Table of Contents

Who We Are

Message from Our CEO

Message from Our CFO

Growth Assets

Major Subsidiaries and Associates

Foundation for Our Growth

Financial Section

Corporate Information

As of March 31, 2024

Corporation
Subsidiaries
Company name

CapitalVoting rights (%)

Main businesses

Investment Business of Holding Companies Segment
SoftBank Group Overseas GK*1,11100.0

Holding company

SoftBank Group Capital Limited*1$5,508 K

100.0

Holding company

SoftBank Group Japan Corporation¥188,798 mn

100.0

Holding company

$0 K

100.0

Management of overseas investment¥101 mn

100.0

Holding company

STARFISH I PTE. LTD.

¥101,540 mn100.0Holding company

Hayate Corporation¥77,843 mn

100.0

Holding company

SB Pan Pacific Corporation¥48,249 mn

100.0

Holding company$1,139 K

100.0

Management of SVF1$310 K

100.0

Management of SVF2 and LatAm Funds

SoftBank Corp.

¥214,394 mn

40.7

Provision of mobile communications services; sale of mobile devices; provision of broadband communications services
and solution services in JapanA Holdings Corporation
LY Corporation*3¥100 mn¥248,145 mn

50.0
64.4

Holding company of shares of LY Corporation

SB Group US, Inc.
Shiodome Project 17 GK*2

¥2 mn

SoftBank Vision Funds Segment
SB Investment Advisers (UK) Limited
SB Global Advisers Limited

SoftBank Segment

Cybertrust Japan Co., Ltd.

Development of online advertising business, e-commerce business, members services business, and other businesses,and management of group companies of LY Corporation¥820 mn

57.6

IoT business, certification service business, security solution business, and Linux / OSS business

SB Technology Corp.*4¥1,271 mn

54.0

ICT service business focusing on cloud, security, IoT and AI

ITmedia Inc.

¥1,883 mn

53.4

Operation of comprehensive IT information site ITmedia¥328 mn

41.2

Internet advertising agency business

eMnet Japan.co.ltd.

Subsidiaries of LY Corporation
Z Intermediate Holdings Corporation

¥1 mn

100.0

Holding company

PayPay Corporation¥94,180 mn

100.0Development and provision of mobile payments and other electronic payment services

Z Financial Corporation¥36,604 mn

100.0Management of group companies of Z Financial Corporation

LINE SOUTHEAST ASIA CORP.PTE.LTD.

$220,500 K

100.0

Holding company

Alpha Purchase Co., Ltd.

¥557 mn

62.8

Sales of indirect materials such as consumable supplies; facility management

ValueCommerce Co., Ltd.*5
ZOZO, Inc.

¥1,728 mn¥1,360 mn

51.9
51.5

Affiliate advertising marketing service; StoreMatch online advertising distribution service
Planning and operation of fashion e-commerce website; operational support of brands’ own e-commerce website;
operation of fashion coordination app

PayPay Bank Corporation¥72,217 mn

46.6

Banking

ASKUL Corporation¥21,234 mn

45.0

Mail-order sale of stationery and services

SoftBank Group Report 2024

111

Table of Contents

Company nameWho We Are

Message from Our CEO

CapitalMessage from Our CFO

Growth Assets

Foundation for Our Growth

Voting rights (%)

Financial Section

Corporate Information

Main businesses

Arm Segment
Arm Holdings plc*6$1,311 K

88.7

Design of microprocessor intellectual property and related technology; sale of software tools and provision of relatedservices

Arm PIPD Holdings One, LLC*2,7$620,855 K

100.0

Holding company

Arm PIPD Holdings Two, LLC*2,7$426,016 K

100.0

Holding company

OtherFortress Investment Group LLC*2,8Fukuoka SoftBank HAWKS Corp.

–¥100 mn

100.0
100.0

Alternative investment management business
Ownership of professional baseball team; operation of baseball games; management and maintenance of baseballstadium and other sports facilities; distribution of video, voice, and data content via media

SoftBank Robotics Group Corp.

