Dividends from Subsidiaries
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 amount | USD 2,000 million |
|---|---|
| (2) Determination date | September 29, 2022 |
| (3) Payable date | September 29, 2022 |
| (4) Dividend resource | Retained earnings |
2. Shiodome 9
| (1) Total dividend amount | JPY 250,000 million |
|---|---|
| (2) Determination date | September 29, 2022 |
| (3) Payable date | September 29, 2022 |
| (4) Dividend resource | Retained earnings |
3. SBGJ
| (1) Total dividend amount | JPY 44,141 million |
|---|---|
| (2) Determination date | September 29, 2022 |
| (3) Payable date | September 29, 2022 |
| (4) Dividend resource | Retained 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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