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