Press Releases 2004

SOFTBANK announces dissolution of its subsidiary

Oct. 1, 2004

SOFTBANK CORP. (the “Company”) announces that SOFTBANK FINANCE COPORATION (Head office: Minato-ku, Tokyo; Representative: Yoshitaka Kitao; SBF), a wholly-owned subsidiary of the Company, decided the dissolution of SOFTBANK Finance America Corporation (“SBFA”), a subsidiary of SBF. The Company also announces that SOFTBANK INVESTMENT CORPORATION (Head office: Minato-ku, Tokyo; Representative: Yoshitaka Kitao; SBI), a subsidiary of SBF, decided the dissolution of SOFTBANK INVESTMENT AMERICA CORPORATION (“SBIA”), a subsidiary of SBI.

1. Dissolution of SOFTBANK Finance America Corporation

(1) Outline of the Subsidiary

Trade name SOFTBANK Finance America Corporation
Address Delaware, U.S.A.
Representative President: Robert Takeuchi
Type of business Asset management
Established July 1999
Common stock 10 U.S. dollars
Shareholder SBF 100%
Schedule of dissolution March 2005 (expected)

(2) Reasons for the dissolution

SBFA has gathered and provided information to SBF regarding its investment destination companies in the U.S.A. SBF will manage the business in the future instead of SBFA and decided the dissolution to make the group’s business more efficient.

2. Dissolution of SOFTBANK INVESTMENT AMERICA CORPORATION

(1) Outline of the Subsidiary

Trade name SOFTBANK INVESTMENT AMERICA CORPORATION
Address Delaware, U.S.A.
Representative President: Robert Takeuchi
Type of business Asset management
Established August 1996
Common stock 100 U.S. dollars
Shareholder SBI 100%
Schedule of dissolution March 2005 (expected)

(2) Reasons for the dissolution

SBIA was established for the purpose of providing support to SBI’s investment activities in the U.S.A. However, SBI decided the dissolution to make the group’s business more efficient since SBI currently manages the business itself.

3. Impact on business results

The dissolution shall have negligible effect on the Company’s results.

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