Dilution Gain from Changes in Equity Interest

May 10, 2006

SOFTBANK CORP. (“the Company”) has integrated the Internet business in China in October 2005 with Alibaba.com Corporation, its affiliate company (head office: Hong Kong, China; representative: Jack Ma), and Yahoo! Inc. (head office: California, U.S.A., representative: Terry Semel) based on the agreement described in the news release “Strategic Partnership for Internet Business in China”, which was announced on 11th August, 2005. The Company recognized dilution gain from changes in equity interest due to a series of capital transactions along with this integration as follows:

1. Impact on consolidated financial results

Due to these capital transactions, the Company recognized dilution gain from changes in equity interest of 9.8 billion yen as special income on a consolidated basis in the forth quarter for the fiscal year ended March 2006.

* Though the series of capital transactions was made in October 2005, the Company recognized in the forth quarter for the fiscal year ended March 2006 since it required some time to finalize the capital transaction amount.

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 Such information is subject to change and may become out-of-date.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.