Resolution Regarding Share Repurchase (Repurchase of Company Shares Pursuant to the Articles of Incorporation and the Provisions of Article 165, Paragraph 2 of the Companies Act)
SoftBank Corp. (the “Company”) announces that its Board of Directors resolved the repurchase of the Company's own shares pursuant to Article 156 of the Companies Act of Japan as applied pursuant to Article 165, Paragraph 3, at the Board of Directors' meeting held on July 25, 2013.
1. Purpose of share repurchase
To obtain treasury stock for delivery upon 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 4,490,000 shares (representing 0.38% of shares issued (excluding treasury stock)) |
| (3) Total cost of shares to be repurchased | Up to JPY 32.5 billion |
| (4) Method of repurchase | Purchase in the market through a trust bank |
| (5) Period for share repurchase | From July 31, 2013 to December 31, 2013 |
Reference
The Company's treasury stock holdings as of June 30, 2013
| Number of shares issued (excluding treasury stock) | 1,191,595,394 shares |
|---|---|
| Number of treasury stock | 9,064,971 shares |
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