Ver.1.1

Earnings Results
for the Three-month Period
Ended June 30, 2024

Investor Briefing
August 7, 2024

SoftBank Group Corp.

Disclaimers
This presentation provides relevant information about SoftBank Group Corp. (“SBG”) and its subsidiaries (together with SBG, the “Company”) and its affiliates (together with the Company, the “Group”) and does not constitute or form any solicitation of investment
including any offer to buy or subscribe for any securities in any jurisdiction.
This presentation contains forward-looking statements, beliefs or opinions regarding the Group, such as statements about the Group’s future business, future position and results of operations, including estimates, forecasts, targets and plans for the Group.
Without limitation, forward-looking statements often include the words such as “targets”, “plans”, “believes”, “hopes”, “continues”, “expects”, “aims”, “intends”, “will”, “may”, “should”, “would”, “could”, “anticipates”, “estimates”, “projects” or words or terms of similar
substance or the negative thereof. Any forward-looking statements in this presentation are based on the current assumptions and beliefs of the Group in light of the information currently available to it as of the date hereof. Such forward-looking statements do not
represent any guarantee by any member of the Group or its management of future performance and involve known and unknown risks, uncertainties and other factors, including but not limited to: the success of the Group’s business model; the Group’s ability to
procure funding and the effect of its funding arrangements; key person risks relating to the management team of SBG; risks relating to and affecting the Group’s investment activities; risks relating to SB Fund (defined as below), its investments, investors andinvestees; risks relating to SoftBank Corp. and the success of its business; risks relating to law, regulation and regulatory regimes; risks relating to intellectual property; litigation; and other factors, any of which may cause the Group’s actual results, performance,
achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by such forward-looking statements. For more information on these and other factors which may affect theGroup’s results, performance, achievements, or financial position, see “Risk Factors” on SBG’s website at https://group.softbank/en/ir/investors/management_policy/risk_factor. None of the Group nor its management gives any assurances that the expectations
expressed in these forward-looking statements will turn out to be correct, and actual results, performance, achievements or financial position could materially differ from expectations. Persons viewing this presentation should not place undue reliance on forward
looking statements. The Company undertakes no obligation to update any of the forward-looking statements contained in this presentation or any other forward-looking statements the Company may make. Past performance is not an indicator of future results andthe results of the Group in this presentation may not be indicative of, and are not an estimate, forecast or projection of the Group’s future results.
The Company does not guarantee the accuracy or completeness of information in this presentation regarding companies (including, but not limited to, those in which SB Funds have invested) other than the Group which has been quoted from public and othersources.

Regarding Trademarks
Names of companies, products and services that appear in this presentation are trademarks or registered trademarks of their respective companies.

Important Notice – Trading of SBG Common Stock, Disclaimer Regarding Unsponsored American Depository Receipts
SBG encourages anyone interested in buying or selling its common stock to do so on the Tokyo Stock Exchange, which is where its common stock is listed and primarily trades. SBG’s disclosures are not intended to facilitate trades in, and should not be relied on
for decisions to trade, unsponsored American Depository Receipts (“ADRs”).
SBG has not and does not participate in, support, encourage, or otherwise consent to the creation of any unsponsored ADR programs or the issuance or trading of any ADRs issued thereunder in respect of its common stock. SBG does not represent to any ADR
holder, bank or depositary institution, nor should any such person or entity form the belief, that (i) SBG has any reporting obligations within the meaning of the U.S. Securities Exchange Act of 1934 (“Exchange Act”) or (ii) SBG’s website will contain on an ongoingbasis all information necessary for SBG to maintain an exemption from registering its common stock under the Exchange Act pursuant to Rule 12g3-2(b) thereunder.
To the maximum extent permitted by applicable law, SBG and the Group disclaim any responsibility or liability to ADR holders, banks, depositary institutions, or any other entities or individuals in connection with any unsponsored ADRs representing its common
stock.
The above disclaimers apply with equal force to the securities of any of the Group which are or may in the future be the subject of unsponsored ADR programs, such as SoftBank Corp. or LY Corporation.

