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Announcement of Dividend Payout

May 8, 2007

SOFTBANK CORP. (hereafter “the Company”) announces that its Board of Directors, at is meeting held on today, has resolved to pay cash dividends from retained earnings to shareholders of record as of the base date on March 31, 2007 as described below.

1.Details of dividend

	Resolved amount	Previous fiscal year (Ended on March 31, 2006)
Base date	March 31, 2007	March 31, 2006
Dividend per share	JPY 2.50	JPY 2.50
Total dividends	JPY 2,639 million	JPY 2,637 million
Effective date	June 25, 2007	June 23, 2006
Dividend source	Retained earnings	Retained earnings

2.Reasons

The company has adopted a basic policy for allocating profit appropriately to stakeholders including shareholders by making every effort to increase the profits to shareholders through the improvement of corporate value.

Reflecting this dividend policy, the Company decided the dividend payout as above in view of the balance between enhancement of management base and continuity of stable dividend payout from the mid-long term viewpoint. This matter is planned to be brought to the 27th Annual General Meeting of Shareholders which is scheduled to be held on June 22, 2007, for discussion.

Reference

Details of annual dividend

Dividend per share

Base date	Interim	Year end	Annual
FY2006 paid dividend	-	JPY 2.50	JPY 2.50
FY2005 dividend paid (Ended on March 31, 2006)	-	JPY 2.50	JPY 2.50