Partial Correction of Consoli

RNS Number : 8479L

Softbank Corp

13 May 2010

 



Partial Correction of Consolidated Financial Report
for the Fiscal Year Ended March 31, 2010

May 13, 2010

SOFTBANK CORP. (hereafter gthe Companyh) announces that it has made the following corrections in the notes to the financial statements of its consolidated financial report for the fiscal year ended March 31, 2010 which was disclosed on April 27, 2010.

Corrections are underlined.

Please refer to the following Companyfs website for the corrected consolidated financial report. http://www.softbank.co.jp/en/irinfo/library/financial_report/index.html

Corrected Items

4. Consolidated Financial Statements (7) Notes

(Financial Instruments)

Page 55  2. Fair value of financial instruments

<Before revision>

The carrying amounts on the consolidated balance sheets, fair value, and differences as of March 31, 2010 are as follows. 

In addition, financial instruments, of which it is extremely difficult to measure the fair value, are not included. (Please see gNotes 2. Financial instruments of which the fair value is extremely difficult to measureh)

(Millions of yen)

				As of March 31, 2010
				Carrying Amount		Fair value		Differences
Assets
(1) Cash and deposit				690,053		690,053		-
(2) Notes and accounts receivable-trade				816,550
Allowance for doubtful accounts*1				(32,801	)
Notes and accounts receivable-trade, net				783,748		783,748		-
(3) Marketable securities and investment securities
[1]	Held-to-maturity debt securities			1,499		1,344		(155	)
[2]	Other securities			148,777		148,777		-
Total				1,624,079		1,623,923		(155	)
(Notes are omitted.)

<After revision>

The carrying amounts on the consolidated balance sheets, fair value, and differences as of March 31, 2010 are as follows. 

In addition, financial instruments, of which it is extremely difficult to measure the fair value, are not included. (Please see Notes 2. Financial instruments of which the fair value is extremely difficult to measureh)

(Millions of yen)

				As of March 31, 2010
				Carrying Amount		Fair value		Differences
Assets
(1) Cash and deposit				690,053		690,053		-
(2) Notes and accounts receivable-trade				816,550
Allowance for doubtful accounts*1				(32,801)	)
Notes and accounts receivable-trade, net				783,748		783,748		-
(3) Marketable securities and investment securities
[1]	Held-to-maturity debt securities			1,499		1,344		(155	)
[2]	Investments in unconsolidated subsidiaries  and affiliated companies			8,639		19,274		10,635
[3]	Other securities			148,777		148,777		-
Total				1,632,718		1,643,198		10,480
(Notes are omitted.)

Page 57 

Notes 2. Financial instruments of which the fair value is extremely difficult to measure.

<Before revision>

 (Millions of yen)

		Classification		Carrying Amounts
Unlisted equity securities				68,241
Investments in partnerships				6,827
		Total		75,068

<After revision>

(Millions of yen)

		Classification		Carrying Amounts
Unlisted investment securities of unconsolidated subsidiaries  and affiliated companies				140,386
Unlisted equity securities				68,241
Investments in partnerships				6,827
		Total		215,454

(Investment in Debt and Equity Securities)

Page 60  As of March 31, 2010

3. Marketable and investment securities sold during the fiscal year ended March 31, 2010

<Before revision>

(Millions of yen)

	Securities	Sales Price		Gain on sales		Loss on sales
(1)	Equity securities	1,437		803		226
(2)	Others	3,049		56		-
	Total	4,487		860		226

<After revision>

(Millions of yen)

	Securities	Sales Price		Gain on sales		Loss on sales
(1)	Equity securities	1,437		803		226
(2)	Others	3,049		56		-
	Total	4,487		860		226

Note: Sales price of JPY 760 million, gain on sales of JPY 580 million, and loss on sales of JPY 57 million for financial instruments of which the fair value is extremely difficult to measure are included in the amounts above.

4.  Marketable and investment securities impaired

<Before revision>

   Certain marketable and investment securities are impaired, and valuation loss on investment securities of JPY 5,167 million is recorded for the fiscal year ended March 31, 2010.

<After revision>

   Certain marketable and investment securities are impaired, and valuation loss on investment securities of JPY 5,167 million (valuation loss on investment securities, of which the fair value is extremely difficult to measure, of JPY 3,183 million is included) is recorded for the fiscal year ended March 31, 2010.

 

END

 

 

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