Notice regarding Fund Information contained in this Presentation
This presentation is furnished to you for informational purposes and is not, and may not be relied on in any manner as, legal, tax, investment, accounting or other advice or as an offer to sell or a solicitation of an offer to buy limited partnership or comparable
limited liability equity interests in any fund managed by a subsidiary of SBG, including SB Global Advisers Limited (“SBGA”), SB Investment Advisers (UK) Limited (“SBIA”), and any of their respective affiliates thereof (collectively, the “SB Fund Managers” andeach an “SB Fund Manager”) (such funds together with, as the context may require, any parallel fund, feeder fund, co-investment vehicle or alternative investment vehicle collectively, the “SB Funds” and each an “SB Fund”). For the avoidance of doubt, the SB
Funds include, among other funds, SoftBank Vision Fund L.P. (together with, as the context may require, any parallel fund, feeder fund, co-investment vehicle or alternative investment vehicle, the “Vision Fund I”), which are managed by SBIA and its affiliates;
SoftBank Vision Fund II-2 L.P. (together with, as the context may require, any parallel fund, feeder fund, co-investment vehicle or alternative investment vehicle, the “Vision Fund II”), which are managed by SBGA and its affiliates; and SBLA Latin America Fund
LLC (together with, as the context may require, any parallel fund, feeder fund, co-investment vehicle or alternative investment vehicle, the “SoftBank Latin America Fund”), which are managed by SBGA and its affiliates.
None of the SB Funds (including the Vision Fund I, Vision Fund II and SoftBank Latin America Fund), the SB Fund Managers any successor or future fund managed by an SB Fund Manager, SBG or their respective affiliates makes any representation or
warranty, express or implied, as to the accuracy or completeness of the information contained herein and nothing contained herein should be relied upon as a promise or representation as to past or future performance of the SB Funds or any other entity
referenced in this presentation, or future performance of any successor or the future fund managed by an SB Fund Manager.
Information relating to the performance of the SB Funds or any other entity referenced in this presentation has been included for background purposes only and should not be considered an indication of the future performance of the relevant SB Fund, any otherentity referenced in this presentation or any future fund managed by an SB Fund Manager. References to any specific investments of an SB Fund, to the extent included therein, are presented to illustrate the relevant SB Fund Manager’s investment process andoperating philosophy only and should not be construed as a recommendation of any particular investment or security. The performance of individual investments of an SB Fund may vary and the performance of the selected transactions is not necessarily
indicative of the performance of all of the applicable prior investments. The specific investments identified and described in this presentation do not represent all of the investments made by the relevant SB Fund Manager, and no assumption should be made thatinvestments identified and discussed therein were or will be profitable.
The performance of an SB Fund in this presentation is based on unrealized valuations of portfolio investments. Valuations of unrealized investments are based on assumptions and factors (including, for example, as of the date of the valuation, average multiples
of comparable companies, and other considerations) that the relevant SB Fund Manager believes are reasonable under the circumstances relating to each particular investment. However, there can be no assurance that unrealized investments will be realized atthe valuations indicated in this presentation or used to calculate the returns contained therein, and transaction costs connected with such realizations remain unknown and, therefore, are not factored into such calculations. Estimates of unrealized value aresubject to numerous variables that change over time. The actual realized returns on the relevant SB Fund’s unrealized investments will depend on, among other factors, future operating results, the value of the assets and market conditions at the time ofdisposition, any related transaction costs and the timing and manner of sale, all of which may differ from the assumptions and circumstances on which the relevant SB Fund Manager’s valuations are based.
Past performance is not necessarily indicative of future results. The performance of an SB Fund or any future fund managed by an SB Fund Manager may be materially lower than the performance information presented in this presentation. There can be noassurance that each SB Fund or any future fund managed by the relevant SB Fund Manager will achieve comparable results as those presented therein.
Third-party logos and vendor information included in this presentation are provided for illustrative purposes only. Inclusion of such logos does not imply affiliation with or endorsement by such firms or businesses. There is no guarantee that an SB Fund Manager,an SB Fund’s portfolio companies, any future portfolio companies of a future fund managed by an SB Fund Manager or SBG will work with any of the firms or businesses whose logos are included in this presentation in the future.
SBGA and SBIA manage separate and independent operations and processes from each other and those of SBG in the management of Vision Fund I, Vision Fund II and SoftBank Latin America Fund, respectively. Any SB Funds managed by SBGA or SBIA are
solely managed by SBGA or SBIA respectively.

Exchange rates per JPY used for translation
Average during quarter
1 USD
EOQ

Q1
138.11
Jun 30

1 USD

FY2023Q2
145.44
Sep 30Q3
147.00Dec 31Q4
147.87
Mar 31Q1
156.53Jun 30151.41161.07Q2
Sep 30

FY2024Q3

Q4

Dec 31Mar 31Abbreviations
Abbreviations used in Accounting section of this presentation are as follows.
In some cases, "Ltd.“ and "Corporation" etc. are omitted from the company name.
Abbreviations

SBG
The Company
SBKK
SB Northstar
SVF1 or SoftBank Vision Fund 1
SVF2 or SoftBank Vision Fund 2
LatAm Funds or Latin America Funds
SVF
SBIA
SBGA
Arm
T-Mobile or TMo
Deutsche Telekom or DT
Alibaba

Definition (Each of the following abbreviations indicates the respective company and its subsidiaries, if any)
SoftBank Group Corp. (stand-alone basis)
SoftBank Group Corp. and its subsidiaries
SoftBank Corp.
SB Northstar LP
SoftBank Vision Fund L.P. and its alternative investment vehicles
SoftBank Vision Fund II-2 L.P.
SBLA Latin America Fund LLC
SVF1, SVF2 and LatAm Funds
SB Investment Advisers (UK) Limited
SB Global Advisers Limited
Arm Holdings plc
T-Mobile US, Inc. after merging with Sprint
Deutsche Telekom AG
Alibaba Group Holding Limited

Other
Some figures in the report are rounded and may not add up to the figures presented as the total.

AccountingConsolidated Results(¥ B)

FY23Q1FY24Q1

ChangeChange %Net sales

1,557.5

1,701.7+144.2+9.3%

Income before
income tax-176.2225.7+401.9ー-477.6-174.3+303.3ーGain/loss on
investments-699.0559.7+1,258.7ー

Investment Business of
Holding Companies-689.7567.9+1,257.6

ー

-13.0

32.4

+45.4

ー

3.8

-40.6

-44.4

ー

Net income(attributable to owners of theparent)(Reference)

SoftBank Vision Funds(Excludes investment gain/loss
in subsidiaries)

Other investments

As subsidiaries including Arm and SBKK are consolidated, their share price changes don't impact consolidated P/L.
Accounting 2

Net Income & SVF Segment Income

3,033.6
950.0
422.7
Net income-57.6

SVF segment income(income before income tax)

