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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
  • SOFTBANK TELECOM Corp. 51%
  • DAIICHIKOSHO CO., LTD. 49%
(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.

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 Such information is subject to change and may become out-of-date.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