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Dividends from Subsidiaries

SoftBank Group Corp.

SoftBank Group Corp. (“SBG”) announced today that three of its wholly owned subsidiaries, SoftBank Group Capital Limited (“SBGC”), Shiodome Project 9 GK (“Shiodome 9”), and SoftBank Group Japan Corporation (“SBGJ”), each determined their dividends of surplus, which are expected to cause the following impact to SBG’s non-consolidated financial results.

These dividends will have no impact on SBG’s consolidated financial results, as dividends from subsidiaries are eliminated as intercompany transactions.

I. Outline of dividends by subsidiaries

1. SBGC

(1) Total dividend amountUSD 2,000 million
(2) Determination dateSeptember 29, 2022
(3) Payable dateSeptember 29, 2022
(4) Dividend resourceRetained earnings

2. Shiodome 9

(1) Total dividend amountJPY 250,000 million
(2) Determination dateSeptember 29, 2022
(3) Payable dateSeptember 29, 2022
(4) Dividend resourceRetained earnings

3. SBGJ

(1) Total dividend amountJPY 44,141 million
(2) Determination dateSeptember 29, 2022
(3) Payable dateSeptember 29, 2022
(4) Dividend resourceRetained earnings

II. Impact on SBG’s financial results

As the dividends become payable, SBG expects to record dividends from subsidiaries and associates of JPY 582,821 million* as operating revenue on its non-consolidated financial statements for the fiscal year ending March 2023. These dividends will have no impact on SBG’s consolidated financial results, as dividends from subsidiaries are eliminated as intercompany transactions.

*Calculated at exchange rate of USD=JPY 144.34

Note: SBG’s non-consolidated financial statements are prepared in accordance with JGAAP.

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