Becoming the Greatest Lifestyle Company FACT BOOK 2004

http://www.softbank.co.jp/ Becoming the Greatest Lifestyle Company FACT BOOK 2004

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21 Yahoo! BB 30% 2004 6 21 IP 3 IP IT No.1 No.1 1

2004 3 31 >>see page 7 >>see page 16 CDN Oy Gamecluster >>see page 10 Morningstar, Inc. SB FINANCE KOREA SB CHINA HOLDINGS SOFTBANK Korea >>see page 22 SOFTBANK Holdings SB Holdings Europe SB Sweden Aktiebolag SOFTBANK Commerce Korea 2

BB >>see page 4 BBIX >>see page 18 Yahoo! Deutschland Yahoo! France Yahoo! Inc. Yahoo! Korea Yahoo! UK >>see page 20 * * 2004 6 >>see page 14 SBMM 3

2004 3 88,899 222%128,906 Yahoo! BB BB ISP* 1 1 87,597 8,607 Yahoo! BB BB Yahoo! BB2004 3400 ADSL 36% 2004 3 20 Yahoo! BB ISP IT Yahoo! BB IP 50/ 15 20 /IX 127/ 2004 3 90% 3,241 IP BB 2004 3378IP 2003 12050 2004 2 2003 7Yahoo! BB 26M26Mbps ADSL Yahoo! BB 26M 2004 1 45Mbps IP 15 50Gbps 2004 3 3,241 NTT World Wide Internet Connection ADSL 2004 3 128,906 216,504 87,597 174,814 4

Yahoo! BB 45M 1BB LAN BB powered by SymantecTM* 2 2003 7BB Games BB SOHO B-PC BBTALK IP BB BB GUARD * 3 Yahoo! BB 100Mbps 1 VPN B-VPN B-R@S Yahoo! * 1 * 2 Yahoo! BB2004 3 182004 9 6 * 3 Yahoo! BB BB 400 350 300 250 200 150 100 50 400 350 300 250 200 150 100 50 0 03/3 4 5 6 7 8 9 10 11 12 04/1 2 3 0 03/3 4 5 6 7 8 9 10 11 12 04/1 2 3 5

SB SB URL 3 3 IT 2000 5 306,750 100% BB EC http://www.softbankbb.co.jp/ 2004 3 356,947 94,473 109,552 123,945 253,271 83,070 2000 4 2,200 100% http://www.iprevolution.ne.jp/ 2004 3 2,668 891 801 738 1,737 239 2002 10 43 100% http://www.jp.above.net/ IP 2002 8 701 100% ASP 2002 2 780 60% http://www.bbcom.jp/ 2004 3 1,361 42 65 10 448 351 2002 2 210 100% 2004 3 1,338 20 25 60 1,428 75 BBIX IX Internet exchange 2003 6 100 100% http://www.bbix.net/ 2001 9 289 39% http://www.ncjapan.co.jp/ 2002 6 35 35% 2002 8 35 35% 2002 4 40 40% 2002 8 35 35% 2002 4 35 35% 2002 6 40 40% = SB = SB = SB 2004 3 6

2004 3 11,1974% 254,888 BB 1,18048%3,647 BB BBIT 20 IT ITB2B IT -Exchange 4,000 10 IT ASP ITMediaVector No.12004 4 1st Stage (1985-1994) 2nd Stage (1995-2000) ASP 3rd Stage (2001-2005) 2004 3 254,888 251,241 3,647 74,053 7

SB SB URL 3 3 IT 2000 5 306,750 100% BB EC http://www.softbankbb.co.jp/ 2004 3 356,947 94,473 109,552 123,945 253,271 83,070 2000 10 267 99% http://www.ability-design.com/ 1999 10 1,737 53% http://www.carview.co.jp/ 1986 12 328 56% http://www.creativebank.co.jp/ 2004 3 1,353 67 66 36 569 409 1999 9 2,290 99% http://www.ecareer.ne.jp/ 2004 3 1,405 112 109 87 954 579 IT 1990 10 150 100% http://www.sbfw.co.jp/ 2004 3 9,984 68 78 28 2,289 746 2000 7 20 100% 2000 9 200 100% http://www.diamondstyle.co.jp/ 2001 2 1,461 100% http://www.deecorp.jp/ 2002 9 7 100% PC 2002 1 150 100% http://store.yahoo.co.jp/valumore/ 2002 12 621 100% http://www.bb-serve.com/ 1989 2 1,106 51% http://www.vector.co.jp/ 2004 3 2,013 211 222 110 3,019 2,601 2656 2000 8 400,000 310,000 10,943 68 8

