2024年3⽉期 第2四半期 決算データシート
Data Sheet for the Second Quarter Ended September 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9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 September 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

FY2023Q2

H16,570,439

1,557,507

1,669,553

3,227,060

748,919

3,328,042

832,075

900,242

1,732,317-511,568

526,107-835,059-698,957-264,598-963,555

3,524,655

174,945

860,900

4,560,500-689,697

276,167-413,530-1,434,412-4,353,542-653,213-315,510-5,322,265-13,043-570,239-583,282-26,533

5,822-20,711-33,300-19,283-73,294

3,783

29,47433,257

販売費及び⼀般管理費 | Selling, general and administrative expenses-626,513-627,827-1,254,340-666,775-774,213-2,695,328-648,080-705,992-1,354,072

財務費⽤ | Finance cost

-114,139-200,078-314,217-119,291-122,394-555,902-139,601-155,583-295,184

為替差損益 | Foreign exchange gain (loss)-819,969-275,457-1,095,426

367,442-44,286-772,270-464,642-183,444-648,086

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

103,500-54,870-15,741-26,066-96,677-18,319-16,301-34,620

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)-259,250

1,289,030

1,029,780-410,193-565,331

54,256

849,629-147,911

701,718

SVFにおける外部投資家持分の増減額 |Change in third-party interests in SVF

631,367

387,374

1,018,741

127,038-17,830

1,127,949-58,081-168,184-226,265

5,068

86,16991,237-211,379

96,004-24,138

169,782

10,540180,322

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

3,585,091

292,636-582,673-179,090-469,127-176,194-731,231-907,425

純利益 | Net income-3,096,321

3,082,759-13,562-744,678-31,561-789,801-316,194-788,959-1,105,153

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

3,033,602-129,098-783,415-57,631-970,144-477,616-931,111-1,408,727

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

140,805

414,715555,520

169,326

16,446741,292-172,574

261,341

88,767

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

286,098-14,804

271,294

191,918

84,366

547,578-307,791-459,585-767,376

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

175,926-754,254-578,328-297,550

1,067,395

191,517529,565-542,232-12,667

売上⾼ | Net sales
売上総利益 | Gross profit
投資損益合計 | Total gain 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

その他の損益 | Other gain (loss)

Q1

Q2

H1

Q3

Q4

1,572,030

1,610,447

3,182,477

1,693,296

1,694,666

883,791

837,538

1,721,329

857,794-2,834,440

1,984,842-849,598

111,223

3,413,432-2,919,130

年度 |Full year

Q1（百万円 | Millions of yen）

-2-

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

FY2023年度 |Full year

Q1

Q2

H1

Q3

Q4

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

Q1

Q2

H1

111,233

3,413,475

3,524,708

175,008

860,852

4,560,568-689,697

276,167-413,530

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--

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--

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

7,176-61,402-54,226-15,678-4,046-73,950-59-88,283-88,342

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

10,676-58,803-4,013-4,238-67,054906

29,09730,003

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*1-5,246-596-5,842846-106-5,102

18

-814

-796

-400

-147,266-147,666-90,193

2,242-235,617

17,686-12,197

5,489

投資の未実現評価損益 |Unrealized gain (loss) on valuation of investments-27,605-1,142,854-1,170,459

213,163

813,098-144,198-620,356

306,585-313,771

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

73,60912,92486,53369,001

49,972

205,506-97,024

30,529-66,495

為替換算影響額 |Effect of foreign exchange translation

-

-

-

-

-

-

-

6,532

6,532

11,073

1,005

12,078

1,882

3,930

17,890

9,132

4,718

13,850

販売費及び⼀般管理費 | Selling, general and administrative expenses-16,657-14,005-30,662-13,537-29,597-73,796-19,633-21,862-41,495

財務費⽤ | Finance cost

-80,029-160,610-240,639-76,563-81,339-398,541-97,256-112,386-209,642

為替差損益 | Foreign exchange gain (loss)-822,035-278,108-1,100,143

374,787-46,697-772,053-466,107-184,024-650,131

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

115,903-23,879

-829

1,872

-22,836-1,581-2,481-4,062

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

1,041,501-410,386-565,383

65,732

848,775-148,389

700,386-5,797

97,20091,403-179,002

78,371-9,22830,95944,26375,222-1,198,053

4,460,342

3,262,289-130,522

218,079

3,349,846-394,540-148,712-543,252（百万円 | Millions of yen）

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

その他 | Other

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

FY2023Q3

Q4

年度 |Full year-2,933,845-1,378,497-4,312,342-730,357-236,795-5,279,494

159,773-2,935,030-1,381,173-4,316,203-731,938-250,317-5,298,458

134,703

33,763

168,466-26,72232,1205,398

41,642

31,57678,616-68,179

923,948855,769

SVF1-30,466

33,757

3,291

44,85733,56581,713-86,940

1,004,706

917,766

SVF2

3,257

-2,466791-3,486-804-3,49919,713-80,741-61,028

487

829

1,316

271

-1,185

402

-952

-17

-969

-2,915,895-1,387,185-4,303,080-717,438-246,752-5,267,270

212,237-846,419-634,182-1,260,869-703,089-1,963,958-365,161

54,648-2,274,471

230,999-580,071-349,072-1,215,309-630,217-1,845,526-300,022

179,086-1,966,462

124,055-422,115-298,060-45,560-72,872-118,432-65,139-124,438-308,009

106,944-157,956-51,012-1,329,634-635,288-1,964,922-282,302-203,431-2,450,655-66,958-251,889-318,847-1,341,008-639,744-1,980,752-284,989-204,576-2,470,317-50,303-317,834-368,137（百万円 | Millions of yen）

