Announcement of Dividend from Subsidiary
SoftBank Telecom Corp. (“SoftBank Telecom”), a subsidiary of SoftBank Corp. (the “Company”), decided its dividend of surplus on March 25, 2014. Expected impact caused by this dividend to the financial results of the Company, on a stand-alone basis* are as follows.
1. Outline of dividend by SoftBank Telecom
| (a) Total amount of dividend | JPY 44,119 million |
|---|---|
| (b) Effective date | March 26, 2014 |
2. Impact on financial results of the Company
SoftBank Telecom is a wholly-owned subsidiary of the Company. Of which 81.7% is held directly by the Company, and 18.3% is held by SBBM Corporation, which is also a wholly-owned subsidiary of the Company.
According to the number of directly owned shares, the Company expects to record JPY 36,031 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.
- *The Company's financial results on a stand-alone basis are prepared in accordance with Japanese GAAP.
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