SB SB URL 3 3 1999 10 100 33% http://www.ebest.co.jp/ 2002 7 480 44% http://www.gungho.jp/ 2000 11 298 20% http://www.cmnetcorp.com/ 2001 7 53 35% http://www.jp.safenet-inc.com/ 2001 4 136 37% B2B http://www.blueplanet.co.jp/ = SB = SB = SB 2004 3 9

2004 3 13,85549% 42,0512003 10 5,592 6,340 9,889 15,211 2004 3 M&A M&A Shield Advisory Services Limited M&A 2004 3 3 27 2004 2 2003 10 2003 12 400,000 350,000 300,000 250,000 200,000 03/3 4 5 6 7 8 9 10 11 12 04/1 2 3 1 120,000 90,000 60,000 30,000 0 2004 3 42,051 35,711 6,340 5,657 15,211 359,646 12,049 4,693 80,031 252 456,673 289,896 53,095 1,371 51,414 60,896 41,315 456,673 10 2004 3

IT 2004 2 2003 9 19 3 SB SB URL 3 3 1999 3 100% http://www.sbfinance.co.jp/ 2001 8 471 84% http://www.artfolio.co.jp/ 2001 8 78 39% http://www.arsnova-cr.com/ 1995 3 558 50% http://www.eadvisor.co.jp/ 2000 10 674 40% http://www.ecommodity.co.jp/ 1999 4 5,649 35% http://www.etrade.ne.jp/ 2004 3 14,765 4,802 4,833 2,190 259,876 20,638 IT 2000 12 90 100% http://www.intechstra.com/ 1999 11 95 21% http://www.weblease.co.jp/ = SB = SB = SB 2004 3 11

SB SB URL 3 3 1987 9 424 45% http://www.sbiam.co.jp/ 2001 4 14 47% LBO E 2000 7 100 100% http://www.office-work.co.jp/ 2000 11 127 21% http://www.goodloan.co.jp/ 2001 3 152 51% http://www.gomez.co.jp/ 2001 8 180 90% http://www.swan-credit.co.jp/ 2000 6 58 74% http://www.sophiabank.co.jp/ 1999 7 5,131 47% http://www.sbinvestment.co.jp/ 2004 3 35,364 8,086 9,068 4,256 396,644 47,464 84731 1 2000 12 166,666 121,000 132,315 2,317 IT 2001 8 32 21% http://www.techtank.co.jp/ 2002 8 23 24% http://www.biovision-capital.com/ 2001 3 1,758 21% http://www.financeall.jp/ 2003 9 7,577 297 241 64 13,035 3,328 8437 2003 9 32,500 200,000 8,085 190 2003 2 2 21% http://www.financeall.ne.jp/ 12

SB SB URL 3 3 1998 5 560 47% http://www.fides-sec.co.jp/ 2001 3 731 56% http://www.benefit401k.com/ EC 1997 4 71 10% http://www.veritrans.co.jp/ 2004 3 10 21% http://www.homeloan.co.jp/ 1998 3 1,676 50% http://www.morningstar.co.jp/ 2003 12 924 115 136 69 5,210 4,955 4765 2000 6 1,750,000 213,000 7,022 65 2001 5 15 50% 1945 2 3,966 26% http://www.wnfrontier.co.jp/ 2004 3 11,655 3,615 3,675 5,559 80,605 35,469 8696 2004 2 694 17,077 96,166 2004 2 2 2000 6 KRW15,000M 100% SB FINANCE KOREA CO., LTD. 1999 10 147 37% http://www.webascot.jp/ Morningstar, Inc. 2001 3 9 30% 1984 5 US$90M 20% http://www.morningstar.com/ = SB = SB = SB 2004 3 13

