Press Releases 2008

Announcement on underwriting capital increase by third-party allotment

Dec. 24, 2008

SOFTBANK CORP., (hereafter ‘the Company’) announces that it has agreed to underwrite capital increase by third-party allotment of new shares issued by App TOKYO (Head office; Chuo-ku, Tokyo, President & CEO; Akihiro Yokoi) and APPLIYA Inc., (Head office; Minato-ku, Tokyo, CEO; Haleo Shiiya). Both companies provide applications for ‘iPhone™ 3G (by Apple).’

The two companies have been developing various applications of high quality for ‘iPhone™ 3G.’ The Company will provide total support through forming a partnership with the two companies.

1.Outline of investment in App TOKYO

(1)Description of underwriting capital increase by third-party allotment

Number of underwriting shares 114
Total amount of value 29,999,898 yen(Issue price per share: 263,157 yen)
Date of payment December 26, 2008
Ownership after acquisition of shares 36.3%

(2)Corporate profile of App TOKYO

Business Planning, manufacturing and sale of content using multi media network
Founded December 8, 2008
Representative Akihiro Yokoi, President & CEO
Location 3-42-3, Hamacho, Chuo-ku, Tokyo
Capital stock 24,999,949 yen (after capital increase)

2.Outline of investment in APPLIYA Inc.

(1)Description of underwriting capital increase by third-party allotment

Number of underwriting shares 114
Total amount of value 29,999,898 yen(Issue price per share: 263,157 yen)
Date of payment December 26, 2008
Ownership after acquisition of shares 36.3%

(2)Corporate profile of APPLIYA Inc.

Business Planning, manufacturing and sale of content using multi media network
Founded April 12, 2007
Representative Haleo Shiiya, CEO
Location 6-8-10, Roppongi, Minato-ku, Tokyo
Capital stock 25,000,000 yen (after capital increase)
[Notes]
  • *©2008 Apple Inc. All rights reserved. Apple, the Apple logo, Mac, Mac OS, Macintosh and iPhone are trademarks of Apple. Other company and product names may be trademarks of their respective owners.
  • *SOFTBANK, SOFTBANK's equivalent in Japanese and the SOFTBANK logo are registered trademarks or trademarks of SOFTBANK CORP. in Japan and other countries.
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