DOCSLIB.ORG

Operating Income Increased by 49% (Yoy) 1H Net Income: 3.2 Times (Yoy)

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Operating Income Increased by 49% (Yoy) 1H Net Income: 3.2 Times (Yoy) Earnings Results for the Interim Period Ended September 30, 2007 Analyst Meeting November 8, 2007 SOFTBANK CORP. 1H/FY2007 Summary of Consolidated Earnings Results <Highlights> 1. Consolidated earnings results: 1H operating income increased by 49% (YoY) 1H net income: 3.2 times (YoY) 2. Success in mobile operations: 1.14 million of net subscriber additions in 1H 3. Towards No.1 Internet company in Asia: IPO of Alibaba + Yahoo! JAPAN ‘Fiscal 2007’ refers to the fiscal year ended March 31, 2008, and other fiscal years are referred to in a corresponding manner. 2 Content Items Page Consolidated P/L Analysis 5 Consolidated B/S Analysis 18 Accounting Consolidated CF Analysis 26 CAPEX Status 28 Financial Activities 33 Finance Interest-bearing Debt Status 36 Investment Results 53 Broadband Infrastructure Segment 60 Fixed-line Telecommunications Segment 70 Operations Mobile Communications Segment 79 Appendices 99 3 Accounting Kazuko Kimiwada General Manager Accounting, Internal Control SOFTBANK CORP. 4 - Consolidated P/L Analysis - Consolidated B/S Analysis - Consolidated CF Analysis - CAPEX Status 5 Consolidated P/L summary <PL-1> (m JPY) FY2006 FY2007 1Q 2Q 1H 3Q 4Q Total 1Q 2Q QoQ 1H YoY Net Sales 494,231 625,941 1,120,173 702,195 721,850 2,544,219 663,084 701,660 38,575 1,364,745 244,571 Operating income 54,357 58,194 112,552 84,733 73,780 271,065 78,746 89,000 10,253 167,746 55,194 (Operating margin) 11.0% 9.3% 10.1% 12.1% 10.2% 10.7% 11.9% 12.7% ― 12.3% ― EBITDA 104,309 124,090 228,400 154,000 143,026 525,428 149,778 164,493 14,715 314,272 85,871 (EBITDA margin) 21.1% 19.8% 20.4% 21.9% 19.8% 20.7% 22.6% 23.4% ― 23.0% ― Non-operating income 12,096 4,540 15,631 1,829 4,259 13,531 4,531 5,654 1,123 10,185 (5,445) Non-operating expenses (40,459) (26,039) (65,493) (37,637) (36,231) (131,173) (32,123) (34,643) (2,520) (66,767) (1,274) Ordinary income 25,994 36,696 62,690 48,924 41,808 153,423 51,154 60,010 8,856 111,165 48,474 Special income 4,672 66,795 71,468 15,788 9,024 96,282 9,940 19,922 9,982 29,863 (41,605) Special loss (1,365) (13,895) (15,260) (6,688) (19,182) (41,132) (2,692) (15,406) (12,714) (18,098) (2,837) Net income 1,418 13,021 14,439 7,494 6,881 28,815 25,130 21,331 (3,798) 46,462 32,022 (Net margin) 0.3% 2.1% 1.3% 1.1% 1.0% 1.1% 3.8% 3.0% ― 3.4% ― YoY- Key factors for P/L fluctuation 1 Net sales ¾ Mobile: JPY 230bn increase due to the fact that 6 months of SOFTBANK MOBILE’s results were included from this interim period (5 months of results were included in the interim results of the previous fiscal year), and a steady increase of mobile handsets sold, etc. ¾Internet Culture: JPY 19.1bn increase in net sales due to firm trend in advertising business 2 Operating income ¾ Mobile: JPY 37.5bn increase in operating income due to growth of mobile handset sales and the fact that 6 months of SOFTBANK MOBILE’s results were included from this interim period (5 months of results were included in the interim results of the previous fiscal year) ¾Internet Culture: JPY 10.5bn increase in operating income due to firm trend in advertising business ¾Broadband Infrastructure: JPY 7.3bn increase in operating income due to firm trend in Yahoo! BB ADSL business 3 Non-operating income ¾ Decrease in equity in earnings of JPY 4.9bn following the sale of shares held in SBI Holdings, Inc. on Aug 2006, etc. (4 months of results were included in the interim results of the previous fiscal year) 4 Non-operating expenses ¾ Although interest expense increased by JPY 22.8bn, financing related expenses, recorded at JPY 19.9bn