Press Releases

Announcement Concerning Dissolution of Subsidiary

SOFTBANK CORP. (hereinafter ‘The Company’ announces that SOFTBANK TELECOM Corp. (hereinafter ‘SBTM’ a consolidated subsidiary of the Company will dissolve its subsidiary JD CREATE Co., Ltd. (hereinafter ‘JD CREATE’ as follows.

1. Outline of relevant company

(1)NameJD CREATE Co., Ltd.
(2)Location1-9-1 Higashi-Shimbashi, Minato-ku, Tokyo
(3)RepresentativeRepresentative Director, President & CEO Hiroyuki Obara
(4)Business activitiesSales and operational management of order entry service
(5)FoundedAugust 1, 2006
(6)CapitalJPY 150 million
(7)Shares issued6,000 shares
(8)Principle shareholders and ownership ratio
(9)Net assetsJPY (46) million(as of March 31, 2008)
(10)Total assetsJPY 265 million(as of March 31, 2008)
(11)Settlement periodMarch 31
(12)Number of employees18 (as of March 31, 2008)
(13)Recent earnings results
 FY2006 ended March 31, 2007FY2007 ended March 31, 2008
Net salesJPY 30 millionJPY 372 million
Operating incomeJPY(140) millionJPY(186) million
Ordinary incomeJPY (141) millionJPY (185) million
Net incomeJPY (141) millionJPY (204) million

2. Reason for dissolution

The objective of this joint venture, founded with DAIICHIKOSHO CO., LTD., was the sales and operational management of order entry systems. Since these business operations will be transferred to SBTM, JD CREATE will be dissolved and liquidated.

3. Dissolution schedule

May 30, 2008Resolve dissolution
September 1, 2008Complete liquidation (planned)

4. Future outlook

The impact of the dissolution of JD CREATE on the consolidated results is minor.

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