-660.1-1,019.9• Includes investment gain/loss in subsidiaries• After considering third-party interests-297.5-783.461.0-477.6-258.9

(¥ B)

231.1

-174.3-96.7-204.3

Q4

Q1
FY24

-931.1-2,330.8-3,162.7
Q1
FY22

Q2

Q3

Q4

Q1
FY23

Q2

Q3

As subsidiaries including Arm and SBKK are consolidated, their share price changes don't impact consolidated P/L.
Accounting 3

Investment Business of Holding Companies Segment(¥ B)

P/L item
Gain/loss on investments at Investment
Business of Holding Companies
Realized gain/loss at asset management subsidiaries
Unrealized gain/loss on valuation at asset
management subsidiaries
Realized gain/loss

Unrealized gain/loss on valuationFY23Q1 FY24Q1-689.7

567.9

-0.1

0.2

0.9

-1.0

17.7

32.7 ・¥45.0B realized loss due to the physical settlement of the prepaid forward-620.4

Change in valuation for the fiscal year
Reclassified to realized gain/loss recordedin the past fiscal years
Derivative gain/loss
Effect of foreign exchange translation
Other
Selling, general and administrative expenses-620.3Finance cost

-97.3

Foreign exchange gain/loss
Derivative gain/loss (excl. gain/loss on investments)
Other gain/loss
Segment income (income before income tax)

FY24Q1 main items

・¥78.3B realized gain due to the sale of 6.7M TMo shares (see p5-6)

contracts using Alibaba shares・¥205.7B gain on Alibaba shares that continued to be held at FY24Q1-end(due to the weaker yen)
531.1
・¥173.2B gain on TMo shares that continued to be held at FY24Q1-end(due to share price increase)

502.6

-0.0

28.5

-97.0
―
9.2
-19.6

-12.0 ¥17.8B derivative loss due to the sale of 6.7M TMo shares (see p5-6)
-11.1
28.0
-37.2

-466.1848.8
29.4-394.5

・¥106.8B interest expenses at SBG and 100% subs for fund procurement-136.1 ・¥28.6B amortized cost related to the consideration payable for the acquisitionof Arm shares from SVF1 in Aug 2023 (eliminated in consolidation)-442.6 Impact of the weaker yen (see p19-20)

58.8
27.1
38.0

Accounting 4

T-Mobile: Shareholding & Fair Values$160.33

Share price$138.90$163.22$176.18$140.05

Events in FY24Q1
Number of 43.3
shares held

43.3

92.1

92.1

+48.8

(M)

①

85.4

①

670

-6.7

Fair value

5,481

7,957

1,365

③Settled prepaid forward contracts
using 20.0M TMo shares by cash*1(Settled the remaining portion by cashon Jul 1)

1,162

5,666

1,171

15,039Fair value of the contingent consideration

4,499

4,541

-78

-54

Jun 30
2023

②
1,342

②DT’s call option for the remaining
28.2M TMo shares has expired
Recorded ¥173.2B valuation gain on
85.4M shares held as of Jun 30, 2024
due to a higher share price

($ M)

7,816

①Sold 6.7M TMo shares for $670M
following DT’s partial exercise of call
options

Sep 30

5,139

-249

Dec 31(i) TMo shares not subject to call options

5,241

-186

Mar 31
2024(ii) TMo shares subject to call options*2③ -99

Jun 30(iii) TMo shares received upon satisfaction of
the condition, not subject to call options(iv) Derivative financial liabilities related to prepaid
forward (collar) contracts using TMo shares*1 Unsettled prepaid forward contracts worth ¥87,010M ($540M) as of Jun 30, 2024 are recorded under “Current portion of financial liabilities relating to sale of shares by prepaid
forward contracts” in consolidated B/S for FY2024Q1. SBG settled all the unsettled portion by cash on Jul 1, 2024.
*2 After deducting the fair value of derivative financial liabilities on unexercised call options previously held by DT

Accounting 5

Transactions Related to T-Mobile Shares in FY24Q1
As of FY23Q4

Transactions in Q1

As of FY24Q1

Impact on Consolidated
Financial Statements ($ M)(1) Sold 6.7M TMo
85.4M TMo sharesshares following DT’s
heldpartial exercise ofcall options at$99.51 per share

 P/L• Realized gain: +500
• Valuation loss (Reclassified to realized gain recorded in thepast fiscal years): -390
• Derivative loss: -113
 B/S (Changes from FY23Q4)• Cash and cash equivalents: +670
• Investment securities: -1,098• Derivative financial liabilities: -425
 C/F
• Proceeds from sales of investments: +670

Including 35.0M
shares subject toDT’s call options(2) Call options forthe remaining 28.2M
shares expired

 P/L• Derivative gain: +42
 B/S (Changes from FY23Q4)• Derivative financial liabilities: -42

24.8M TMoshares used for
prepaid forward
contracts(3) Settled prepaid
forward contracts
using 20.0M TMoshares by cash

92.1M TMoshares held

DT’s call options all
expired(3) Deposit paid
for cashsettlement of
4.8M TMo sharesused for prepaid
forward contracts(settled on Jul 1)

 P/L• Derivative loss (excluding gain/loss on investments): -212
 B/S (Changes from FY23Q4)• Cash and cash equivalents: -3,503• Other current asset (deposit for Jul settlement): +883
• Financial liabilities relating to sale of shares by prepaid
forward contracts: -2,314• Derivative financial liabilities: -87
 C/F• Payments for settlement of financial liabilities relating to saleof shares by prepaid forward contracts: -2,321• Other financing cash flows (settlement of derivative financial
liabilities): -299
• Other financing cash flows (deposit for Jul settlement): -883
Accounting 6

