Dividend from Subsidiary
September 29, 2015
SoftBank Group Corp.
SoftBank Group Corp. (SBG) announces that its subsidiary Mobiletech Corporation (“Mobiletech”) resolved its dividend of surplus on September 29, 2015, which is expected to cause the following impact to SBG's non-consolidated financial results.*
1. Outline of dividend by Mobiletech
(1) Total dividend amount
JPY 1,437,261 million
(2) Payable date
September 30, 2015
2. Impact on SBG's financial results
Mobiletech is SBG's wholly-owned subsidiary. As the dividend becomes payable SBG expects to record JPY 1,237,139 million (the total dividend amount after deduction of the return of capital) of dividends received as non-operating income on its non-consolidated financial statements for the fiscal year ending March 2016.
This dividend will not impact SBG's financial results on a consolidated basis, as dividends received from a subsidiary will be eliminated as inter-company transaction.
Mobiletech owns SoftBank Corp.'s shares through BB Mobile Corp.
- *SBG's non-consolidated financial statements are prepared in accordance with JGAAP.
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