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SOFTBANK CORP.

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Press Releases 2005

SOFTBANK announces the sale of its shares held in Advanced Media, Inc.

Jul. 15, 2005

SOFTBANK CORP. announces that SOFTBANK BB CORP. (our wholly-owned subsidiary, head office: Minato-ku, Tokyo, representative: Masayoshi Son) sold its all shares held in Advanced Media, Inc.

1. Outline of sale

(1) Shares for sale 2,700 shares held in Advanced Media, Inc.
(2) Sale price Approximately 2.8 billion yen

2. Effect on consolidated financial results

Gain on sale of investment securities would be recognized approximately 2.8 billion yen on a consolidated basis in the 2nd quarter for the fiscal year ending March 31, 2006.

  • *The information is true and accurate at the time of publication.
    Price, specification, contact and other information of products and service may be subjected to change. The information contains certain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements.