Equity in earnings under the equity Method by issue of new shares in E*TRADE SECURITIES Co., Ltd.
SOFTBANK CORP. (the “Company”) announced today that equity in earnings under the equity method accompanied by public offering of shares in E*TRADE SECURITIES Co., Ltd. (Head office: Minato-ku, Tokyo; Representative: Taro Izuchi), consolidated subsidiary of SBI Holdings, Inc. (Head office: Minato-ku, Tokyo; Representative: Yoshitaka Kitao), affiliated company under the equity method of the Company, would be expected to be recognized as below.
1. Outline of public offering
| Price of public offering | 683,380 yen per share |
|---|---|
| Number of shares to be issued | 66,000 shares |
- *1 The above number of shares does not count the shares to be sold by secondary offering through over-allotment.
- *2 For more details, refer to the press release by E*TRADE SECURITIES Co., Ltd. as of December 8, 2005 (in Japanese).
2. Impact on consolidated financial results
The Company estimates equity in earnings under the equity method of approximately 75 billion yen will be recognized as non-operating income in the 3rd quarter for the fiscal year ending March 31, 2006.
Reference
The SOFTBANK Group holds 35.6% of shares in SBI Holdings, Inc. as of today.
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