2024年3⽉期 第1四半期 決算データシート
Data Sheet for the First Quarter Ended June 30, 2023
⽬次

Index

❏ 連結業績概要
❏ 持株会社投資事業❏ ソフトバンク・ビジョン・ファンド事業❏ SVF1 エグジット前の投資の内訳（公開／未公開別）❏ SVF2 エグジット前の投資の内訳（公開／未公開別）❏ SVF1&2 エグジット前の投資の内訳（セクター別）❏ SVF1 投資先⼀覧❏ SVF2 投資先⼀覧❏ SVF1&2 投資先の株式公開実績・予定❏ LatAmファンド 投資先⼀覧❏ ソフトバンク事業❏ アーム事業／KPI❏ その他❏ Consolidated Results Summary❏ Investment Business of Holding Companies Segment❏ SoftBank Vision Funds Segment❏ SVF1 Investments Before Exit by Public/Private❏ SVF2 Investments Before Exit by Public/Private❏ SVF1&2 Investments Before Exit by Sector❏ SVF1 Portfolio❏ SVF2 Portfolio❏ Stock Offerings/Offering Plans for SVF1&2 Portfolio Companies❏ LatAm Funds Portfolio❏ SoftBank Segment❏ Arm Segment / KPIs
❏ Other-2-3-4-5-6-7-8-9/10/11-12-13-14-15-16-

ソフトバンクグループ㈱単体の財務情報❏ NAVとLTV❏ LTV計算（2023年6⽉末）❏ NAVとLTVの定義❏ 債務返済スケジュール❏ 社債・コマーシャルペーパー明細

Financial Information of SBG Standalone❏ NAV and LTV❏ LTV Calculation as of June 30, 2023
❏ Definition of NAV and LTV❏ Repayment Schedule❏ Corporate Bonds and Commercial Paper Details-17-18-19/20-21-22/23--1-

連結業績概要 | Consolidated Results Summary（監査前 | Unaudited）

FY2022

FY2023Q1

Q2

Q31,572,030

1,610,447

1,693,296

1,694,666

6,570,439

1,557,507

883,791

837,538

857,794

748,919

3,328,042

832,075-2,834,440

1,984,842-511,568

526,107-835,059-698,957

111,223

3,413,432

174,945

860,900

4,560,500-689,697-2,919,130-1,434,412-653,213-315,510-5,322,265-13,043-26,533

5,822-33,300-19,283-73,2943,783

販売費及び⼀般管理費 | Selling, general and administrative expenses-626,513-627,827-666,775-774,213-2,695,328-648,080

財務費⽤ | Finance cost

-114,139-200,078-119,291-122,394-555,902-139,601

為替差損益 | Foreign exchange gain (loss)-819,969-275,457

367,442-44,286-772,270-464,642

持分法による投資損益 | Income (loss) on equity method investments-158,370

103,500-15,741-26,066-96,677-18,319-259,250

1,289,030-410,193-565,331

54,256

849,629

631,367

387,374

127,038-17,830

1,127,949-58,081

5,068

86,169-211,379

96,004-24,138

169,782

税引前利益 | Income before income tax-3,292,455

3,585,091-582,673-179,090-469,127-176,194

純利益 | Net income-3,096,321

3,082,759-744,678-31,561-789,801-316,194

親会社の所有者に帰属する純利益 |Net income attributable to owners of the parent-3,162,700

3,033,602-783,415-57,631-970,144-477,616

営業活動によるキャッシュ・フロー | Cash flows from operating activities

140,805

414,715

169,326

16,446741,292-172,574

投資活動によるキャッシュ・フロー | Cash flows from investing activities

286,098-14,804

191,918

84,366

547,578-307,791

財務活動によるキャッシュ・フロー | Cash flows from financing activities

175,926-754,254-297,550

1,067,395

191,517529,565（百万円 | Millions of yen）

売上⾼ | Net sales
売上総利益 | Gross profit
投資損益合計 | Total gain (loss) on investments
持株会社投資事業からの投資損益 |Gain (loss) on investments at Investment Business of Holding Companies
SVF事業からの投資損益 |Gain (loss) on investments at SoftBank Vision Funds
その他の投資損益 | Gain (loss) on other investments

デリバティブ関連損益（投資損益を除く）|
Derivative gain (loss) (excluding gain (loss) on investments)
SVFにおける外部投資家持分の増減額 |Change in third-party interests in SVF
その他の損益 | Other gain (loss)

-2-

Q4

年度 | Full year

Q1

Q2

Q3

Q4

年度 | Full year

持株会社投資事業 | Investment Business of Holding Companies Segment（監査前 | Unaudited）

FY2022（百万円 | Millions of yen）

Q1

Q2

FY2023

Q3

Q4

年度 |
Full year

Q1

Q2

持株会社投資事業からの投資損益 |Gain (loss) on investments at Investment Business of Holding Companies

111,233

3,413,475

175,008

860,852

4,560,568-689,697

アリババ株式先渡売買契約決済関連利益 |Gain relating to settlement of prepaid forward contracts using Alibaba shares

97,2634,740,988--

4,838,251-

Tモバイル株式売却関連損益 |Gain relating to sales of T-Mobile shares

24,842---

24,842-

資産運⽤⼦会社からの投資の実現損益*1 |Realized gain (loss) on investments at asset management subsidiaries*1

7,176-61,402-15,678-4,046-73,950-59

資産運⽤⼦会社からの投資の未実現評価損益*1 |Unrealized gain (loss) on valuation of investments at asset management subsidiaries*1-69,479

10,676-4,013-4,238-67,054906

資産運⽤⼦会社からの投資に係るデリバティブ関連損益*1 |Derivative gain (loss) on investments at asset management subsidiaries*1-5,246

-596

846

-106

-5,10218-400-147,266-90,193

2,242-235,617

17,686

投資の未実現評価損益 |Unrealized gain (loss) on valuation of investments-27,605-1,142,854

213,163

813,098-144,198-620,356

投資に係るデリバティブ関連損益 |Derivative gain (loss) on investments

73,60912,92469,001

49,972

205,506-97,024

その他 | Other

11,073

1,005

1,882

3,930

17,8909,132

販売費及び⼀般管理費 | Selling, general and administrative expenses-16,657-14,005-13,537-29,597-73,796-19,633

財務費⽤ | Finance cost

-80,029-160,610-76,563-81,339-398,541-97,256

為替差損益 | Foreign exchange gain (loss)-822,035-278,108374,787-46,697-772,053-466,107

持分法による投資損益 | Income (loss) on equity method investments-139,782

115,903

-829

1,872

-22,836-1,581

デリバティブ関連損益（投資損益を除く）|
Derivative gain (loss) (excluding gain (loss) on investments)-244,986

1,286,487-410,386-565,383

65,732

848,775-5,797

97,200-179,002

78,371-9,22830,959-1,198,053

4,460,342-130,522

218,079

3,349,846-394,540

投資の実現損益 |Realized gain (loss) on investments

その他の損益 | Other gain (loss)
セグメント利益（税引前利益） |Segment income (income before income tax)
*1 資産運⽤⼦会社︓SB Northstarおよびその⼦会社*1 Asset management subsidiaries indicate SB Northstar and its subsidiaries.

-3-

Q3

Q4

年度 |
Full yearソフトバンク・ビジョン・ファンド事業 | SoftBank Vision Funds Segment（監査前 | Unaudited）

FY2022（百万円 | Millions of yen）

SVF事業からの投資損益 | Gain (loss) on investments at SoftBank Vision Funds

Q1

Q2

FY2023

Q3

Q4

年度 |
Full year

Q1

Q2-2,933,845-1,378,497-730,357-236,795-5,279,494

159,773-2,935,030-1,381,173-731,938-250,317-5,298,458

134,703-26,72232,12041,642

31,57678,616-68,179

SVF1-30,466

33,75744,85733,56581,713-86,940

SVF2

3,257

-2,466-3,486-804-3,49919,713

487

829

271

-1,185402-952-2,915,895-1,387,185-717,438-246,752-5,267,270

212,237-1,260,869-703,089-365,161

54,648-2,274,471

230,999-1,215,309-630,217-300,022

179,086-1,966,462

124,055-45,560-72,872-65,139-124,438-308,009

106,944

SVF1、SVF2およびLatAmファンドからの投資損益 |Gain (loss) on investments at SVF1, SVF2, and LatAm Funds
投資の実現損益 | Realized gain (loss) on investments

LatAm Funds
投資の未実現評価損益 |Unrealized gain (loss) on valuation of investments
SVF1
当期計上額 | Change in valuation for the fiscal year
過年度計上額のうち実現損益への振替額 |Reclassified to realized gain (loss) recorded in the past fiscal years
SVF2
当期計上額 | Change in valuation for the fiscal year
過年度計上額のうち実現損益への振替額 |Reclassified to realized gain (loss) recorded in the past fiscal years
LatAm Funds
当期計上額 | Change in valuation for the fiscal year
過年度計上額のうち実現損益への振替額 |Reclassified to realized gain (loss) recorded in the past fiscal years
投資先からの利息及び配当⾦ |Interest and dividend income from investments-1,329,634-635,288-282,302-203,431-2,450,655-66,958-1,341,008-639,744-284,989-204,576-2,470,317-50,303

11,374

4,456

2,687

1,145

19,662-16,655-325,392-48,808-69,975-97,969-542,144

48,196-325,155-48,807-70,039-97,811-541,812

47,135

-237

-1

64

-158

-332

1,061

415

344

431

322

1,512

1,491

投資に係るデリバティブ関連損益 | Derivative gain (loss) on investments

37,650-1,285-20,174-1,654

14,5372,453

為替換算影響額 | Effect of foreign exchange translation-30,478-25,167-36,399-33,809-125,853-13,299

1,185

2,676

1,581

13,522

18,96425,070

販売費及び⼀般管理費 | Selling, general and administrative expenses

その他の投資損益 | Gain (loss) on other investments-18,904-12,079-22,201-12,815-65,999-18,299

財務費⽤ | Finance cost

-15,401-20,394-23,279-22,107-81,181-23,628

499

121

245

42

907

-

631,367

387,374

127,038-17,830

1,127,949-58,081

5,534

3,571

-11,542-8,036-10,473

1,276-2,330,750-1,019,904-660,096-297,541-4,308,291

61,041

デリバティブ関連損益（投資損益を除く）|
Derivative gain (loss) (excluding gain (loss) on investments)
SVFにおける外部投資家持分の増減額 | Change in third-party interests in SVF
その他の損益 | Other gain (loss)
セグメント利益（税引前利益）| Segment income (income before income tax)

*1 SVFが保有する当社⼦会社（主にアーム、PayPay㈱）への投資に係る投資損益は、ソフトバンク・ビジョン・ファンド事業のセグメント利益において「SVF事業からの投資損益」に含まれるが、連結上消去し、連結業績概要の「SVF事業からの投資損益」には含まれない*1 Gains and losses on investments associated with the change in valuation of SoftBank Vision Fundsʼ investments in shares in the Companyʼs subsidiaries (mainly Arm and PayPay Corporation) are included in segment income of the SoftBank Vision Funds segment
as gains and losses on investments at SoftBank Vision Funds but is eliminated in consolidation and not included in gains and losses on investments at SoftBank Vision Funds in the Consolidated Results Summary.

