Press Releases 2016

Resolution regarding Share Repurchase (Share repurchase under the provisions of SBG's Articles of
Incorporation pursuant to Article 165, Paragraph 2 of the Companies Act of Japan)

February 15, 2016
SoftBank Group Corp.

SoftBank Group Corp. (SBG) announces that on February 15, 2016 its Board of Directors resolved the repurchase of its own shares pursuant to Article 156 of the Companies Act of Japan as applied pursuant to Article 165, Paragraph 3.

1. Purpose of the Share Repurchase

To exercise agile management of capital policy corresponding to any changes of business environment

2. Details of the Share Repurchase

(1) Class of shares to be repurchased: Common stock of SBG
(2) Total number of repurchasable shares: 167,000,000 (maximum)
(14.2% of the total number of shares issued [excluding treasury stock])
(3) Total repurchase amount: JPY 500 billion (maximum)
(4) Repurchase period: From February 16, 2016 to February 15, 2017

3. Remark

The proposed share repurchase will be funded through proceeds from sale of assets and cash on hand, but not through any debt procurement. During past 12 months (March 2015 to February 2016), SBG and its subsidiaries received approximately JPY300bn* from the means including sale of investment securities and receipt of dividends.

[Note]
  • *
    The amount includes the dividend that SBG's subsidiary expects to receive from its subsidiary in late February 2016. The amount excludes the dividend that SBG and its wholly-owned subsidiaries received from domestic telecommunications subsidiaries.

For Reference

Treasury stock held as of January 31, 2016

Total number of shares issued (excluding treasury stock): 1,173,957,538 shares
Number of treasury stock: 26,702,827 shares
  • Releases, announcements, presentations and other information available from this page and elsewhere on this website were prepared based on information available and views held at the time of preparation and speak only as of the respective dates on which they are filed or used by SoftBank Group Corp. or the applicable group company, as the case may be. Such information is subject to change and may become out-of-date. Such information may also contain forward-looking statements which are by their nature subject to various risks and uncertainties that may cause actual results and future developments to differ materially from those expressed or implied by such statements. Please read legal notices in its entirety prior to viewing any information available on this website.