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

Q1

Q2

H1

Q1

Q2

H1

21,363Q3

181,136

11,374

4,456

15,830

2,687

1,145

19,662-16,655

65,94549,290-325,392-48,808-374,200-69,975-97,969-542,144

48,196-14,459

33,737-325,155-48,807-373,962-70,039-97,811-541,812

47,135-14,459

32,676

-237

-1

-238

64

-158

-332

1,061

-

1,061
20,812

415

344

759

431

322

1,512

1,491

19,321

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

37,650-1,28536,365-20,174-1,654

14,537

2,453

1,974

4,427

為替換算影響額 | Effect of foreign exchange translation-30,478-25,167-55,645-36,399-33,809-125,853-13,299-65,061-78,360

1,185

2,676

3,861

1,581

13,522

18,96425,070-12,400

12,670

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-18,904-12,079-30,983-22,201-12,815-65,999-18,299-26,389-44,688

財務費⽤ | Finance cost

-15,401-20,394-35,795-23,279-22,107-81,181-23,628-28,904-52,532

499

121

620

245

42

907

-

-

-

631,367

387,374

1,018,741

127,038-17,830

1,127,949-58,081-168,184-226,265

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)

5,534

3,571

9,105

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

1,276-56,750-55,474-2,330,750-1,019,904-3,350,654-660,096-297,541-4,308,291

61,041-258,864-197,823*1 SVFによる当社⼦会社（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 SoftBank Vision Fundsʼ investments in shares in the Companyʼs subsidiaries (mainly Arm and PayPay Corporation) are included in the segment income of the SoftBank Vision Funds segment
as "Gain (loss) on at SoftBank Vision Funds" but are eliminated in consolidation and not included in "Gains (loss) on investments at SoftBank Vision Funds" in the Consolidated Results Summary.

-4-

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

公正価値 |
Fair value
(B)

投資額 |
Investment cost(A)

累計損益 |
Cumulative gain/loss(B) - (A)FY2023 Q2

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

FY2023 Q2

合計 | Total

73

55.0

42.3

-12.7

-1.6

-2.0

公開投資先 | Public companies

23

29.5
2.0
12.1
2.7
1.4
0.7
0.1
1.0
0.3
1.0
0.6
1.0
0.7
0.1
0.1
0.3
0.1
0.3
0.1
0.1
0.3
0.1
1.2
3.2

19.2
7.2
3.2
2.2
1.1
0.9
0.8
0.6
0.5
0.5
0.5
0.4
0.2
0.2
0.2
0.2
0.2
0.1
0.1
0.1
0.0
0.0
0.0
0.0

-10.3
5.2
-8.9
-0.5
-0.3
0.2
0.7
-0.4
0.2
-0.5
-0.1
-0.6
-0.5
0.1
0.1
-0.1
0.1
-0.2
-0.0
-0.0
-0.3
-0.1
-1.2
-3.2

-0.5
-0.1
0.2
0.1
0.1
0.1
0.0
-0.3
0.0
-0.1
-0.0
-0.1
-0.1
0.1
0.0
-0.1
-0.3
-0.0
-0.0
-0.0
-0.0
-0.0
0.0
-0.0

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

50

25.5

23.1

-2.4

-1.1

-1.8

Coupang, Inc.
DiDi Global Inc.*3
Grab Holdings Inc.
Full Truck Alliance Co. Ltd
Roivant Sciences Ltd.
DoorDash, Inc.
SenseTime Group Inc.
Delhivery Limited
PT GoTo Gojek Tokopedia Tbk
One 97 Communications Limited (Paytm)
Compass, Inc.
Auto1 Group GmbH
Zomato Limited
PB Fintech Limited (Policybazaar)
Relay Therapeutics, Inc.
Vir Biotechnology, Inc.
Aurora Innovation Inc.
Energy Vault, Inc.
Ginkgo Bioworks Holdings, Inc.
Getaround, Inc.
OneConnect Financial Technology Co., Ltd.
View Inc.
WeWork Inc.
未公開投資先 | Private companies*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、FY2023Q2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, while private portfolio companies are those not classified as public.
The distinction between public and private portfolio companies is determined by their status as of the end of FY2023Q2.
*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 due to rounding each item 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)☆: 共同出資プログラムの対象外の投資 | Investments outside of the co-investment program（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 Q2
合計 | Total
公開投資先 | Public companies

273
17

49.7
8.8

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

FY2023 Q2
28.5
3.6

-21.2
-5.2

-2.2
-1.5

-2.5
-1.4
-1.0

AutoStore Holdings Ltd.