Deutsche Telekom: Shareholding & Fair Values
Acquired 225M Deutsche
Telekom shares in Sep 2021
 in return for the sale of TMo shares€21.75

Share price
Number ofshares held

€19.98€19.87

225.0

225.0

€23.48€22.50

225.0

225.0

5,407

5,469

225.0

(M)

Fair value ($ M)

+184

5,653

4,904

4,732

-172

-149

-277

-310

-334

Jun 302023

Sep 30Dec 31Mar 31
2024

Jun 302024(i) DT shares(ii) Derivative financial liabilities
related to collar transactions using
DT shares** 225M shares

Accounting 7

Alibaba Shares & Derivative Financial Assets/Liabilities(Amount Recorded in B/S)
Value of Alibaba shares
recorded in B/S
considering prepaid
forward contracts:$28,463M ( A + B )Of valuation loss onshares ( C ), the loss
related to shares used for
prepaid forward contracts
was almost offset by
valuation gain onderivatives ( D ).

Investment securities (FVTPL)
Alibaba share price$72.36$72.00A$24,814M(¥3,757.1B)

Derivative financial
assets/liabilities (net)$72.36$72.00

Total$28,463M$23,106M*

C(¥3,721.7B)

Physical Valuation
settlement
loss

B

Alibaba shares(used for prepaid forward
contracts)
Alibaba shares$5,648M

PhysicalD$5,357M(¥855.1B) settlement Valuation (¥862.9B)
gain

Derivative financial
assets/liabilities (net)

FY23Q4FY24Q1FY23Q4FY24Q1* In July 2024, certain prepaid forward contracts using Alibaba shares matured and settled with the shares. The shares worth $1,152M (¥185.6B) used for the physical settlement werereclassified to “Assets classified as held for sale” as of Jun 30, 2024 and the amount reclassified is included and presented.

Accounting 8

SoftBank Vision Funds Segment
(¥ B)

P/L
Gain/loss on investments at SoftBank Vision Funds

FY23Q1 FY24Q1

FY24Q1 ｍain items
Includes gains and losses associated with investments in the
Company’s subsidiaries

159.8

1.9

134.7

15.9 ¥442.5B gain at SVF1, ¥413.6B loss at SVF2

Realized gain/loss on investments*-68.2-1,259.0 ¥691.7B loss at SVF1, ¥564.0B loss at SVF2

Unrealized gain/loss on valuation of investments*

212.2

1,025.8

Gain/loss on investments at SVF1, SVF2, and LatAm
Funds

Change in valuation for the fiscal year

120.9

Reclassified to realized gain/loss recordedin the past fiscal years

91.4

1,048.5

Interest and dividend income from investments

1.5

5.6

Derivative gain/loss on investments

2.5

1.8

Effect of foreign exchange translation

-13.3

241.8

25.1

-14.0

Selling, general and administrative expenses

-18.3

-19.2

Finance cost

-23.6

-10.5

-58.1

¥442.5B investment gain recorded at SVF1, where theproportion of third-party interests is significant, resulting in-205.3an increase in third-party interests of ¥175.6B (attributable
to investors entitled to performance-based distribution)

Gain/loss on other investments

Change in third-party interests in SVF
Other gain/loss
Segment income (income before income tax)
* Net amount-22.7 ¥402.2B gain at SVF1, ¥412.2B loss at SVF2

1.3

28.8

61.0

-204.3¥544.1B gain (reversal of unrealized loss) at SVF1,¥501.4B gain (reversal of unrealized loss) at SVF2

The amount arose from the FX differences used totranslate unrealized and realized gains and losses

Accounting 9

(Reference) Investment Performance of SVF1 and SVF2($ B)

FY24*1Since Inception
Returns*2

Gain/loss

Gain/loss
Q1

89.5

109.1

19.6

2.8

Exited investments

43.2

64.8

21.6

-4.4

Investments before exit

46.3

41.8

-4.5

2.6

Reversal of previously-recorded valuation gain/loss for exited investments in FY24

4.6

Derivatives/Interests/Dividends

Cost*2

SVF1

-0.0

2.5

2.5

0.0

53.0

31.1

-21.9

-2.6

Exited investments

6.7

3.4

-3.3

-3.6

Investments before exit

46.3

27.8

-18.5

-2.6

Reversal of previously-recorded valuation gain/loss for exited investments in FY24

3.6

Derivatives/Interests/Dividends

-0.0

SVF2

-0.0

-0.1

-0.1

*1 The amount of gains and losses for exited investments in FY24 represents the exit price, net of the investment cost of such investments. Unrealized valuation gains and losses ofsuch investments recorded in prior years are presented as a reversal of previously-recorded valuation gain/loss for exited investments in FY24.
*2 For derivatives, the investment cost represents the cost of the derivatives. Investment returns represent the exit price for exited investments, the fair value for investments before
exits, the settlement amount of settled contracts or the fair value of open contracts for derivatives, and the respective amounts received for interest or dividends.

