Dividends Receipt from Consolidated SubsidiaryJun. 22, 2007
SOFTBANK CORP. (hereinafter ‘SOFTBANK’) today received dividends from Yahoo Japan Corporation (Head office: Minato-ku, Tokyo; Representative; Masahiro Inoue), a consolidated subsidiary of SOFTBANK as follows. This is based on the dividend from surplus resolved at Yahoo Japan Corporation’s Ordinary Shareholders’ Meeting held on June 21, 2007.
|(1)Receipt amount||approximately 2.3 billion yen|
|(2)Date of reception||June 22, 2007|
2. Impact on financial results
SOFTBANK expects to record approximately 2.3 billion yen in dividends received as non-operating income on a stand-alone basis, for the fiscal year ending March 31, 2008. As a result, SOFTBANK expects that the above mentioned dividends receipt will contribute approximately 2.3 billion yen to ordinary income and approximately 1.4 billion yen to net income.
On a consolidated basis, dividends received from a consolidated subsidiary will be eliminated as inter-company transaction.
- *The estimated corporate income tax is tentatively calculated by multiplying the above mentioned amount of dividends received with the effective tax rate of 40.69%
- Releases, announcements, presentations and other information available from this page and elsewhere on this website were prepared based on information available and views held at the time of preparation and speak only as of the respective dates on which they are filed or used by SoftBank Group Corp. or the applicable group company, as the case may be. Such information is subject to change and may become out-of-date. Such information may also contain forward-looking statements which are by their nature subject to various risks and uncertainties that may cause actual results and future developments to differ materially from those expressed or implied by such statements. Please read legal notices in its entirety prior to viewing any information available on this website.