in the interim period of the previous fiscal year, did not occur during 1H/FY2007 5 Special income ¾Recorded JPY 10.4bn gain on sale of investment securities, gain related to unrealized appreciation on investments at subsidiaries in the U.S amounted to JPY 14.1bn, and JPY 3.0bn was recorded as dilution gain from changes in equity interest 6 Special loss ¾JPY 10.1bn valuation loss on investment securities and JPY 3.9bn loss on disposal of fixed assets recorded 7 Income taxes etc. ¾Recorded current income taxes for Yahoo Japan Corporation etc. of JPY25.2bn, on the other hand JPY 8.4bn of income tax payable for SOFTBANK Holdings Inc. was reversed 6 Scope of consolidation/scope of equity method <PL-2> FY07/2Q Core Companies SOFTBANK MOBILE, SOFTBANK BB, SOFTBANK TELECOM, Consolidated subsidiaries 112 Yahoo Japan, Broadmedia(*1), SOFTBANK TECHNOLOGY, ITmedia, etc. Newly consolidated companies 2 Subsidiaries excluded from consolidation 8 Non-consolidated subsidiaries 80 Insignificant companies Non-consolidated subsidiaries under the equity method 3 GungHo Online Entertainment, MySpace Japan Affiliated companies under the equity method 71 Alibaba Group Holding Limited(*2), etc. Entities newly accounted for under the equity method 10 Entities no longer accounted for under the equity method 2 Non-consolidated subsidiaries not under the equity method 77 Insignificant companies Affiliated companies not under the equity method 24 Insignificant companies Companies Consolidated Under Equity Core Group Companies Main Business Activities Subsidiaries Method SOFTBANK MOBILE - provide mobile phone service Mobile Communications 5 2 (SBM) - sales of mobile phones etc. - ADSL, optic fiber and other high speed internet connection services Broadband Infrastructure 5 3 SOFTBANK BB (SBB) - IP phone service - provide content - voice transmission services SOFTBANK TELECOM - data transmission services Fixed-line Telecommunications 5 0 (SBTM) - leased circuit - data center business etc. - internet advertisements Internet Culture 15 18 Yahoo Japan - broadband portal business - auction business etc. SOFTBANK BB (SBB) - distribution of Software for PC's and peripheral e-Commerce 7 4 Vector equipment Carview - e-commerce towards businesses and consumers - broadcast media business Broadmedia - technology service business SOFTBANK Others 75 47 - media marketing business TECHNOLOGY - overseas fund business ITmedia - others Total 112 74 *1 Changed its company name from Club iT Corporation on Oct 1, 2007. *2 Changed its company name from Alibaba.com Corporation on Nov 5, 2007. 7 Consolidated net sales <PL-3> ¾ YoY increase thanks to firm trend of Mobile Communications segment (m JPY) 1,500,000 1,364,745 Mobile Communications 1,300,000 1,120,173 BB Infrastructure 1,100,000 Fixed-line 900,000 Telecommunications +22%+22% Internet Culture 700,000 500,000 e-Commerce 300,000 Others 100,000 Elimination (100,000) 06/1H 07/1H (m JPY) FY2006 FY2007 1Q 2Q 1H 3Q 4Q Total 1Q 2Q QoQ 1H YoY Consolidated net sales 494,231 625,941 1,120,173 702,195 721,850 2,544,219 663,084 701,660 38,575 1,364,745 244,571 Mobile Communications 232,467 351,991 584,459 430,328 427,252 1,442,040 391,668 422,841 31,172 814,509 230,050 Broadband Infrastructure 63,322 65,728 129,050 67,266 67,910 264,227 65,747 64,072 (1,674) 129,819 768 Fixed-line Telecommunications 88,673 93,276 181,950 93,712 98,466 374,129 90,486 90,986 500 181,473 (477) Internet Culture 44,642 46,676 91,319 50,049 52,842 194,212 52,796 57,623 4,827 110,419 19,100 e-Commerce 59,142 65,037 124,180 65,369 82,021 271,570 61,660 63,812 2,151 125,473 1,293 Others 20,289 23,785 44,075 21,628 25,082 90,785 24,871 26,907 2,035 51,779 7,704 Elimination (14,307) (20,554) (34,861) (26,159) (31,725) (92,746) (24,145) (24,583) (437) (48,729) (13,867) 