Accounting 10

WeWork Emergence from Chapter 11 of the U.S. Bankruptcy Code
WeWork filed for protection under Chapter 11 of the U.S. Bankruptcy Code in Nov 2023
→ Emerged from Chapter 11 in Jun 2024
 Received 12.2% of new WeWork stocks; WeWork ceased to be an associate of the Company
 Recovered part of cash Reassessed the recoverability of loans to WeWork
Status of investment and financial support for WeWork (cumulative)
Cumulative loss
as of Mar 2024
(SBG consolidated
basis)

Carrying
amountas of Mar 2024

Stocks and warrants-12,364―

New WeWork
Stock

23

Notes

-1,531

―

Cash

40

-461

―

Loans

84

-14,356―

Credit support (fulfilledguarantee in FY23Q3)

Total

①

($ M)

Cumulative loss
Amountreceived upon as of Jun 2024
(SBG consolidated
emergencebasis)

147-14,209②①+②

Accounting 11

Arm Segment in SBG’s Consolidated Financial Report
Bridge to Arm’s disclosure (FY24Q1 P/L)
Adjustment (1)SBG Consolidated
Financial Report
Arm segment(IFRSs)Amortization expenses
related to intangible
assets recognized in thepurchase priceallocation at the timeof acquisition of Arm by
SBG

Adjustment (2)Difference inaccounting
standard

Arm
disclosure(IFRSs vs US GAAP)(US GAAP)

¥M

$M

$M

$M

$M

147,003

939

-

-

939

Total revenue

-33

-

0

-33

Cost of sales

Operating Expenses

-861

113

24 A

-724

Operating expenses

Other Income/loss

20

-

42 B

62

Other income/loss

65

113

Net sales
Cost of sales

Segment income(income before
income tax)

AB

10,16066

244

Income (loss) before
income taxes

Main variance factor: Difference in accounting treatment of share-based compensation
Main variance factor: Difference in accounting treatment of investment securities
Note:• The components of segment income, excluding net sales, in the above table are presented solely for the purpose of the reconciliation.

Accounting 12

Consolidated P/L Summary(¥ B)
P/L item
Net sales

FY23Q1FY24Q1

Change1,557.5

1,701.7+144.2

832.1

920.6

+88.5

Gross profit
Gain/loss on investments
Investment Business of Holding
Companies
SoftBank Vision Funds
Other investments
Total gain on investments
Selling, general and administrative
expensesFinance cost
Foreign exchange gain/loss-689.7 1567.9+1,257.6-13.0 23.8 3-699.0

32.4
-40.6
559.7

+45.4
-44.4
+1,258.7-648.1 4-719.7-71.6

Derivative gain/loss (excl. gain/loss on
investments)-139.6 ５ -137.6-464.6 ６ -443.9

+2.0
+20.7

849.6 ７60.5

-789.1-58.1-205.3151.5 ８ 191.3-176.2225.7-140.0 9 -215.2-316.2
10.5-147.2+39.8+401.9-75.2+326.7

Change in third-party interests in SVF
Other gain/loss
Income before income tax
Income taxes
Net income
Net income attributable to non-controllinginterests
Net income attributable to owners of
the parent

161.4

184.7

+23.3

-477.6-174.3+303.3

1 ・¥235.7B investment gain on Alibaba shares・¥179.1B investment gain on TMo shares (including derivative gains andlosses on investments and effects of foreign exchange translation)
2 SVF1: ¥417.1B gain, SVF2: ¥357.7B loss, LatAm: ¥13.0B loss, Other
investments: ¥14.0B loss
3 Includes valuation loss on Symbotic shares held by a wholly owned
subsidiary of SBG, primarily resulting from a decrease in the share price4 ・SBKK segment: ¥504.9B expenses
・Arm segment: ¥135.0B expenses
5 ¥106.8B interest expenses at SBG and wholly owned subsidiaries
conducting fund procurement
6 Impact of the weaker yen (see p19-20)
cf. increase in exchange differences from the translation in B/S: ¥1,119.7B
7 ¥40.4B gain on Alibaba prepaid forward contracts
８ ¥93.1B gain relating to loss of control over Fortress9 ・Income taxes recorded at SBKK, Arm, LY and other operating companies
・Deferred tax expenses recorded due to increased value of Alibaba sharesand other holding assets

As subsidiaries including Arm and SBKK are consolidated, their share price changes don't impact consolidated P/L.
Accounting 13

Consolidated B/S Summary – 1(¥ B)

Non-current assets

Current assets

B/S
item

Main items

Mar 2024 Jun 2024
11,441.4

Change11,359.0-82.4

5,498.9-687.9Cash and cash equivalents

6,186.9 1

Derivative financial assets

852.4

1,031.1 2+178.8Other financial assets

778.0

1,011.6 3+233.6

Other current assets

551.0

712.8

+161.8Assets classified as held for sale

42.6

188.2

+145.735,282.9

36,475.2+1,192.4

Property, plant and equipment

1,895.3

1,964.0+68.7

Goodwill

5,709.9

5,940.6 4+230.7

Intangible assets

2,448.8

2,427.1

-21.7

839.2

700.8

-138.4

11,014.5

11,747.9 5+733.4

SVF1

6,042.0

6,742.9+700.8SVF2

4,096.9

4,084.9-12.0

LatAm Funds

875.6

920.2

+44.6

Investment securities

9,062.0

9,378.7 6+316.7

385.5

268.5

-117.02,424.3

2,483.3+59.0

46,724.2

47,834.2+1,109.9

Investments accounted forusing the equity method
Investments from SVF (FVTPL)