2.8

1.9

-0.9

-1.0

Symbotic Inc.

0.2

0.7

0.5

-0.2

0.2

0.2

0.2

-0.0

0.0

-0.0

Keep Inc.

0.2

0.2

0.0

0.1

0.1

Qingdao AInnovation Technology Group Co., Ltd.

0.2

0.1

-0.1

-0.1

-0.0

Exscientia plc.

-0.0

☆ Full Truck Alliance Co. Ltd.

0.3

0.1

-0.2

-0.0

☆ IonQ, Inc.

0.1

0.1

0.0

0.0

0.1

☆ JD Logistics, Inc

0.5

0.1

-0.4

-0.0

-0.1

0.1

0.1

0.0

0.0

0.0

3.0

0.1

-2.9

-0.3

-0.7
-0.0

Neumora Therapeutics, Inc.
☆ WeWork Inc.

0.1

0.0

-0.1

-0.0

☆ Better Holdco, Inc.

Beisen Holding Limited

0.5

0.0

-0.5

0.0

-0.0

☆ DingDong (Cayman) Limited

0.3

0.0

-0.3

-0.0

-0.0

☆ Pear Therapeutics, Inc.*3

0.0

0.0

-0.0

-0.0

-0.0

☆ Seer, Inc.

0.2

0.0

-0.2

-0.0

-0.0

0.0

0.0

-0.0

0.0

-0.0

0.1

0.0

-0.1

0.0

0.0

40.9

24.9

-16.0

-0.7

-1.1

Globalstar, Inc.
☆ Zhangmen Education Inc.*3

未公開投資先 | Private companies

*4

256

*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、FY2023Q2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, while private portfolio companies are those not classified as public.
The distinction between public and private portfolio companies is determined by their status as of the end of FY2023Q2.
*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 due to rounding each item to the nearest unit.
*3 店頭市場取引銘柄*3 Traded in the over-the-counter market.
*4 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および額⾯3.0億⽶ドルの債券を含む*4 Includes the convertible bonds and notes with a face value of $0.30 billion held by SVF2 in accordance with an agreement among WeWork, its principal bondholders, SVF2, and others to support the restructuring of WeWorkʼs debt.

-6-

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 Q2
合計 | Total

SVF1

FY2023
累計 | YTD

FY2023 Q2

73

55.0

42.3

-12.7

-1.6

コンシューマー | Consumer

13

10.0

24.0

14.0

-0.3

0.4

エドテック | Edtech

1

0.6

0.2

-0.4

0.1

0.0

-2.0

エンタープライズ | Enterprise

6

1.5

1.7

0.2

0.0

0.1

フィンテック | Fintech

10

3.2

1.5

-1.7

-0.0

0.1

フロンティアテック | Frontier Tech

8

2.0

1.0

-1.0

-0.3

-0.6

ヘルステック | Health Tech

6

1.6

1.6

-0.0

-0.3

-0.1

ロジスティクス | Logistics

13

7.4

4.5

-2.9

-0.9

-1.2

プロップテック | Proptech

8

9.7

1.4

-8.3

-0.1

-0.5

トランスポーテーション | Transportation

8

19.0

6.4

-12.6

0.2

-0.2
-2.5

合計 | Total

SVF2

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

273

49.7

28.5

-21.2

-2.2

コンシューマー | Consumer

55

11.8

6.5

-5.3

-0.2

-0.3

エドテック | Edtech

10

1.5

0.9

-0.6

-0.1

-0.1
-0.2

エンタープライズ | Enterprise

69

8.7

5.6

-3.1

-0.2

フィンテック | Fintech

34

8.5

4.8

-3.7

0.1

0.3

フロンティアテック | Frontier Tech

20

3.2

2.3

-0.9

-0.1

-0.1

ヘルステック | Health Tech

43

4.6

2.2

-2.4

-0.3

-0.3

ロジスティクス | Logistics

15

4.8

3.4

-1.4

-1.3

-0.9

プロップテック | Proptech

10

3.9

0.2

-3.7

-0.3

-1.2

トランスポーテーション | Transportation

10

2.5

2.4

-0.1

0.2

0.3

その他 | Other

7

0.2

0.2

0.0

0.0

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 due to rounding each item to the nearest unit.

-7-

SVF1 投資先⼀覧 | SVF1 Portfolio
2023年9⽉末時点。エグジット済みの投資を除く | As of September 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

セクター | Sector

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 Rooms)
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.
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)
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
FY2017 Q3
FY2019 Q2
FY2019 Q1
FY2018 Q3
FY2018 Q4
FY2017 Q3
FY2018 Q1
FY2019 Q1
FY2019 Q2
FY2019 Q1
FY2018 Q4
FY2017 Q2
FY2018 Q4
FY2019 Q2
FY2022 Q3
FY2017 Q3
FY2018 Q2
FY2018 Q2
FY2021 Q1Health Tech

Logistics

ProptechTransportation

会社名（アルファベット順）| Name (in alphabetical order)
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■ 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.
■ Compass, Inc.
Katerra Inc.
■ View Inc.
WeWork Greater China Holding Company B.V.
■ WeWork Inc.
WeWork Japan GK
Ziroom Inc.
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73件 | Total of 73 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9⽉末時点。エグジット済みの投資を除く | As of September 30, 2023. Excludes exited investments.