8 Consolidated operating income <PL-4> ¾ YoY increase thanks to firm trend of Mobile Communications segment, achieve record high since establishment on interim basis (m JPY) 167,746 Mobile Communications 170,000 150,000 BB Infrastructure 130,000 Fixed-line 112,552 Telecommunications 110,000 Internet Culture 90,000 e-Commerce 70,000 +49%+49% Others 50,000 Elimination or Corporate 30,000 Consolidated operating 10,000 income (10,000) 06/1H 07/1H (m JPY) FY2006 FY2007 1Q 2Q 1H 3Q 4Q Total 1Q 2Q QoQ 1H YoY Consolidated operating income 54,357 58,194 112,552 84,733 73,780 271,065 78,746 89,000 10,253 167,746 55,194 Operating margin 11.0% 9.3% 10.1% 12.1% 10.2% 10.7% 11.9% 12.7% ー 12.3% ー Mobile Communications 27,293 29,341 56,635 56,906 42,202 155,743 43,528 50,691 7,163 94,219 37,584 Broadband Infrastructure 5,479 6,189 11,668 7,747 7,393 26,809 8,665 10,320 1,654 18,986 7,317 Fixed-line Telecommunications 1,212 (916) 295 (2,603) (656) (2,965) (111) 460 572 349 53 Internet Culture 21,630 22,712 44,343 25,011 27,189 96,544 27,148 27,766 618 54,915 10,571 e-Commerce 1,461 1,399 2,860 2,010 1,809 6,680 1,167 933 (233) 2,100 (759) Others (717) 547 (169) (4,002) (557) (4,730) (689) 38 727 (650) (480) Elimination or Corporate (2,002) (1,078) (3,081) (335) (3,599) (7,017) (962) (1,211) (248) (2,173) 907 9 Consolidated EBITDA <PL-5> ¾ 38% YoY increase thanks to firm trend of Mobile Communications segment, achieve record high since establishment on interim basis (m JPY) 400,000 Mobile Communications 314,272 BB Infrastructure 300,000 228,400 Fixed-line Telecommunications 200,000 Internet Culture e-Commerce 100,000 +38%+38% Others 0 Elimination or Corporate Consolidated EBITDA (100,000) 06/1H 07/1H (m JPY) FY2006 FY2007 1Q 2Q 1H 3Q 4Q Total 1Q 2Q QoQ 1H YoY Consolidated EBITDA 104,309 124,090 228,400 154,000 143,026 525,428 149,778 164,493 14,715 314,272 85,871 EBITDA margin 21.1% 19.8% 20.4% 21.9% 19.8% 20.7% 22.6% 23.4% ー 23.0% ー Mobile Communications 55,802 73,615 129,417 104,082 87,985 321,484 92,429 104,091 11,661 196,521 67,103 Broadband Infrastructure 11,850 12,600 24,450 15,408 15,743 55,601 15,962 17,513 1,550 33,475 9,025 Fixed-line Telecommunications 12,643 10,248 22,891 8,939 10,758 42,588 11,104
Load more

Recommended publications
  • BROADBAND PROPERTIES | | July 2008 That Handles Mainly Carrier Ethernet Has Home Architecture for Verizon’S Fios
    Broadband 2 0TOP Properties 0 www.bbpmag.com 8100 This year’s listing shows new emphasis on companies that sell equipment and software for network monitoring, provisioning, and customer service. A BBP Staff Report his year’s Top 100 continues a tive business plans and technology Prysmian – a major fiber and copper ca- trend from last year, with growth configurations. ble vendor worldwide (it was spun out of Tin the number of awardees on the • Helping others deploy networks, by Pirelli) was expanding its fiber business network management side of the busi- supplying key hardware, software, here, selling such products as its blown ness. Most exciting: billing and network design services, construction services fiber and massive fiber ribbon cables. monitoring software that can seamlessly and so forth. But it had been making a bigger FTTx handle the triple play and a whole lot • Introducing innovative technolo- impact in the US only since 2006. It more. This year’s listing also rewards gies, even if the technologies have didn’t make the Top 100 last year, but suppliers of fiber and systems for both not been commercially deployed at was an easy call this time. inside and outside plant – a new class of the time the list is compiled. We’re Corporate form and overall organi- equipment made possible by bend-tol- always on the lookout for technolo- zational size are not important. Non- erant fiber – and developers of entirely gies that change the rules – by re- profit entities such as municipal fiber new PON technologies. ducing early deployment costs, for network operators are eligible.
