SOFTBANK announces the sale of its shares held in Club iT CorporationSep. 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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