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 September 28, 2011.
1. Purpose of share repurchase
To carry out flexible financial operation in response to changes in the business environment
2. Details of repurchase
| (1) Class of shares to be repurchased | Common stock |
|---|---|
| (2) Number of shares to be repurchased | Up to 8,000,000 shares |
| (3) Total cost of shares to be repurchased | Up to JPY 11.9 billion |
| (4) Method of repurchase | Purchase in the market through a trust bank |
| (5) Period for share repurchase | From October 3, 2011 to September 30, 2012 |
(Reference)
The Company's treasury stock holdings as of August 31, 2011
| Number of shares issued (excluding treasury stock) | 1,107,544,786 shares |
|---|---|
| Number of treasury stock | 183,995 shares |
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