    [Show full text]
  • Annual Report 2016
    SoftBank Group Corp. ANNUAL REPORT 2016 Corporate Philosophy Information Revolution – Happiness for everyone Vision The corporate group needed most by people around the world SoftBank Group Corp. ANNUAL REPORT 2016 001 A History of Challenges A History of Challenges The view is different when you challenge yourself Continuing to take on new challenges and embrace change without fear. Driving business forward through exhaustive debate. This is the SoftBank Group’s DNA. SoftBank Group Corp. ANNUAL REPORT 2016 002 A History of Challenges Established SoftBank Japan. 1981 Commenced operations as a distributor of packaged software. 1982 Entered the publishing business. Launched Oh! PC and Oh! MZ, monthly magazines introducing PCs and software by manufacturer. 1994 Acquired events division from Ziff Communications Company of the U.S. through SoftBank Holdings Inc. 1996 Acquired Ziff-Davis Publishing Company, U.S. publisher of PC WEEK magazine and provider of leading-edge information on the PC industry. SoftBank Group Corp. ANNUAL REPORT 2016 003 A History of Challenges Established Yahoo Japan through joint investment with Yahoo! Inc. in the U.S. 1996 Began to develop into an Internet company at full scale. Yahoo Japan Net income* 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 FY (Note) Accounting standard: JGAAP up to fiscal 2012; IFRSs from fiscal 2013 onward. * Net income attributable to owners of the parent. SoftBank Group Corp. ANNUAL REPORT 2016 004 A History of Challenges Made full-scale entry into the telecommunications business. 2000s Contributed to faster, more affordable telecommunications services in Japan.
    [Show full text]
  • Telecommunications Provider Locator
    Telecommunications Provider Locator Industry Analysis & Technology Division Wireline Competition Bureau March 2009 This report is available for reference in the FCC’s Information Center at 445 12th Street, S.W., Courtyard Level. Copies may be purchased by contacting Best Copy and Printing, Inc., Portals II, 445 12th Street S.W., Room CY-B402, Washington, D.C. 20554, telephone 800-378-3160, facsimile 202-488-5563, or via e-mail at [email protected]. This report can be downloaded and interactively searched on the Wireline Competition Bureau Statistical Reports Internet site located at www.fcc.gov/wcb/iatd/locator.html. Telecommunications Provider Locator This report lists the contact information, primary telecommunications business and service(s) offered by 6,252 telecommunications providers. The last report was released September 7, 2007.1 The information in this report is drawn from providers’ Telecommunications Reporting Worksheets (FCC Form 499-A). It can be used by customers to identify and locate telecommunications providers, by telecommunications providers to identify and locate others in the industry, and by equipment vendors to identify potential customers. Virtually all providers of telecommunications must file FCC Form 499-A each year.2 These forms are not filed with the FCC but rather with the Universal Service Administrative Company (USAC), which serves as the data collection agent. The pool of filers contained in this edition consists of companies that operated and collected revenue during 2006, as well as new companies that file the form to fulfill the Commission’s registration requirement.3 Information from filings received by USAC after October 16, 2007, and from filings that were incomplete has been excluded from this report.
