Press Releases 2008

Announcement Concerning Dissolution of Subsidiary

May 30, 2008

SOFTBANK CORP. (hereinafter ‘The Company’ announces that SOFTBANK TELECOM Corp. (hereinafter ‘SBTM’ a consolidated subsidiary of the Company will dissolve its subsidiary JD CREATE Co., Ltd. (hereinafter ‘JD CREATE’ as follows.

1. Outline of relevant company

(1)Name JD CREATE Co., Ltd.
(2)Location 1-9-1 Higashi-Shimbashi, Minato-ku, Tokyo
(3)Representative Representative Director, President & CEO Hiroyuki Obara
(4)Business activities Sales and operational management of order entry service
(5)Founded August 1, 2006
(6)Capital JPY 150 million
(7)Shares issued 6,000 shares
(8)Principle shareholders and ownership ratio
  • SOFTBANK TELECOM Corp. 51%
  • DAIICHIKOSHO CO., LTD. 49%
(9)Net assets JPY (46) million(as of March 31, 2008)
(10)Total assets JPY 265 million(as of March 31, 2008)
(11)Settlement period March 31
(12)Number of employees 18 (as of March 31, 2008)
(13)Recent earnings results
  FY2006 ended March 31, 2007 FY2007 ended March 31, 2008
Net sales JPY 30 million JPY 372 million
Operating income JPY(140) million JPY(186) million
Ordinary income JPY (141) million JPY (185) million
Net income JPY (141) million JPY (204) million

2. Reason for dissolution

The objective of this joint venture, founded with DAIICHIKOSHO CO., LTD., was the sales and operational management of order entry systems. Since these business operations will be transferred to SBTM, JD CREATE will be dissolved and liquidated.

3. Dissolution schedule

May 30, 2008 Resolve dissolution
September 1, 2008 Complete liquidation (planned)

4. Future outlook

The impact of the dissolution of JD CREATE on the consolidated results is minor.

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