¥54,601 mn

87.8

Holding company

Balyo SA€ 2,749 K

73.5

Providing solutions for autonomous forklifts

AssociatesCompany name

CapitalVoting rights (%)

Main businesses

SoftBank Segment
Geniee, Inc.
C Channel Corporation¥1,553 mn

31.3

Advertising technology business¥10 mn29.0

E-commerce business; internet advertising and marketing¥100 mn

36.8

Operation of food delivery service Demae-can

Associates of LY Corporation
DEMAE-CAN CO., LTD

SoftBank Group Report 2024112

Table of Contents

Who We Are

Message from Our CEO

Message from Our CFO

Growth Assets

Foundation for Our Growth

Financial Section

Corporate Information

Fund子会社
Fund Name

Capital accepted

Investment ratio (%)

Main businesses

Investment Business of Holding Companies Segment
SB Northstar LP*9$34 bn100(66.7)

Investment in listed stocks and other financial instruments

SoftBank Vision Funds Segment
SoftBank Vision Fund L.P.*10$87 bn

33.6

Investment fund in the technology sector

SoftBank Vision Fund II-2 L.P.*11,12$57 bnInvestment fund in the technology sector

SBLA Latin America Fund LLC*12$7 bn

100.0(82.8)
100.0(82.8)

Investment fund in the technology sector*1 Effective November 27, 2023, SBG transferred to SoftBank Group Overseas GK, by contribution in kind, the entire tracking shares in SoftBank Group Capital Limited, which were linked with the value of SoftBank Group Capital Limited’s overseas investment portfolio.
*2 The voting rights represent the Company’s entire contributions as a percentage of capital.
*3 On October 1, 2023, Z Holdings Corporation completed the scheduled intragroup reorganization procedures, including the merger primarily among the company and its core wholly owned subsidiaries, LINE Corporation and Yahoo Japan Corporation, as well as changing its
trade name to LY Corporation.
*4 SoftBank implemented a tender offer from April 26, 2024, to June 11, 2024, through which it intends to acquire the equity interest (common shares and stock acquisition rights) in SB Technology Corp., in order to make SB Technology Corp. a wholly owned subsidiary.
SoftBank will undertake a series of procedures to make SB Technology Corp. a wholly owned subsidiary following the tender offer.
*5 ValueCommerce Co., Ltd., implemented a tender offer for its own shares from March 12, 2024, to April 9, 2024. Z Intermediate Holdings Corporation tendered and sold a portion of shares in ValueCommerce Co., Ltd. As a result of the completion of the tender offer, on May
2, 2024, ValueCommerce Co., Ltd., ceased to be a consolidated subsidiary of SBG and became an equity method affiliate.
*6 A corporate reorganization was undertaken in August 2023, pursuant to which Arm Holdings Limited, a former subsidiary of Arm Limited, acquired all the issued ordinary shares of Arm Limited, thereby making it a wholly owned subsidiary. Subsequently, Arm Holdings Limitedchanged its name to Arm Holdings plc and was listed on the Nasdaq Global Select Market through an initial public offering on September 14, 2023.
*7 Capital represents the amount of capital contribution.
*8 Fortress Investment Group LLC has not prepared stand-alone financial statements, thus a capital amount is not listed. On May 14, 2024, SBG sold its entire interest in Fortress Investment Group LLC, held through a subsidiary of SBG, to a subsidiary of Mubadala Investment
Company PJSC. Upon the completion of the sale, Fortress Investment Group LLC ceased to be a consolidated subsidiary of SBG.
*9 A figure in parentheses in the investment ratio represents the Company’s indirect investment ratio.
*10 The capital accepted of SoftBank Vision Fund L.P. includes the capital accepted by alternative investment vehicles. The investment ratio of SoftBank Vision Fund L.P. includes an incentive scheme related to SVF1.
*11 Effective November 30, 2023, SBG transferred to SoftBank Group Overseas GK, by contribution in kind, the entire equity interest in SoftBank Vision Fund II-2 L.P.
*12 The capital accepted and investment ratio include equity and preferred equity contributions under a co-investment program with MASA USA LLC, a company controlled by Masayoshi Son (Representative Director, Corporate Officer, Chairman & CEO of SBG) with restricted
rights to receive distributions. Figures in parentheses in the investment ratio represent the ratio of the Company’s equity interest in the co-investment program. The ratio of MASA USA’s equity stake in the co-investment program is 17.25%.