2004 3 2,504 15%14,415521 1,056 2004 3 ABB ISP TV IT IT istyle BB Yahoo! BB Yahoo! BB Web 378 2004 3 ITZDNet JAPAN2004 1 ITmedia ZDNet JAPAN IT IT (http://www.ohanashiehon.com/) 2004 3 14,415 10,783 4,688 1,056 936 4,550 7,578 154 357 3,927 12,017 4,318 50 19 7,629 1,300 12,017 2004 3 14

SB SB URL 3 3 1999 3 100% http://www.softbankmm.co.jp/ IT 2000 9 120 100% IT http://www.ec-r.co.jp/ LAN 2000 5 231 54% http://www.click2learn.co.jp/ 2000 10 190 70% BB http://www.jaja-uma.com/ IT 1999 12 928 95% http://www.itmedia.co.jp/ 2000 3 600 100% IT http://www.softbankpub.co.jp/ 2004 3 13,083 182 196 804 7,312 2,907 2000 5 300 100% http://www.softbank-mobile.co.jp/ SBMM 2004 3 179 100% 2001 1 396 30% http://www.englishtown.com/ 2001 9 518 34% ASP http://www.mptech.co.jp/ 2003 7 966 196 213 157 937 710 3734 2004 3 780,000 2,080,000 7,384 10 1996 6 290 27% http://www.cci.co.jp/ 2004 3 15,080 507 505 275 8,365 4,676 4788 2000 9 350,000 214,000 14,569 254 2001 9 60 36% http://www.tribeck.jp/ = SB = SB = SB 2004 3 15

2004 3 1,0569% 12,9681,591 3,251ADSL BBTV 2004 3 1 BBTV BB ADSL 1 2004 3222,300 BBTV Channel BB G-cluster Oy Gamecluster Ltd. CDN IXBBIX CDN CDN BB TV Club it Yahoo! BB * BBTV2004 6 1 BBTV BBTV 2004 4 30 2004 3 12,968 10,922 5,297 3,251 3,527 3,108 9,724 1,399 1,711 11,731 0 24,568 5,605 6,490 534 11,938 10,750 24,568 2004 3 16

SB SB URL 3 3 2000 3 100% http://www.broadmedia.co.jp/ 2001 12 198 70% http://www.imnetworks.co.jp/ 1999 11 432 51% http://www.aliss-net.ne.jp/ 2001 4 258 100% http://www.xdrive.co.jp/ 2000 11 9 94% http://www.embanya.com/ Club it 1998 11 4,743 90% http://www.clubit.co.jp/ 2004 3 11,364 559 599 1,178 6,375 1,352 4347 2002 3 1,200 1,650 12,360 8,313 Yahoo! BB ADSL 2001 12 180 90% VODBBTV http://www.bbcable.tv/ CS 1998 4 297 94% http://www.ch-bb.jp/ 2001 9 5,653 100% http://www.bri.jp/ CDN Oy Gamecluster Ltd. 2001 4 298 100% http://www.cdn-sol.co.jp/ 1997 6 682 100% http://www.g-cluster.com/ CS 1998 3 1,225 40% http://www.fishing-v.co.jp/ CS 2000 2 100 15% http://www.nihon-eiga.co.jp/ = SB = SB = SB 2004 3 17

2004 3 25,854 68%64,05415,700 93%32,582 * 1 Yahoo! BB P.4 * 2 2002004 3 6 1,000 Yahoo! Yahoo! * 1 * 2 2003 101 Yahoo! 1 V 16 1 * 1 % 100 12 80 60 2004 3 8 4 40 20 64,054 31,472 0 * 2 03/3 4 5 6 7 8 9 10 11 12 04/1 2 3 0 32,582 218,780 *1 *2 2003 3 52003 6 2004 3 1 18

