Dividend Information

Fundamental policy for distribution of profit, and dividends for fiscal 2012 and following years

SOFTBANK strives to increase returns to shareholders by raising enterprise value and has a fundamental policy of returning appropriate amounts of profit to shareholders and other stakeholders.

SOFTBANK has prioritized reduction of its net interest-bearing debt in order to improve the Group's financial status after the acquisition of Vodafone K.K. (currently SOFTBANK MOBILE). SOFTBANK has steadily reduced its net interest-bearing debt, supported by strong results in the Mobile Communications segment. Net interest-bearing debt has been reduced to under 30% of the level at March 31, 2009 over three years. As a result of these efforts, SOFTBANK's credit ratings have been raised substantially.

In light of this improvement in the Group's financial status, growth potential of businesses and other factors, SOFTBANK has decided to change its policy. The Group will now focus on investing actively for sustained growth and returning profits to shareholders, while maintaining a sound financial status.

Under this new policy, SOFTBANK has decided to submit a request for approval regarding the matter of dividend payout to the 32nd Annual General Meeting of Shareholders scheduled on June 22, 2012, to raise the year-end dividend per share for the fiscal year by JPY 35.00 from JPY 5.00 in the previous fiscal year to JPY 40.00. This increase in the dividend for the fiscal year includes early implementation of the dividend increase previously planned for the fiscal year ending March 31, 2015.

Please refer to the links below for more details.

	Dividend per Share (yen)
FY2011 (April 2011 - March 2012)	5.00
FY2010 (April 2010 - March 2011)	5.00
FY2009 (April 2009 - March 2010)	2.50
FY2008 (April 2008 - March 2009)	2.50
FY2007 (April 2007 - March 2008)	2.50
FY2006 (April 2006 - March 2007)	2.50
FY2005 (April 2005 - March 2006)	2.33
FY2004 (April 2004 - March 2005)	2.33
FY2003 (April 2003 - March 2004)	2.33