    [Show full text]
  • 1 James A. Holtkamp (Bar No. 1533) Holland
    JAMES A. HOLTKAMP (BAR NO. 1533) HOLLAND & HART LLP 222 South Main, Suite 2200 Salt Lake City, UT 84101 Telephone: (801) 799-5847 Facsimile: (801) 799-5700 THORVALD A. NELSON MARK A. DAVIDSON HOLLAND & HART LLP 6380 South Fiddlers Green Circle, Suite 500 Greenwood Village, CO 80111 Telephone: (303) 290-1601 Facsimile: (303) 975-5290 Attorneys for Sprint Communications Company L.P. BEFORE THE PUBLIC SERVICE COMMISSION OF UTAH In the Matter of the Application of Sprint Application of Sprint Communications Communications Company L.P. for Informal Company L.P. for Informal Adjudication of Adjudication of Indirect Transfer of Control. Indirect Transfer of Control Docket No. Sprint Communications Company L.P. (“Sprint Communications”), through its undersigned counsel and pursuant to Utah Code Ann. §§ 54-4-28, 54-4-29, 63G-4-203 and Utah Admin. Code R746-349-7, requests Utah Public Service Commission (“Utah PSC”) approval through informal adjudication of a transaction that will result in the indirect transfer of control of Sprint Communications, a Utah competitive local exchange carrier to Starburst II, Inc. (“Starburst II”). Under the transaction, Starburst II will become the direct parent of Sprint Nextel Corporation (“Sprint”) and indirect parent of Sprint Communications and SOFTBANK CORP. (“SoftBank”) will, through its newly formed affiliate Starburst I, Inc. (“Starburst I”), 1 invest $20.1 billion in Sprint and indirectly acquire approximately 70 percent of the shares of Sprint. I. INTRODUCTION A. Introduction of the Parties Sprint Communications Company L.P. is a Delaware limited partnership with a principal office located at 6200 Sprint Parkway, Overland Park, Kansas 66251.
    [Show full text]
  • Telecommunications Provider Locator
    Telecommunications Provider Locator Industry Analysis & Technology Division Wireline Competition Bureau January 2010 This report is available for reference in the FCC’s Information Center at 445 12th Street, S.W., Courtyard Level. Copies may be purchased by contacting Best Copy and Printing, Inc., Portals II, 445 12th Street S.W., Room CY-B402, Washington, D.C. 20554, telephone 800-378-3160, facsimile 202-488-5563, or via e-mail at [email protected]. This report can be downloaded and interactively searched on the Wireline Competition Bureau Statistical Reports Internet site located at www.fcc.gov/wcb/iatd/locator.html. Telecommunications Provider Locator This report lists the contact information, primary telecommunications business and service(s) offered by 6,493 telecommunications providers. The last report was released March 13, 2009.1 The information in this report is drawn from providers’ Telecommunications Reporting Worksheets (FCC Form 499-A). It can be used by customers to identify and locate telecommunications providers, by telecommunications providers to identify and locate others in the industry, and by equipment vendors to identify potential customers. Virtually all providers of telecommunications must file FCC Form 499-A each year.2 These forms are not filed with the FCC but rather with the Universal Service Administrative Company (USAC), which serves as the data collection agent. The pool of filers contained in this edition consists of companies that operated and collected revenue during 2007, as well as new companies that file the form to fulfill the Commission’s registration requirement.3 Information from filings received by USAC after October 13, 2008, and from filings that were incomplete has been excluded from this report.
