Softbank Corp (56ID) - Dividend from Consolidated Subsidiary
RNS Number : 0822N
25 September 2012
September 25, 2012
Announcement of Dividend from Consolidated Subsidiary
SOFTBANK TELECOM Corp. (hereafter "SOFTBANK TELECOM") decided its dividend of
surplus on September 25, 2012. Expected impact caused by this dividend to the
financial results of SOFTBANK CORP., (hereafter "the Company"), on a
stand-alone basis are as follows.
1. Outline of dividend by SOFTBANK TELECOM
(a) Total amount of dividend: JPY 72, 492 million
(b) Effective date: September 26, 2012
2. Impact on financial results
SOFTBANK TELECOM is a wholly-owned subsidiary of the Company. Of which
81.7% is held directly by the Company, and 18.3% is held by SBBM Corporation
(hereafter "SBBM"), which is also a wholly-owned subsidiary of the Company.
(Please refer to the appendix.)
According to the number of directly owned shares, the Company expects to
record JPY 59,203 million in dividends received as non-operating income on a
stand-alone basis, for the fiscal year ending March 2013.
On a consolidated basis, dividends received from a consolidated
subsidiary will be eliminated as inter-company transaction.
Capital structure of the Company, SBBM and SOFTBANK TELECOM
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DIVLAMLTMBJTMFT -0- Sep/25/2012 09:58 GMT
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