Partial Change Relating to Share Repurchase
(Repurchase of Company Shares Pursuant to the Articles of Incorporation and the provisions of Article 165, Paragraph 2 of the Corporate Law)
SOFTBANK CORP. (hereafter “the Company”) announces that at the Board of Directors' meeting held today its Board of Directors resolved the increase of the total cost of shares to be repurchased, in relation to the share repurchase resolved at the Board of Directors' meeting held on July 29, 2010.
The period for share repurchase was extended until July 29, 2011 by resolution at the Board of Directors' meeting held on March 31, 2011.
| Total cost of shares to be repurchased | increased up to JPY 16.0 billion |
|---|
Reference
1. Resolved content at the Board of Directors' meeting held on July 29, 2010
(a) Purpose of share repurchase
To obtain treasury stock for delivery upon the exercise of stock acquisition rights
(b) Details of repurchase
| i. Class of shares to be repurchased | Common stock |
|---|---|
| ii. Number of shares to be repurchased | Up to 4,000,000 shares (representing 0.37% of shares issued (excluding treasury stock)) |
| iii. Total cost of shares to be repurchased | Up to JPY 12.0 billion |
| iv. Method of repurchase | Purchase in the market through a trust bank |
| v. Period for share repurchase | From August 2, 2010 to March 31, 2011 |
2. Resolved content at the Board of Directors' meeting held on March 31, 2011
| Period for share repurchase | extended until July 29, 2011 |
|---|
3. Number of shares repurchased by April 21, 2011 based on the resolution made at Board of Directors' meeting on July 29, 2010 and March 31, 2011.
No shares repurchased during the period.
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