Resolution regarding Share Repurchase
(Share repurchase under the provisions of SBG's Articles of Incorporation pursuant to Article 165, Paragraph 2 of the Companies Act of Japan)
SoftBank Group Corp. (SBG) announces that on February 15, 2016 its Board of Directors resolved the repurchase of its own shares pursuant to Article 156 of the Companies Act of Japan as applied pursuant to Article 165, Paragraph 3.
1. Purpose of the Share Repurchase
To exercise agile management of capital policy corresponding to any changes of business environment
2. Details of the Share Repurchase
| (1) Class of shares to be repurchased: | Common stock of SBG |
|---|---|
| (2) Total number of repurchasable shares: | 167,000,000 (maximum) (14.2% of the total number of shares issued [excluding treasury stock]) |
| (3) Total repurchase amount: | JPY 500 billion (maximum) |
| (4) Repurchase period: | From February 16, 2016 to February 15, 2017 |
3. Remark
The proposed share repurchase will be funded through proceeds from sale of assets and cash on hand, but not through any debt procurement. During past 12 months (March 2015 to February 2016), SBG and its subsidiaries received approximately JPY300bn* from the means including sale of investment securities and receipt of dividends.
The amount includes the dividend that SBG's subsidiary expects to receive from its subsidiary in late February 2016. The amount excludes the dividend that SBG and its wholly-owned subsidiaries received from domestic telecommunications subsidiaries.
For Reference
Treasury stock held as of January 31, 2016
| Total number of shares issued (excluding treasury stock): | 1,173,957,538 shares |
|---|---|
| Number of treasury stock: | 26,702,827 shares |
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