Dilution Gain from Changes in Equity Interest Accompanied by Issue of New Shares to a third-party in SBI Holdings, Inc.
Sep. 5, 2005SOFTBANK CORP.(the “Company”) reported estimated dilution gain from changes in equity interest due to the new share issuance for a third party by SBI Holdings, Inc. (Head Office: Minato-ku, Tokyo; Representative: Yoshitaka Kitao), affiliated company under the equity method of the Company.
1. Outline of the new share issuance for a third-party
| Issue price | 37,069 yen per share |
|---|---|
| Number of newly issued shares | Common shares 347,861 shares |
| Allottee | ZEPHYR Co., Ltd |
2. Change in share ownership by SOFTBANK Group due to new share issuance
| Share ownership ratio | Number of shareholdings* | Number of total outstanding shares | |
|---|---|---|---|
| Before new share issuance (as of July 31, 2005) |
37.69% | 3,245,811.21 shares | 8,611,628.06 shares |
| After new share issuance (estimated as of September 29, 2005) |
36.23% | 3,245,811.21 shares | 8,959,489.06 shares |
[Note]
- *Indirect holdings through SOFTBANK AM CORPORATION. (wholly owned subsidiary)
3. Effect on consolidated financial results
Due to the new share issuance for a third party, the Company is expected to be recognized approximately 2.8 billion yen in dilution gain from changes in equity interest as the Company’s special profit on a consolidated base in the 2nd quarter for the fiscal year ending March 31, 2006.
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