Press Releases 2007

Dividends Receipt from Consolidated Subsidiary

Jun. 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. Outline

(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%
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