Press Releases 2020

Notice Concerning Approval of Share Buyback Program

(Share buybacks pursuant to the articles of incorporation in accordance with
Article 459, Paragraph 1 of the Companies Act of Japan)

August 28, 2020
SoftBank Corp.

SoftBank Corp. (hereinafter the “Company”) hereby announces that the Board of Directors of the Company resolved to set up a share buyback program, pursuant to the Company's articles of incorporation in accordance with Article 459, Paragraph 1 of the Companies Act of Japan as follows, on August 28, 2020.

1. Purpose of the share buyback program

We aim to maintain or increase per-share dividends, with a guideline weighted average total shareholder return ratio (i.e., sum of total dividends and share buybacks, if any, divided by the total net income attributable to owners of the Company) of approximately 85% on a consolidated basis during the three fiscal years ending March 31, 2023 and will flexibly consider implementing additional share buyback programs. Today, following this policy on shareholder returns, we resolved to implement share buybacks (hereinafter the “Share Buybacks”). The Share Buybacks take into consideration the effect on the supply and demand of our shares following the secondary offering of shares of common stock of the Company announced today in the press release titled “Notice Concerning the Secondary Offering of Shares”, and is intended to save shares in preparation for future exercises of stock options (stock acquisition rights) as well as to enhance the flexibility of our capital policy.

2. Details of the share buyback program

1. Type of shares to be acquired Common stock
2. Total number of shares to be acquired Up to 80,000,000 shares
(1.68% of total shares outstanding (excluding treasury stock))
3. Total amount to be paid for acquisition Up to JPY 100 billion
4. Period of acquisition October 1, 2020 to March 31, 2021
5. Method of acquisition Market purchase on the Tokyo Stock Exchange, Inc. through a discretionary investment account trade to a securities company

(Reference) Treasury stock holdings as of June 30, 2020

Total number of shares outstanding
(excluding treasury stock)
Number of shares of treasury stock 37,831,100 shares

This document is a press release to publicly announce the Company’s Share Buybacks, and it has not been prepared for the purpose of soliciting investments or other conduct of similar nature whether in Japan, the United States, or elsewhere.

With respect to investing in the offering of common stock of the Company in Japan, investors are advised to do so based on their sole judgement after reviewing “the Prospectus on the Offering of Shares” (and revisions thereto, if prepared) prepared by the Company.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States. Shares of common stock of the Company have not been, and will not be, registered under the United States Securities Act of 1933, as amended (hereinafter the “Securities Act”). The securities may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. The securities referred to above will not be publicly offered or sold in the United States.