Announcement of Dividend from Subsidiary
Mobiletech Corporation (“Mobiletech”), a subsidiary of SoftBank Corp. (the “Company”), decided its dividend of surplus on September 9, 2013. Expected impact caused by this dividend to the financial results of the Company on a stand-alone basis* is as follows.
1. Outline of dividend by Mobiletech
| (a) Total amount of dividend | JPY 135,000 million |
|---|---|
| (b) Effective date | September 10, 2013 |
2. Impact on financial results of the Company
Mobiletech is a wholly-owned subsidiary of the Company. The Company expects to record JPY 135,000 million in dividends received as non-operating income on a stand-alone basis* for the fiscal year ending March 2014.
On a consolidated basis, dividends received from a subsidiary will be eliminated as inter-company transaction.
3. Note
Mobiletech holds 100% of SoftBank Mobile Corp.'s shares through BB Mobile Corp.
- The Company's financial results on a stand-alone basis are prepared in accordance with Japanese GAAP.
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