-4-

Q3

Q4

年度 |
Full year

SVF1 エグジット前の投資（当四半期末に保有する投資）の内訳 （公開／未公開別）|
SVF1 Investments Before Exit by Public/Private (Investments Held at the Quarter-end)（⼗億⽶ドル | Billions of U.S. dollars）

銘柄数 |# of investments

投資額 |Investment cost(A)

公正価値 |
Fair value(B)

累計損益 |
Cumulative gain/loss(B) - (A)FY2023 Q1

未実現評価損益計上額 |Unrealized valuation
gain/loss recorded
FY2023 Q1

合計 | Total

76

64.4

56.3

-8.1

0.9

公開投資先 | Public companies

23

30.2
2.0
12.1
3.0
1.5
0.1
1.0
0.8
1.0
0.7
0.3
1.0
0.1
0.7
0.3
0.2
0.1
0.3
0.1
0.1
3.2
1.2
0.3
0.1
34.2

20.5
7.4
2.9
2.4
1.1
0.9
0.9
0.8
0.7
0.6
0.5
0.4
0.4
0.4
0.4
0.2
0.2
0.1
0.1
0.1
0.0
0.0
0.0
0.0
35.8

-9.7
5.4
-9.2
-0.6
-0.4
0.8
-0.1
0.0
-0.3
-0.1
0.2
-0.6
0.3
-0.3
0.1
0.0
0.1
-0.2
-0.0
-0.0
-3.2
-1.2
-0.3
-0.1
1.6

0.4
0.6
-0.8
0.3
-0.2
0.2
-0.3
0.2
0.0
0.2
0.1
0.0
0.0
0.1
-0.1
0.1
0.0
0.1
0.0
0.0
-0.1
-0.0
0.0
-0.0
0.5

Coupang, Inc.
DiDi Global Inc.*3
Grab Holdings Inc.
Full Truck Alliance Co. Ltd
DoorDash, Inc.
SenseTime Group Inc.
Roivant Sciences Ltd.
PT GoTo Gojek Tokopedia Tbk
One 97 Communications Limited (Paytm)
Delhivery Limited
Compass, Inc.
Vir Biotechnology, Inc.
Auto1 Group GmbH
Relay Therapeutics, Inc.
Zomato Limited
PB Fintech Limited (Policybazaar)
Aurora Innovation Inc.
Energy Vault, Inc.
Ginkgo Bioworks Holdings, Inc.
WeWork Inc.
View Inc.
Getaround, Inc.
OneConnect Financial Technology Co., Ltd.
未公開投資先 | Private companies

53*1 公開投資先は証券取引所および店頭市場で取引される株式を、未公開投資先は公開投資先に該当しない投資先を指す。投資先の公開／未公開の区分は、FY2023Q1末時点の状態に基づく*1 Public portfolio companies are shares traded on stock exchanges or over-the-counter markets. Private portfolio companies are those do not fall under the category of public portfolio companies.
The classification of portfolio companies as public/private is based on their status as of the end of FY2023Q1.
*2 各項⽬の⾦額は、単位未満を四捨五⼊しているため、内訳の計と合計は必ずしも⼀致しない*2 The total and the sum of the breakdown in the table may not match as the amount of each item is rounded to the nearest unit.
*3 店頭市場取引銘柄*3 Traded in the over-the-counter market.

-5-

SVF2 エグジット前の投資（当四半期末に保有する投資）の内訳 （公開／未公開別）|
SVF2 Investments Before Exit by Public/Private (Investments Held at the Quarter-end)（⼗億⽶ドル | Billions of U.S. dollars）

銘柄数 |# of investments

投資額 |Investment cost(A)

公正価値 |
Fair value(B)

累計損益 |
Cumulative gain/loss(B) - (A)

未実現評価損益計上額 |Unrealized valuation
gain/loss recorded

FY2023 Q1
合計 | Total
公開投資先 | Public companies

272
14

50.0
8.7
2.8
0.2
3.1
0.5
0.2
0.3
0.7
0.1
0.1
0.1
0.3
0.2
0.1
0.0
41.3

AutoStore Holdings Ltd.
Symbotic Inc.
WeWork Inc.
JD Logistics, Inc
Full Truck Alliance Co. Ltd.
Exscientia plc.
*3

Berkshire Grey, Inc.
Qingdao AInnovation Technology Group Co., Ltd.
IonQ, Inc.
Beisen Holding Limited
DingDong (Cayman) Limited
Seer, Inc.
Zhangmen Education Inc.*4
Pear Therapeutics, Inc.*4*5
未公開投資先 | Private companies

258

FY2023 Q1
30.4
4.9
2.9
0.9
0.4
0.2
0.1
0.1
0.1
0.1
0.1
0.0
0.0
0.0
0.0
0.0
25.5

-19.6
-3.8
0.1
0.7
-2.7
-0.3
-0.1
-0.2
-0.6
0.0
0.0
-0.1
-0.3
-0.2
-0.1
0.0
-15.8

*1 公開投資先は証券取引所および店頭市場で取引される株式を、未公開投資先は公開投資先に該当しない投資先を指す。投資先の公開／未公開の区分は、FY2023Q1末時点の状態に基づく*1 Public portfolio companies are shares traded on stock exchanges or over-the-counter markets. Private portfolio companies are those do not fall under the category of public portfolio companies.
The classification of portfolio companies as public/private is based on their status as of the end of FY2023Q1.
*2 各項⽬の⾦額は、単位未満を四捨五⼊しているため、内訳の計と合計は必ずしも⼀致しない*2 The total and the sum of the breakdown in the table may not match as the amount of each item is rounded to the nearest unit.
*3 2023年7⽉20⽇に上場廃⽌。なお、2023年7⽉にSBGが同社の全株式を取得済み*3 Delisted on July 20, 2023. SBG acquired all shares of Berkshire Grey in July 2023.
*4 店頭市場取引銘柄*4 Traded in the over-the-counter market.
*5 2019年10⽉の当社とWeWorkの合意に基づきSVF2が買い受けた同社担保付シニア債券（2023年5⽉に同社が償還済み）、2023年3⽉のWeWorkと主要な債券投資家およびSVF2等における同社の債務リストラクチャリングに対するサポートに係る合意に基づきSVF2が保有する転換社債、ならびに新規に締結した債券買受けに係る貸出コミットメント契約を含む*5 Includes WeWork senior secured notes purchased by SVF2 in accordance with an agreement between the Company and WeWork in October 2019 (redeemed by WeWork in May 2023),
the convertible bonds held by SVF2 in accordance with an agreement among WeWork, its principal bondholders, SVF2, and others to support the restructuring of WeWorkʼs debt,
and a new loan commitment agreement with WeWork for the purchase of notes to be issued by WeWork.

-6-

-0.4
0.0
0.0
0.4
-0.4
-0.0
-0.0
0.0
0.0
0.0
0.0
0.0
-0.0
0.0
-0.0
-0.0
-0.4

SVF1&2 エグジット前の投資（当四半期末に保有する投資）の内訳（セクター別）|
SVF1&2 Investments Before Exit by Sector (Investments Held at the Quarter-end)（⼗億⽶ドル | Billions of U.S. dollars）

投資額 |Investment cost
(A)

銘柄数 |
# of investments

公正価値 |
Fair value(B)

累計損益 |
Cumulative gain/loss(B) - (A)FY2023 Q1
合計 | Total

64.4

56.3

-8.1

0.9

13

10.1

24.5

14.4

0.8

エドテック | Edtech

1

0.7

0.1

-0.6

-0.0

エンタープライズ | Enterprise

7

1.6

1.9

0.3

0.1

フィンテック | Fintech

10

3.3

1.6

-1.7

0.1

フロンティアテック | Frontier Tech

10

10.5

12.7

2.2

0.8

ヘルステック | Health Tech

6

1.7

1.9

0.2

0.1

ロジスティクス | Logistics

13

7.5

5.6

-1.9

-0.3

プロップテック | Proptech

8

9.7

1.5

-8.2

-0.4

トランスポーテーション | Transportation

8

19.3

6.5

-12.8

-0.3

272

50.0

30.4

-19.6

-0.4

55

11.8

6.7

-5.1

-0.1

エドテック | Edtech

10

1.5

0.9

-0.6

-0.1

エンタープライズ | Enterprise

67

8.6

5.7

-2.9

-0.1

フィンテック | Fintech

34

8.5

4.7

-3.8

0.2

フロンティアテック | Frontier Tech

20

3.2

2.4

-0.8

-0.0
0.0

合計 | Total
コンシューマー | Consumer

SVF2

FY2023 Q1

76

コンシューマー | Consumer

SVF1

未実現評価損益計上額 |Unrealized valuation
gain/loss recorded

ヘルステック | Health Tech

43

4.6

2.5

-2.1

ロジスティクス | Logistics

16

5.5

4.9

-0.6

0.4

プロップテック | Proptech

10

3.6

0.3

-3.3

-0.8

トランスポーテーション | Transportation

10

2.5

2.2

-0.3

0.1

その他 | Other

7

0.2

0.1

-0.1

0.0

*1 セクターはSBIAが合理的と考え決定した区分に基づき定義している*1 Sector categorization has been determined as considered reasonable by SBIA.
*2 各項⽬の⾦額は、単位未満を四捨五⼊しているため、内訳の計と合計は必ずしも⼀致しない*2 The total and the sum of the breakdown in the table may not match as the amount of each item is rounded to the nearest unit.

-7-

SVF1 投資先⼀覧 | SVF1 Portfolio
2023年6⽉末時点。エグジット済みの投資を除く | As of June 30, 2023. Excludes exited investments.

セクター | Sector

Consumer

EdtechEnterprise

FintechFrontier Tech

会社名（アルファベット順）| Name (in alphabetical order)
Brainbees Solutions Private Limited (FirstCry)
Bytedance Ltd.

■: 公開投資先 | Public companies □: 株式公開予定公表済み | Stock offering plan announced

初回出資⽇ |
Initial Investment Date

FY2018 Q4
FY2018 Q1■ Coupang, Inc.

FY2018 Q2

Esquared Capital Limited (Klook)
Fanatics Holdings, Inc.
GetYourGuide AG
Globalbees Brands Private Limited□ Oravel Stays Limited (OYO)OYO Technology & Hospitality (China) Pte. Ltd.
Plenty United Inc.
■ PT GoTo Gojek Tokopedia Tbk
Tabist Co., Ltd. (OYO Japan)■ Zomato Limited
Zuoyebang Education Limited
Automation Anywhere, Inc.
Cambridge Mobile Telematics Inc.
Cohesity APJ Pte. Ltd.
Cohesity, Inc.
Globality, Inc.
GPCY Holding (Gympass)
MapBox Inc.
Creditas Financial Solutions, Ltd.
Greensill Capital Pty Ltd.
Kabbage, Inc.
OakNorth Holdings Limited■ One 97 Communications Limited (Paytm)■ OneConnect Financial Technology Co., Ltd.
■ PB Fintech Limited (Policybazaar)
Pollen, Inc. (C2FO)VNLife Corporation Joint Stock Company
ZA Tech Global Limited (ZhongAn's affiliate)
Arm Limited
ARM Technology (China) Co., Ltd
Brain Corporation
CloudMinds Inc.
■ Energy Vault, Inc.
■ Ginkgo Bioworks Holdings, Inc.
Improbable Worlds Limited
Light Labs, Inc.
■ SenseTime Group Inc.
Treasure Data, Inc.