    [Show full text]
  • Radio TLD Endorsement from EBU Sister Unions (Members of the World
    .Radio TLD Endorsement from EBU sister unions (members of the World Broadcasting Unions WBU): • ABU - Asia Pacific Broadcasting Union • ASBU - Arab States Broadcasting Union • AUB - African Broadcasting Union • CBU - Caribbean Broadcasting Union • AIR/IAB - International Association of Broadcasting • NABA - North American Broadcasting Association • OTI - Organización de Telecomunicaciones Iberoamericanas Asia-Pacific Broadcasting Union (ABU) 14 March 2012 Mr. Steve Crocker Chairman of the Board Internet Corporation for Assigned Names and Numbers (ICANN) Dear Mr. Crocker, The Asia-Pacific Broadcasting Union (ABU) welcomes dot-radio, the Internet Top Level domain that the European Broadcasting Union (EBU) proposes to create for the worldwide radio community. As a broadcasting Union representing broadcasters in the Asia-Pacific region, the ABU believes that the dot-radio proposal to be submitted by the EBU will provide added value for all radio broadcasters worldwide. As a Union, we are involved in radio and television broadcasting that is moving to the Internet as an important means of distribution, so this will add-value to the radio’s global community. The use of a specific global online name such as dot-radio will help create a unique space worldwide where all the radio community of the world can gather. In my capacity as Secretary-General of the ABU, I recommend that the dot-radio Top Level Domain proposal of the EBU be approved by ICANN. We are looking forward to you favourable action on this request. Sincerely, Dr. Javad Mottaghi Secretary-General ANNEXES Containing the following information: [NAME OF THE UNION – ASIA-PACIFIC BROADCASTING UNION] [WORLD REGION/S COVERED – ASIA-PACIFIC REGION] [WITH LEGAL OFFICES IN – KUALA LUMPUR, MALAYSIA] [NAME OF THE LEGAL RESPONSIBLE – AXEL AGUIRRE, Legal Counsel] [BOARD MEMBERS LIST, with mention of the organizations represented - Attached] [LIST OF THE MEMBERS ORGANIZATIONS - Attached] [GOVERNING BODIES OF THE ORGANIZATIONS - General Assembly and Administrative Council – Members Attached] P.O.
    [Show full text]
  • Softbank Tests Next-Gen IT Platform Based on Intel® Rack Scale
    WHITE PAPER SoftBank Tests Next-Generation IT Platform Based on Intel® Rack Scale Architecture in Pursuit of Information Revolution Intel® Rack Scale Architecture for Data Center Efficiency Executive Summary SoftBank Corp. is pursuing an “information revolution” that will spur the latest innovations in technol- ogy, including the Internet of Things (IoT), artificial intelligence (AI), and smart robots. The company needs the IT platforms which support its rapidly growing businesses to have agility to optimize real-time performance and high efficiency to utilize all available resources. The consolidation of its Japanese telecommunications companies is what led SoftBank to consider the Intel® Rack Scale Ar- chitecture, which pools resources at the rack level and allocates them via software. During workload- based testing, a development test demonstrated a potential reduction in the number of servers, a great reduction in staff workload, and a significant electrical conservation. The test result also showed “Intel® Rack Scale Architecture is that both server and network delivery times and fault response times could be significantly reduced. Having concluded that Intel® Rack Scale Architecture is suitable as a next-generation platform for an integral piece of architecture real-time computing, SoftBank is now planning to test expansion functions and functional improve- for real-time computing at ments in preparation for the launch of Intel® Rack Scale Architecture. SoftBank as we accelerate our Consolidation of Japanese to give them the competitive advantage and global strategy including the IoT, Telecommunications Companies differentiate themselves, they must adopt Poses Challenge for IT Infrastructure a common IT platform to achieve synergies artificial intelligence, Consolidation between the four merged companies and improve efficiency.
