Shareholder Returns & Dividends

Dividend Policy

During the fiscal year ending March 31, 2021 (FY2020) to the fiscal year ending March 31, 2023 (FY2022), our basic policy^*1 is to pay stable and continuous per-share dividends, and flexibly consider implementing share buyback programs, with a guidance total shareholder return ratio to net income attributable to owners of the SoftBank Corp. of approximately 85%^*2.

We consider the return of profits to shareholders to be an important goal for our management along with the increase in medium to long term corporate value. We believe we can achieve both a high rate of shareholder returns and growth investments based on our ability to make highly efficient investments in new businesses in cooperation with the SoftBank Group portfolio companies. To increase corporate value, we will make capital investments to enable early deployment of 5G nationwide, as well as continuing investments in new businesses.

Our basic policy is to distribute surplus twice a year as interim and year-end dividends. Our dividend policy is to consider performance trends, financial condition and the total shareholder return ratio including share buybacks on a comprehensive basis while paying attention to the stability and sustainability of dividends. For FY2020, the annual dividend per share is planned to be 86 yen (of which, the interim dividend per share is planned to be 43 yen).

We will continue to grow both telecommunications business and new businesses, striving to increase our corporate value and make an appropriate return of profit to shareholders.

[Notes]

1. *1
   Announced in August 2020. Our policy is changed from paying dividend per share with a guidance payout ratio of approximately 85% of net income attributable to owners of SoftBank Corp. to adding share buybacks as an option to paying dividends with a guidance total shareholder return ratio of approximately 85%. There is no change in the forecast of the dividend per share (86 yen) for FY2020, which we announced on May 11, 2020
2. *2
   Total dividends and share buybacks for FY2020 to FY2022 / total net income attributable to owners of SoftBank Corp. for FY2020 to FY2022