Announcement of Dividend from Subsidiary
SoftBank Telecom Corp. (“SoftBank Telecom”), a subsidiary of SoftBank Corp. (the “Company”), decided its dividend of surplus on February 25, 2015. 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 43,712 million
(b) Effective date
February 26, 2015
2. Impact on financial results of the Company
SoftBank Telecom is a wholly-owned subsidiary of the Company. The Company expects to record JPY 43,712 million in dividends received as non-operating income on a stand-alone basis, for the fiscal year ending March 2015. 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 JGAAP.
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