セクター | Sector

Consumer

会社名（アルファベット順）| Name (in alphabetical order)
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.
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 (ElasticRun)
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☆: 共同出資プログラムの対象外の投資 | Investments 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-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 Inc. (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)
Cato Networks Limited
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.
■ Globalstar, 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

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
FY2023 Q2
FY2022 Q1
FY2021 Q2
FY2021 Q4
FY2021 Q2
FY2022 Q2FY2021 Q4
FY2021 Q1
FY2021 Q2
FY2021 Q2
FY2021 Q1
FY2021 Q1
FY2021 Q4
FY2023 Q2
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

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9⽉末時点。エグジット済みの投資を除く | As of September 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)
Skedulo Holdings, Inc.
Smooth and Steady Inc. (Ekuaibao)
Sobot Technologies Inc.
Standard Cognition, Corp.
TigerGraph, Inc.
Tractable Inc.
Trax Ltd
Treasure Data, Inc.
Unifonic Inc.
Vendr, Inc.
Workboard, Inc.
Z21 Labs Inc. (Observe AI)
Zaihui Inc.
他1件 | 1 other investment
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 | Investments outside of the co-investment program

初回出資⽇ |
Initial Investment Date

FY2021 Q1
FY2021 Q2
FY2021 Q4
FY2020 Q4
FY2021 Q1
FY2023 Q2
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.
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 Gaussian Automation Technology Development 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.
Alto Pharmacy, LLC
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.
■ Neumora Therapeutics, Inc.
Neuron23, Inc.
Noah Medical Corporation☆ ■ Pear Therapeutics, Inc.
Plexium, Inc.
Proximie Limited
QuantumPharm Inc. (XtalPi)
Quris Technologies Ltd.
Repertoire Immune Medicines☆ ■ 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
FY2020 Q3
FY2021 Q4
FY2021 Q1
FY2021 Q2
FY2021 Q4
FY2021 Q2
FY2021 Q1
FY2021 Q4
FY2021 Q3
FY2022 Q1
FY2021 Q3
FY2022 Q2FY2021 Q1
FY2021 Q2
FY2021 Q3
FY2021 Q3
FY2022 Q1
FY2019 Q3
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 Q2
FY2021 Q3
FY2021 Q4
FY2020 Q3
FY2021 Q4
FY2022 Q1
FY2020 Q2
FY2022 Q1
FY2021 Q1
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9⽉末時点。エグジット済みの投資を除く |As of September 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 | Investments outside of the co-investment program

会社名（アルファベット順）| Name (in alphabetical order)■ AutoStore Holdings Ltd.
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*1
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
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273件 | Total of 273 investments*1*1

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および額⾯3.0億⽶ドルの債券を含む
Includes the convertible bonds and notes with a face value of $0.30 billion held by SVF2 in accordance with an agreement among WeWork, its principal bondholders, SVF2, and others to support the restructuring of WeWorkʼs debt.

- 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9⽉末時点 | As of September 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

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.
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 Rooms)

株式公開⽇ |
Offering Date (YYYY/MM/DD)

公開⽅式 |
Formatファンド |
会社名 | Name
Fund
SVF2

2019/10/11
IPO
2019/12/13
IPO
2020/7/16
IPO
2020/12/9
IPO
2021/2/4
IPO
2021/3/9
De-SPAC
2021/3/11
IPO
2021/4/1
IPO
2021/6/22
IPO
2021/6/30
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
2021/10/1
De-SPAC
2021/10/21
De-SPAC
2021/11/4
De-SPAC
2021/11/15
IPO
2021/11/18
IPO
2021/12/2
De-SPAC
2021/12/30
IPO
2022/2/14
De-SPAC
2022/4/11
IPO
2022/5/24
IPO
2022/12/9
De-SPAC
TBA
IPO

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
Exscientia plc.
IonQ, Inc.
AutoStore Holdings Ltd.
WeWork Inc.
Pear Therapeutics, Inc.
Qingdao AInnovation Technology Group Co., Ltd.
Symbotic Inc.
Beisen Holding Limited
Keep Inc.
Better Holdco, Inc.
Neumora Therapeutics, Inc.
Shanghai JAKA Robotics Ltd.
全部エグジット済みの公開投資 | Fully exited public investments
KE Holdings Inc. (Beike)全部エグジット済みの公開投資 | Fully exited public investments
ZhongAn Online P & C Insurance Co., Ltd.
Ping An Healthcare and TechnologyCompany Limited (Ping An Good Doctor)
Guardant Health, Inc.
Uber Technologies, Inc.
Slack Technologies, Inc.
10x Genomics, Inc.
Opendoor Technologies Inc.
Arm Holdings plc*1*1*1

株式公開⽇ |
Offering Date (YYYY/MM/DD)

SVF1はArm Holdings plcの普通株式１株を引き続き保有
SVF1 continues to hold one ordinary share of Arm Holdings plc.

