Announcement of Dividend from Subsidiary
WILLCOM, Inc. (“WILLCOM”), a subsidiary of SoftBank Corp. (the “Company”), decided its dividend of surplus on January 23, 2014. 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 WILLCOM
| (a) Total amount of dividend | JPY 55,813 million |
|---|---|
| (b) Effective date | January 24, 2014 |
2. Impact on financial results of the Company
WILLCOM is a wholly-owned subsidiary of the Company. The Company expects to record JPY 55,510 million (the amount of retained earnings and additional paid-in capital after deduction of the return of capital) 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.
- *The Company's financial results on a stand-alone basis are prepared in accordance with Japanese GAAP.
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