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Softbank Corp 56ID Dividend from Consolidated Subsidiary

  Softbank Corp (56ID) - Dividend from Consolidated Subsidiary

RNS Number : 0822N
Softbank Corp
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.



Appendix:

Capital structure of the Company, SBBM and SOFTBANK TELECOM



Click on, or paste the following link into your web browser, to view the
associated PDF document.



http://www.rns-pdf.londonstockexchange.com/rns/0822N_1-2012-9-25.pdf

                                      

                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


DIVLAMLTMBJTMFT -0- Sep/25/2012 09:58 GMT
 
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