FY2019 Q1
FY2017 Q2
FY2018 Q4
FY2021 Q3
FY2017 Q2
FY2018 Q2
FY2017 Q2
FY2021 Q1
FY2018 Q4
FY2022 Q2FY2018 Q3
FY2018 Q3
FY2018 Q4
FY2019 Q1
FY2018 Q1
FY2018 Q3
FY2019 Q1
FY2017 Q3
FY2019 Q2
FY2019 Q1
FY2018 Q3
FY2018 Q4
FY2017 Q3
FY2018 Q1
FY2019 Q1
FY2019 Q2
FY2019 Q1
FY2018 Q4
FY2017 Q2
FY2021 Q4
FY2017 Q2
FY2018 Q4
FY2019 Q2
FY2022 Q3
FY2017 Q3
FY2018 Q2
FY2018 Q2
FY2021 Q1セクター | Sector

会社名（アルファベット順）| Name (in alphabetical order)

Health Tech

CollectiveHealth, Inc.
Good Doctor Technology Limited
HealthKonnect Medical and Health Technology Management
Company Limited (Ping An Medical and Healthcare)■ Relay Therapeutics, Inc.
■ Roivant Sciences Ltd.
■ Vir Biotechnology, Inc.
■ Delhivery Limited
Logistics■ DoorDash, Inc.
Flexport, Inc.
■ Full Truck Alliance Co. Ltd
GoBrands, Inc. (goPuff)
Local Services Holding Limited (Alibaba Local Services)
Loggi Technology International
Nauto, Inc.
Nuro, Inc.
Parking Aggregator LLC (Parking co)
Rappi Inc.
REEF Proximity Aggregator LLC (Kitchen co)
Zume, Inc.
CLUTTER INC.
Proptech■ Compass, Inc.
Katerra Inc.
■ View Inc.
WeWork Greater China Holding Company B.V.
■ WeWork Inc.
WeWork Japan GK
Ziroom Inc.
Transportation
ANI Technologies Private Limited (Ola)■ Aurora Innovation Inc.
■ Auto1 Group GmbH
■ DiDi Global Inc.
Fair Financial Corp.
■ Getaround, Inc.
■ Grab Holdings Inc.
Guazi.com Inc.

計76件 | Total of 76 investments-8-

初回出資⽇ |
Initial Investment Date

FY2019 Q1
FY2019 Q3
FY2017 Q4
FY2018 Q3
FY2017 Q2
FY2017 Q2
FY2018 Q4
FY2018 Q3
FY2019 Q1
FY2018 Q1
FY2019 Q2
FY2018 Q3
FY2018 Q1
FY2017 Q3
FY2018 Q4
FY2023 Q1
FY2019 Q1
FY2023 Q1
FY2018 Q3
FY2018 Q4
FY2017 Q4
FY2017 Q4
FY2018 Q3
FY2017 Q3
FY2017 Q3
FY2017 Q3
FY2019 Q2
FY2019 Q2
FY2020 Q4
FY2017 Q4
FY2018 Q4
FY2018 Q4
FY2018 Q4
FY2018 Q3
FY2019 Q1

SVF2 投資先⼀覧 | SVF2 Portfolio (1 of 3)■: 公開投資先 | Public companies □: 株式公開予定公表済み | Stock offering plan announced
2023年6⽉末時点。エグジット済みの投資を除く | As of June 30, 2023. Excludes exited investments.

会社名（アルファベット順）| Name (in alphabetical order)

セクター | Sector

Consumer

AccelByte Inc
Bacasable Global Limited (SandBox)
Baron App, Inc. (Cameo)☆
Bundl Technology Private Limited (Swiggy)
Cerebral Inc.
Dice FM Ltd.
Digital Arbitrage, Inc. (Cloudbeds)☆ ■ Dingdong (Cayman) Limited
DSM Grup Danismanlik I.V.S.T.A.S (Trendyol)
eFishery Pte. Ltd.
Embark Veterinary, Inc.
Eobuwie. PL S.A.
Extend, Inc.
Fetch Rewards, Inc.
Flipkart Private Limited
Get Together Inc. (IRL)
Global Car Group Pte. Ltd. (Cars24)
InterFocus Cayman Ltd. (Patpat)□ Keep Inc.*1
Keli Network Inc. (Jellysmack)
Kolonial.no AS (Oda)
Lenskart Solutions Private Limited
Live Momentum Ltd (StreamElements)
Loop Now Technologies, Inc (Firework)
Manticore Games, Inc☆
Meesho Inc.
Misfits Market, Inc.
Mmhmm Inc.
Modern Clinics Inc. (Sprout Therapy)
Naver Z Corporation
NTEX Transportation Services Private Limited (Elastic Run)OP Invest AS (Gelato)
OrderMark, Inc.
Papa Inc.
PerchHQ LLC
PicsArt, Inc.
RewardStyle, Inc.
Ripples Capital Limited (Kitopi)
SCA Investments Limited (Gousto)
Sender Inc. (Sendoso)
Soda, Inc.
Sorare SAS
Spotter, Inc.
Tempo Interactive Inc.
The Fynder Group, Inc. (Nature's Fynd)
UPSIDE Foods, Inc.
Vestiaire Collective S.A.
Vuori, Inc.
Weee! Inc.
Whoop, Inc.
XPX Holdings Limited
Yanolja Co., Ltd.
ZenBusiness Inc.
他2件 | 2 other investments*1*1☆: 共同出資プログラムの対象外の投資 | Investment outside of the co-investment program

初回出資⽇ |
Initial Investment Date

FY2022 Q1
FY2021 Q3
FY2020 Q4
FY2021 Q2
FY2021 Q3
FY2021 Q2
FY2021 Q3
FY2021 Q1
FY2021 Q2
FY2021 Q4
FY2021 Q2
FY2021 Q2
FY2021 Q1
FY2021 Q1
FY2021 Q2
FY2021 Q1
FY2021 Q2
FY2021 Q2
FY2020 Q3
FY2021 Q1
FY2021 Q1
FY2019 Q3
FY2021 Q2
FY2022 Q1
FY2020 Q4
FY2021 Q1
FY2021 Q2
FY2021 Q1
FY2021 Q2
FY2021 Q3
FY2021 Q4
FY2021 Q2
FY2020 Q3
FY2021 Q3
FY2021 Q1
FY2021 Q2
FY2021 Q3
FY2021 Q2
FY2021 Q3
FY2021 Q2
FY2021 Q3
FY2021 Q2
FY2021 Q4
FY2020 Q4
FY2021 Q1
FY2020 Q3
FY2021 Q3
FY2021 Q3
FY2021 Q4
FY2020 Q3
FY2021 Q1
FY2021 Q2
FY2021 Q3-セクター | Sector

EdtechEnterprise

2023年7⽉12⽇に上場済み
Listed on July 12, 2023.

-9-

会社名（アルファベット順）| Name (in alphabetical order)
360Learning S.A.
Apiom, Inc. (Go1)
Atom Learning Ltd.
Eruditus Learning Solutions Pte. Ltd.
GoStudent GmbH
Happy_seed (Cayman) Limited (VIPThink)
Paper Education Company Inc.
Riiid Inc.
Sorting Hat Technologies Pvt. Ltd (Unacademy)☆ ■ Zhangmen Education Inc.
6Sense Insights, Inc.
7shifts Inc.
Adverity GmbH
Aiquire LLC d.b.a. Pyxis One
Andela Inc.
Anyvision Interactive Technologies Ltd.
Arkose Labs Holdings, Inc.
Attentive Mobile, Inc.
Behavox Ltd.
■ Beisen Holding Limited
bloXroute Labs, Inc.
Boomerang Commerce Inc. (CommerceIQ)
Clarify Health Solutions, Inc.
Clarity AI, Inc.
Claroty Ltd.
Class Technologies Inc.
CoachHub GmbH
Commerce Fabric, Inc.
Content Square S.A.S.
ContractPod Technologies Limited
Copado Holdings, Inc.
☆
Cybereason Inc.
Eightfold AI Inc
Esusu Financial, Inc.
Guangzhou Tungee Technology Co., Ltd.
Huice Group Holding Limited (Wangdiantong)
Icertis, Inc.
InMobi Pte. Ltd.
Iyuno Sweden Holding I AB
JOB AND TALENT HOLDING LIMITED
Labelbox, Inc.
LegalOn Technologies, Inc.
MindTickle Inc.
Minio, Inc.
Movai Inc. (XMOV)☆
OFB Tech Private Limited (OfBusiness)
OnboardIQ, Inc. (Fountain)
OneTrust LLC
Pantheon Systems, Inc.
Patsnap Limited
Pax8, Inc.
Peak AI Limited
Permutive, Inc.
Plume Design, Inc.
■ Qingdao AInnovation Technology Group Co., Ltd.
Quicko Technosoft Labs Private Limited (Whatfix)
R Software Inc. (RapidAPI)
Redis Labs Ltd.
Remote Technology, Inc.
SendBird, Inc.
Sense Talent Labs, Inc.
Shenzhen Dianxiaomi Network Technology Co, Ltd. (DXM)
Shoplazza Corporation Limited
Skedulo Holdings, Inc.
Smooth and Steady Inc. (Ekuaibao)

初回出資⽇ |
Initial Investment Date

FY2021 Q2
FY2021 Q1
FY2021 Q3
FY2021 Q2
FY2021 Q2
FY2020 Q2
FY2021 Q4
FY2021 Q1
FY2020 Q2
FY2020 Q2
FY2021 Q4
FY2021 Q4
FY2021 Q3
FY2021 Q3
FY2021 Q2
FY2021 Q2
FY2021 Q1
FY2021 Q1
FY2019 Q4
FY2021 Q1
FY2022 Q1
FY2021 Q4
FY2022 Q1
FY2021 Q2
FY2021 Q4
FY2021 Q2
FY2022 Q2FY2021 Q4
FY2021 Q1
FY2021 Q2
FY2021 Q2
FY2021 Q1
FY2021 Q1
FY2021 Q4
FY2021 Q2
FY2021 Q2
FY2021 Q3
FY2021 Q1
FY2021 Q2
FY2020 Q4
FY2021 Q3
FY2022 Q1
FY2020 Q3
FY2021 Q3
FY2021 Q4
FY2021 Q2
FY2021 Q2
FY2021 Q1
FY2021 Q2
FY2020 Q4
FY2021 Q4
FY2021 Q2
FY2021 Q3
FY2021 Q2
FY2021 Q1
FY2021 Q1
FY2021 Q4
FY2020 Q4
FY2022 Q1
FY2020 Q4
FY2021 Q3
FY2021 Q4
FY2021 Q3
FY2021 Q1
FY2021 Q2

SVF2 投資先⼀覧 | SVF2 Portfolio (2 of 3)■: 公開投資先 | Public companies □: 株式公開予定公表済み | Stock offering plan announced
2023年6⽉末時点。エグジット済みの投資を除く | As of June 30, 2023. Excludes exited investments.

