Dismissal of petition for provisional disposition orderAug. 25, 2006
This is to inform that the Tokyo District Court has dismissed today the petition for provisional disposition order which was filed against SOFTBANK CORP. (“SOFTBANK”) and its wholly-owned subsidiary, JAPAN TELECOM CO., LTD. (“JAPAN TELECOM”), by HEISEI DENDEN CO., LTD. (Head office: Shibuya-ku, Tokyo; Representative Director: Kenji Sato, “Creditor”) on November 29, 2004. Details are as follows:
1. Court and date of the petition for provisional disposition order filed and dismissed
|Tokyo District Court||Case(yo) No. 22138 (2004)|
|Petition for provisional disposition order||November 29, 2004|
|Dismissal of the petition for provisional disposition order||August 25, 2006|
2. Name, address and representative’s name of Creditor who filed the petition for provisional disposition order
|(1) Name||Trustee in bankruptcy of HEISEI DENDEN CO., LTD.|
|(2) Address||13th floor, ACROS Fukuoka, 1-1-1, Tenjin, Chuo-ku, Fukuoka|
|(3) Representative’s name||Gen-itsu Kono|
3. Details of the petition for provisional disposition order
Please refer to Press Release of SOFTBANK dated December 21, 2004.
4. Future prospects
Judgment in favor of SOFTBANK and JAPAN TELECOM was given by the Tokyo District Court on March 30, 2006 in relation to principal action filed by Creditor on the same day with the relevant petition for provisional disposition order, which became final and binding. A series of disputes with Creditor, therefore, have been concluded through this dismissal of the petition for provisional disposition order.
This judicial decision has no impact on the financial results of SOFTBANK (both on stand-alone and consolidated basis).
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