SoftBank Corp. ('The Company') announces that at the meeting of the Board of Directors held on October 28, 2019, its Board of Directors resolved the distribution of dividend from capital surplus with a record date of September 30, 2019 as follows.
The amount of dividend per share is in line with the forecast of dividend announced in 'Consolidated Financial Report for the Fiscal Year Ended March 31, 2019,' dated May 8, 2019.
1. Details of Dividend
Resolved Latest forecast
May 8, 2019) (Reference) Fiscal year ended
March 31, 2019
Record date September 30, 2019 Same as on the left - March 31, 2019
Dividend per share JPY 42.50 Same as on the left - JPY 37.50
Total dividend JPY 202,584 million - - JPY 179,518 million
Effective date December 6, 2019 - - June 10, 2019
Dividend resource Retained earnings - - Retained earnings
The Company considers the return of profits to shareholders to be an important priority along with the increase in corporate value in the mid- to long-term. The Company's dividend policy is to consider performance trends, financial condition and the Company's dividend payout ratio on a comprehensive basis while paying attention to the stability and sustainability of dividends. Based on the above policy, the Company aims to pay stable per-share dividends, with a guideline dividend payout ratio to net income of approximately 85% on a consolidated basis.
The Company resolved to pay dividends of JPY 42.50 per share at the end of the second quarter, as originally planned. Together with the year-end dividend of JPY 42.50, we plan to pay an annual dividend of JPY 85.00 per share.
(Reference) Breakdown of annual dividend
Dividend per share (JPY)
Record date Interim Year-end Total
Fiscal year ending March 2020 42.50
Fiscal year ended March 2019 37.50
(C) 2019 Electronic News Publishing, source ENP Newswire