Softbank Corp. said Friday it registered a consolidated net profit of 8.45 billion yen in fiscal 1999, down 77.5 percent from the previous year.

Profit per share in fiscal 1999, which ended March 31 this year, was 78.05 yen, down from 365.38 yen.

Softbank attributed the decrease to an extraordinary loss of around 196 billion yen in connection with the sale of U.S. subsidiary Kingston Technology Co. and the sale of shares in another U.S. subsidiary, Ziff-Davis Inc.