|By Business Wire||
|November 2, 2012 01:00 PM EDT||
SOFTBANK Group. today announced it will donate $500,000 to the American Red Cross Disaster Relief Fund to support ongoing relief efforts in areas affected by Hurricane Sandy. Within the amount of $500,000, $400,000 will be donated by SOFTBANK CORP.（TSE:9984) and $100,000 will be donated by its U.S subsidiary, SOFTBANK Holdings Inc. In addition, SOFTBANK will also be making donations from its employees.
“Our thoughts are with the millions of people in the Northeastern United States who have been impacted by Hurricane Sandy,” said Masayoshi Son, SOFTBANK Chairman and CEO. “With homes destroyed and families displaced, we hope that our donation can lend some needed assistance to those in the U.S. as they rebuild and recover.”
SOFTBANK CORP. was established in 1981 by its current Chairman & CEO Masayoshi Son and has based its business growth on the Internet. SOFTBANK Group is currently engaged in various businesses in the information industry, including mobile communications, broadband services, fixed-line telecommunications, and Internet Culture. In terms of consolidated results for fiscal 2011, net sales increased 6.6% year on year to \3.2 trillion, operating income increased 7.3% to \675.2 billion, and net income rose 65.4% to \313.7 billion.