セクター | Sector

Enterprise

Fintech

会社名（アルファベット順）| Name (in alphabetical order)
Sobot Technologies Inc.
Standard Cognition, Corp.
TigerGraph, Inc.
Trax Ltd
Treasure Data, Inc.
Unifonic Inc.
Vendr, Inc.
Workboard, Inc.
Z21 Labs Inc. (Observe AI)
Zaihui Inc.
他2件 | 2 other investments
Advance Intelligence Group Limited (Advance.AI)
Aleo Systems Inc.
Apollo Agriculture, Inc.
☆ □ Better Holdco, Inc.
bKash Limited
Blockdaemon, Inc.
Brex Inc.
CFT Clear Finance Technology Corp. (Clearco)
Chime Financial, Inc.
ConsenSys Software Inc.
Digital Currency Group, Inc.
Digits Financial, Inc.
Drivewealth Holdings, Inc.
Elliptic Enterprises Limited
Envelop Risk Analytics Ltd.
Ethos Technologies Inc.
☆
eToro Group Ltd.
FTX Trading Ltd.
Funding Asia Group PTE. LTD. (Funding Societies)
Human Interest Inc.
Infinity Stones Inc.
Juspay Technologies Private Limited
Klarna Holding AB
M1 Holdings Inc.
Opay Limited
PayPay Corporation
PrimaryBid Limited
Revolut Ltd.
TabaPay, Inc.
Vivid Money Holdco LimitedWest Realm Shires Inc. (FTX US)
Zeta Investments Holdings Pte. Ltd.
Zopa Group Limited
他1件 | 1 other investment☆: 共同出資プログラムの対象外の投資 | Investment outside of the co-investment program

初回出資⽇ |
Initial Investment Date

FY2021 Q4
FY2020 Q4
FY2021 Q1
FY2021 Q1
FY2021 Q1
FY2021 Q2
FY2022 Q1
FY2021 Q1
FY2021 Q4
FY2021 Q2
FY2021 Q2
FY2021 Q4
FY2021 Q4
FY2021 Q1
FY2021 Q3
FY2021 Q2
FY2021 Q2
FY2021 Q1
FY2021 Q2
FY2021 Q4
FY2021 Q3
FY2021 Q1
FY2021 Q2
FY2021 Q3
FY2021 Q3
FY2021 Q2
FY2020 Q4
FY2021 Q2
FY2021 Q4
FY2021 Q2
FY2021 Q4
FY2021 Q3
FY2020 Q4
FY2021 Q2
FY2021 Q1
FY2021 Q3
FY2021 Q4
FY2021 Q2
FY2021 Q4
FY2021 Q4
FY2021 Q2
FY2021 Q1
FY2021 Q3-セクター | Sector

Frontier Tech

Health Tech

- 10 -

会社名（アルファベット順）| Name (in alphabetical order)
Agile Robots AG
CertiK Global Ltd.
Cornami, Inc.
Enpal GmbHFormLabs, Inc.
Shanghai Gaussian Automation Technology Development Co., Ltd.
Guangzhou Xaircraft Technology Co., Ltd. (XAG)
Improbable MV Limited☆ ■ IonQ, Inc.
Keenon Robotics Co., Ltd.
Kigen (UK) Limited
Opentrons Labworks, Inc.
SambaNova Systems Inc.
Shanghai Eigencomm Technologies Co., Ltd.
□ Shanghai JAKA Robotics Ltd.
Soul Machines Limited
Swell Energy Inc.
Vianai Systems, Inc.
Wiliot Ltd.
他1件 | 1 other investment
Abogen Therapeutics Limited
Aculys Pharma, Inc.
AI Medical Service Inc.
Arsenal Biosciences, Inc.
Big Health Ltd.
Biofourmis Holdings Pte. Ltd.
Cityblock Health, Inc.
CMR Surgical Limited
Deep Genomics Incorporated
Devoted Health, Inc.
Dewpoint Therapeutics, Inc.
☆
EDDA Healthcare and Technology Holding Limited
ElevateBio LLC
Encoded Therapeutics, Inc.
■ Exscientia plc.
GoForward, Inc.
Hexagon Bio, Inc.
Insitro, Inc.
Karius, Inc.
Leyden Laboratories B.V.
Lumicks Technologies B.V.
Neuron23, Inc.
Noah Medical Corporation☆ ■ Pear Therapeutics, Inc.
Plexium, Inc.
Proximie Limited
QuantumPharm Inc. (XtalPi)
Quris Technologies Ltd.
RBNC Therapeutics, Inc.
Repertoire Immune Medicines
ScriptDash Inc. (Alto Pharmacy)☆ ■ Seer, Inc.
Shanghai Fourier Intelligence Co., Ltd.
Shenzhen XinJuTe Intelligent Medical Devices Co., Ltd. (Futurtec)
Synthego Corporation
Tessera Therapeutics, Inc
Umoja Biopharma, Inc.
Variant Bio, Inc.
Venn Biosciences Corporation (InterVenn)
Ventus Therapeutics U.S.
他3件 | 3 other investments

初回出資⽇ |
Initial Investment Date

FY2021 Q2
FY2022 Q1
FY2021 Q3
FY2021 Q3
FY2021 Q1
FY2021 Q3
FY2020 Q3
FY2021 Q4
FY2021 Q1
FY2021 Q2
FY2021 Q4
FY2021 Q2
FY2021 Q1
FY2021 Q4
FY2022 Q1
FY2021 Q3
FY2022 Q2FY2021 Q1
FY2021 Q2
FY2021 Q3
FY2021 Q3
FY2022 Q1
FY2022 Q1
FY2021 Q4
FY2020 Q2
FY2021 Q2
FY2021 Q2
FY2021 Q2
FY2021 Q2
FY2021 Q4
FY2020 Q4
FY2020 Q4
FY2020 Q1
FY2021 Q1
FY2020 Q4
FY2021 Q1
FY2021 Q1
FY2019 Q4
FY2021 Q3
FY2021 Q1
FY2021 Q3
FY2021 Q4
FY2020 Q3
FY2021 Q4
FY2022 Q1
FY2020 Q2
FY2022 Q1
FY2021 Q2
FY2021 Q1
FY2019 Q3
FY2020 Q3
FY2021 Q4
FY2021 Q3
FY2021 Q4
FY2020 Q3
FY2021 Q1
FY2021 Q3
FY2021 Q2
FY2021 Q4-

SVF2 投資先⼀覧 | SVF2 Portfolio (3 of 3)
2023年6⽉末時点。エグジット済みの投資を除く |As of June 30, 2023. Excludes exited investments.

セクター | Sector

Logistics

ProptechTransportation

Other■: 公開投資先 | Public companies □: 株式公開予定公表済み | Stock offering plan announced☆: 共同出資プログラムの対象外の投資 | Investment outside of the co-investment program

会社名（アルファベット順）| Name (in alphabetical order)■ AutoStore Holdings Ltd.
☆ ■ Berkshire Grey, Inc.*2
Cargomatic, Inc.
ezCater, Inc.
Flock Freight, Inc.
Forto GmbH☆ ■ Full Truck Alliance Co. Ltd.
☆ ■ JD Logistics, Inc
Material Technologies Corporation (Material Bank)
Paack SPV Investments, S.L.
Reibus International, Inc.
RightHand Robotics, Inc.
SendCloud Global BV
Shipbob, Inc.
■ Symbotic Inc.
Veho Tech, Inc.
Clicpiso Holdco Global S.à r.l. (Clikalia)
Lyra Technologies, Inc. (Block Renovation)
Pacaso Inc.
Roofstock, Inc.
☆ ■ WeWork Inc.
他5件 | 5 other investments*3
NetraDyne, Inc.
Ola Electric Mobility Private Limited
Platform Science, Inc.
Rimac Group D.O.O.
Robotic Research OpCo, LLC
Tier Mobility GmbH
TRUSTY CARS PTE. LTD. (Carro)
Voyager Group Inc. (DiDi AV JV)Zum Services, Inc.
他1件 | 1 other investment
7wire Ventures Fund II, L.P.
Brex Venture Debt Fund
Liberty 77 Capital LP
MX Fund II GmbH & Co KG (Merantix)
NorthStar Equity Partners V Limited
OurCrowd International General Partner, L.P.
Paradigm One (Cayman) Feeder LP

初回出資⽇ |
Initial Investment Date

FY2021 Q1
FY2020 Q4
FY2021 Q3
FY2021 Q3
FY2020 Q3
FY2021 Q2
FY2020 Q3
FY2021 Q1
FY2021 Q2
FY2021 Q4
FY2021 Q3
FY2021 Q4
FY2021 Q2
FY2020 Q2
FY2022 Q1
FY2021 Q4
FY2021 Q4
FY2021 Q3
FY2021 Q2
FY2021 Q3
FY2021 Q2
FY2021 Q2
FY2021 Q3
FY2021 Q3
FY2022 Q1
FY2021 Q3
FY2020 Q3
FY2021 Q2FY2019 Q4
FY2021 Q3
FY2021 Q1
FY2021 Q4
FY2021 Q4
FY2021 Q3
FY2021 Q2
FY2021 Q3
FY2021 Q3

計272件 | Total of 272 investments

2023年7⽉20⽇に上場廃⽌。なお、2023年7⽉にSBGが同社の全株式を取得済み
Delisted on July 20, 2023. SBG acquired all shares of Berkshire Grey in July 2023.
2019年10⽉の当社とWeWorkの合意に基づきSVF2が買い受けた同社担保付シニア債券（2023年5⽉に同社が償還済み）、2023年3⽉のWeWorkと主要な債券投資家およびSVF2等における同社の債務リストラクチャリングに対するサポートに係る合意に基づきSVF2が保有する転換社債、ならびに新規に締結した債券買受けに係る貸出コミットメント契約を含む*3 Includes WeWork senior secured notes purchased by SVF2 in accordance with an agreement between the Company and WeWork in October 2019 (redeemed by WeWork in May 2023),
the convertible bonds held by SVF2 in accordance with an agreement among WeWork, its principal bondholders, SVF2, and others to support the restructuring of WeWorkʼs debt,
and a new loan commitment agreement with WeWork for the purchase of notes to be issued by WeWork.
*2
*2
*3

- 11 -

SVF1＆2 投資先の株式公開実績・予定 | Stock Offerings/Offering Plans for SVF1&2 Portfolio Companies
2023年6⽉末時点 | As of June 30, 2023; 投資時に公開済みのものを除く | excluding those already were public at the time of investment

ファンド |
会社名 | Name
Fund
SVF1

株式公開⽇ |
Public Date (YYYY/MM/DD)

エグジット前の投資 | Investments before exit
Vir Biotechnology, Inc.
OneConnect Financial Technology Co., Ltd.
Relay Therapeutics, Inc.
DoorDash, Inc.
Auto1 Group GmbH
View Inc.
Coupang, Inc.
Compass, Inc.
Full Truck Alliance Co. Ltd
DiDi Global Inc.
*2

Zomato Limited*3
Ginkgo Bioworks Holdings, Inc.
Roivant Sciences Ltd.
WeWork Inc.
Aurora Innovation Inc.
PB Fintech Limited (Policybazaar)
One 97 Communications Limited (Paytm)
Grab Holdings Inc.
SenseTime Group Inc.
Energy Vault, Inc.
PT GoTo Gojek Tokopedia Tbk
Delhivery Limited
Getaround, Inc.
Oravel Stays Limited (OYO)
エグジット済みの投資 | Exited investments
ZhongAn Online P & C Insurance Co., Ltd.
Ping An Healthcare and Technology
Company Limited (Ping An Good Doctor)
Guardant Health, Inc.
Uber Technologies, Inc.
Slack Technologies, Inc.
10x Genomics, Inc.
Opendoor Technologies Inc.
*1
*2
*3
*4
*5
*6
*7

公開⽅式 |
Public Formats

ファンド |
会社名 | Name
Fund
SVF2

2019/10/11
IPO
2019/12/13
IPO
2020/07/16
IPO
2020/12/09
IPO
2021/02/04
IPO
2021/03/09
De-SPAC
2021/03/11
IPO
2021/04/01
IPO
2021/06/22
IPO
2021/06/30
IPO
2022年6⽉13⽇に店頭取引市場に移⾏
Transferred to the OTC market on 2022/6/13
2021/07/23
IPO
2021/09/17
De-SPAC
2021/10/01
De-SPAC
2021/10/21
De-SPAC
2021/11/04
De-SPAC
2021/11/15
IPO
2021/11/18
IPO
2021/12/02
De-SPAC
2021/12/30
IPO
2022/02/14
De-SPAC
2022/04/11
IPO
2022/05/24
IPO
2022/12/09
De-SPAC
TBA
IPO