Derivative financial assets
Other financial assets

Total assets

1 Investment Business of Holding Companies segment (including SBG andwholly owned subsidiaries conducting fund procurement, etc.): ¥3,088.6B(¥270.9B decrease)2 ¥100.7B increase for Alibaba prepaid forward contracts, due to theweaker yen and the reclassification of those contracts due for settlement
within one year as current assets, despite the physical settlement of a portionof the contracts
3 ¥141.6B increase in investments from asset management subsidiary(mainly due to acquisitions of corporate bonds)
4 ¥228.7B increase at Arm due to the weaker yen
5 Increased mainly due to a 6.4% yen depreciation in FX rate used fortranslations in FY24Q1
・SVF1 $0.61B sold, $2.57B fair value increase
・SVF2 $0.61B acquired, $0.03B sold, $2.28B fair value decrease
・LatAm Funds $0.02B acquired, $3M sold, $0.08B fair value decrease
6 See p15

Accounting 14

Investment Securities in Consolidated B/S (Main Investments)(¥ B)

Mar 2024

Jun 2024

9,062.0

9,378.7+316.78,321.5

8,495.0+173.5

Alibaba

3,757.1$24,814M

3,536.2$21,954M

T-Mobile

2,275.8$15,031M

2,422.3$15,039M+146.5 selling 6.7M TMo shares following DT's partial exercise of+$8M call options

828.0$5,469M
183.4

910.5
$5,653M
152.4+82.4 Increased due to the weaker yen against USD and higher+$184M share price-31.0 Decreased due to lower share price

143.8

209.2

197.7

191.3

-6.3

935.7

1,073.1+137.4

202.8

203.2

732.8

869.9

+137.1 Wayve, MapBox, Boston Dynamics, Telexistence, etc.

740.5

883.7

+143.2 PayPay Bank increased due to additional investments madeInvestment securities
FVTPL

Deutsche Telekom
Symbotic*
NVIDIA
Holdings by SBKK group
OthersPublic (12 investments)
Private (~240 investments)
FVTOCI and others

ChangeOutline-220.9 Decreased mainly due to the physical settlement of a-$2,860M portion of Alibaba prepaid forward contracts
Increased mainly due to higher share price, despite SBG+65.4 Increased due to higher share price+0.3 Eutelsat, Lemonade, Tempus AI, etc.
Carrying amount of asset management products held byduring FY24Q1

Note: Includes the increase in carrying amount of investments due to a 6.4% depreciation of the yen against USD in the foreign currency exchange rate used for translations in FY24Q1* Excludes Symbotic shares held by SVF2 and SB Northstar

Accounting 15

Breakdown of Goodwill/Intangible Assets
(¥ B)
B/S
Item

Main intangible assets

Goodwill*

Main items

Mar 2024

Jun 2024

ChangeAmortization

Changes in
FX rateOthersOutline5,709.9

5,940.6

Arm3,585.0

3,813.8―+228.7

―

SBKK

913.9

913.9

―

―

―

LY

478.3

478.3

―

―

―

ZOZO

214.0

214.0

―

―

―

Technologies

359.0

364.2

Main
b/d

338.3

346.1

-13.5

+21.2

―

Amortized at straight-line method for 8-20 years

592.3

586.0

ZOZO

264.6

261.4

-3.3

―

―

Amortized at straight-line method for 18-25 years

LY

190.8

187.4

-3.3

―

―

Amortized at straight-line method for 12-18 years

Arm

84.3

85.5

-4.0

+5.3

―

Amortized at straight-line method for 13 years

553.0

550.9

Arm

Customer
relationships

Main
b/d

Trademarks

Mainly ZOZOTOWN, Yahoo! (trademark in Japan),and LINE* Other than Arm, these are the amounts of goodwill recognized at the date of acquisition by SBG. They do not include goodwill recognized as a result of M&A executed by the relevant subsidiaries
after their acquisition dates. The goodwill of Arm represents the amount reallocated to the Arm segment, as a result of the organizational change in FY20.

Accounting 16

Consolidated B/S Summary – 2
(¥ B)
B/S
item

Main items

Mar 2024

Jun 2024

14,020.3

14,409.8+389.59,141.3+870.2

149.8

161.3

+11.5

Deposits for banking business

1,643.2

1,690.3+47.2

Trade and other payables

2,710.5

2,575.3-135.2Derivative financial liabilities

195.1

98.1

Other financial liabilities

31.8

2.8

-29.0

Income taxes payable

163.2

111.5

-51.7

Other current liabilities

801.3

590.8

-210.5

19,466.8

19,221.4-245.4

12,296.4

1 11,579.9-716.5

644.7

717.4

+72.7

Third-party interests in SVF

4,694.5

5,049.0

Derivative financial liabilities

41.2

51.1

+9.9

Other financial liabilities

57.0

40.6

-16.4

1,253.0

1,387.8+134.7

312.0

269.8

-42.2

33,487.1

33,631.1+144.1

Current liabilities

Interest-bearing debt

Non-current liabilities

ChangeLease liabilities

Interest-bearing debt
Lease liabilities

Deferred tax liabilities
Other non-current liabilities
Total liabilities

8,271.1

1

2

3

-96.9

+354.5

1 SBG
Borrowings*: ¥465.6B (¥2.7B increase)
Corporate bonds*: ¥6,457.9B (¥310.3B increase)
Wholly owned subsidiaries conducting fund procurement
Borrowings*: ¥2,381.1B (¥110.5B increase)
Financial liabilities relating to sale of shares by prepaid forward contracts*:¥4,785.9B (¥386.6B decrease)
SVF
Borrowings*: ¥582.9B (¥35.0B increase)*Total of current and non-current. See p31-32 of FY24Q1 SBG Consolidated Financial Reportfor details.

