Resolution Regarding 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 its Board of Directors resolved the repurchase of the Company's own shares pursuant to Article 156 of the Corporate Law of Japan as applied pursuant to Article 165, Paragraph 3 on August 9, 2011.
1. Purpose of share repurchase
To prepare for the exercise of stock acquisition rights
2. Details of repurchase
| (1) Class of shares to be repurchased | Common stock |
|---|---|
| (2) Number of shares to be repurchased | Up to 4,000,000 shares (representing 0.36% of shares issued (excluding treasury stock)) |
| (3) Total cost of shares to be repurchased | Up to JPY 20.0 billion |
| (4) Method of repurchase | Purchase in the market through a trust bank |
| (5) Period for share repurchase | From August 10, 2011 to July 31, 2012 |
Reference
The Company's treasury stock holdings as of June 30, 2011
| Number of shares issued (excluding treasury stock) | 1,107,545,459 shares |
|---|---|
| Number of treasury stock | 183,322 shares |
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