Recognition of Special Income in Non-consolidated Financial Statements
SoftBank Group Corp. (“SBG”) announces that it recognized a profit of JPY 350 billion and associates as special income in non-consolidated financial statements (Japan GAAP) for the fiscal year ended March 2018 as follows.
1. Outline of Special Income
As announced in “Announcement of Brand Trademark Licensing to SoftBank Corp.” dated March 23, 2018, SBG granted the partial usage rights of the “SoftBank” brand trademarks, which is effective indefinitely, in principle, to SoftBank Corp. As a result, SBG received JPY 350 billion in a lump sum as compensation for the rights on March 29, 2018, and recognized a profit of the equal amount as special income, in its non-consolidated financial statements for the fiscal year ended March 31, 2018.
2. Impact on SBG's Consolidated Financial Results
The impact of this transaction on SBG's consolidated financial results will be minor.
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