Streaksai Regulatory News (STK)

7 Apr 2006 08:55

Softbank Corp07 April 2006 SOFTBANK announces ruling on lawsuit filed by Heisei Denden March 30, 2006 SOFTBANK CORP. ("SOFTBANK") announced that the Tokyo District Court today issueda ruling in support of SOFTBANK and its wholly-owned subsidiary, JAPAN TELECOMCO., LTD. (hereinafter "JAPAN TELECOM") in a lawsuit filed by HEISEI DENDEN CO.,LTD. (Head office: Shibuya-ku, Tokyo; Representative Director: Kenji Sato;hereinafter "the plaintiff") against SOFTBANK and JAPAN TELECOM on November 29,2004. Details of the ruling are given below. 1 Court where the lawsuit was filed and court issuing the ruling on thelawsuit, with relevant dates: Tokyo District Court: 2004 Lawsuit No.25297 Filing of the lawsuit: November 29, 2004 Ruling on lawsuit: March 30, 2006 2 Plaintiff of the lawsuit (1) Name: HEISEI DENDEN CO., LTD. (2) Head office: Hiroo 1-1-39, Shibuya-ku, Tokyo (3) Name of Representative: Representative Director Kenji Sato 3 Content of the lawsuit (1) Content of ruling 1) The court rejected the claim filed by the plaintiff. 2) The court ruled that the plaintiff must pay all lawsuit-related costs. (2) Reason why the lawsuit was filed and the content of the claim filed by theplaintiff: Please refer to SOFTBANK's press release issued on December 21, 2004. 4 Future prospects and others SOFTBANK recognizes that the ruling resulted from the courtfs appropriatejudgment as the court accepted the legitimacy of the argument made by SOFTBANKand JAPAN TELECOM. The ruling has no influence on SOFTBANK's earnings results on both stand-aloneand consolidated basis. This information is provided by RNS The company news service from the London Stock Exchange