TOKYO, August 5, 2004 - At a meeting held today, the board of directors of CSK CORPORATION ("CSK") resolved to sell to NPI Holdings 1,580,000 of the shares CSK holds in Bellsystem24 Inc.
Details are as follows:
- Outline of transaction
| 1. |
Number of shares held prior to transaction |
1,919,000 (39.17%) |
| 2. |
Number of shares to be transferred |
1,580,000
(Transaction sum of ¥42,660 million) |
| 3. |
Number of shares held post transaction |
339,000 (6.9%) |
- Schedule
August 5, 2004: Signing of share transfer agreement with NPI Holdings
- Effect on business results for fiscal year ending March 31, 2005
Completion of this transaction will result in Bellsystem24 Inc. being removed from the scope of CSK's consolidated accounts. Any impact on interim or full year forecasts will be announced as soon as practicable after confirmation of the figures and consideration of other relevant factors.
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