Press Releases

Transfer of Shares Held by SOFTBANK CORP. to its Wholly-owned Subsidiary

SOFTBANK CORP. (hereinafter ‘The Company’) announces that it has passed a resolution to transfer shares held by the Company as stated below.

1. Reason for transfer

As part of the business strategies of the SOFTBANK Group, the Company transfers a part or all of the shares of 3 companies held by the Company to SBBM Corporation, a wholly-owned subsidiary of the Company.

2. Details of the shares to be transferred

NameYahoo Japan CorporationINVOICE INC.M.P.Technologies, Inc
Business description
  • Internet advertising business
  • e-Commerce business
  • member service business
  • other businesses
  • Corporate communications integration (consolidated billing of communication charges) services
  • Residential communications integration services
  • Other consolidated billing services
  • Design of glass wool ducts for air-conditioning and clean rooms
  • Provision of broadband services to hotels
  • Provision of enterprise solutions to companies
Number of shares held before transfer24,853,824 shares
(ownership 41.09%)
(ownership 3.9%)
(ownership 15.89%)
Number of shares to be transferred557,620 shares450,857 shares8,595 shares
Number of shares to be held after transfer24,296,204 shares
(ownership 40.17%)
(ownership 0%)
(ownership 0%)

3. Transferee of the shares

(1)Corporate nameSBBM Corporation
(2)RepresentativeKen Miyauchi
(3)Address of the head office1-9-1, Higashi-shimbashi, Minato-ku, Tokyo
(4)FoundationMarch, 2000

4. Schedule of transfer

Date of conclusion of Agreement of ShareMarch 27, 2008
Transfer Date of transferMarch 27, 2008

5. Impact on business results

Associated with this transfer of shares, the Company estimates to record approximately JPY 29.8 billion of profit on sale of shares of affiliated companies as special income, approximately JPY 0.3 billion of loss on sale of shares of affiliated companies as special loss and approximately JPY 1.7 billion of valuation loss on investment securities in the closing results for FY2007 ending in March 2008 on non-consolidated basis. As for the closing results on consolidated basis, the aforementioned gain/loss on sale of shares of affiliated companies will balance each other as out internal transactions.

  • 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.

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