Shareholder Returns

We aim to pay stable per-share dividends, with a guideline dividend payout ratio to net income of approximately 85% on a consolidated basis.

We consider stable and sustainable return of profit to our shareholders as an important goal for our management, along with increasing corporate value in the mid- to long-term. 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. Our dividend policy is to consider performance trends, financial condition and our dividend payout ratio on a comprehensive basis while paying attention to the stability and sustainability of dividends. Our policy is to distribute surplus twice a year as mid-term dividends and fiscal year-end dividends.

In light of the period between the listing of our shares and the record date for the dividends at the end of the current fiscal year, we plan to decide the amount of our year-end dividend for the current fiscal year ending March 31, 2019, based on a guideline dividend payout ratio approximately one-half of 85% of net income on a consolidated basis.