Dividend from Subsidiary
SoftBank Group Corp. (“SBG”) announces that, on February 23, 2017, its wholly-owned subsidiary SOFTBANK GROUP CAPITAL APAC PTE. LTD. resolved its dividend of surplus which is expected to cause the following impact to SBG's non-consolidated * financial results.
1. Outline of dividend
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(1)
Total dividend amount: JPY 132,605 million
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(2)
Payable date: February 23, 2017
2. Impact on SBG's financial results
On the dividends payable date, SBG expects to record JPY 132,605 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.
SBG's non-consolidated financial statements are prepared in accordance with JGAAP.
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