Press Releases 2005

SOFTBANK announces the sale of its shares held in Club iT Corporation

Sep. 14, 2005

SOFTBANK CORP. announces that Club iT Holdings Corporation (head office: Minato-ku, Tokyo, representative: Makoto Matsumoto), a wholly-owned subsidiary of SOFTBANK Broadmedia Corporation (our wholly-owned subsidiary, head office: Minato-ku, Tokyo, representative: Taro Hashimoto), sold its shares held in Club iT Corporation.

1. Outline of sale

(1) Shares for sale 2,000,000 shares held in Club iT Corporation
(2) Sale price Approximately 4.6 billion yen

2. Change in share ownership by SOFTBANK Group due to the selling

  Number of shareholdings Share ownership ratio
Before the selling 13,598,400 shares 80.06%
After the selling 11,598,400 shares 68.29%

3. Effect on consolidated financial results

Gain on sale of investment securities would be recognized approximately 4.4 billion yen on a consolidated basis in the 2nd quarter for the fiscal year ending March 31, 2006.

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