Press Releases 2016

Dividend from Subsidiary

August 22, 2016
SoftBank Group Corp.

SoftBank Group Corp. (“SBG”) announces that its wholly-owned subsidiary SB CHINA HOLDINGS PTE LTD (“SB China”) resolved its dividend of surplus on August 22, 2016, which is expected to cause the following impact to SBG's non-consolidated* financial results.

1. Outline of dividend by SB China

  • (1)
    Total dividend amount: JPY 2,372,865 million
  • (2)
    Payable date: August 22, 2016

2. Impact on SBG's financial results

On the dividends payable date, SBG expects to record JPY 2,372,865 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 income before income tax on its consolidated financial statements, as dividends received from a subsidiary are eliminated as inter-company transactions.

This dividend from a foreign subsidiary is subject to the foreign dividend exemption in Japan.

[Note]
  • *
    SBG's non-consolidated financial statements are prepared in accordance with JGAAP.
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