SoftBank Group Report 2024

113

Table of Contents

Who We Are

Message from Our CEO

Message from Our CFO

Growth Assets

Foundation for Our Growth

Financial Section

Corporate Information

Number of shares held(thousands)

Percentage of total
shares issued (%)

426,661
244,984
105,686
29,066
19,863
19,82819,15219,060
18,504
13,449916,253

29.11
16.71
7.21
1.98
1.35
1.35
1.31
1.30
1.26
0.92
62.50

Stock Information
Shareholder registrar

Mitsubishi UFJ Trust and BankingCorporation

Stock exchange registration Tokyo Stock Exchange, Prime Market
Securities code

9984

Number of shares
As of March 31, 2024

Shares authorized

7,200,000,000

Shares issued

1,469,995,230(including 4,069,831 of treasury stock)

Number of shareholders

191,559

As of March 31, 2024

Distribution by shareholder type
(%)

100

1.4
3.5

2.1
5.1

2.2
3.7

23.2

23.7

25.5

75

26.727.3

38.750

2.8
5.3

1.9
5.3

27.8

26.0

23.9

28.9

Major shareholders

As of March 31, 2024

NameMasayoshi Son
The Master Trust Bank of Japan, Ltd. (Trust Account)
Custody Bank of Japan, Ltd. (Trust Account)
JP MORGAN CHASE BANK 380763
HSBC HONG KONG-TREASURY SERVICES A/C ASIAN EQUITIES DERIVATIVESSTATE STREET BANK WEST CLIENT-TREATY 505234
SSBTC CLIENT OMNIBUS ACCOUNTSON CORPORATION LLCSON ASSETS MANAGEMENT LLC
JP MORGAN CHASE BANK 385781
Top 10 Shareholders

Notes:
1. Percentage of total shares issued is calculated by deducting treasury stock (4,069,831 shares).
2. Of the above numbers of shares held, those held by The Master Trust Bank of Japan, Ltd., and Custody Bank of Japan, Ltd., are all related to trust operations.
3. As for major shareholders, the number of shares held effectively by Masayoshi Son, verified by SBG, is presented as has been hitherto on a combined basis (by means of namebased aggregation), while those held by other major shareholders are presented precisely as reported in the register of shareholders.

Stock price and trading volume(Yen)
12,000(Yen)
48,00011,00044,00010,00040,0009,000

36,0008,000

32,0007,000

28,0006,000

24,0005,000

20,0004,000

16,000

3,000
1,000

25

36.9

39.7

37.6

29.4
4.4

1.0
2019

025

2014

Stock price (left)

16.80(Million shares)
50

2,000

28.4

2020

Treasury stock
Overseas institutions and individuals
Domestic other companies

2021

0.5
2022

2016

Trading volume (right)

2017

2018

2019

2020

2021

2022

2023

2024

(CY)

0

Nikkei 225 (right)

0.3

Note: Stock prices are average prices for each month, and trading volumes are average daily trading volumes for each month. The stock prices and trading volumes have been adjusted to reflect the share split on June 28, 2019.

(FYE)

Market capitalization

2023

Domestic individuals and others
Domestic financial institutions
Financial instrument firms

2015Market capitalization (Trillions of yen)

(FYE)

2019

2020

2021

2022

2023

7.8

16.2

9.2

7.6

13.1

Note: Market capitalization is calculated by multiplying the stock price by the total number of shares issued (excluding treasury stock after adjusting for the aforementioned sharesplit) as of the end of each fiscal year.

SoftBank Group Report 2024

114

Table of Contents

Who We Are

Corporate Data
Corporate name

SoftBank Group Corp.

