General Announcement::Recognition of Gain on Sale of Investment Securities in Non-Consolidated Financial Results

Issuer & Securities

Issuer/ Manager
SOFTBANK GROUP CORP.
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
17-Jul-2024 14:28:48
Status
New
Announcement Sub Title
Recognition of Gain on Sale of Investment Securities in Non-Consolidated Financial Results
Announcement Reference
SG240717OTHRKSK6
Submitted By (Co./ Ind. Name)
Yotaro Agari
Designation
Global Head of Investor Relations
Description (Please provide a detailed description of the event in the box below)
SoftBank Group Corp. (SBG) announced today that it will record a gain on sale of investment securities of JPY 546.1 billion as extraordinary income in its non-consolidated financial results for the fiscal year ending March 31, 2025, as a result of the settlement of certain intra-group transactions (collectively referred to as the Intra-group Transactions , comprising the Intra-group Share Loan Agreement and the Intra-group Prepaid Forward Contracts, as defined below) between SBG and Gawain II 2022 Holdings Limited (Gawain II), a wholly owned subsidiary, related to the prepaid forward contracts using shares of Alibaba Group Holding Limited (Alibaba).
As stated in 2. Impact on financial results, no gain on sale of investment securities will be recognized in SBG s consolidated financial results.

Attachments

SBG 240717.pdf
Total size =167K