- 12 -

公開⽅式 |
Format2020/12/4
IPO
2021/5/28
IPO
2021/6/8
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
2021/6/22
IPO
2021/6/29
IPO
2021/10/1
IPO
2021/10/1
De-SPAC
2021/10/20
IPO
2021/10/21
De-SPAC
2021/12/6
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
2022/1/27
IPO
2022/6/8
De-SPAC
2023/4/13
IPO
2023/7/12
IPO
2023/8/24
De-SPAC
2023/9/15
IPO
TBA
IPO

LatAmファンド 投資先⼀覧 | LatAm Funds Portfolio
2023年9⽉末時点。エグジット済みの投資を除く | As of September 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 ☆: 共同出資プログラムの対象外の投資 | Investments outside of the co-investment program

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)
Aingel Corp. (Tribal)
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)
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*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 -

初回出資⽇ |
Initial Investment Date
FY2021 Q2
FY2021 Q3
FY2021 Q4
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 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（百万円 | Millions of yen）

売上⾼ | Net sales

Q1

Q2

FY2023

H1

Q3

Q4

年度 |
Full year

Q1

Q2

H1

1,380,802

1,471,429

2,852,231

1,536,001

1,568,305

5,956,537

1,430,067

1,503,974

2,934,041

222,214202,683

424,897

120,646

47,239592,782

254,987

260,245515,232-184,156-185,716-369,872-189,621-209,219-768,712-181,576-181,322-362,898

1,133-4,583-3,450-22,765834-25,381

2,217

6,405

8,622

財務費⽤ | Finance cost

-15,341-15,738-31,079-16,509-16,432-64,020-16,140-16,881-33,021

持分法による投資損益*1 |Income (loss) on equity method investments*1-10,351-11,597-21,948-10,611-14,224-46,783-7,599-4,540-12,139

901

640

1,541

-740

-109

692

824

398

1,222

7,769

-6,804965-30,105-13,613-42,753

30,2659,631

39,896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)*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㈱（現LINEヤフー㈱）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 (currently LY 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 -

Q3

Q4

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

FY2022
Q1

Q2

売上⾼ | Net sales

92,751

90,954セグメント利益（税引前利益）|
Segment income (income before income tax)

29,846

5,785（百万円 | Millions of yen）

H1

FY2023年度 |Full year

Q1

Q2

H1

Q3

Q4

183,705

105,247

92,794

381,746

88,502

117,295

205,797

35,631

19,270-6,23848,663-9,5081,069-8,439FY2022（参考）売上⾼*1 | (Reference) Revenue*1（百万⽶ドル | Millions of USD）

Q1

Q2

H1

Q3

Q4

年度 |
Full year

Q3

Q4

年度 |
Full year

Q3

Q4

年度 |
Full year

FY2023Q3

年度 |Full year

Q4

Q1

Q2

H1

ロイヤルティー収⼊ | Royalty revenue

453

463

916

446

421

1,783

365

418

783

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

266

193

459

300

276

1,034

276

388

664

合計 | Total

719

656

1,375

746

696

2,817

641

806

1,447

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

H1

7.5

FY2023
Q3

14.8

年度 |
Full year

Q4

7.9

7.8

30.6

Q1

Q2

6.8

*1 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*1 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.
*2 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）。FY2023Q2のロイヤルティー・ユニットは、2023年4〜6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。
*2 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 FY2023Q2 is based on chips shipped for three months ended June 30, 2023. In FY2023Q1, royalty unit data for FY2022 has been restated based on updated information received from Arm licensees.

- 15 -

H1

7.1

13.9

その他 | Other（監査前 | Unaudited）

FY2022

FY2023年度 |Full year

Q1

Q2

H1

Q3

Q4

売上⾼ | Net sales

101,625

51,551

153,176

54,39437,276セグメント利益（税引前利益） |Segment income (income before income tax)

-19,275

7,748-11,527-892

減価償却費及び償却費 | Depreciation and amortization-14,112-6,269-20,381

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

10,242

財務費⽤ | Finance cost

-4,166

持分法による投資損益 | Income (loss) on equity method 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)（百万円 | Millions of yen）

Q1

Q2

H1

Q3

244,846

43,902

52,56096,462-62,839-75,258

88,962-4,62584,337-5,423-5,497-31,301-4,789-5,603-10,392-17,463-10,587-20,233-48,283

1,480

17,23318,713-4,191-8,357-3,838-3,471-15,666-3,613-4,192-7,805-3,707

4,014

307

-431

-11,936-12,060-8,888-9,363-18,251-14,362--14,362---14,362

-

-

-

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㈱（現LINEヤフー㈱）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 (currently LY Corporation) in October 2022, its operating results are no longer included in “Other,” butare 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

Q3

21.66

19.68

16.93

15.87

16.90

18.35

Alibaba

4.48

3.03

2.05

0.71

0.02

0.01

SoftBank Corp.