Founded

September 3, 1981

Corporate headquarters

1-7-1, Kaigan, Minato-ku,
Tokyo 105-7537, Japan

Telephone number+81-3-6889-2000

Representative

Masayoshi Son
Representative Director,
Corporate Officer,
Chairman & CEO

Share capital¥238.8 billion

Number of subsidiaries

1,254

Number of associates

571

Number of joint ventures

27

Number of employees

255(consolidated basis: 65,352)

Main business

Pure holding company

Independent auditor

Deloitte Touche Tohmatsu LLC*1 FTSE Russell (the trading name of FTSE International Limited and Frank Russell Company) confirms that SoftBank GroupCorp. has been independently assessed according to the FTSE4Good criteria, and has satisfied the requirements tobecome a constituent of the FTSE4Good Index Series. Created by the global index provider FTSE Russell, theFTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental,
Social and Governance (ESG) practices. The FTSE4Good indices are used by a wide variety of market participants tocreate and assess responsible investment funds and other products.
*2 FTSE Russell confirms that SoftBank Group Corp. has been independently assessed according to the index criteria, andhas satisfied the requirements to become a constituent of the FTSE Blossom Japan Index. Created by the global index
and data provider FTSE Russell, the FTSE Blossom Japan Index is designed to measure the performance of companies
demonstrating strong Environmental, Social and Governance (ESG) practices. The FTSE Blossom Japan Index is used bya wide variety of market participants to create and assess responsible investment funds and other products.
*3 FTSE Russell confirms that SoftBank Group Corp. has been independently assessed according to the index criteria, andhas satisfied the requirements to become a constituent of the FTSE Blossom Japan Sector Relative Index. The FTSE
Blossom Japan Sector Relative Index is used by a wide variety of market participants to create and assess responsible
investment funds and other products.
*4 THE INCLUSION OF SoftBank Group Corp. IN ANY MSCI INDEX, AND THE USE OF MSCI LOGOS, TRADEMARKS,SERVICE MARKS OR INDEX NAMES HEREIN, DO NOT CONSTITUTE A SPONSORSHIP, ENDORSEMENT OR PROMOTION
OF SoftBank Group Corp. BY MSCI OR ANY OF ITS AFFILIATES. THE MSCI INDEXES ARE THE EXCLUSIVE PROPERTY OFMSCI. MSCI AND THE MSCI INDEX NAMES AND LOGOS ARE TRADEMARKS OR SERVICE MARKS OF MSCI OR ITSAFFILIATES.
*5 As of the date of the publication of this Annual Report

SoftBank Group Report 2024

Message from Our CEO

Message from Our CFO

Growth Assets

Foundation for Our Growth

Financial Section

Corporate Information

As of March 31, 2024

Selection for major indices

Investor Relations

Nikkei Stock Average• JPX-Nikkei Index 400• TOPIX Core 30 / TOPIX 100 / TOPIX 500 / TOPIX 1000
• Nikkei 500 Stock Average• Nikkei Stock Index 300• FTSE4Good Index Series*1• FTSE Blossom Japan Index*2• FTSE Blossom Japan Sector Relative Index*3• MSCI Japan Empowering Women Index (WIN)*4• S&P/JPX Carbon Efficient Index

We provide videos and related materials of the latest earnings results
briefings and IR-related news, among others.

•Sustainability
We feature our various environmental, social, and governance (ESG)
efforts, as well as our ESG Data collection.

Credit ratings
Rating agency

Long-term bondStandard & Poor’s

BB+*5

Short-term bond—Japan Credit Rating Agency

A*5J –1

External evaluations on sustainability•••

Selected as “The Sustainability Yearbook Member” as a company in the top 15%
of each industry in “The Sustainability Yearbook 2024,” a listing of companies withoutstanding sustainability performance. (2024, S&P Global)
Received an A- score in the overall rating in the field of climate change and an A
(Supplier Engagement Rating Leader), the highest rating, in the Supplier Engagement
Rating. (2023, CDP)
Granted “Eruboshi” Level 3 (highest grade) certification as a company promoting
women’s advancement (2024, Ministry of Health, Labour and Welfare)

Follow us

XYouTube

LinkedInx.com/
softbank_group

youtube.com/c /SoftBankGroup/

jp.linkedin.com/company/
softbankgroup115