Willcom to early reconstruction by public institution, Softbank etc. investigate investment

On September 24, 2009, in order to establish a profit base for business revitalization and business continuity and to fundamentally improve the financial structure, we requested the Business Revitalization Workers AssociationWillcom received official application for the procedure of "Specified Certified Dispute Resolution Procedure (Business Revitalization ADR) prescribed by Act on Special Measures for Industrial Revitalization Rehabilitation"However, it was revealed that it will switch to rebuilding using the public institution and will play early.

Also,It was revealed by the Yomiuri Shimbun's report in November 2009 that Softbank made a name as a support companyHowever, it is currently considered to consider investment.

Details are as below.
WILLCOM considering utilization of support mechanism Softbank and others will also invest - SankeiBiz (Sankei Biz)

WILLCOM, final adjustment to rebuild support mechanism, SOFTBANK Capital Investment | NIKKEI NET

According to reports by Sankei Shimbun and Nihon Keizai Shimbun, WILLCOM, which is undergoing reconstruction of business, is a public institution jointly-owned and public-Corporate Revitalization OrganizationIt seems that they are considering asking for assistance in the direction. This is because we are now undertaking a rebuilding plan using Willcom's business revitalization ADR, which is aimed at rebuilding early by using the corporate revitalization support organization.

The corporate revitalization support organization is planning to judge whether to make a support decision by receiving a formal application, but it seems that WILLCOM will respond to support as it is engaged in a highly public communication business with about 4.3 million subscribers It is expected to be the second case following Japan Airlines as a case of using the corporate revitalization support organization.

In addition, WILLCOM and the corporate rehabilitation support agency are planning to ask financial institutions to waive debts of a scale of tens of billion yen and are expected to agree at the creditors meeting held later this month, and Softbank and Advantage Partners, Although it is considered to consider investing in supporting and supporting Softbank, SoftbankPresented a statement that this report is "speculated articles"doing.

It is posted on the official page of WILLCOM(PDF file) Settlement of accounts for the fiscal year ended March 2009As far as looking at, up to 20 Mbps both ascending and descending are realized by rapid management reconstruction, considering that it is operating profit of 9 billion yen although it has 128.5 billion yen in interest bearing debt We are hoping to expect to promote the development of the next generation PHS (WILLCOM CORE XGP) high-speed communication service.