Dividends Receipt from Consolidated Subsidiary
Jun. 10, 2008SOFTBANK 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.
1. Outline
| (1)Receipt amount | approximately 2.5 billion yen |
|---|---|
| (2)Date of reception | June 10, 2008 |
2.Impact on financial results
SOFTBANK expects to record approximately 2.5 billion yen in dividends received as non-operating income on a stand-alone basis, for the fiscal year ending March 31, 2009. As a result, SOFTBANK expects that the above mentioned dividends receipt will contribute approximately 2.5 billion yen to ordinary income and net income.
On a consolidated basis, dividends received from a consolidated subsidiary will be eliminated as inter-company transaction.
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