    [Show full text]
  • Technology and the Geography of the Foreign Exchange Market
    Working Paper Series Barry Eichengreen Cables, Sharks and Servers: Romain Lafarguette and Arnaud Mehl Technology and the Geography of the Foreign Exchange Market No 1889 / March 2016 Note: This Working Paper should not be reported as representing the views of the European Central Bank (ECB). The views expressed are those of the authors and do not necessarily reflect those of the ECB Abstract We analyze the impact of technology on production and trade in services, focusing on the foreign exchange market. We identify exogenous technological changes by the connection of countries to submarine fiber- optic cables used for electronic trading, but which were not laid for purposes related to the foreign exchange market. We estimate the impact of cable connections on the share of offshore foreign exchange transactions. Cable connections between local markets and matching servers in the major financial centers lower the fixed costs of trading currencies and increase the share of currency trades occurring onshore. At the same time, however, they attenuate the effect of standard spatial frictions such as distance, local market liquidity, and restrictive regulations that otherwise prevent transactions from moving to the major financial centers. Our estimates suggest that the second effect dominates. Technology dampens the impact of spatial frictions by up to 80 percent and increases, in net terms, the share of offshore trading by 21 percentage points. Technology also has economically important implications for the distribution of foreign exchange transactions across financial centers, boosting the share in global turnover of London, the world’s largest trading venue, by as much as one-third.
    [Show full text]
  • Prepaid Service Guide【English Version】
    Please feel free to contact one of the following numbers Contact Information with any questions or problems: SoftBank Customer Support General Information（toll-free） From SoftBank handset 1 5 7 24-hour access with live customer support From landline 0800-919-0157 from 9:00 to 20:00 (Japan time) Troubleshooting（toll-free） From SoftBank handset 1 1 3 From landline 0800-919-0113 Universal Service System □ What is the Universal Service Fund? This system was established to finance essential nationwide public telecommunications services (landlines, public phones, emergency communications, etc.) by NTT East and NTT West, via pro rata telecom operator contributions to ensure a fair and stable service environment for all households. □ Universal Service Fee The Universal Service System launch, from January 2007, means all SoftBank Prepaid Service customers will be assessed and required to pay a fixed Universal Service Fee each time they recharge their phone.* * For more information, including the fee amount, please consult your local SoftBank Shop staff; call our Customer Support, or visit our website. □ Changes in the Universal Service Fee The fee borne by each telephone company for each telephone number (unit price for each telephone number) is English Version reviewed and determined by the Telecommunications Carriers Association (Universal Service Fund administrator) and Prepaid Service Guide【 】 subject to revision every six months. For this reason, the telephone charge payable by respective customers based on such revision is subject to change. for SoftBank Smartphone For details, please visit the website of the Telecommunications Carriers Association at (http://www.tca.or.jp/), or contact the voice recording / fax message service (03-3539-4830, available 24 hours a day).
    [Show full text]
  • Softbank Corp
    SOFTBANK CORP. CONSOLIDATED FINANCIAL REPORT For the six-month period ended September 30, 2006 Tokyo, November 8, 2006 FINANCIAL HIGHLIGHTS 1. Results of Operations (Millions of yen; amounts less than one million yen are omitted.) Operating Ordinary income Net sales Net income (loss) income (loss) Amount % Amount % Amount % Amount % Six-month period ended ¥1,120,173 114.3 ¥112,552 2,457.8 ¥62,690 - ¥14,439 - September 30, 2006 Six-month period ended ¥522,787 72.1 ¥4,400 - ¥(13,483) - ¥(4,182) - September 30, 2005 Fiscal year ended ¥1,108,665 ¥62,299 ¥27,492 ¥57,550 March 31, 2006 Net income (loss) per Net income per share— primary (yen) share— diluted (yen) Six-month period ended ¥13.68 ¥12.84 September 30, 2006 Six-month period ended ¥(11.90) - September 30, 2005 Fiscal year ended ¥54.36 ¥50.71 March 31, 2006 Notes: 1. Equity in earnings under the equity method Six-month period ended September 30, 2006: ¥ 8,046 million Six-month period ended September 30, 2005: ¥ 4,378 million Fiscal year ended March 31, 2006: ¥ 9,521 million 2. Weighted-average number of shares issued and outstanding during each fiscal period (consolidated) Six-month period ended September 30, 2006: 1,055,140,098 shares Six-month period ended September 30, 2005: 351,456,370 shares Fiscal year ended March 31, 2006: 1,054,478,501 shares 3. Changes in accounting methods: No 4. Percentage changes for net sales, operating income, ordinary income (loss) and net income (loss) are compared with the corresponding period of the previous fiscal year.
