Softbank Corp : Issue of the 38th Unsecured Straight Corporate Bond

January 20, 2012
SOFTBANK CORP.

SOFTBANK CORP. announces that it has determined the following terms and conditions for the issuance of its 38th unsecured straight corporate bond with inter-bond pari passu clause as follows.

1. Total amount of issue	JPY 50 billion
2. Denomination per bond	JPY 100 million
3. Coupon rate	0.42% per annum
4. Issue price	100% of the principal amount
5. Redemption price	100% of the principal amount
6. Term	2 years
7. Maturity date	January 27, 2014
8. Redemption	The bonds will be redeemed in full upon maturity. The bonds may also be repurchased and redeemed at any time commencing from the first day following the closing date, subject to requirements of the book-entry transfer institution.
9. Coupon payment dates	January 27 and July 27 of each year
10. Offering period	January 20, 2012
11. Closing date	January 27, 2012
12. Method of offering	Offering to the general public in Japan
13. Collateral	No collateral or guarantee is pledged and no assets are specifically reserved to secure these bonds.
14. Covenants	Negative pledge clause
15. Underwriters	Daiwa Securities Capital Markets Co. Ltd. Nomura Securities Co., Ltd. SMBC Nikko Securities Inc.
16. Fiscal agent	Mizuho Corporate Bank, Ltd.
17. Book-entry transfer institution	Japan Securities Depository Center, Inc.
18. Rating	A- (Japan Credit Rating Agency, Ltd.)
19. Use of proceeds	Redemption of bonds and repayment of borrowings

This press release relates to offerings of Japanese Yen-denominated Bonds (the "Bonds") that are intended to be directed into Japan and its residents thereof in accordance with the laws, customary practices and documentation of Japan. This press release does not constitute an offer of any securities for sale in the United States. The Bonds have not been registered under the United States Securities Act of 1933, as amended (the "Act"), and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Act.

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