2017/09/28

IPO

2018/05/04

IPO

2018/10/04
2019/05/10
2019/06/20
2019/09/12
2020/12/21

IPO
IPO
Direct listing
IPO
De-SPACSPACとの合併（De-SPAC）は、それぞれのSPACの株主の承認、その他の⼀般的なクロージング要件の充⾜が必要
SVF1はGrofers International Pte. Ltd.の株式をZomato Limitedに売却し、その対価としてZomatoの株式を取得
SVF1はZymergen, Inc.の株式をGinkgo Bioworks Holdings, Inc.に売却し、その対価としてGinkgo Bioworksの株式を取得
2023年7⽉20⽇に上場廃⽌。なお、2023年7⽉にSBGが同社の全株式を取得済み
2023年7⽉12⽇に上場済み
2021年5⽉11⽇にBetter Holdco, Inc.とSPACであるAurora Acquisition Corp.との合併発表
2023年6⽉28⽇に上場廃⽌

エグジット前の投資 | Investments before exit
Seer, Inc.
JD Logistics, Inc
Zhangmen Education Inc.
Full Truck Alliance Co. Ltd.
Dingdong (Cayman) Limited*4
Berkshire Grey, Inc.
Exscientia plc.
IonQ, Inc.
AutoStore Holdings Ltd.
WeWork Inc.
Pear Therapeutics, Inc.
Qingdao AInnovation Technology Group Co., Ltd.
Symbotic Inc.
Beisen Holding Limited*5
Keep Inc.
Better Holdco, Inc.
Shanghai JAKA Robotics Ltd.
エグジット済みの投資 | Exited investments
KE Holdings Inc. (Beike)*7
Qualtrics International Inc.

株式公開⽇ |
Public Date (YYYY/MM/DD)

公開⽅式 |
Public Formats

2020/12/04
IPO
2021/05/28
IPO
2021/06/08
IPO
2022年6⽉6⽇に店頭取引市場に移⾏
Transferred to the OTC market on 2022/6/6
2021/06/22
IPO
2021/06/29
IPO
2021/07/22
De-SPAC
2021/10/01
IPO
2021/10/01
De-SPAC
2021/10/20
IPO
2021/10/21
De-SPAC
2021/12/06
De-SPAC
2023年4⽉19⽇に店頭取引市場に移⾏
Transferred to the OTC market on 2023/4/19
2022/01/27
IPO
2022/06/08
De-SPAC
2023/04/13
IPO
FY2023 Q2
IPO
*6
TBA
De-SPAC
TBA
IPO

2020/08/13
2021/01/28

IPO
IPO

*1 De-SPAC is subject to receipt of stockholder approval of respective SPACs and the satisfaction of other customary closing conditions.
*2 SVF1 sold its stake in Grofers International Pte. Ltd. to Zomato Limited in exchange for shares in Zomato as consideration.
*3 SVF1 sold its stake in Zymergen, Inc. to Ginkgo Bioworks Holdings, Inc. in exchange for shares in Ginkgo as consideration.
*4 Delisted on July 20, 2023. SBG acquired all shares of Berkshire Grey in July 2023.
*5 Listed on July 12, 2023.
*6 The merger between Better Holdco, Inc. and Aurora Acquisition Corp., a SPAC, was announced on May 11, 2021.
*7 Delisted on June 28, 2023.

- 12 -

LatAmファンド 投資先⼀覧 | LatAm Funds Portfolio
2023年6⽉末時点。エグジット済みの投資を除く | As of June 30, 2023. Excludes exited investments.

セクター | Sector
Consumer

EdtechEnterprise

会社名（アルファベット順）| Name (in alphabetical order)
Goody Technologies, Inc.
JusBrasil, Ltd.
Laika Universe Inc.
MadeiraMadeira Ltd.
Petlove Cayman, Ltd.
PopUP Design, Inc. (GAIA)
Sorare SAS
Televisa-Univision
Tul Inc.
Tupoe Ltd. (Glorify)
Zapt Holdings Limited
他1件 | 1 other investment■ Afya Limited■ Arco Platform Limited
Camino Education Ltd.
Descomplica, Ltd.
UOL EdTech Cayman Ltd
他1件 | 1 other investment
Cortex Intelligence Ltd.
CRMBONUS HOLDING■ DOTZ S.A.
GPCY Holding (Gympass)
Grupo Bursatil Mexicano
Gupy Ltd.
Incode Technologies, Inc.
Omie Ltd.
Pipefy, Inc.
Rankmi Holdings Limited
Serpahim Holdings Ltd. (Gabriel)
Solidarium (Olist)
Unico Technologies Ltd (acesso digital)■ VTEX
他1件 | 1 other investment■: 公開投資先 | Public companies

初回出資⽇ |
Initial Investment Date
FY2021 Q3
FY2020 Q4
FY2021 Q4
FY2019 Q3
FY2020 Q1
FY2021 Q2
FY2021 Q2
FY2020 Q3
FY2021 Q2
FY2021 Q2
FY2021 Q4
FY2020 Q2
FY2022 Q4
FY2020 Q2
FY2020 Q4
FY2020 Q3
FY2020 Q1
FY2021 Q3
FY2021 Q1
FY2020 Q2
FY2022 Q2FY2021 Q4
FY2021 Q3
FY2021 Q2
FY2021 Q3
FY2022 Q4
FY2021 Q3
FY2019 Q3
FY2020 Q3
FY2019 Q3-

セクター | Sector
FintechFrontier Tech
Health Tech
Logistics

ProptechTransportation

Others

会社名（アルファベット順）| Name (in alphabetical order)
2TM Holdings Company Ltd
Adelante Financial Holdings Limited (Addi)
Atom Finance, Inc.
Avenue Holding Cayman Ltd.
Bancar Technologies Limited (Uala)
Betterfly PBC
Buk Holdings Limited
Contabilizei Company
Creditas Financial Solutions, Ltd.
Digital Currency Group, Inc. (DCG)
Hashdex, Ltd.
■ Inter & Co, Inc.
Justo Seguros Holdings Limited
Konfio Limited
Kushki Group Holdings, Ltd.
Merama, Inc.
■ Nu Holdings Ltd.
OpenCo Holding Limited
PayClip, Inc.
PayStand Inc.
Pismo Holdings
Solfacil International Ltd.
Swile SAS
Terramagna Ltd.
The Badger Technology Company Holdings Ltd. (Bitso)
TRBL LTD. (Tribal)
他3件 | 3 other investments■ SATELLOGIC INC.
Alice Holding
FHF Ventures Ltd. (Cobli)
Frubana Inc.
Jokr S.a.r.I.
Loadsmart, Inc.
Loggi Technology International
Rappi, Inc.
Loft Holdings Ltd
McN Investment Ltd. (Habi)
QUINTOANDAR, LTD.
他1件 | 1 other investment
Buser, Ltd.
International Logistics Holding LLC (CargoX)
Kavak Holdings Limited
Nowports Inc.
12件（LP持分を含む） | 12 investments (including LP interests)
計90件 | Total of 90 investments*1*1

普通株式および優先株式を保有する投資先1社については、普通株式への投資と優先株式への投資をそれぞれ1件として投資件数に含めている
For 1 portfolio company invested in common and preferred shares, each holding is counted as 1 investment.

- 13 -*1

初回出資⽇ |
Initial Investment Date
FY2021 Q2
FY2021 Q3
FY2021 Q1
FY2021 Q2
FY2021 Q3
FY2021 Q1
FY2021 Q3
FY2020 Q3
FY2019 Q3
FY2021 Q2
FY2021 Q1
FY2019 Q3
FY2021 Q3
FY2019 Q3
FY2021 Q1
FY2021 Q2
FY2021 Q3
FY2021 Q3
FY2019 Q3
FY2022 Q2FY2021 Q3
FY2021 Q4
FY2021 Q3
FY2021 Q3
FY2021 Q1
FY2021 Q4
FY2021 Q4
FY2021 Q4
FY2021 Q2FY2019 Q4
FY2020 Q4
FY2021 Q4
FY2019 Q3
FY2019 Q3
FY2019 Q3
FY2021 Q1
FY2019 Q3
FY2019 Q3
FY2021 Q3
FY2019 Q3
FY2021 Q3-

ソフトバンク事業 | SoftBank Segment（監査前 | Unaudited）

FY2022

FY2023

Q1

Q2

Q3

Q4

年度 |
Full year

1,380,802

1,471,429

1,536,001

1,568,305

5,956,537

1,430,067

222,214202,683

120,646

47,239592,782

254,987-184,156-185,716-189,621-209,219-768,712-181,576

1,133-4,583-22,765834-25,3812,217

財務費⽤ | Finance cost

-15,341-15,738-16,509-16,432-64,020-16,140

持分法による投資損益*1 |Income (loss) on equity method investments*1-10,351-11,597-10,611-14,224-46,783-7,599

901

640

-740

-109

692

824

7,769

-6,804-30,105-13,613-42,753

30,265（百万円 | Millions of yen）

売上⾼ | Net sales
セグメント利益（税引前利益） |Segment income (income before income tax)
減価償却費及び償却費 |Depreciation and amortization
投資損益 | Gain (loss) on investments

デリバティブ関連損益（投資損益を除く）|
Derivative gain (loss) (excluding gain (loss) on investments)
その他の損益 | Other gain (loss)

Q1

Q2

Q3

Q4

*1 2022年10⽉よりPayPay㈱はソフトバンク㈱およびZホールディングス㈱の⼦会社となったため、FY2022Q3より、PayPay㈱の業績は「その他」ではなく「ソフトバンク事業」に含めて表⽰し、FY2022Q2以前の各四半期について遡及修正*1 Since PayPay Corporation became a subsidiary of SoftBank Corp. and Z Holdings Corporation in October 2022, its operating results are no longer included in “Other,” but are presented within the SoftBank segment from FY2022Q3, with the results retrospectively
adjusted and presented for the periods prior to FY2022Q3.

- 14 -

年度 |Full yearアーム事業／KPI | Arm Segment / KPIs
(1) 業績 | Results（監査前 | Unaudited）

FY2022
Q4

Q1

Q1

Q2

売上⾼ | Net sales

92,751

90,954105,247

92,794

381,746

88,502セグメント利益（税引前利益）|
Segment income (income before income tax)

29,846

5,785

19,270-6,23848,663-9,508（百万円 | Millions of yen）

Q3

FY2023年度 |Full year

Q2

FY2022（参考）売上⾼*2 | (Reference) Revenue*2（百万⽶ドル | Millions of USD）

Q1

Q2

Q3

Q3

Q4

年度 |
Full year

Q4

年度 |Full year

Q4

年度 |Full year

FY2023年度 |Full year

Q4

Q1

Q2

ロイヤルティー収⼊ | Royalty revenue

453

463

446

421

1,783

365

ライセンスおよびその他の収⼊ | License and other revenue

266

193

300

276

1,034

276

合計 | Total

719

656

746

696

2,817

641

Q3

(2) KPIs
FY2022ロイヤルティー・ユニット*3 | Royalty units*3（⼗億個 | Billion）

ロイヤルティー・ユニット出荷数（ライセンシーからの報告）|
Royalty units as reported by licensees

Q1

Q2

7.3

Q3

7.5

FY2023年度 |Full year

Q4

7.9

7.8

30.6

Q1

Q2

Q3

6.8

*1 アームのISG事業は含まない*1 Excludes the ISG business of Arm.
*2 FY2023Q1より、売上区分の名称を「テクノロジー・ロイヤルティー収⼊」および「⾮ロイヤルティー収⼊」から、それぞれ「ロイヤルティー収⼊」および「ライセンスおよびその他の収⼊」に変更。なお、集計⽅法については従来から変更なし*2 From FY2023Q1, the names of revenue categories have been changed from “Technology royalty” and “Technology non-royalty” to “Royalty revenue” and “License and other revenue,” respectively. The aggregation method remains unchanged.
*3 ロイヤルティー・ユニット（アームのテクノロジーを含んだチップ）の出荷実績は、出荷の発⽣から1四半期遅れでライセンシーから報告される（ロイヤルティー収⼊は、出荷が発⽣する四半期に⾒積りに基づいて計上）。FY2023Q1のロイヤルティー・ユニットは、2023年1〜3⽉期の出荷実績。

FY2023Q1にライセンシーから受領した最新の情報に基づき、FY2022の出荷数を遡及修正。
*3 Based on the actual shipments of royalty units (chips incorporating Arm technology) as reported by Arm licensees. Armʼs licensees report their shipments one quarter in arrears (royalty revenues are accrued in the same quarter the chips are shipped

based on estimates). Royalty unit for FY2023Q1 is based on chips shipped for three months ended March 31, 2023. In FY2023Q1, royalty unit data for FY2022 has been restated based on updated information received from Arm licensees.

