Dividend from Subsidiary
SoftBank Group Corp. (“SBG”) announces that its wholly owned subsidiary SoftBank Group Japan Corporation (“SBGJ”) resolved its dividend of surplus on March 7, 2019, which is expected to cause the following impact to SBG's non-consolidated financial results.
1. Outline of dividend by SBGJ
- (1) Total dividend amount: JPY 2,069,777 million
- (2) Payable date: March 8, 2019
- (3) Dividend resource: Retained earnings
2. Impact on SBG's financial results
As the dividend becomes payable, SBG expects to record dividend income of JPY 2,069,777 million on its non-consolidated financial statements for the fiscal year ending March 2019. This dividend will have no impact on SBG's consolidated financial results, as dividend from a subsidiary is eliminated as an intercompany transaction.
SBG's non-consolidated financial statements are prepared in accordance with JGAAP.
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