SB SB URL 3 3 1996 1 6,372 42% http://www.yahoo.co.jp/ 2004 3 75,776 41,211 41,308 24,826 82,410 59,806 46891 1997 11 1367.19 1,270,000 2,007,697 1,886 1999 8 216 32% http://www.esbooks.co.jp/ 2004 3 4,583 12 9 10 641 111 2004 2 50 25% 2000 3 40 41% http://www.tavigator.co.jp/ 2001 3 1,000 100% 1998 12 96 42% http://www.bridalnet.co.jp/ 2003 11 12 25% 2001 8 4 42% 2004 3 1,666 42 42 26 395 43 1996 12 41 42% http://sportsnavi.yahoo.co.jp/ IP 1996 12 99 7% http://www.iri.co.jp/ 2003 6 11,306 349 1,135 1,487 10,354 4,587 4741 1999 12 195,000 580,000 3,702 92 Yahoo! Deutschland GmbH Yahoo! France SARL Yahoo! Korea Corporation Yahoo! UK Limited 2002 10 10 21% http://www.intage-interactive.co.jp/ 1997 1 US$0.45M 30% http://de.yahoo.com/ 1996 11 US$0.45M 30% http://fr.yahoo.com/ 1997 10 KRW333M 31% http://kr.yahoo.com/ 1996 8 US$0.9M 30% http://uk.yahoo.com/ 1995 3 US$84M 4% Yahoo! Inc. http://www.yahoo.com/ 2003 12 US$1,625M US$295M US$237M US$5,931M US$4,363M YHOO Nasdaq US 1996 4 US$1.08 US$48.47 US$1,275M 665 = SB = SB = SB 2004 3 19

2004 3 3,143 12%22,555 ADSL 260 21%1,000 ECEC PC EC EC ASP ECNeBOS Contact Pocket BB-WAN BB-OfficeBB-APPL BBIPLAN e- ebusiness Service ASP Broadband Solution & Service Provider Broadband Solution System Solution 2004 3 22,555 17,944 3,610 1,000 1,096 702 15,217 298 336 2,779 18,632 12,105 680 102 5,743 631 18,632 20

SB SB URL 3 3 2000 10 100% 2004 6 18 2002 3 34 60% http://www.avj.co.jp/ EC 2000 1 89 60% http://www.e-cosmos.co.jp/ EC 2000 4 86 57% http://www.ec-architects.co.jp/ 2004 4 WEB 2000 9 377 76% http://www.aipbridge.co.jp/ 1997 8 117 60% http://www.tech.softbank.co.jp/ 2004 3 22,555 1,000 1,096 702 18,632 5,743 4726 Jasdaq 1999 7 1,533.33 2,500 15,918 10,634 ECBtoB 2000 6 44 30% http://www.ectech.co.jp/ 1999 9 136 18% http://www.i2ts.com/ 2000 11 70 18% = SB = SB = SB 2004 3 21

SOFTBANK Holdings Inc. SBH SBH SBH 1 SB 2 SB 3 4 URL SB CHINA HOLDINGS PTE LTD A 2000 1 US$90M 90% 18 http://www.sbcvc.com/ 2000 9 US$155M 100% SB Europe Capital L.P. A 10 US$155M 6 1999 7 US$735M 51% SOFTBANK Capital Partners A 10 US$1,450M 13 2002 9 14,523 100% SOFTBANK Korea Co., Ltd. A 12 http://www.softbank.co.kr/ SB Life Science Ventures I, L.P. A 2001 7 US$30M 34% 10 US$89M 9 http://www.sblifescience.com/ SOFTBANK Technology Ventures IV L.P. SOFTBANK Technology Ventures V L.P. B B 1997 11 US$42M 13% 10 US$313M 5 1999 7 US$183M 30% 10 US$606M 24 2000 4 US$608M 97% SOFTBANK US Ventures VI L.P. B 10 US$627M 81 2000 4 KRW30,000M 60% SOFTBANK Ventures Fund 1 A 5 KRW50,000M 15 SB Asia Infrastructure Fund L.P. A 2001 3 US$4M 1% 10 US$404M 14 22