- 15 -

その他 | Other（監査前 | Unaudited）

FY2022

FY2023年度 |Full year

Q1

Q2

Q3

Q4

売上⾼ | Net sales

101,625

51,551

54,39437,276244,846

43,902セグメント利益（税引前利益） |Segment income (income before income tax)

-19,275

7,748

-892

-62,839-75,258

88,962

減価償却費及び償却費 | Depreciation and amortization-14,112-6,269-5,423-5,497-31,301-4,789

投資損益 | Gain (loss) on investments-27,705

10,242-10,587-20,233-48,2831,480

財務費⽤ | Finance cost

-4,166-4,191-3,838-3,471-15,666-3,613

持分法による投資損益 | Income (loss) on equity method investments-3,707

4,014

-431

-11,936-12,060-8,888

デリバティブ関連損益（投資損益を除く）|
Derivative gain (loss) (excluding gain (loss) on investments)-14,362----14,362-（百万円 | Millions of yen）

Q1

Q2

Q3

Q4

年度 |
Full year*1 「その他」には、Fortress Investment Group LLC、福岡ソフトバンクホークス（株）などの業績が含まれる。2022年10⽉よりPayPay㈱はソフトバンク㈱およびZホールディングス㈱の⼦会社となったため、FY2022Q3より、PayPay㈱の業績は「その他」ではなく「ソフトバンク事業」に含めて表⽰し、FY2022Q2以前の各四半期について遡及修正*1 "Other" includes the business results of Fortress Investment Group LLC and Fukuoka SoftBank HAWKS Corp., among others. Since PayPay Corporation became a subsidiary of SoftBank Corp. and Z Holdings Corporation in October 2022, its operating results are no longer
included in “Other,” but are presented within the SoftBank segment from FY2022Q3, with the results retrospectively adjusted and presented for the periods prior to FY2022Q3.

- 16 -

NAVとLTV | NAV and LTV
FY2022Q1
調整後SBG単体保有株式価値（兆円） |(V)
Adjusted SBG stand-alone equity value of holdings (Trillions of yen)

(L)

Q2

FY2023
Q3

Q4

Q1

Q2

21.66

19.68

16.93

15.87

16.90

Alibaba

4.48

3.03

2.05

0.71

0.02

SoftBank Corp.

2.39

2.21

2.29

2.37

2.39

SVF1

3.41

3.27

2.79

2.80

3.03

SVF2

4.50

4.19

3.71

3.52

4.04

LatAm Funds

0.96

0.99

0.86

0.79

0.91

T-Mobile

1.00

1.15

1.15

1.23

1.20

Deutsche Telekom

0.17

0.13

0.16

0.28

0.23

Arm

2.96

3.13

2.63

2.87

3.66

その他 | Others

1.79

1.59

1.29

1.30

1.42

調整後SBG単体純有利⼦負債（兆円）|
Adjusted SBG stand-alone net interest-bearing debt (Trillions of yen)

3.15

2.96

3.08

1.75

1.35

連結純有利⼦負債 | Consolidated net interest-bearing debt

17.92

14.13

13.48

13.59

14.70

独⽴採算⼦会社等の純有利⼦負債 |Net interest-bearing debt at self-financing entities, etc.

5.90

5.63

5.37

5.38

5.76

その他調整 | Other adjustments

8.87

5.54

5.03

6.46

7.59

18.52

16.73

13.85

14.13

15.54

11,64010,791

9,472

9,656

10,616

14.5

15.0

18.2

11.0

8.0

5,235

4,900

5,644

5,182

6,773

1,590,724,012

1,549,888,403

1,462,458,385

1,463,047,631

1,464,039,190

136.68144.81132.70133.53144.99(V) - (L) NAV（兆円 | trillions of yen)

1株当たりNAV （円）| NAV per share (yen)(L) / (V) LTV（%）（ご参考） | (Reference)

SBGの株価 （円）| Share price of SBG (yen)
SBGの発⾏済株式総数（⾃⼰株式を除く）|
Total number of SBG shares issued (excluding treasury stock)
USD / JPY
*1 NAVおよびLTVの定義については、「NAVとLTVの定義」を参照*1 For the definition of NAV and LTV, please refer to "Definition of NAV and LTV."- 17 -

Q3

Q4

LTV計算（2023年6⽉末） | LTV Calculation as of June 30, 2023
（兆円 | Trillions of yen）

LTV (Loan to Value)(L) 調整後SBG単体純有利⼦負債 |Adjusted SBG stand-alone net interest-bearing debt(V) 調整後SBG単体保有株式価値 |Adjusted SBG stand-alone equity value of holdings
LTV = (L) / (V)

1.35
16.90
8.0%

調整後SBG単体純有利⼦負債 |Adjusted SBG stand-alone net interest-bearing debt(a) 連結純有利⼦負債 | Consolidated net interest-bearing debt

調整後SBG単体保有株式価値 |Adjusted SBG stand-alone equity value of holdings
14.70

内訳 | Breakdown(d) 主な上場株式 | Major listed shares

9.56

内訳 | Breakdown

連結 有利⼦負債 | Consolidated interest-bearing debt

21.91

Alibaba

4.29

連結 ⼿元流動性 | Consolidated cash position-7.21

SoftBank Corp.

2.95

T-Mobile

1.62

Deutsche Telekom(b) 独⽴採算⼦会社等の純有利⼦負債 | Net interest-bearing debt at self-financing entities, etc.

5.76

0.71

(e) Arm

4.88(f) SVF1

3.03

SoftBank Corp.*2

4.71(g) SVF2

4.04

Arm

-0.27

(h) LatAm Funds

0.91

SVF1

0.55

(j) その他 | Others

1.42(k) アセットバック・ファイナンスの調整 | Adjustment on asset-backed finance-6.95

内訳 | Breakdown

SVF2

0.76

LatAm Funds-0.00

その他 | Other self-financing entities

0.01

内訳 | Breakdown(c) その他調整 | Other adjustments

7.59

内訳 | Breakdown

Alibaba-4.27

SoftBank Corp.

-0.56

T-Mobile-0.41

ハイブリッド債・ハイブリッドローンの調整 | Adjustment on hybrid bonds and hybrid loan

0.15

Deutsche Telekom-0.48

アセットバック・ファイナンス調整 | Adjustment on asset-backed finance

7.44

Arm

-1.23

(L) = (a) - (b) - (c) 調整後SBG単体純有利⼦負債 |Adjusted SBG stand-alone net interest-bearing debt

1.35

*1 LTV計算の定義については、「NAVとLTVの定義」を参照*1 For the definition of LTV calculation, please see "Definition of NAV and LTV."*2 ZホールディングスおよびPayPay㈱をはじめとする⼦会社を含む*2 Includes its subsidiaries such as Z Holdings and PayPay Corporation.

- 18 -(V) = (d) ~ (k) 調整後SBG単体保有株式価値 |Adjusted SBG stand-alone equity value of holdings

16.90

NAVとLTVの定義（2023年6⽉末）
前四半期末以前のNAVとLTVの定義については、各四半期のデータシートを参照

1 NAV（Net Asset Value︓時価純資産）

NAV = 調整後SBG単体保有株式価値 - 調整後SBG単体純有利⼦負債
1株当たりNAV = NAV ÷ 発⾏済株式総数（⾃⼰株式を除く）

2 調整後SBG単体保有株式価値

Alibaba（アリババ）︓SBGの保有株式数に相当する⽶国預託証券数 × 同証券の株価 ー 同社株式を活⽤した複数の先渡売買契約（フロア契約・カラー契約・フォワード契約・コールスプレッド）のうち未決済分の満期決済⾦額（同社株価で算出）の合計額
SoftBank Corp.（SBKK）︓SBGの保有株式数 × 同社株価 ー 同社株式を活⽤したマージンローンの負債残⾼相当額等
SVF1︓SVF1の保有資産価値相当に対するSBGの持分 + 成功報酬の⾒込み⾦額等
SVF2︓SVF2の保有資産価値相当に対するSBGの持分等
LatAm Funds（LatAmファンド）︓LatAmファンドの保有資産価値相当に対するSBGの持分 + 成功報酬の⾒込み⾦額
T-Mobile（Tモバイル）︓(a) ＋ (b) ー (c) ー (d)(a) SBGの保有株式数（ドイツテレコムが保有する株式購⼊オプションの対象株式数（2023年6⽉末時点︓34,971,809株）を含む）× 同社株価(b) ⼀定の条件下でSBGがTモバイル株式（48,751,557株）を無償で取得できる権利（条件付対価）の公正価値(c) ドイツテレコムが保有する未⾏使の株式購⼊オプションに係るデリバティブ⾦融負債の⾦額(d) Tモバイル株式を活⽤した先渡売買契約（カラー契約）の満期決済⾦額（同社株価で算出）
Deutsche Telekom（ドイツテレコム）︓SBGの保有株式数 × 同社株価 ー 同社株式を活⽤したカラー取引の満期決済⾦額
Arm（アーム）︓SVF1において算出されたアームの全株式の公正価値 × SBG保有割合（発⾏済株式総数の約75％） ー SBGが保有する同社株式を活⽤したアセットバック・ファイナンスによる借⼊の負債残⾼相当額
その他︓(e) + (f) + (g)(e) 上場株式︓SBGの保有株式数に各上場株式の株価を乗じて算出(f) ⾮上場株式︓SBGが保有する未上場株式等の公正価値（公正価値で測定していない株式等はSBGのBS上の簿価）に基づいて算出(g) SB Northstar︓同社のNAVに対するSBGの持分に、SBGが保有するNVIDIA Corporation株式数に同社株価を乗じた価値を加算して算出。なおSB Northstarの現⾦及び現⾦同等物ならびにマージンローンおよびプライムブローカレッジローン以外の有利⼦負債はSBGの純有利⼦負債と⾒なして扱い、同社NAVの算出には含めない。同社のマージンローンおよびプライムブローカレッジローンの残⾼は、2023年6⽉末においていずれもゼロ。

