Press Releases 2005

SOFTBANK Announces New Management Structures of Fukuoka Softbank Hawks Corp and Fukuoka Softbank Hawks Marketing Corp.

Jan. 28, 2005

SOFTBANK CORP. (“the Company”) is pleased to announce that the new management structures of Fukuoka Softbank Hawks Corp. and Fukuoka Softbank Hawks Marketing Corp. have been decided as follows. Both are consolidated subsidiaries of the Company.

I. Fukuoka Softbank Hawks Corp.

1. Share Transfer

The share transfer was completed on January 28, 2005, and Fukuoka Softbank Hawks Corp. has become a consolidated subsidiary of the Company.

Overview

Capital 100 million yen
Number of shares outstanding 14,720,000
Number of shares owned by the Company 14,432,000 (approximately 98%)
Value of business 15 billion yen

2. New Management Structure of Fukuoka Softbank Hawks

The new management structure of Fukuoka Softbank Hawks is as follows.

Director & Owner Masayoshi Son
Representative Director, President & Deputy Owner Kazuhiko Kasai
Director, Executive Vice President & General Manager Sadaharu Oh
Executive Managing Director & Representative of Baseball Team Masashi Tsunoda
Executive Managing Director & Manager of the Strategic Planning Division Takanori Takeuchi
Director Yasumasa Matsuoka
Director Itaru Kobayashi

II. Fukuoka Softbank Hawks Marketing Corp.

1. Concerning Business Transfer

Fukuoka Softbank Hawks Marketing Corp. (“FSBHM”) concluded a business transfer agreement with Hawks Town Co. (“HT”) on January 28, 2005 for the transfer of businesses related to the Dome business from HT.

2. Reason for Business Transfer

As the Company will acquire shares in the Fukuoka Daiei Hawks ("Hawks"), a professional baseball team, it will be able to integrate the management of the baseball team and the operation of baseball performance under the Softbank Group once FSBHM has received the Dome business from HT, which holds rights related to the baseball performance of Hawks.

3. Content of Business Transfer

(1) Content of Business to Be Transferred

Management and administration, etc of sport facilities including a baseball stadium
(Management and administration, etc of businesses associated with the Fukuoka Dome)

(2) Operating Results of Business to Be Transferred

  Term ended February 2004 Term ended February 2005 <Interim results>
Sales 17,581 million yen 12,049 million yen
Gross profit 12,889 million yen 9,006 million yen
Operating profit 2,622 million yen 1,568 million yen
Ordinary profit 2,622 million yen 1,568 million yen

(3) Items and Amounts of Assets and Liabilities to Be Transferred

Not yet determined at this point and will be announced as soon as they are fixed

(4) Value of Business Transfer

15 billion yen

(5) Overview of Hawks Town Co.

As of August 31, 2004
Company name Hawks Town Co.
Main businesses Management and administration, etc of Hawks Town Mall, The Fukuoka Dome and Sea Hawk Hotel & Resort
Established July 15, 1989
Head office 2-2-2, Jigyohama, Chuo-ku, Fukuoka-shi, Fukuoka
Representative Toshio Masui
Capital 38,750,624 thousand yen
Number of employees 551 (excluding part-time employees)
Principal shareholder and shareholding ratio Colony Fukuoka Limited 100%
Relationship with the Company None

(6) Schedule

January 28, 2005

Conclusion and execution of the business transfer agreement

4. New Management Structure of Fukuoka Softbank Hawks Marketing Corp.

The new management structure of Fukuoka Softbank Hawks Marketing Corp. is as follows.

Director & Chairman Kazuhiko Kasai
Representative Director & President Yasumasa Matsuoka
Executive Managing Director Takanori Takeuchi
Director Ken Miyauchi
Director Hiroaki Kitano
Director Itaru Kobayashi

5. Concerning Lease Agreement of Baseball Stadium

On January 28, 2005, FSBHM has decided to conclude a lease agreement for the Fukuoka Dome with HT along with the business transfer mentioned above.

(1) Content of Leased Assets

Name The Fukuoka Dome
Location 2-2-2, Jigyohama, Chuo-ku, Fukuoka-shi, Fukuoka

(2) Content of Agreement

Lease amount Annually 4,800 million yen
Contract term 20 years

However, the lease amount will be reviewed every five years. In addition, FSBHM holds the right to extend the contract term by ten years after the lapse of the original contract term of 20 years.

(3) Schedule

January 28, 2005

Conclusion and execution of the lease agreement

Reference

Fukuoka Softbank Hawks Marketing Corp.

Location of head office 2-2-2, Jigyohama, Chuo-ku, Fukuoka-shi, Fukuoka
Representative Yasumasa Matsuoka
Type of business Management and administration of sport facilities, etc including a baseball stadium and contents delivery of video, sound and data, etc, using various media
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