2.39

2.21

2.29

2.37

2.39

2.67

SVF1

3.41

3.27

2.79

2.80

3.03

3.29

SVF2

4.50

4.19

3.71

3.52

4.04

3.89

LatAm Funds

0.96

0.99

0.86

0.79

0.91

0.94

T-Mobile

1.00

1.15

1.15

1.23

1.20

1.27

Deutsche Telekom

0.17

0.13

0.16

0.28

0.23

0.23

Arm

2.96

3.13

2.63

2.87

3.66

4.33

その他 | Others

1.79

1.59

1.29

1.30

1.42

1.73

3.15

2.96

3.08

1.75

1.35

1.94

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

17.92

14.13

13.48

13.59

14.70

14.68

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

4.70

その他調整 | Other adjustments

8.87

5.54

5.03

6.46

7.59

8.03

18.52

16.73

13.85

14.13

15.54

16.41

11,64010,791

9,472

9,656

10,616

11,196

14.5

15.0

18.2

11.0

8.0

10.6

5,235

4,900

5,644

5,182

6,773

6,335

1,590,724,012

1,549,888,403

1,462,458,385

1,463,047,631

1,464,039,190

1,465,715,598

136.68144.81132.70133.53144.99149.58

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)

- (L) NAV（兆円 | trillions of yen)

1株当たりNAV （円）| NAV per share (yen)/ (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 -

Q4

LTV計算（2023年9⽉末） | LTV Calculation as of September 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

1.94
18.35

LTV = (L) / (V)

10.6%
調整後SBG単体純有利⼦負債 |Adjusted SBG stand-alone net interest-bearing debt

調整後SBG単体保有株式価値 |Adjusted SBG stand-alone equity value of holdings
14.68(a) 連結純有利⼦負債 | Consolidated net interest-bearing debt
内訳 | Breakdown(d) 主な上場株式 | Major listed shares

15.84

内訳 | Breakdown

連結 有利⼦負債 | Consolidated interest-bearing debt

21.39

Alibaba

4.60

連結 ⼿元流動性 | Consolidated cash position-6.71

SoftBank Corp.

3.24

T-Mobile

1.70

Deutsche Telekom

0.71

4.70

Arm

5.59

(e) SVF1

3.29

SoftBank Corp.*2

4.54(f) SVF2

3.89

Arm

-0.30

(g) LatAm Funds

0.94

SVF1

-0.05

(h) その他 | Others

1.73

SVF2

0.51

LatAm Funds-0.00

その他 | Other self-financing entities-0.00(i) アセットバック・ファイナンスの調整 | Adjustment on asset-backed finance-7.33(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.
内訳 | Breakdown

内訳 | Breakdown

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

Alibaba-4.60

SoftBank Corp.

-0.56

T-Mobile-0.43

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

0.37

Deutsche Telekom-0.48

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

7.67

Arm

-1.26

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

1.94

*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㈱（現LINEヤフー㈱）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 Corporation (currently LY Corporation) and PayPay Corporation.

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

18.35

NAVとLTVの定義（2023年9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NAVに対するSBGの持分 + 成功報酬の⾒込み⾦額等
SVF2︓SVF2のNAVに対するSBGの持分等
LatAm Funds（LatAmファンド）︓LatAmファンドのNAV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を含む）× 同社株価(b) ⼀定の条件下でSBGがTモバイル株式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）︓SBGの保有株式数 x 同社株価 ー グループ内取引によりSVF1から取得したアーム株式の未払⾦残⾼ 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
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︓SB NorthstarのNAVに対するSBGの持分 ＋ SBGが保有するNVIDIA Corporation株式の公正価値。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の純有利⼦負債の⼀部と⾒なし、
同社NAVの算出には含めない。

3 調整後SBG単体純有利⼦負債
調整後SBG単体純有利⼦負債 = 連結純有利⼦負債*1 - 独⽴採算⼦会社等の純有利⼦負債*2 - その他調整
純有利⼦負債 = 有利⼦負債 - ⼿元流動性
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 + 国債投資
*1 連結有利⼦負債は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。連結⼿元流動性はPayPay銀⾏㈱の⼿元流動性を含まない。
*2 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㈱（現LINEヤフー㈱）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9⽉末においていずれもゼロ。
その他調整︓以下(h)〜(n)の合計(h) ハイブリッド債およびハイブリッドローンのうち、償還期限のあるものは連結会計上全額が有利⼦負債に計上されるため50％を有利⼦負債から控除（対象社債︓第4回円建ハイブリッド債、第5回円建ハイブリッド債、第6回円建ハイブリッド債）(i) ハイブリッド債のうち償還期限の無い永久債は連結会計上全額が資本計上されているため50%を有利⼦負債に算⼊（対象社債︓⽶ドル建ノンコール10年永久社債）(j) 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(k) 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(l) 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(m) 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(n) アーム株式を活⽤したマージンローン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 September 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 SVF1ʼs NAV + accrued performance fees, etc.
SVF2: SBG's share of SVF2ʼs NAV, etc
LatAm Funds: SBG's share of LatAm Fundsʼ NAV + 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 × T-Mobile share price.
(b) Fair value of SBGʼs right to acquire the companyʼs 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 number of shares held by SBG × Arm share price - payable amount of the consideration for Arm shares acquired from SVF1 through an intra-group transaction - the equivalent amount of outstanding liabilities for
margin loans using 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 + the fair value of NVIDIA Corporation shares. Cash and cash equivalents and interest-bearing debt, other than margin loans and prime brokerage loans, are treated as a part ofnet interest-bearing debt of SBG therefore not included in the calculation of SB Northstarʼs NAV.

