TIDM56ID

RNS Number : 1160C

Softbank Corp

26 April 2012

April 26, 2012

SOFTBANK CORP.

Dividend Payout at Fiscal Year-end

SOFTBANK CORP. (hereafter "the Company") announces to submit a request for approval regarding the matter of dividend payout to the 32(nd) Annual General Meeting of Shareholders scheduled on June 22, 2012. This applies to shareholders on record as of the base date of March 31, 2012. The details are described below.

1. Details of Dividend

 
                    Resolution       Latest Forecast       Actual of 
                      Content           (Announced        Fiscal year 
                                        on May 9,         ended March 
                                          2011)          2011 (FY2010) 
--------------  ------------------  ----------------  ------------------ 
   Base date         March 31,         Same as on          March 31, 
                        2012             the left             2011 
--------------  ------------------  ----------------  ------------------ 
   Dividend          JPY 40.00             TBD             JPY 5.00 
   per share 
--------------  ------------------  ----------------  ------------------ 
 Total amount       JPY 43,940              -              JPY 5,411 
  of dividends        million                               million 
--------------  ------------------  ----------------  ------------------ 
   Effective       June 25, 2012            -            June 27, 2011 
      date 
--------------  ------------------  ----------------  ------------------ 
   Resource      Retained earnings          -          Retained earnings 
  of dividend 
--------------  ------------------  ----------------  ------------------

2. Reasons

The Company 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). The Company 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, the Company'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, the Company 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, the Company has decided to propose raising 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.

Reference Dividend break down

 
                            Dividend per Share 
--------------  ----------------------------------------- 
   Base date     Second Quarter   Fiscal Year     Total 
                       End            End 
--------------  ---------------  ------------  ---------- 
 FY2011 actual      JPY 0.00       JPY 40.00    JPY 40.00 
    and plan                         (plan)       (plan) 
--------------  ---------------  ------------  ---------- 
 FY2010 actual      JPY 0.00       JPY 5.00     JPY 5.00 
--------------  ---------------  ------------  ----------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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