Dividend from Subsidiary
SoftBank Group Corp. (“SBG”) announces that its wholly-owned subsidiary SB CHINA HOLDINGS PTE LTD (“SB China”) resolved its dividend of surplus on August 22, 2016, which is expected to cause the following impact to SBG's non-consolidated* financial results.
1. Outline of dividend by SB China
- (1)Total dividend amount: JPY 2,372,865 million
- (2)Payable date: August 22, 2016
2. Impact on SBG's financial results
On the dividends payable date, SBG expects to record JPY 2,372,865 million of dividends received as non-operating income on its non-consolidated financial statements for the fiscal year ending March 2017. This dividend will not impact SBG's income before income tax on its consolidated financial statements, as dividends received from a subsidiary are eliminated as inter-company transactions.
This dividend from a foreign subsidiary is subject to the foreign dividend exemption in Japan.
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 Such information is subject to change and may become out-of-date.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.