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Notice regarding dividends from surplus for the fiscal year ending March 2025 (no dividends)


SB Technology Corp.

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At the Board of Directors meeting held today, the Company resolved to take measures as announced separately today: Notice of Expression of Opinion in Support of the Tender Offer for the Company's Shares by Our Parent Company, SoftBank Corp. and Recommendation to Tender" (the "Company's Opinion Press Release"), in light of the planned tender offer (the "Tender Offer") by SoftBank Corp. (the "Offeror") for the Company's common shares (the "Company Shares") and Stock Acquisition Rights (the "Stock Acquisition Rights"), the Company hereby announces that it has resolved not to pay any dividends of surplus with a record date of September 30, 2024 (the end of the second quarter) and not to pay any dividends of surplus with a record date of March 31, 2025 (the end of the fiscal year).

Record

1. Dividend for the fiscal year ending March 2025 (no dividend)

(1) Details of dividends from surplus with a record date of September 30, 2024 (end of second quarter)

Decided amount ※1 Latest dividend forecast
(Announced on April 25, 2024)
Previous period results
(Fiscal year ending March 2024)
Reference date September 30, 2024 September 30, 2023
Dividend per share 0 yen 00 sen 30 yen 00 sen
Total dividend amount 597 million yen *2
Effective date December 1, 2023
Dividend source an earned surplus

*1 This was resolved at the Board of Directors meeting held today.
*2 Total dividend amounts are rounded down to the nearest million yen.

(2) Details of dividends from surplus with the record date being March 31, 2025 (end of fiscal year)

Decided amount ※1 Latest dividend forecast
(Announced on April 25, 2024)
Previous period results ※2
(Fiscal year ending March 2024)
Reference date March 31, 2025 March 31, 2024
Dividend per share 0 yen 00 sen 40 yen 00 sen
Total dividend amount 796 million yen *3
Effective date June 17, 2024
Dividend source an earned surplus

*1 This was resolved at the Board of Directors meeting held today.
*2 The proposal is scheduled to be resolved at the Ordinary General Meeting of Shareholders to be held in June 2024.
*3 Total dividend amounts are rounded down to the nearest million yen.

2. Reason

At the Board of Directors meeting held today, the Company resolved to express an opinion in support of the Tender Offer if it is commenced, to recommend that the Company's shareholders tender their shares in the Tender Offer, and to leave it to the discretion of the holders of the Stock Acquisition Rights (the "Stock Acquisition Rights Holders") as to whether or not to tender their shares in the Tender Offer.
The resolution of the Board of Directors was made on the assumption that the Offeror intends to make the Company a wholly owned subsidiary through the Tender Offer and a series of subsequent procedures, and that the Company's shares will be delisted. For details, please refer to the Company's opinion press release issued separately today.
Our company regards the interests of shareholders as one of its most important management policies, and is committed to continuously improving its corporate value while strengthening its corporate structure. As a policy for returning profits to shareholders, the Company has adopted a policy of distributing results through dividends, while taking into consideration each fiscal year's consolidated business performance, investment plans, the status of cash on hand, and other factors, in a stable and continuous manner. The Company has also adopted a policy of considering the acquisition and cancellation of treasury shares, etc., as necessary, while taking into consideration share price trends and financial condition, etc. However, since the purchase price per Company Share and the purchase price per Stock Acquisition Right in the Tender Offer have been comprehensively judged and determined on the premise that no dividends of surplus with a record date of September 30, 2024 (end of the second quarter) and no dividends of surplus with a record date of March 31, 2025 (end of the fiscal year) will be paid, the Company has resolved not to pay dividends of surplus with a record date of September 30, 2024 (end of the second quarter) and no dividends of surplus with a record date of March 31, 2025 (end of the fiscal year).

that's all

Contact information for inquiries from media regarding this matter

○ SB Technology Corp. Management Headquarters Corporate Planning Headquarters Corporate Planning Department
Email: sbt-ir@tech.softbank.co.jp