SoftBank : Recognition of Foreign Exchange Gain in Non-consolidated Financial Statements

Press Releases 2017

May 10, 2017
SoftBank Group Corp.

SoftBank Group Corp. ('SBG') announces that it recognized foreign exchange gain as non-operating income in its non-consolidated financial statements (Japan GAAP) for the fiscal year ended March 2017 as follows.

1. Outline of foreign exchange gain

SBG recognized foreign exchange gain of JPY 50,618 million as non-operating income in its non-consolidated financial statements for the fiscal year ended March 2017. This was recorded along with settlement and translation of foreign currency-denominated borrowings from a foreign subsidiary.

2. Impact on SBG's consolidated financial results

The abovementioned foreign exchange gain is included in foreign exchange gain and loss, as other non-operating income and loss in SBG's IFRS consolidated financial statements for the fiscal year ended March 2017.

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