SOFTBANK announces the sale of its shares held in U.S. Morningstar, Inc.
SOFTBANK CORP. (the “Company”) announces that its wholly-owned subsidiary, SOFTBANK FINANCE CORPORATION (head office: Minato Ward, Tokyo, representative: Yoshitaka Kitao) sold its all shares held in U.S. Morningstar, Inc.
1. Outline of sale
| (1) Shares for sale | 7,528,860 common shares held in U.S. Morningstar, Inc. |
|---|---|
| (2) Sale price | 9.4 billion yen |
2. Effect on consolidated financial results
Gain on sale of investment securities would be recognized approximately 3.8 billion yen on a consolidated basis in the 1st quarter for the fiscal year ending March 31, 2006.
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