3 調整後SBG単体純有利⼦負債

SBG単体純有利⼦負債 = 連結純有利⼦負債 - 独⽴採算⼦会社等の純有利⼦負債*1 - その他調整
連結純有利⼦負債 = 連結有利⼦負債*2 - 連結⼿元流動性*3*1 独⽴採算⼦会社等の純有利⼦負債︓SBKK（Zホールディングス㈱およびPayPay㈱をはじめとする⼦会社を含む）、SVF1、SVF2、LatAmファンドおよびアーム等の独⽴採算⼦会社、ならびにSB Northstarの有利⼦負債合計から現預⾦等合計を減算
なお、SB Northstarの現⾦及び現⾦同等物ならびにマージンローンおよびプライムブローカレッジローン以外の有利⼦負債をSBGの純有利⼦負債に含める。同社のマージンローンおよびプライムブローカレッジローンの残⾼は、2023年6⽉末においていずれもゼロ。
*2 SBG連結外部に対する有利⼦負債およびリース負債の合計。 PayPay銀⾏㈱の銀⾏業の預⾦は含まない*3 連結⼿元流動性 ＝ 現⾦及び現⾦同等物 + 流動資産に含まれる短期投資。PayPay銀⾏㈱の⼿元流動性は含まない
その他調整 = 以下(h)〜(q)の合計(h) 2017年7⽉発⾏ ドル建ハイブリッド債︓連結会計上全額が資本計上されているため、50％を有利⼦負債に加算（2023年7⽉の初回任意償還⽇に償還したノンコール6年永久ハイブリッド債は100％加算）(i) 2017年11⽉実⾏ 円建ハイブリッドローン︓連結会計上全額が有利⼦負債に計上されているため、50％を有利⼦負債から控除(j) 2021年2⽉および6⽉発⾏ 円建ハイブリッド債︓連結会計上全額が有利⼦負債に計上されているため、50％を有利⼦負債から控除(k) 2023年4⽉発⾏ 円建ハイブリッド債︓連結会計上全額が有利⼦負債に計上されているため、50％を有利⼦負債から控除(l) 2023年5⽉実⾏ 円建ハイブリッドローン︓連結会計上全額が有利⼦負債に計上されているため、50％を有利⼦負債から控除(m) アリババ株式を活⽤した複数の先渡売買契約（フロア契約・カラー契約・フォワード契約）に係る株式先渡契約⾦融負債を控除(n) SBKK株式を活⽤したマージンローンの負債残⾼相当額等を控除(o) Tモバイル株式を活⽤した先渡売買契約（カラー契約）に係る株式先渡契約⾦融負債を控除(p) ドイツテレコム株式を活⽤したカラー取引に係る負債残⾼相当額を控除(q) アーム株式を活⽤したアセットバック・ファイナンスによる借⼊の負債残⾼相当額を控除

4 LTV（Loan to Value)

LTV = 調整後SBG単体純有利⼦負債 ÷ 調整後SBG単体保有株式価値※別段記載のない限り税⾦考慮前- 19 -

Definition of NAV and LTV as of June 30, 2023
For the definitions of NAV and LTV prior to the end of the previous quarter, see the datasheets for each quarter.

1 NAV（Net Asset Value）
NAV = Adjusted SBG stand-alone equity value of holdings - Adjusted SBG stand-alone net interest-bearing debt
NAV per share = NAV / Total number of shares issued (excluding treasury stock)

2 Adjusted SBG stand-alone equity value of holdings
Alibaba: the number of Alibaba ADSs equivalent to the number of shares held by SBG × Alibaba ADS price - the sum of the outstanding maturity settlement amounts (calculated by using the companyʼs share price)of the prepaid forward contracts (floor contracts, collar contracts, forward contracts, and call spread) using Alibaba shares.
SoftBank Corp.: the number of shares held by SBG × SBKK share price - the equivalent amount of outstanding liabilities for margin loans, etc. using SBKK shares.
SVF1: SBG's share of the equivalent value of assets held by SVF1 + accrued performance fees, etc.
SVF2: SBG's share of the equivalent value of assets held by SVF2, etc.
LatAm Funds: SBG's share of the equivalent value of assets held by LatAm Funds + accrued performance fees.
T-Mobile: (a) + (b) - (c) - (d)(a) The number of T-Mobile shares held by SBG, including the number of shares subject to call options held by Deutsche Telekom (34,971,809 shares as of June 30, 2023) × T-Mobile share price.
(b) Fair value of SBGʼs right to acquire the companyʼs shares (48,751,557 shares) for no consideration under certain conditions (Contingent consideration).
(c) The amount of derivative financial liabilities related to unexercised call options held by Deutsche Telekom.
(d) Maturity settlement amount of the prepaid forward contracts (collar contracts) using T-Mobile shares (calculated by using the companyʼs share price).
Deutsche Telekom: the number of Deutsche Telekom shares held by SBG × Deutsche Telekom share price - the maturity settlement amount of a collar transaction using Deutsche Telekom shares.
Arm: the fair value of all Arm shares calculated at SVF1 × SBG ownership (approximately 75% of shares outstanding) - the amount equivalent to the outstanding balance of the borrowings made through asset-backed financeusing Arm shares.
Other: (e) + (f) + (g)(e) Listed shares: the number of shares held by SBG multiplied by the share price of each listed share.
(f) Unlisted shares: calculated based on the fair value (or the carrying amount in SBGʼs balance sheet for those not measured at fair value) of unlisted shares, etc. held by SBG.
(g) SB Northstar: SBGʼs share of SB Northstar's NAV plus the value of NVIDIA Corporation shares held by SBG multiplied by its share price. Cash and cash equivalents and interest-bearing debt, other than margin loans andprime brokerage loans, are treated as net interest-bearing debt of SBG therefore not included in the calculation of SB Northstarʼs NAV. There is no balance of margin loans and prime brokerage loans of SB Northstar as of June 30, 2023.

3 Adjusted SBG stand-alone net interest-bearing debt

SBG stand-alone net interest-bearing debt = consolidated net interest-bearing debt - net interest-bearing debt at self-financing entities, etc.*1 - other adjustments
Consolidated net interest-bearing debt = consolidated interest-bearing debt*2 - consolidated cash position*3*1 net interest-bearing debt at self-financing entities, etc.: the sum of gross interest-bearing debt minus the sum of cash positions of self-financing entities, such as SoftBank Corp. (including its subsidiaries such as Z Holdings Corporation
and PayPay Corporation),SVF1, SVF2, LatAm Funds and Arm, as well as SB Northstar.
Note: Cash and cash equivalents and interest-bearing debt, other than margin loans and prime brokerage loans of SB Northstar, are treated as net interest-bearing debt of SBG and are not subject to subtraction.
There is no balance of margin loans and prime brokerage loans of SB Northstar as of June 30, 2023.
*2 Consolidated interest-bearing debt only includes interest-bearing debt and lease liabilities to third parties, and excludes deposits for banking business at PayPay Bank Corporation.
*3 Consolidated cash position is the sum of cash and cash equivalents and short-term investments recorded as current assets, and excludes cash position at PayPay Bank Corporation.
Other adjustments: the sum of adjustments of (h) to (q) below(h) USD Hybrid Notes issued in July 2017: 50% added to interest-bearing debt (to be treated as a liability), as the entire amount is recorded as equity in the consolidated financial statements (the entire balance of NC6 Hybrid Notes,
which was redeemed on the first voluntary redemption date in July 2023, is added to interest-bearing debt).
(i) JPY Hybrid Loan borrowed in November 2017: 50% deducted from interest-bearing debt (to be treated as equity), as the entire amount is recorded as interest-bearing debt in the consolidated financial statements.
(j) JPY Hybrid Bonds issued in February and June 2021: 50% deducted from interest-bearing debt (to be treated as equity), as the entire amount is recorded as interest-bearing debt in the consolidated financial statements.
(k) JPY Hybrid Notes issued in April 2023: 50% deducted from interest-bearing debt (to be treated as equity), as the entire amount is recorded as interest-bearing debt in the consolidated financial statements.
(l) JPY Hybrid Loan borrowed in May 2023: 50% deducted from interest-bearing debt (to be treated as equity), as the entire amount is recorded as interest-bearing debt in the consolidated financial statements.
(m) Deduction of financial liabilities related to prepaid forward contracts (floor contracts, collar contracts, and forward contracts) using Alibaba shares.
(n) Deduction of the equivalent amount of outstanding liabilities for margin loans, etc. using SBKK shares.
(o) Deduction of financial liabilities related to prepaid forward contracts (collar contracts) using T-Mobile shares.
(p) Deduction of financial liabilities recorded as borrowings related to collar transactions using Deutsche Telekom shares.
(q) Deduction of the amount equivalent to the outstanding balance of the borrowings made through asset-backed finance using Arm shares.

4 LTV（Loan to Value)
LTV = Adjusted SBG stand-alone net interest-bearing debt / Adjusted SBG stand-alone equity value of holdings*Before considering tax unless otherwise stated- 20 -

債務返済スケジュール | Repayment Schedule（億円 | 100 millions of yen）

FY2023

FY2024FY2025

FY2026FY2027

FY2028FY2029FY2030

FY2031

FY2032

合計 | Total = (A) + (B)

7,053

7,861

9,994

10,993

4,650

16,065

5,389

-

1,944

669

3,999

4,500

5,000

5,279

-

-

3,850

-

-

-

-

-

-

-

-

10,291

-

-

-

-

154

-

1,770

4,050

-

2,220

-

-

-

669

社債 | Bonds
国内債（シニア）| Domestic (Senior)
国内債（劣後）| Domestic (Subordinated)
国内債（ハイブリッド）*2 | Domestic (Hybrid)*2
外債（シニア）*3 | Foreign-currency Denominated (Senior)*3

-

2,521

3,224

1,664

2,112

3,023

1,539

-

1,944

外債（ハイブリッド）*2*3 | Foreign-currency Denominated (Hybrid)*2*3

2,900

-

-

-

2,537

-

-

-

-

-

(A)⼩計 | Sub-total

7,053

7,021

9,994

10,993

4,650

15,534

5,389

-

1,944

669

タームローン | Term Loan
ハイブリッドローン*4 | Hybrid Loan*4

-

840

-

-

-

531

-

-

-

-

(B)⼩計 | Sub-total

-

840

-

-

-

531

-

-

-

-

*1 2023年6⽉末時点の発⾏残⾼。バイバックにより取得した社債を除く。
*1 Outstanding balance of SBG stand-alone as of June 30, 2023. Excludes the repurchased bonds.
*2 ハイブリッド社債︓すべて初回コール⽇に早期償還するケース*2 Hybrid Bonds: Assumes that the bonds are redeemed on the dates of the first calls.
*3 外債︓スワップを締結しているものはスワップレートにて換算。これ以外は1⽶ドル=144.99円、1ユーロ＝157.60円にて換算*3 Foreign-currency Denominated Bonds: The contracted exchange rate is used for those swap contracts are applicable. USD 1 = JPY 144.99, EUR 1 = JPY 157.60 are used elsewhere.
*4 ハイブリッドローン︓2017年11⽉2⽇付および2023年4⽉7⽇付の劣後特約付⾦銭消費貸借契約に基づくSBGの借⼊。初回コール⽇（期限前弁済可能⽇）に弁済するケース*4 Hybrid Loan: The loan made by SBG pursuant to the subordinated loan agreement dated November 2, 2017 and April 7, 2023. Assumes that the loan is repaid on the date of the first call.

