Press Releases 2024

Notice Regarding Determination of
Annual Dividend Rate of
Series 2 Bond-Type Class Shares

September 13, 2024
SoftBank Corp.

SoftBank Corp. (the “Company”) hereby announces that the Board of Directors today determined the annual dividend rate for the Preferred Dividend to the Series 2 Bond-Type Class Shares, which are to be issued pursuant to the resolution of the Board of Directors on August 30, 2024 (the “Offering”).

1. Annual Dividend Rate	(ⅰ) If the record date falls in a fiscal year ending on or before March 31, 2030: 3.200% per annum^* (ⅱ) If the record date falls in a fiscal year ending between April 1, 2030 and March 31, 2050: The interest rate of One-Year Japanese government bonds (JGBs) as of the date two business days before the last day of the fiscal year immediately before the fiscal year (Annual Rate Quotation Date) in which the record date falls plus 2.960% (ⅲ) If the record date falls in a fiscal year ending on or after April 1, 2050: The interest rate of One-Year Japanese government bonds (JGBs) as of the Annual Rate Quotation Date with respect to the fiscal year in which the record date falls plus 3.710% [Note] * The amount of the Preferred Dividend to Series 2 Bond-Type Class Shares with a record date of March 31, 2025 will be 126.24 yen (calculated based on actual day counts on a 365-day year basis).
2. Subscription Period	Tuesday, September 17, 2024 to Wednesday, October 2, 2024

1. Annual Dividend Rate

(ⅰ)
If the record date falls in a fiscal year ending on or before March 31, 2030:
3.200% per annum^*
(ⅱ)
If the record date falls in a fiscal year ending between April 1, 2030 and March 31, 2050:
The interest rate of One-Year Japanese government bonds (JGBs) as of the date two business days before the last day of the fiscal year immediately before the fiscal year (Annual Rate Quotation Date) in which the record date falls plus 2.960%
(ⅲ)
If the record date falls in a fiscal year ending on or after April 1, 2050:
The interest rate of One-Year Japanese government bonds (JGBs) as of the Annual Rate Quotation Date with respect to the fiscal year in which the record date falls plus 3.710%

[Note]

*
The amount of the Preferred Dividend to Series 2 Bond-Type Class Shares with a record date of March 31, 2025 will be 126.24 yen (calculated based on actual day counts on a 365-day year basis).

2. Subscription Period

Tuesday, September 17, 2024 to Wednesday, October 2, 2024

(Reference)

Ⅰ. Outline of Issuance of Series 2 Bond-Type Class Shares besides the Above

1. Class and Number of Shares for Subscription	Series 2 Bond-Type Class Shares of SoftBank Corp.: 25,000,000 shares
2. Aggregate Amount of Issue Price (Offer Price)	200 billion yen (8,000 yen per share)
3. Amount to be Paid in	8,000 yen per share
4. Amount of Increase in Common Stock and Additional Paid-in Capital	Amount of increase in common stock 100 billion yen (4,000 yen per share) Amount of increase in additional paid-in capital 100 billion yen (4,000 yen per share) [Note] * The Board of Directors of the Company has passed a resolution on August 30, 2024 to reduce its common stock and additional paid-in capital, in each case as shown on its statement of financial position, by the amount of the increase in common stock and additional paid-in capital as a result of the issuance of the Series 2 Bond-Type Class Shares through the Offering, as of the Payment Date, subject to that payment taking place, and to transfer the full amount of both to “other capital surplus.”
5. Payment Date	Thursday, October 3, 2024
6. Listing (Trading Commencement) Date	Friday, October 4, 2024

Ⅱ. Use of Proceeds

The Company intends to use the approximate net proceeds of 194,400,000,000 yen to finance capital expenditures for growth investments that will contribute to the medium- to long-term enhancement of corporate value, such as the realization of services using generative AI, and the construction of next-generation social infrastructure. The Company plans to make growth investments for the construction of a data center in Tomakomai, Hokkaido and of a large-scale AI data center utilizing the Sharp Corporation’s plant in Sakai City, Osaka and other next-generation social infrastructure, for which the Company intends to use the above-mentioned net proceeds by March 2027.

Note: This press release is intended to announce certain information regarding the issuance of the Series 2 Bond-Type Class Shares and has not been prepared for the purpose of soliciting investments or other conduct of similar nature whether in Japan, the United States, or elsewhere. This press release does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States. The securities referred to in this press release 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.

SoftBank, the SoftBank name and logo are registered trademarks or trademarks of SoftBank Group Corp. in Japan and other countries.
Other company, product and service names in this press release are registered trademarks or trademarks of the respective companies.