Sony 2015 Annual Report Download - page 110

In Japan, the ex-dividend date and the record date for dividends precede the date of determination of the
amount of the dividends to be paid. The price of the shares of Common Stock generally goes ex-dividend on the
second business day prior to the record date (or if the record date is not a business day, the third business day
prior thereto).
Distribution of Surplus — Restriction on distribution of Surplus
In making a distribution of Surplus, Sony Corporation must, until the sum of its additional paid-in capital
and legal reserve reaches one quarter of its stated capital, set aside in its additional paid-in capital and/or legal
reserve an amount equal to one-tenth of the amount of Surplus so distributed.
The amount of Surplus at any given time must be calculated in accordance with the following formula:
A+B+C+D-(E+F+G)
In the above formula:
“A” = the total amount of other capital surplus and other retained earnings, each such amount
being that appearing on the non-consolidated balance sheet as of the end of the last business
year
“B” = (if Sony Corporation has disposed of its treasury stock after the end of the last business
year) the amount of the consideration for such treasury stock received by Sony Corporation
less the book value thereof
“C” = (if Sony Corporation has reduced its stated capital after the end of the last business year) the
amount of such reduction less the portion thereof that has been transferred to additional
paid-in capital or legal reserve (if any)
“D” = (if Sony Corporation has reduced its additional paid-in capital or legal reserve after the end
of the last business year) the amount of such reduction less the portion thereof that has been
transferred to stated capital (if any)
“E” = (if Sony Corporation has cancelled its treasury stock after the end of the last business year)
the book value of such treasury stock
“F” = (if Sony Corporation has distributed Surplus to its shareholders after the end of the last
business year) the total book value of the Surplus so distributed
“G” = certain other amounts set forth in ordinances of the Ministry of Justice, including (if Sony
Corporation has reduced Surplus and increased its stated capital, additional paid-in capital or
legal reserve after the end of the last business year) the amount of such reduction and (if
Sony Corporation has distributed Surplus to the shareholders after the end of the last
business year) the amount set aside in additional paid-in capital or legal reserve (if any) as
required by ordinances of the Ministry of Justice.
The aggregate book value of Surplus distributed by Sony Corporation may not exceed a prescribed
distributable amount (the “Distributable Amount”), as calculated on the effective date of such distribution. The
Distributable Amount at any given time shall be equal to the amount of Surplus less the aggregate of the
following:
(a) the book value of its treasury stock;
(b) the amount of consideration for any of treasury stock disposed of by Sony Corporation after the
end of the last business year; and
(c) certain other amounts set forth in ordinances of the Ministry of Justice, including (if the sum of
one-half of goodwill and the deferred assets exceeds the total of stated capital, additional paid-in
capital and legal reserve, each such amount being that appearing on the non-consolidated balance
sheet as of the end of the last business year) all or certain part of such exceeding amount as
calculated in accordance with ordinances of the Ministry of Justice.
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