    [Show full text]
  • Nber Working Paper Series Cables, Sharks and Servers
    NBER WORKING PAPER SERIES CABLES, SHARKS AND SERVERS: TECHNOLOGY AND THE GEOGRAPHY OF THE FOREIGN EXCHANGE MARKET Barry Eichengreen Romain Lafarguette Arnaud Mehl Working Paper 21884 http://www.nber.org/papers/w21884 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2016, Revised April 2021 We are grateful to Mark Aguiar, Pol Antràs, Thorsten Beck, Geert Bekaert, Bruno Biais, Jérôme Busca, Estelle Cantillon, Giancarlo Corsetti, Alexander Duering, Torsten Ehlers, Benoît Geller, Jérôme Héricourt, Jean Imbs, Takatoshi Ito, Amit Khandelwal, Philip Lane, Istvan Mak, Guy- Charles Marhic, Philippe Martin, Martin Uribe, Frank Packer, Hashem Pesaran, Romain Rancière, Andrew Rose, Alan Taylor and Xavier Vives for comments and discussions, as well as to seminar participants at the ECB, Goethe University Frankfurt and USC Dornsife and to participants at the Clausen Center Conference on Global Economic Issues, Berkeley, and to the Cambridge-INET conference on the microstructure of the FX market for comments. We thank Ziqi Li for excellent research assistance. We are also grateful to Denis Pêtre and Philip Wooldridge for providing unpublished Bank for International Settlements data on offshore foreign exchange trading. The views expressed are those of the authors and do not necessarily reflect those of the ECB, the Eurosystem, the IMF, or the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications. © 2016 by Barry Eichengreen, Romain Lafarguette, and Arnaud Mehl. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source.
    [Show full text]
  • Attachment 1 to ITC Application for Transfer of Control of Sprintcom
    Attachment 1 to Application for Transfer of Control of SprintCom, Inc. from Sprint Nextel Corporation to Starburst II, Inc. Answer to Question 10: Please see attached Joint Application for Consent to Transfer International and Domestic Authority Pursuant to Section 214 of the Communications Act of 1934, as Amended (“Joint Application”) at 3 for responses to paragraphs (c) and (d) of Section 63.18 with respect to the transferor and the transferee. Answer to Question 11: See Joint Application at 4-5 for the name, address, citizenship, and principal businesses of each person or entity that directly or indirectly owns at least ten (10) percent of the equity of the transferee, and the percentage of equity owned by each of those persons or entities. Answer to Question 12: The transferee has no interlocking directorates with a foreign carrier at this time, and has answered Question 12 “no.” Following consummation of the transaction, the transferee’s answer to this question may change to “yes”; see Joint Application at 5. Answer to Question 13: See Joint Application at Exhibit 2 for a narrative of the means by which the proposed assignment or transfer of control will take place. Answer to Question 14: See Joint Application at 6. Answer to Question 15: See Joint Application at 6. Answer to Question 16: See Joint Application at 6. Before the FEDERAL COMMUNICATIONS COMMISSION Washington, D.C. 20554 In the Matter of ) ) Applications of Sprint Nextel Corporation, ) Transferor ) ) SOFTBANK CORP., and Starburst II, Inc., ) Transferees ) File No. _______________ ) Joint Application for Consent to Transfer ) International and Domestic Authority Pursuant to ) Section 214 of the Communications Act of 1934, ) as amended ) JOINT APPLICATION FOR CONSENT TO TRANSFER INTERNATIONAL AND DOMESTIC AUTHORITY PURSUANT TO SECTION 214 OF THE COMMUNICATIONS ACT OF 1934, AS AMENDED Pursuant to Section 214 of the Communications Act of 1934, as amended (the “Communications Act”), 47 U.S.C.
    [Show full text]