Press Releases 2009

Notification on Recognition of Valuation Loss on Investments in Affiliates and Provision for Allowance for Doubtful Accounts (Non-consolidated)

April 23, 2009

SOFTBANK CORP., (hereinafter ‘the Company’) announces that the Company will recognize valuation loss on investments in affiliates and provision for allowance for doubtful accounts for the fiscal year ended March 2009 on a non-consolidated basis as stated below.

1. Outline of valuation loss on investments in affiliates

The Company will recognize valuation loss due to impairment on investments in certain affiliates whose market or actual value has significantly declined.

 Non-consolidated
(A)Total amount of valuation loss on investments in affiliates in the fiscal year ended March 2009 JPY 9,852 million
(B)Amount of equity in the fiscal year ended March 2008 JPY 415,403 million
(A/B00) 2.4%
(C)Average ordinary income of 5 most recent fiscal years JPY 2,542 million
(A/Cラ100) 387.5%
(D)Net income in the fiscal year ended March 2008 JPY 6,474 million
(A/Dラ100) 152.2%
[Note]
  • * The Company's fiscal year end is on March 31.

2. Outline of provision for allowance for doubtful accounts

The Company will recognize JPY 2,612 million of allowance for doubtful accounts against loans made by the Company to its affiliates after examining their financial position and management results for the fiscal year ended March 2009 on a non-consolidation basis.

3. Future outlook

The Company will record JPY 9,852 million of valuation loss on investments in affiliates as special loss and JPY 2,612 million of provision for allowance for doubtful accounts as other non-operating expenses on a non-consolidated basis for the fiscal year ended March 2009.
Impact to the consolidated earnings results of the Company will be as minor as JPY 832 million since loss in consolidated subsidiaries and equity-method affiliates has been already reflected in the consolidated earnings.

The announcement of the Company's earnings results is scheduled to take place on Thursday April 30, 2009.

END

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