3 Adjusted SBG stand-alone net interest-bearing debt
Adjusted SBG stand-alone net interest-bearing debt = consolidated net interest-bearing debt*1 - net interest-bearing debt at self-financing entities, etc.*2 - other adjustments
Net interest-bearing debt = Interest-bearing debt - Cash position
Cash position = cash and cash equivalents + short-term investments recorded as current assets + investments in government bonds*1 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.
Consolidated cash position excludes cash position at PayPay Bank Corporation.
*2 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(currently LY Corporation) and PayPay Corporation), SVF1, SVF2, LatAm Funds, and Arm, as well as SB Northstar.There is no balance of margin loans and prime brokerage loans of SB Northstar as of September 30, 2023.
Other adjustments: the sum of adjustments of (h) to (n) below(h) Among the hybrid bonds and hybrid loans with a redemption date, the entire amount is recorded as interest-bearing debt in consolidated accounting. Therefore, 50% is deducted from the interest-bearing debt (to be treated as equity).
Applicable bonds: 4th JPY-denominated hybrid bonds, 5th JPY-denominated hybrid bonds, 6th JPY-denominated hybrid bonds(i) Among the hybrid bonds, the perpetual bonds without a redemption date are recorded in their entirety as equity in consolidated accounting. Therefore, 50% is included in the interest-bearing debt.
Applicable bond: USD-denominated NC10 undated hybrid notes(j) Deduction of financial liabilities related to prepaid forward contracts (floor contracts, collar contracts, and forward contracts) using Alibaba shares.
(k) Deduction of the equivalent amount of outstanding liabilities for margin loans, etc. using SBKK shares.
(l) Deduction of financial liabilities related to prepaid forward contracts (collar contracts) using T-Mobile shares.
(m) Deduction of financial liabilities recorded as borrowings related to collar transactions using Deutsche Telekom shares.
(n) Deduction of the amount equivalent to the outstanding balance of the borrowings made through margin loans 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

FY2028FY2029FY2031

FY2032

合計 | Total = (A) + (B)

3,999

7,880

9,990

11,021

4,729

16,071

5,355

FY2030
-

1,953

671

社債 | Bonds
国内債（シニア）| Domestic (Senior)

3,999

4,500

5,000

5,279

-

-

3,850

-

-

-

国内債（劣後）| Domestic (Subordinated)

-

-

-

-

-

10,291----

国内債（ハイブリッド）*2 | Domestic (Hybrid)*2

-

-

1,770

4,050

-

2,220

-

-

-

-

外債（シニア）*3 | Foreign-currency Denominated (Senior)*3

-

2,540

3,220

1,692

2,111

3,029

1,505

-

1,953

671

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

-

-

-

-

2,618

-

-

-

-

-

3,999

7,040

9,990

11,021

4,729

15,540

5,355

-

1,953

671

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9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 Sept 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=149.58円、1ユーロ＝158.00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 149.58, EUR 1 = JPY 158.00 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9⽉末
発⾏残⾼

2023年9⽉末
B/S残⾼

コマーシャルペーパー

円

ｰ

ｰ

161,000

183,500

第49回無担保普通社債円

2023年4⽉20⽇

1.940

19,500-183,500-

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--

第52回無担保普通社債円

2024年3⽉8⽇

2.030

47,30047,30047,287

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

352,612352,612352,346

第54回無担保普通社債円

2024年6⽉12⽇

1.569

40,00040,00039,980

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

409,4282024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€638mn100,5122024年9⽉満期ドル建普通社債

⽶ドル

2024年9⽉19⽇

4.750$783mn$781mn116,592

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$449mn66,845

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$337mn50,2242025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€272mn42,868円

2025年4⽉25⽇

1.640

500,000

500,000

498,435

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$574mn85,6162025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€633mn99,6982025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€702mn110,583円

2026年4⽉20⽇

2.480

30,00030,00029,962⽶ドル

2026年7⽉6⽇

4.000$673mn$669mn99,483

第57回無担保普通社債円

2026年9⽉11⽇

1.380

100,000

97,90097,722

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

397,912

第50回無担保普通社債
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€437mn68,601

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€211mn33,095

2027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$1,657mn

246,6142028年4⽉満期ドル建普通社債

⽶ドル

2028年4⽉15⽇

6.250$467mn$466mn69,312

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€1,054mn

165,647

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$773mn114,7632029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€473mn74,0632029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€575mn90,255

