Press Releases 2008

(Supplementary explanation) Announcement Concerning Partial Changes in the Articles of Incorporation

May 12, 2008

SOFTBANK CORP. (hereinafter “SOFTBANK” announced the “Partial Changes in the Articles of Incorporation” in the press release issued on May 8, 2008. After this announcement, we have been receiving quite a few inquiries from shareholders and investors on the possibility of equity financing using preferred stock based on the description of “The preferred stock will enable SOFTBANK to exercise flexible financing” in this press release.

At the present, SOFTBANK has no particular business or investment projects which require equity financing, and does not have any intention of equity financing in the meantime.

SOFTBANK’s basic policy is to strive to increase shareholder return by augmenting enterprise value and to return our profits to our shareholders and other stakeholders in a fair way. SOFTBANK will continue to make efforts to return profit in various ways to shareholders, and keep endeavoring to expand the business and improve shareholders' value by maximizing the cash flow.

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