Dividend from Subsidiary
June 28, 2016
SoftBank Group Corp.
SoftBank Group Corp. (“SBG”) announces that its subsidiary SoftBank Corp. (“SoftBank”) resolved its dividend of surplus on June 28, 2016, which is expected to cause the following impact to SBG's non-consolidated financial results.*
1. Outline of dividend by SoftBank Corp.
(1)Total dividend amount: JPY 416,551 million
(2)Payable date: June 29, 2016
2. Impact on SBG's financial results
SBG holds 99.99% shares of SoftBank. As the dividend becomes payable SBG expects to record JPY 416,492 million of dividends received as non-operating income on its non-consolidated financial statements for the fiscal year ending March 2017.
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.
- *SBG's non-consolidated financial statements are prepared in accordance with JGAAP.
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