- 21 -

社債・コマーシャルペーパー明細
銘柄（単位の表記がない場合 単位︓百万円）

通貨

利率
(％、年)

償還期限

2023年3⽉末
発⾏残⾼

2023年6⽉末
発⾏残⾼

2023年6⽉末
B/S残⾼

コマーシャルペーパー

円

ｰ

ｰ

161,000

189,000

189,000

第49回無担保普通社債円

2023年4⽉20⽇

1.940

19,500--2023年4⽉満期ドル建普通社債

⽶ドル

2023年4⽉20⽇

5.500$164mn--

2023年4⽉満期ユーロ建普通社債

ユーロ

2023年4⽉20⽇

4.000€635mn--円

2024年3⽉8⽇

2.030

47,30047,30047,280352,186

第52回無担保普通社債
第51回無担保普通社債 (福岡ソフトバンクホークスボンド)

円

2024年3⽉15⽇

2.030

352,612352,612

第54回無担保普通社債円

2024年6⽉12⽇

1.569

40,00040,00039,973

第53回無担保普通社債 (福岡ソフトバンクホークスボンド)

円

2024年6⽉14⽇

1.570

410,000

410,000

409,2142024年7⽉満期ユーロ建普通社債

ユーロ

2024年7⽉6⽇

2.125€640mn€640mn100,476

2024年9⽉満期ドル建普通社債

⽶ドル

2024年9⽉19⽇

4.750$783mn$782mn113,106

2025年1⽉満期ドル建普通社債

⽶ドル

2025年1⽉6⽇

3.125$450mn$449mn64,741

2025年4⽉満期ドル建普通社債

⽶ドル

2025年4⽉20⽇

6.125$340mn$340mn49,0942025年4⽉満期ユーロ建普通社債

ユーロ

2025年4⽉20⽇

4.500€272mn€272mn42,739円

2025年4⽉25⽇

1.640

500,000

500,000

498,175
83,098

第55回無担保普通社債 (福岡ソフトバンクホークスボンド)
2025年7⽉満期ドル建普通社債

⽶ドル

2025年7⽉30⽇

6.000$575mn$575mn

2025年7⽉満期ユーロ建普通社債

ユーロ

2025年7⽉30⽇

4.750€633mn€633mn99,4042025年9⽉満期ユーロ建普通社債

ユーロ

2025年9⽉19⽇

3.125€702mn€702mn110,257

第50回無担保普通社債円

2026年4⽉20⽇

2.480

30,00030,00029,958⽶ドル

2026年7⽉6⽇

4.000$673mn$669mn96,375

第57回無担保普通社債円

2026年9⽉11⽇

1.380

100,000

97,90097,706

第56回無担保普通社債 (福岡ソフトバンクホークスボンド)

円

2026年9⽉17⽇

1.380

400,000

400,000

397,733

2026年7⽉満期ドル建普通社債

2027年1⽉満期ユーロ建普通社債

ユーロ

2027年1⽉6⽇

2.875€445mn€440mn68,861

2027年7⽉満期ユーロ建普通社債

ユーロ

2027年7⽉30⽇

5.250€211mn€211mn32,9992027年9⽉満期ドル建普通社債

⽶ドル

2027年9⽉19⽇

5.125$1,666mn$1,658mn

239,1122028年4⽉満期ドル建普通社債

⽶ドル

2028年4⽉15⽇

6.250$467mn$466mn67,165

2028年4⽉満期ユーロ建普通社債

ユーロ

2028年4⽉15⽇

5.000€1,058mn€1,058mn

165,803

2028年7⽉満期ドル建普通社債

⽶ドル

2028年7⽉6⽇

4.625$803mn$790mn113,568

2029年7⽉満期ユーロ建普通社債

ユーロ

2029年7⽉6⽇

3.375€504mn€495mn77,2872029年9⽉満期ユーロ建普通社債

ユーロ

2029年9⽉19⽇

4.000€584mn€576mn90,158

第58回無担保普通社債 (福岡ソフトバンクホークスボンド)円

2029年12⽉14⽇

2.840

385,000

385,000

380,571

2031年7⽉満期ドル建普通社債

⽶ドル

2031年7⽉6⽇

5.250$1,350mn$1,340mn

192,572

2032年7⽉満期ユーロ建普通社債

66,295ユーロ

2032年7⽉6⽇

3.875€446mn€425mn

第4回劣後特約付無担保社債円

2028年9⽉15⽇

2.400

50,00030,10029,957

第3回劣後特約付無担保社債円

2028年9⽉29⽇

2.400

450,000

450,000

445,003

第5回劣後特約付無担保社債円

2029年2⽉2⽇

2.480

550,000

549,000

542,416

第2回利払繰延条項・期限前償還条項付無担保社債（劣後特約付）（ハイブリッド債）

円

2043年9⽉16⽇

3.500

15,40015,40015,286

第4回利払繰延条項・期限前償還条項付無担保社債（劣後特約付）（ハイブリッド債）

円

2056年2⽉4⽇

3.000

177,000

177,000

175,608

第5回利払繰延条項・期限前償還条項付無担保社債（劣後特約付）（ハイブリッド債）

円

2056年6⽉21⽇

2.750

405,000

405,000

398,067

第6回利払繰延条項・期限前償還条項付無担保社債（劣後特約付）（ハイブリッド債）

円

2058年4⽉26⽇

4.750

-

222,000

218,106

合計

6,139,350（参考）※会計上(IFRSs)は「その他の資本性⾦融商品」として資本の部に計上
⽶ドル建ノンコール6年永久劣後特約付社債（利払繰延条項付）*2

⽶ドル

なし

6.000

$2,000mn$2,000mn

220,856

⽶ドル建ノンコール10年永久劣後特約付社債（利払繰延条項付）*2

⽶ドル

なし

6.875

$1,750mn$1,750mn

193,199*1 SBG単体の社債・コマーシャルペーパー明細。バイバックにより取得した社債を除く*2 ⽶ドル建永久劣後特約付社債の初回コール⽇は、ノンコール6年が2023年7⽉19⽇、ノンコール10年が2027年7⽉19⽇- 22 -

Corporate Bonds and Commercial Paper Details
Item

Currency

Interest Rate(%, year)

Maturity Date

(Millions of yen; unless otherwise stated)

Mar 31, 2023
Outstanding AmountJune 30, 2023
Outstanding AmountJune 30, 2023
B/S BalanceCommercial paper

JPY

-

-

161,000

189,000

189,000

49th series Unsecured Straight BondJPY

Apr 20, 2023

1.940

19,500--

USD-denominated Senior Notes due April 2023

USD

Apr 20, 2023

5.500

$164mn--EUR-denominated Senior Notes due April 2023

EUR

Apr 20, 2023

4.000

€635mn--52nd series Unsecured Straight BondJPY

Mar 8, 2024

2.030

47,30047,30047,28051st series Unsecured Straight Bond (Fukuoka SoftBank HAWKS Bond)JPY

Mar 15, 2024

2.030

352,612352,612352,186

54th series Unsecured Straight Bond

JPY

Jun 12, 2024

1.569

40,00040,00039,97353rd series Unsecured Straight Bond (Fukuoka SoftBank HAWKS Bond)

JPY

Jun 14, 2024

1.570

410,000

410,000

409,214

EUR-denominated Senior Notes due July 2024

EUR

Jul 6, 2024

2.125€640mn€640mn100,476

USD-denominated Senior Notes due September 2024

USD

Sep 19, 2024

4.750

$783mn$782mn113,106

USD-denominated Senior Notes due January 2025

USD

Jan 6, 2025

3.125$450mn$449mn64,741

USD-denominated Senior Notes due April 2025

USD

Apr 20, 2025

6.125

$340mn$340mn49,094EUR-denominated Senior Notes due April 2025

EUR

Apr 20, 2025

4.500

€272mn€272mn42,73955th series Unsecured Straight Bond (Fukuoka SoftBank HAWKS Bond)JPY

Apr 25, 2025

1.640

500,000

500,000

498,175

USD-denominated Senior Notes due July 2025

USD

Jul 30, 2025

6.000

$575mn$575mn83,098EUR-denominated Senior Notes due July 2025

EUR

Jul 30, 2025

4.750

€633mn€633mn99,404EUR-denominated Senior Notes due September 2025

EUR

Sep 19, 2025

3.125€702mn€702mn110,257

50th series Unsecured Straight BondJPY

Apr 20, 2026

2.480

30,00030,00029,958USD-denominated Senior Notes due July 2026

USD

Jul 6, 2026

4.000

$673mn$669mn96,37557th series Unsecured Straight Bond

JPY

Sep 11, 2026

1.380

100,000

97,90097,70656th series Unsecured Straight Bond (Fukuoka SoftBank HAWKS Bond)

JPY

Sep 17, 2026

1.380

400,000

400,000

397,733

EUR-denominated Senior Notes due January 2027

EUR

Jan 6, 2027

2.875

€445mn€440mn68,861

EUR-denominated Senior Notes due July 2027

EUR

Jul 30, 2027

5.250

€211mn€211mn32,999USD-denominated Senior Notes due September 2027

USD

Sep 19, 2027

5.125

$1,666mn$1,658mn

239,112USD-denominated Senior Notes due April 2028

USD

Apr 15, 2028

6.250

$467mn$466mn67,165EUR-denominated Senior Notes due April 2028

EUR

Apr 15, 2028

5.000

€1,058mn€1,058mn

165,803

USD-denominated Senior Notes due July 2028

USD

Jul 6, 2028

4.625

$803mn$790mn113,568

EUR-denominated Senior Notes due July 2029

EUR

Jul 6, 2029

3.375

€504mn€495mn77,287

EUR-denominated Senior Notes due September 2029

EUR

Sep 19, 2029

4.000

€584mn€576mn90,15858th series Unsecured Straight Bond (Fukuoka SoftBank HAWKS Bond)JPY

Dec 14, 2029

2.840

385,000

385,000

380,571

USD-denominated Senior Notes due July 2031

USD

Jul 6, 2031

5.250

$1,350mn$1,340mn

192,572

EUR-denominated Senior Notes due July 2032

EUR

Jul 6, 2032

3.875

€446mn€425mn66,295

4th series Unsecured Subordinated Bond

JPY

Sep 15, 2028

2.400

50,00030,10029,957

3rd series Unsecured Subordinated BondJPY

Sep 29, 2028

2.400

450,000

450,000

445,003

5th series Unsecured Subordinated Bond
2nd Unsecured Subordinated Bonds with interest deferrable clause and early redeemable option(with a subordination provision) (Hybrid Bonds)
4th Unsecured Subordinated Bonds with interest deferrable clause and early redeemable option(with a subordination provision) (Hybrid Bonds)
5th Unsecured Subordinated Bonds with interest deferrable clause and early redeemable option(with a subordination provision) (Hybrid Bonds)
6th Unsecured Subordinated Bonds with interest deferrable clause and early redeemable option(with a subordination provision) (Hybrid Bonds)

JPY

Feb 2, 2029

2.480

550,000

549,000

542,416JPY

Sep 16, 2043

3.500

15,40015,40015,286JPY

Feb 4, 2056

3.000

177,000

177,000

175,608

JPY

Jun 21, 2056

2.750

405,000

405,000

398,067

JPY

Apr 26, 2058

4.750

-

222,000

Total

218,106
6,139,350(Reference) *Recorded as equity (other equity instruments) in financial statements (IFRSs)
Undated Subordinated NC6 Resettable Notes*2

USD

N/A

6.000

$2,000mn$2,000mn

220,856

Undated Subordinated NC10 Resettable Notes*2

USD

N/A

6.875

$1,750mn$1,750mn

193,199*1 Corporate bonds and commercial paper details of SBG stand-alone. Excludes the repurchased bonds.
*2 First call dates of undated subordinated resettable notes are July 19, 2023 for NC6 and July 19, 2027 for NC10.

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