Acquisition-related Costs for Sprint AcquisitionOctober 15, 2013
As announced in the press release “Completion of Acquisition of Sprint” dated July 11, 2013, SoftBank Corp. (the “Company”) completed its investment of approximately USD 21.6 billion in Sprint Nextel Corporation (currently Sprint Communications, Inc.) on July 10, 2013. The Company announces the acquisition-related costs for the transaction as follows:
1. Acquisition-related costs
JPY 12.1 billion
2. Impact on the financial results of the Company
JPY 3.7 billion was recorded as selling, general and administrative expenses on its consolidated statement of income under IFRS for the fiscal year ended March 31, 2013, and JPY 8.4 billion is to be recorded in the six-month period ended September 30, of the fiscal year ending March 31, 2014.
This material was prepared based on information available and views held at the time it was made. Statements in this material that are not historical facts, including, without limitation, plans, forecasts and strategies are “forward-looking statements”.
Forward-looking statements are by their nature subject to various risks and uncertainties, including, without limitation, a decline in general economic conditions, general market conditions, technological developments, changes in customer demand for products and services, increased competition, risks associated with international operations, and other important factors, each of which may cause actual results and future developments to differ materially from those expressed or implied in any forward-looking statement.
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Any statements made herein regarding Sprint Corporation or Sprint Communications, Inc. (together, “Sprint”) are made by SoftBank solely in its capacity as an investor in Sprint. None of such statements are made on behalf of or attributable to Sprint. Any information contained herein regarding Sprint is subject to any and all subsequent disclosures made by Sprint on its own behalf. Neither Sprint nor SoftBank undertakes any obligation to update the information contained herein in connection with any subsequent disclosures made by Sprint, or to reflect any other subsequent circumstances or events. Nothing contained herein may be construed as an obligation on the part of Sprint to provide disclosures or guidance on its own behalf.
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