Press Releases 2005

Dilution Gain from Changes in Equity Interest Accompanied by Issue of New Shares to a third-party in SBI Holdings, Inc.

Sep. 5, 2005

SOFTBANK CORP.(the “Company”) reported estimated dilution gain from changes in equity interest due to the new share issuance for a third party by SBI Holdings, Inc. (Head Office: Minato-ku, Tokyo; Representative: Yoshitaka Kitao), affiliated company under the equity method of the Company.

1. Outline of the new share issuance for a third-party

Issue price 37,069 yen per share
Number of newly issued shares Common shares 347,861 shares
Allottee ZEPHYR Co., Ltd

2. Change in share ownership by SOFTBANK Group due to new share issuance

  Share ownership ratio Number of shareholdings* Number of total outstanding shares
Before new share issuance
(as of July 31, 2005)
37.69% 3,245,811.21 shares 8,611,628.06 shares
After new share issuance
(estimated as of September 29, 2005)
36.23% 3,245,811.21 shares 8,959,489.06 shares
  • *Indirect holdings through SOFTBANK AM CORPORATION. (wholly owned subsidiary)

3. Effect on consolidated financial results

Due to the new share issuance for a third party, the Company is expected to be recognized approximately 2.8 billion yen in dilution gain from changes in equity interest as the Company’s special profit on a consolidated base in the 2nd quarter for the fiscal year ending March 31, 2006.

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