Streaksai Regulatory News (STK)

29 Dec 2005 07:27

Softbank Corp29 December 2005 December 22, 2005 Announcement of dividend receipt from a consolidated subsidiary SOFTBANK CORP. ("the Company") announced that it today received dividend fromSOFTBANK Holdings Inc. (Head Office: Delaware, USA; Representative: RonaldFisher; hereafter "SBH"), its wholly-owned subsidiary. The details are asfollows: 1. Outline (1) Amount of dividend received: $86 million (Approx. 10.1 billion yen; converted amount in yen at an exchange rate of 117.64yen/ $ on December 22, 2005) (2) Date of dividend receipt: December 22, 2005 2. Impact both on Stand-alone and Consolidated financial results As a result of the above-mentioned transaction, the Company expects to recorddividend income of 10.1 billion yen in the 3rd quarter of the fiscal year endingMarch 2006, as non-operating profit, which will result in the increase of 6billion yen in net profit after deducting 4.1 billion yen of tax expenses, instand-alone accounting. On the other hand, dividend income will be eliminated in consolidatedaccounting. Therefore the Company expects to record 4.1 billion yen of taxexpenses, resulting in decrease of the same amount in net profit (Note: The above tax expenses are tentatively calculated by multiplying dividendincome with the effective tax rate of 40.69%.) This information is provided by RNS The company news service from the London Stock Exchange