Comments on certain media coverage
Certain news media on November 22, 2006 covered about SOFTBANK AM CORPORATION (“SBAM”), a wholly-owned subsidiary of SOFTBANK CORP.(“SOFTBANK”).
Normal income tax inspection of SBAM (former SOFTBANK FINANCE CORPORATION) for the fiscal year ended March 2005 was conducted and certain transactions were pointed out. Even though disagreement remains between the tax authority and SBAM, SBAM followed the authority’s instruction, and revised its income report. The points made by the authority were about several carry-overs and asset evaluation. No payment of back taxes or heavy additional tax is required to SBAM.
SOFTBANK expects impacts neither on stand-alone financial results of SBAM nor on consolidated financial results of SOFTBANK.
- * SBAM has changed its company name to SOFTBANK TELECOM SALES Corp. on October 2006 along with its business change.
-
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 Such information is subject to change and may become out-of-date.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.