2 ・¥70.7B decrease due to the sale of 6.7M TMo shares following DT's partial
exercise of call options and the expiration of the remaining call options
・¥20.8B decrease due to prepaid-forward contracts using TMo shares(see p5-6)
3 Increase in book value due to impact of the weaker yen

Accounting 17

Consolidated B/S Summary – 3
(¥ B)
B/S
Item

Mar
2024

Jun
2024

13,237.2

14,203.0+965.9Common stock

238.8

238.8

―

Capital surplus

3,326.1

3,362.7

+36.6

193.2

193.2

―

1,633.0

1,425.2 1-207.8

-22.7

-22.5

+0.3

Main items

EquityOther equity instruments
Retained earnings
Treasury stock

ChangeAccumulated othercomprehensive income

5,793.8

6,919.8 2 +1,126.0

Total equity attributable toowners of the parent

11,162.1

12,117.2+955.1

Non-controlling interests

2,075.0

2,085.8+10.8

Ratio of equity attributable toowners of the parent (equity
ratio)

23.9%

25.3%

+1.4%

1 ¥174.3B net loss attributable to owners of the parent
2 ¥1,119.7B increase in exchange differences from the translationof foreign operations due to the weaker yen(increase in exchange differences arising from translating
foreign subsidiaries and associates into yen mainly due to theweaker yen against USD. See also p19-20)
Cf. ¥443.9B foreign exchange loss was recorded inconsolidated P/L for FY24Q1 (see p13)

Accounting 18

Impact of the Weaker Yen on P/L & B/S (Illustration)
Entities

SBG stand-alone +Subsidiaries conducting
fund procurementin JapanComponents
Foreign currencydenominatedcash and cash
equivalents/
Loans receivable(excl. investments)

P/L
Foreign exchange
gain (loss)

B/S
Exchange differencesfrom translation

Foreign exchange gain
(See page 20)

Foreign currencydenominated liabilities(borrowings/bonds)

Foreign exchange loss
(See page 20)

Foreign subsidiaries andassociates whosefunctional currency
is not yen(e.g., SVF1/2, LatAm Funds, Arm)Net assets(positive)
Change in fair values

Exchange differences fromtranslation (See page 18)
Accounting 19

Impact of the Weaker Yen in FY24Q1 (from ¥151.41/$ to ¥161.07/$)
Foreign exchange loss in consolidated P/L for FY24Q1: ¥443.9B

At SBG stand-alone: Foreign exchange losses of ¥471.6B related to foreign currency-denominated borrowings from Group
companies and ¥30.1 related to foreign currency-denominated bonds excl. USD-denominated perpetual hybrid bonds

SBG stand-alone balance

Mar 31, 2024

Jun 30, 2024

$51.2Ｂ$52.1Ｂ$13.8Ｂ$10.7Ｂ$37.4B$41.4B$=¥151.41

Foreign currency-denominated debts(borrowings/bonds)
incl. intra-Group borrowings

Foreign currency-denominatedcash and cash equivalents/
loans receivable, etc. excl. investments$=¥161.07

Incl. $9.9B cash and cash equivalents, Incl. $6.3B cash and cash equivalents,$3.9B loans receivable$3.9B loans receivable

Net (liabilities)

Exchange differences from translation in consolidated B/S on Jun 30, 2024: ¥6,914.2B
up ¥1,119.7B from Mar 31, 2024 mainly related to investments in subsidiaries’ shares and associates

Exchange differences fromtranslation in consolidated B/S

Mar 31, 2024

Jun 30, 2024$=¥161.07

ChangeSVF1/2 and LatAm Funds$58.6B¥8,872.3B$57.7B¥9,291.0B-$0.9B(A)+¥418.7B(B)+¥561.9B

SBGC*2$18.3B¥2,763.5B$24.4B
¥3,937.4B+$6.1B(A)+¥1,173.9B(B)+¥204.4B

Arm$29.5B¥4,460.4B$29.8B
¥4,792.7B+$0.3B(A)+¥332.4B(B)+¥285.9B

Net assets of subsidiaries
net of third-party interests & carrying
amount of Arm sharesnet of carrying amount of Arm shares$=¥151.41*1 Considering intercompany transactions on consolidation*2 SoftBank Group Capital Limited((B) - (A) x
average rate for FY24Q1 ¥156.53/$ )*1

Accounting 20

Consolidated C/F Summary
(¥ B)
C/F
item
C/F from
operatingactivities

C/F from
investingactivities

FY23Q1FY24Q1Primary details for FY24Q1+109.2 Subtotal of cash flows from operating activities-172.6 1-43.0-149.8 Income taxes paid
+43.4 Income taxes refunded-307.8-330.32-358.3 Payments for acquisition of investments

3+179.9 Proceeds from sales/redemption of investments-93.4 Payments for acquisition of investments by SVF+112.2 Proceeds from sales of investments by SVF-199.7 Purchase of PP&E and intangible assets

４ +1,252.9 Proceeds from interest-bearing debt
C/F from
financing
activities

５ -1,211.4 Repayment of interest-bearing debt
+529.6-543.8Distribution/repayment from SVF to third-party-151.8 investors-31.6 Cash dividends paid
-143.7 Cash dividends paid to non-controlling interests

