Dividends Receipt from Consolidated Subsidiary
Jun. 22, 2007SOFTBANK CORP. (hereinafter ‘SOFTBANK’) today received dividends from Yahoo Japan Corporation (Head office: Minato-ku, Tokyo; Representative; Masahiro Inoue), a consolidated subsidiary of SOFTBANK as follows. This is based on the dividend from surplus resolved at Yahoo Japan Corporation’s Ordinary Shareholders’ Meeting held on June 21, 2007.
1. Outline
| (1)Receipt amount | approximately 2.3 billion yen |
|---|---|
| (2)Date of reception | June 22, 2007 |
2. Impact on financial results
SOFTBANK expects to record approximately 2.3 billion yen in dividends received as non-operating income on a stand-alone basis, for the fiscal year ending March 31, 2008. As a result, SOFTBANK expects that the above mentioned dividends receipt will contribute approximately 2.3 billion yen to ordinary income and approximately 1.4 billion yen to net income.
On a consolidated basis, dividends received from a consolidated subsidiary will be eliminated as inter-company transaction.
- *The estimated corporate income tax is tentatively calculated by multiplying the above mentioned amount of dividends received with the effective tax rate of 40.69%
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