Press Releases 2006

Partial correction of consolidated financial report for the fiscal year ended March 31, 2006

Jun. 7, 2006

SOFTBANK CORP. (“SOFTBANK”) has made the following correction to its consolidated financial report for the fiscal year ended March 31, 2006, originally released on May10, 2006.

Revised figures are underlined.

Page 41; Leases

1.Capital leases in which the ownership of leased assets is not transferred to lessees at the end of lease periods (as a lessee)

(1) Amounts equivalent to acquisition costs, accumulated depreciation and net book value at the end of each fiscal year are as follows:

  As of March 31, 2006 As of March 31, 2005
Before revisions
Telecommunications equipment and telecommunications service lines
Net book value 111,473 million yen 149,996 million yen
Equivalent to acquisition costs 197,727 195,681
Less:
Amount equivalent to accumulated depreciation
(64,869) (45,685)
Amount equivalent to accumulated impairment loss (21,384) -
Buildings and structures
Net book value 44,324 million yen 46,706 million yen
Equivalent to acquisition costs 46,999 47,056
Less:
Amount equivalent to accumulated depreciation
(2,674) (349)
Amount equivalent to accumulated impairment loss - -
Property and equipment - others
Net book value 6,245 million yen 5,644 million yen
Equivalent to acquisition costs 13,604 15,938
Less:
Amount equivalent to accumulated depreciation
(5,700) (10,293)
Amount equivalent to accumulated impairment loss (1,657) -
Intangible assets
Net book value 1,097 million yen 1,651 million yen
Equivalent to acquisition costs 2,624 2,727
Less:
Amount equivalent to accumulated depreciation
(1,238) (1,076)
Amount equivalent to accumulated impairment loss (287) -
Total
Net book value 163,141 million yen 203,999 million yen
Equivalent to acquisition costs 260,955 261,404
Less:
Amount equivalent to accumulated depreciation
(74,483) (57,404)
Amount equivalent to accumulated impairment loss (23,329) -
After revisions
Telecommunications equipment and telecommunications service lines
Net book value 111,473 million yen 149,996 million yen
Equivalent to acquisition costs 197,727 195,681
Less:
Amount equivalent to accumulated depreciation
(64,550) (45,685)
Amount equivalent to accumulated impairment loss (21,703) -
Buildings and structures
Net book value 44,324 million yen 46,706 million yen
Equivalent to acquisition costs 46,999 47,056
Less:
Amount equivalent to accumulated depreciation
(2,674) (349)
Amount equivalent to accumulated impairment loss - -
Property and equipment - others
Net book value 6,245 million yen 5,644 million yen
Equivalent to acquisition costs 13,604 15,938
Less:
Amount equivalent to accumulated depreciation
(5,700) (10,293)
Amount equivalent to accumulated impairment loss (1,657) -
Intangible assets
Net book value 1,097 million yen 1,651 million yen
Equivalent to acquisition costs 2,624 2,727
Less:
Amount equivalent to accumulated depreciation
(1,238) (1,076)
Amount equivalent to accumulated impairment loss (287) -
Total
Net book value 163,141 million yen 203,999 million yen
Equivalent to acquisition costs 260,955 261,404
Less:
Amount equivalent to accumulated depreciation
(74,164) (57,404)
Amount equivalent to accumulated impairment loss (23,648) -
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