FY23Q1 FY24Q1
Effect of FX rate changes on+341.8+229.2
cash and cash equivalents, etc.
Increase/decrease in cash and+391.0-687.9cash equivalents
Opening balance+6,925.2 +6,186.9
Closing balance+7,316.1 +5,498.9

1 ¥43.0B net outflow, due to outlays for ¥149.8B income taxes and theacquisition of corporate bonds by SB Northstar

2 ・Outlays of ¥193.2B at SBG and wholly owned subsidiaries (mainly strategic
investments)
・PayPay Bank acquired ¥101.2B bonds and other asset management
Products

3 Sold 6.7M TMo shares following DT’s partial exercise of call options
4 SBG

・Made ¥121.7B short-term borrowings
・Issued domestic straight bonds totaling ¥650.0B
SBKK
・Procured ¥289.0B mainly through the securitization of installment salesreceivable and sale-and-leaseback transactions
・Issued domestic straight bonds totaling ¥80.0B

５ SBG

・Repaid ¥119.2B short-term borrowings
・Redemption of bonds, etc. totaling ¥452.2B
Wholly owned subsidiaries conducting fund procurement
・Paid ¥363.3B to settle the financial liabilities relating to sale of shares by
prepaid forward contracts for cash settlement of a portion of the prepaidforward contracts using TMo shares (¥46.8B paid to settle the derivative
financial liabilities related to those contracts are included in Other financing
cash flows)
SBKK
・Repaid ¥183.5B borrowings made mainly through the securitization of
installment sales receivable and sale-and-leaseback transactions

Accounting 21

Income Taxes Paid on a Consolidated Basis (Net)
(¥ B)

FY19

FY20

FY21

FY22

FY23

757.4

324.5

589.3

525.9

816.8 3,013.9

696.3

189.5

551.2

469.7

717.0

2,623.7

92.7

SBG andintermediateholding companies(wholly owned
subsidiaries)

445.8

-85.3

200.0

214.2

443.3

1,218.0

13.8

Operatingcompanies (mainly
SBKK and LY)

250.5

274.8

351.2

255.5

273.7

1,405.7

78.9

61.1

135.0

38.1

56.2

99.8

390.2

13.7

ConsolidatedJapan

Overseas

Total

FY24
Q1

106.4

Notes:
・The amounts represent the net total of tax payments and tax refunds.
・Income taxes paid on a consolidated basis matches the net amount of “income taxes paid” and “income taxes refunded” in the consolidated statement of cash flows.
・Income taxes paid by SBG and intermediate holding companies in Japan for FY20 was negative due to the refund of ¥143.0 billion in withholding income tax paid in FY19.
・SBG and intermediate holding companies in Japan have paid JPY 443.3 billion in income taxes for FY23, including an interim payment of JPY 118 billion, of which ¥76.3B
has been refunded by Jul 31, 2024.

Accounting 22

Co-investment Program to SVF2: Related Party Transactions
Masayoshi
Son*

SBG

1

Equity interests of third-party interests
FY24Q1: $―FY23: $―

(¥―)
(¥―)

Equity interests: 17.25%

100%

(B)
Distribution: $173M(Return of capital)

Equity interests: 82.75%
Preferred Equity

SVF2

Listedinvestments
as of
Jun 23, 2021*2(A)
Equity acquisition amount: $2,923M(i) Acquisition costs: $2,594M (committed capital: $2.6B)(ii) Adjustments etc.: $329M+
Premium receivable: $236M (FY23-end: $215M)

SVF2 LLC

Private investments*3
as of Jun 23, 2021*2+
New investmentson or after Jun 24, 2021

Balance of the receivables ((A) – (B))
FY24Q1: $2,986M (¥480.9B)
FY23: $2,965M (¥448.9B)

Notes:For details of the related party transaction, see p73-74 of FY24Q1 SBG Consolidated Financial Report.
*1 Participation by management other than Masayoshi Son has not been determined as of the date of this presentation, but is expected in the future.
*2 Jun 23, 2021 is the date on which the Co-investment Program was conditionally approved by the Board of Directors of SBG.
*3 Excludes portfolios that were listed or announced to be listed as of Jun 23, 2021, and portfolios that were approved by the Board of Directors of SBG to be excluded from the Co-investment Program.

Accounting 23

Co-investment Program to LatAm Funds &Management’s Investment in Asset Management Subsidiary
Equity interests of third-party investorsFY24Q1: $59M ( ¥9.5B)
FY23: $93M (¥14.1B)

Masayoshi
Son

SBG

(B)
Distribution: $2M

Equity interests: 17.25%(Return of capital)

Equity interests: 82.75%
Preferred Equity(A)
Equity acquisition amount:
$649M

+

Management’s investment inasset management subsidiary

Loans entrusted

Co-investment program to LatAm Funds

Masayoshi
Son

SBG
66.7%

33.3%

Delawaresubsidiaries

Premium receivable: $53M
100%

LatAm

SLA LLC
Balance of the receivables ((A) – (B))
FY24Q1: $700M (¥112.8B)
FY23: $696M (¥105.3B)*For details, see p75-76 of FY24Q1 SBG Consolidated Financial Report.

SB Northstar

Non-controlling interests inequity (Son’s interests）
FY24Q1: -¥226.9B
FY23: -¥247.0B*For details, see p13 of FY24Q1 SBG Consolidated Financial Report.
Non-controlling interests (Son’s interests), including interest and others on loans,amounted to -¥393.1B as of Jun 30, 2024.

Accounting 24