Announcement of Selling of SOFTBANK INTERNET TECHNOLOGY FUNDS 1 and 2

SOFTBANK CORP. hereby announces that SOFTBANK FINANCE CORPORATION (Head office: Minato-ku, Tokyo; Representative Director: Yoshitaka Kitao), our wholly owned subsidiary, has sold all the units of both SOFTBANK INTERNET TECHNOLOGY FUNDS 1 and 2, as follows. The net proceeds will be applied to our business fund and others.

1. Outlines of the sale

(1)Units of contribution sold
  • 250 units of SOFTBANK INTERNET TECHNOLOGY FUND 1
  • 250 units of SOFTBANK INTERNET TECHNOLOGY FUND 2
(2) Sales price50.5 billion yen in total
(3) BuyerSOFTBANK INVESTMENT CORPORATION

2. Effect on consolidated financial results

Gains on sale of investment securities would be recognized approximately 9.8 billion yen on a consolidated basis in the 1st quarter of the fiscal year ending March 31, 2006.

  • Releases, announcements, presentations and other information available from this page and elsewhere on this website were prepared based on information available and views held at the time of preparation and speak only as of the respective dates on which they are filed or used by SoftBank Group Corp. or the applicable group company, as the case may be. Such information is subject to change and may become out-of-date. Such information may also contain forward-looking statements which are by their nature subject to various risks and uncertainties that may cause actual results and future developments to differ materially from those expressed or implied by such statements. Please read legal notices in its entirety prior to viewing any information available on this website.

  • 公式Xアカウント
  • 公式LinkedInページ
  • 公式LINEアカウント