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

380,743

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$1,305mn

193,5372032年7⽉満期ユーロ建普通社債

66,480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

50,00030,10029,964

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

445,245542,711

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

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

15,400--

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

175,619

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

398,119

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

218,134

合計

6,141,896（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--

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

Mar 31, 2023
Outstanding AmountSep 30, 2023
Outstanding Amount(Millions of yen; unless otherwise stated)

Sep 30, 2023
B/S BalanceCommercial paper

JPY

-

-

161,000

183,500

183,500

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

47,30047,30047,28751st series Unsecured Straight Bond (Fukuoka SoftBank HAWKS Bond)JPY

Mar 15, 2024

2.030

352,612352,612352,346

54th series Unsecured Straight Bond

JPY

Jun 12, 2024

1.569

40,00040,00039,98053rd series Unsecured Straight Bond (Fukuoka SoftBank HAWKS Bond)

JPY

Jun 14, 2024

1.570

410,000

410,000

409,428

EUR-denominated Senior Notes due July 2024

EUR

Jul 6, 2024

2.125€640mn€638mn100,512USD-denominated Senior Notes due September 2024

USD

Sep 19, 2024

4.750

$783mn$781mn116,592

USD-denominated Senior Notes due January 2025

USD

Jan 6, 2025

3.125$450mn$449mn66,845

USD-denominated Senior Notes due April 2025

USD

Apr 20, 2025

6.125

$340mn$337mn50,224EUR-denominated Senior Notes due April 2025

EUR

Apr 20, 2025

4.500

€272mn€272mn42,86855th series Unsecured Straight Bond (Fukuoka SoftBank HAWKS Bond)JPY

Apr 25, 2025

1.640

500,000

500,000

498,435

USD-denominated Senior Notes due July 2025

USD

Jul 30, 2025

6.000

$575mn$574mn85,616

EUR-denominated Senior Notes due July 2025

EUR

Jul 30, 2025

4.750

€633mn€633mn99,698EUR-denominated Senior Notes due September 2025

EUR

Sep 19, 2025

3.125€702mn€702mn110,583

50th series Unsecured Straight BondJPY

Apr 20, 2026

2.480

30,00030,00029,962USD-denominated Senior Notes due July 2026

USD

Jul 6, 2026

4.000

$673mn$669mn99,48357th series Unsecured Straight Bond

JPY

Sep 11, 2026

1.380

100,000

97,90097,72256th series Unsecured Straight Bond (Fukuoka SoftBank HAWKS Bond)

JPY

Sep 17, 2026

1.380

400,000

400,000

397,912EUR-denominated Senior Notes due January 2027

EUR

Jan 6, 2027

2.875

€445mn€437mn68,601

EUR-denominated Senior Notes due July 2027

EUR

Jul 30, 2027

5.250

€211mn€211mn33,095

USD-denominated Senior Notes due September 2027

USD

Sep 19, 2027

5.125

$1,666mn$1,657mn

246,614

USD-denominated Senior Notes due April 2028

USD

Apr 15, 2028

6.250

$467mn$466mn69,312EUR-denominated Senior Notes due April 2028

EUR

Apr 15, 2028

5.000

€1,058mn€1,054mn

165,647

USD-denominated Senior Notes due July 2028

USD

Jul 6, 2028

4.625

$803mn$773mn114,763

EUR-denominated Senior Notes due July 2029

EUR

Jul 6, 2029

3.375

€504mn€473mn74,063EUR-denominated Senior Notes due September 2029

EUR

Sep 19, 2029

4.000

€584mn€575mn90,25558th series Unsecured Straight Bond (Fukuoka SoftBank HAWKS Bond)JPY

Dec 14, 2029

2.840

385,000

385,000

380,743

USD-denominated Senior Notes due July 2031

USD

Jul 6, 2031

5.250

$1,350mn$1,305mn

193,537

EUR-denominated Senior Notes due July 2032

EUR

Jul 6, 2032

3.875

€446mn€425mn66,480

4th series Unsecured Subordinated Bond

JPY

Sep 15, 2028

2.400

50,00030,10029,964

3rd series Unsecured Subordinated BondJPY

Sep 29, 2028

2.400

450,000

450,000

445,245

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)
Total

JPY

Feb 2, 2029

2.480

550,000

549,000

542,711JPY

Sep 16, 2043

3.500

15,400--JPY

Feb 4, 2056

3.000

177,000

177,000

175,619

JPY

Jun 21, 2056

2.750

405,000

405,000

398,119JPY

Apr 26, 2058

4.750

-

222,000

218,134
6,141,896(Reference) *Recorded as equity (other equity instruments) in financial statements (IFRSs)
Undated Subordinated NC6 Resettable Notes*2

USD

N/A

6.000

$2,000mn--

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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