Alibaba.com Corporation BtoB 1999 3 US$17M 27% http://www.alibaba.com/ GSI Commerce, Inc. 1998 12 US$48M 10% http://www.gsicommerce.com/ National Leisure Group, Inc. 1995 1 US$38M 26% http://www.nlg.com/ SB SB URL 3 3 SOFTBANK Holdings Inc. SB Holdings (Europe) Ltd. SB Sweden Aktiebolag 1999 4 90 100% http://www.atwork.co.jp/ 1994 3 100% 1995 12 100% 1999 10 100% SOFTBANK Commerce 1991 2 7,228 85% IT Korea Corporation http://www.softbank.co.kr/ 2003 12 KRW43,077M KRW 1,924M KRW6,179M KRW30,934M KRW9,408M UTStarcom, Inc. IP 1991 10 US$38M 13% http://www.utstar.com/ 2003 12 US$1,964M US$274M US$202M US$2,226M US$879M UTSI Nasdaq US 2000 3 US$18.00 US$28.75 US$421M 117 = SB = SB = SB = A B A 1 2 SB 3 4 2004 3 23

2004 3 2004 3 7,046 28,783 4.09X * 3,098 8,784 2.83X 10,144 37,567 3.70X * 2004 3 801 476 56 38 40,000 900 30,000 20,000 10,000 0 2,486 6,538 7,346 9,206 3,098 7,046 8,784 28,783 2003/3 2004/3 3 600 300 0 113 138 505 99 120 471 14 18 34 141 158 502 133 140 472 2003/3 2004/3 8 18 30 40,000 30,000 20,000 10,000 0 3,348 4,021 5,676 12,531 3,648 6,496 6,094 31,473 2003/3 2004/3 900 600 300 0 420 388 389 349 31 39 384 476 362 438 2003/3 2004/3 22 38 77 553 20,077 20,630 267.92X 5 88 146 233 46.67X 33 822 159 981 29.73X 60 393 1,323 1,717 28.61X 18 321 1 322 17.92X 85 1,400 0 1,400 16.47X 6 3 74 76 13.40X 3 4 37 41 12.33X 11 0 109 109 9.90X Yahoo! Inc. 547 2,358 1,348 3,706 6.78X 18 22 70 92 5.24X UTStarcom, Inc. 215 596 445 1,041 4.84X 45 6 171 177 3.95X 92 279 2 280 3.05X 20 59 0 59 2.95X 508 1,011 0 1,011 1.99X 66 5 81 85 1.30X KFB Newbridge Investment, L.P. 163 172 0 172 1.05X E*TRADE Group, Inc. 552 532 0 532 0.96X 1-800-FLOWERS.COM, Inc. 23 21 0 21 0.93X CNET Networks, Inc. 637 132 0 132 0.21X 88 0 10 10 0.11X Key3Media Group, Inc. 279 8 0 8 0.03X Asia Global Crossing Ltd. 452 0 0 0 0.00X 24 4,002 8,784 24,053 32,837 8.21X 24

10,144 37,567 3.70X 801 56 476 5,185 31,108 6.00X 502 30 285 3,999 6,077 1.52X 158 18 63 295 87 0.30X 29 0 29 135 47 0.34X 37 4 32 395 240 0.61X 61 3 56 135 8 0.06X 14 1 11 1. 1. 2. 3. 4. 5. 2. 2004 3 2004 3 1 105.692004 3 2003 32003 3 1 120.20 2003 3 25

% EBITDA % 2004 3 2003 3 2002 3 2001 3 517,393 406,892 405,315 397,105 54,893 91,997 23,901 16,431 4.1 20,705 69,781 10,024 28,866 76,744 71,474 119,939 87,009 107,094 99,989 88,755 36,631 9.2 % % % % % % 575,540 340,795 365,644 413,442 134,857 188,232 232,016 243,042 238,080 257,396 465,326 424,261 1,421,206 946,331 1,163,678 1,146,083 16.8 27.2 40.0 37.0 159.8 88.9 109.9 96.3 241.7 132.4 78.6 97.4 56.6 73.1 49.9 57.3 223.1 209.2 165.1 183.9 68.7 121.9 101.4 110.3 83,829 68,600 79,123 91,598 81,878 119,749 39,751 42,612 306,390 17,615 1,313 24,548 290,980 27,805 34,479 76,200 437,132 147,526 119,855 159,105 % 43.2 27.7 20.0 9.1 15.5 4.6 9.0 42.5 1 314.72 296.94 263.53 110.47 314.72 296.94 263.53 110.47 677.40 767.56 1,381.31 1,260.14 677.40 767.56 1,381.31 1,260.14 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 351,404 335,293 336,872 336,677 177 269 285 216 103 116 113 117 14 14 17 21 1. 2. EBITDA=++ 3. 1996-8 3 SOFTBANK Holdings Inc. 4. 5. 3 6. 1 1 1995 5 191 1.41995 11 201 1.4 1996 5 201 1.41996 11 201 1.4 1997 5 201 1.32000 6 231 3.0 7. 1998 320 8. 26

