Dividend from Subsidiary
SoftBank Group Corp. (SBG) announces that its subsidiary Mobiletech Corporation (“Mobiletech”) resolved its dividend of surplus on September 29, 2015, which is expected to cause the following impact to SBG's non-consolidated financial results.*
1. Outline of dividend by Mobiletech
(1) Total dividend amount
JPY 1,437,261 million
(2) Payable date
September 30, 2015
2. Impact on SBG's financial results
Mobiletech is SBG's wholly-owned subsidiary. As the dividend becomes payable SBG expects to record JPY 1,237,139 million (the total dividend amount after deduction of the return of capital) of dividends received as non-operating income on its non-consolidated financial statements for the fiscal year ending March 2016.
This dividend will not impact SBG's financial results on a consolidated basis, as dividends received from a subsidiary will be eliminated as inter-company transaction.
3. Note
Mobiletech owns SoftBank Corp.'s shares through BB Mobile Corp.
SBG's non-consolidated financial statements are prepared in accordance with JGAAP.
-
Releases, announcements, presentations and other information available from this page and elsewhere on this website were prepared based on information available and views held at the time of preparation and speak only as of the respective dates on which they are filed or used by SoftBank Group Corp. or the applicable group company, as the case may be. Such information is subject to change and may become out-of-date. Such information may also contain forward-looking statements which are by their nature subject to various risks and uncertainties that may cause actual results and future developments to differ materially from those expressed or implied by such statements. Please read legal notices in its entirety prior to viewing any information available on this website.
