o., Ltd., as a joint venture with INVOICE INC., principally to increase the sales of the Otoku Line service to small and medium-sized companies and to SOHO enterprises. On September 28, 2005, JAPAN TELECOM CO., LTD. entered into a shareholders agreement regarding administration and other matters with INVOICE INC. JAPAN TELECOM CO., LTD., retains 14.9% of the shares in JAPAN TELECOM INVOICE Co., Ltd. JAPAN TELECOM CO., LTD., on September 29, 2005, entered into a telecommunications service sales agency agreement under which JAPAN TELECOM INVOICE Co., Ltd., assumed sole responsibility for the agency sales of the Otoku Line service for small and medium-sized companies and SOHO enterprises. On September 29, 2005, JAPAN TELECOM CO., LTD., and JAPAN TELECOM INVOICE Co., Ltd., concluded a service contract regarding the representative contractor for the Otoku Line volume discount service. Under this agreement, JAPAN TELECOM INVOICE Co., Ltd., is designated as representative contractor for the Select Saver (volume discount) stipulated in the standard telephone service contract of JAPAN TELECOM CO., LTD. Sale of the Modem Rental Business In September 2005, the Company; BB TECHNOLOGY Corp.; JAPAN TELECOM CO., LTD.; Citibank, N.A., Tokyo Branch; Gemini BB Holdings (a company in the Cayman Islands); and Citylease Company, Ltd. entered into a basic agreement by which BB TECHNOLOGY Corp. agreed to sell its modem rental business to Yugen Kaisha Gemini BB, a subsidiary of Gemini BB Holdings. In accordance with this agreement, BB TECHNOLOGY Corp. established a modem rental operating company, BB Modem Rental Yugen Kaisha, through a corporate divestiture in November 2005, and sold BB Modem Rental Yugen Kaisha to Yugen Kaisha Gemini BB. In December 2005, BB TECHNOLOGY Corp., through a corporate divestiture, established new SOFTBANK BB Corp., which assumes businesses other than ADSL, such as FTTH and IT distribution businesses. On November 1, 2005, BB TECHNOLOGY Corp., Citylease Company, Ltd., and BB Modem Rental Yugen Kaisha entered into an agreement regarding the ADSL services provided by BB TECHNOLOGY Corp. and the rental modems provided by BB Modem Rental Yugen Kaisha. In accordance with the agreement, modem management and subscriber acquisition are to be consigned to BB TECHNOLOGY Corp. Significant Events The company and Alibaba.com Limited formed a joint venture company called Alibaba.com Japan. The new company would take over the operation of Alibaba.com's existing Japanese-language Web site which connects small and medium enterprises (SMEs) in Japan with buyers and suppliers around the world. History SOFTBANK Corp. was incorporated in 1981.
softbank corp-unspon adr (SFTBY:OTC US)
Phone: 81 3 6889 2000
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