2000 3 1999 3 1998 3 1997 3 1996 3 1995 3 423,220 528,159 513,364 359,742 171,101 96,808 8,377 12,130 31,938 33,670 15,822 5,692 2.0 2.3 6.2 9.4 9.2 5.9 43,816 54,650 88,083 71,921 21,535 6,307 32,168 36,640 33,824 29,567 15,982 5,379 8,446 37,538 10,303 9,092 5,794 2,052 2.0 7.1 2.0 2.5 3.4 2.1 418,706 444,392 396,143 365,578 230,996 21,092 163,997 351,790 361,602 330,329 212,424 15,595 380,740 284,976 242,758 234,617 119,679 47,709 1,168,308 952,578 854,743 790,889 440,618 98,640 32.6 29.9 28.4 29.7 27.2 48.4 149.8 162.2 111.5 110.9 118.1 236.0 110.0 155.9 163.2 155.8 193.0 44.2 43.1 123.4 149.0 140.8 177.5 32.7 171.1 227.6 370.7 368.7 413.7 45.8 90.8 91.9 102.5 99.8 97.3 32.5 349 28,668 19,248 43,422 5,269 509 60,341 281,005 33,677 323,817 446,459 18,649 220,914 205,562 21,591 343,278 434,605 51,759 160,615 53,988 9,909 16,676 18,114 32,601 268,060 105,886 51,898 35,249 18,573 36,687 2.5 14.2 4.3 5.1 6.9 7.6 1,172.3 36.3 53.2 63.2 123.6 62.2 78.05 365.38 100.77 124.25 176.33 149.07 26.02 121.79 33.59 31.86 23.07 9.95 3,456.55 2,719.35 2,375.24 2,980.33 3,452.06 2,935.92 1,152.18 906.45 791.75 764.19 451.60 195.96 20.00 20.00 40.00 20.00 15.00 15.00 6.67 6.67 13.33 5.13 1.96 1.00 110,150 104,796 102,204 78,722 34,669 16,250 143 71 63 32 25 12 53 20 15 13 9 6 13 7 2 1 0 0 27

1 2003 4 BB 200 6 7 SUPERCOMM2003 Yahoo! BBSUPER Quest Awards BB G-cluster Ltd. Yahoo! BB 26M BBTV 1 3 BB BB Games 8 Yahoo! BB300 11 2004 1 Yahoo! BB BB 3 12 050BB TD-CDMACDMA2000 1,987 40 9 Cerberus NCB Acquisition, L.P. Yahoo! BB 45M 10 BB 300 TRUSTe 1 BB Yahoo! BB BB 2 3 BB 480 Yahoo! BB400 BBTV VOD* FOX MGM NFL * 28

2004 3 31 103-8501 24-1 03-5642-8000 1981 9 3 162,303,564,101 2004 3 31 1 6 2004 6 24 1,200,000,000 351,436,826 249,064 % 110,715 31.58 9,930 2.83 8,743 2.49 7,300 2.08 6,702 1.91 3,771 1.07 3,666 1.04 3,580 1.02 2,207 0.62 1,842 0.52 9,930 8,743 3,666 CEO BB COO 11.11% 5.10% 2.94% 13.68% SOFTBANK Holdings Inc. 67.17% CEO 18 1 SOFTBANK BB mail http://www.softbank.co.jp/bbmail/ 29

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