SOFTBANK announces the sale of its shares held in Club iT Corporation
SOFTBANK CORP. announces that Club iT Holdings Corporation (head office: Minato-ku, Tokyo, representative: Makoto Matsumoto), a wholly-owned subsidiary of SOFTBANK Broadmedia Corporation (our wholly-owned subsidiary, head office: Minato-ku, Tokyo, representative: Taro Hashimoto), sold its shares held in Club iT Corporation.
1. Outline of sale
| (1) Shares for sale | 2,000,000 shares held in Club iT Corporation |
|---|---|
| (2) Sale price | Approximately 4.6 billion yen |
2. Change in share ownership by SOFTBANK Group due to the selling
| Number of shareholdings | Share ownership ratio | |
|---|---|---|
| Before the selling | 13,598,400 shares | 80.06% |
| After the selling | 11,598,400 shares | 68.29% |
3. Effect on consolidated financial results
Gain on sale of investment securities would be recognized approximately 4.4 billion yen on a consolidated basis in the 2nd quarter for the fiscal year ending March 31, 2006.
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