., LTD., wholly-owned subsidiary of the company (Head office: Minato-ku, Tokyo; President and CEO :Hideki Kurashige, hereinafter "Japan Telecom") and Invoice will establish a joint venture company to be called "JAPAN TELECOM INVOICE Co., Ltd." This joint venture enhances sales promotion of "Otoku Line" along with its billing and settlement services.

  • (2)Outline of the joint venture company

    Head Office 1-9-1, Higashi-Shimbashi, Minato-ku, Tokyo
    Representative Ikuo Kimura
    Capital 10 billion yen
    Controlling shares
    • Japan Telecom: 14.9%
    • Invoice: 85.1%
    (Amount of capital contribution by Japan Telecom: 1,490 million yen)

3. Outline of the Capital Alliance with Invoice

For the purpose of making our current collaborative business relationship even closer, the company will make a new capital investment in Invoice.

Method of capital investment allocation of new shares to the company.
Type of new shares Ordinary Shares, 450,857 shares
Issuing Price 11,090 yen, being the average closing price of Tokyo Stock Exchange 1st Division during the period from May 11, 2005 to August 9, 2005 (with any fraction of less than 10 yen being rounded up), or, the closing stock price as on the date of execution of the Agreement (August 9, 2005), whichever is lower.
Amount of Capital Investment About 5 billion yen
Controlling share about 5 %
Due date of payment August 31, 2005
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