Dilution Gain from Changes in Equity InterestMay 10, 2006
SOFTBANK CORP. (“the Company”) has integrated the Internet business in China in October 2005 with Alibaba.com Corporation, its affiliate company (head office: Hong Kong, China; representative: Jack Ma), and Yahoo! Inc. (head office: California, U.S.A., representative: Terry Semel) based on the agreement described in the news release “Strategic Partnership for Internet Business in China”, which was announced on 11th August, 2005. The Company recognized dilution gain from changes in equity interest due to a series of capital transactions along with this integration as follows:
1. Impact on consolidated financial results
Due to these capital transactions, the Company recognized dilution gain from changes in equity interest of 9.8 billion yen as special income on a consolidated basis in the forth quarter for the fiscal year ended March 2006.
- *Though the series of capital transactions was made in October 2005, the Company recognized in the forth quarter for the fiscal year ended March 2006 since it required some time to finalize the capital transaction amount.
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