Index
Consolidated Results Summary
Results by Segment
Domestic Telecommunications Segment - 1 (Results)
Domestic Telecommunications Segment - 2 (KPIs)
Domestic Telecommunications Segment - 3 (Definitions and Calculation Methods of KPIs)
Sprint Segment - 1 (Results)
Sprint Segment - 2 (KPIs)
Sprint Segment - 3 (Definitions and Calculation Methods of KPIs)
Yahoo Japan Segment and Distribution Segment
Arm Segment - 1 (Results)
Arm Segment - 2 (KPIs)
Arm Segment - 3 (Definitions of KPIs)
SoftBank Vision Fund and Delta Fund Segment
Finance Cost and Other Non-operating Income (Loss)
Consolidated B/S Assets
Consolidated B/S Liabilities and Equity
Sprint U.S. GAAP Bridge to SoftBank Group IFRSs - 1
Sprint U.S. GAAP Bridge to SoftBank Group IFRSs - 2
Financial Indicators
Reference - 1
Reference - 2< Exchange rates used for translation >-1-2-3-4-5-6-7-8-9-10-11-12-13-14-15-16-17-18-19-20-22-(JPY)
FY2016FY2017

Average during quarter

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

1 USD

109.07102.91108.72113.76111.61111.38112.74108.85

1 GBP*

135.46135.56141.33142.92

146.20150.77151.01

1 EUR

122.47114.59117.70120.81

123.14130.45133.09132.96

EOQ

Jun. 30

Sept. 30

Dec. 31Mar. 31

Jun. 30

Sept. 30

Dec. 31Mar. 31

1 USD

112.191 GBP

140.08106.24148.84

1 EUR

119.79130.52*Monthly average rate of September 2016 (1 GBP = 132.95 JPY) is used for translation of Arm results in FY16Q2< Definition of company names and abbreviations used in the Data Sheet >Company names / Abbreviation

Definition

SoftBank Group Corp. or SBG

SoftBank Group Corp. (stand-alone basis)

The Company

SoftBank Group Corp. and its subsidiaries

Each of the following abbreviations indicates the respective company, and its subsidiaries if any.
SprintSprint Corporation

Brightstar

Brightstar Global Group Inc.

Arm

Arm Limited

SoftBank Vision Fund

SoftBank Vision Fund L.P.
SoftBank Vision Fund (AIV M1) L.P.
SoftBank Vision Fund (AIV M2) L.P.

This data sheet is prepared based on the consolidated IFRS financial results.

SoftBank Vision Fund (AIV S1) L.P.
Delta FundSB Delta Fund (Jersey) L.P.

Fortress

Fortress Investment Group LLC

Alibaba

Alibaba Group Holding Limited

FY2016

Fiscal year ended March 31, 2017

FY2017

Fiscal year ended March 31, 2018

About the SoftBank Vision Fund and Delta Fund segment
The Company established the SoftBank Vision Fund and Delta Fund segment as a new reportable segment during the three months ended June 30, 2017 upon the first major closing of SoftBank Vision Fund on May 20, 2017.
About the Consolidation of Fortress
The Company acquired Fortress on December 27, 2017 for $3,121 million (¥353,966 million), making it a subsidiary. The results of operations of Fortress have been reflected since December 28, 2017 in “Other” in the Company’s segments.
About the Reorganization of Arm Holdings plc and its subsidiaries
In FY2017/Q4, the Company reorganized Arm Holdings plc and its subsidiaries. Following this reorganization, Arm Limited is listed as a principal business entity. SoftBank Group Corp. will use a portion of its Arm Limited shares to satisfy approximately $8.2 billion out of its
total commitment to SoftBank Vision Fund. At the fiscal year-end, SoftBank Vision Fund held 19.7% stake in Arm Limited. At the time of completion of the commitment by SoftBank Group Corp. related to Arm Limited shares, SoftBank Vision Fund will hold a 24.99% stakein Arm Limited.

Consolidated Results Summary(Unaudited)
FY2016(Millions of yen)

FY2017

Q1

Q2

Q3

Q4

Full year

Q1

Q2

Q3

Q4

2,126,521

2,145,313

2,309,632

2,319,538

678,350

654,931

658,473

572,713

31.9%

30.5%

28.5%

Operating income (excluding income from SoftBank Vision Fundand Delta Fund)

319,236

328,127

Operating margin (excluding income from SoftBank Vision
Fund and Delta Fund)

15.0%

Operating income from SoftBank Vision Fund and Delta Fund-

Full year

8,901,004

2,186,059

2,225,076

2,400,139

2,347,491

9,158,765

2,564,467

700,110

690,372

665,815

548,820

2,605,117

24.7%

28.8%

32.0%

31.0%

27.7%

23.4%

28.4%

281,965

96,671

1,025,999

374,044314,557

223,801

88,4181,000,820

15.3%

12.2%

4.2%

11.5%

17.1%

14.1%

9.3%

3.8%

10.9%

-

-

-

-

105,229

81,00950,18966,554

302,981319,236

328,127

281,965

96,671

1,025,999

479,273395,566

273,990

154,972

1,303,801

15.0%

15.3%

12.2%

4.2%

11.5%

21.9%

17.8%

11.4%

6.6%

14.2%

-112,107-109,915-121,341-123,948-467,311-120,870-122,588-139,879-132,795-516,132
404,584

Continuing operations
Net sales
Adjusted EBITDA
Adjusted EBITDA margin

Operating income
Operating margin
Finance cost
Income on equity method investments

35,46669,708100,814

115,562

321,550

1,634

106,656

211,301

84,993Gain on sales of shares of associates

204,233

33,868-2

238,103

-

1,510

294

-

1,804

Foreign exchange gain (loss)-42,919

125,990-48,849

19,11453,336-1,796

12,7389,158-54,618-34,518

Derivative gain (loss)

21,511-191,569

74,183-156,940-252,815-257,059-247,622

19,483-144,992-630,190

Gain (loss) from financial instruments at FVTPL-30,283-27,857

18,859-121,138-160,419

24,613-14,406-2,138-8,137-68-160,382

Changes in third-party interests in SoftBank Vision Fund andDelta Fund

-

-

-

-

-

-43,589-33,568-31,006-52,219

Other non-operating income (loss)-38,776

74,331-9,750-71,722-45,917-4,63843,167

3,580-26,378

15,731

Income (loss) before income tax

356,361

302,683

295,881-242,399

712,526

77,568141,453

344,783-179,174

384,630

Net income from continuing operations

212,292

29,33897,341

580,660

919,631

30,540113,202

1,059,003

35,067

1,237,812

Discontinued operations
Net income (loss) from discontinued operations
Net income attributable to owners of the parent
Net income attributable to owners of the parent ratio

60,059498,526-5,2801,494

554,799

-

-

-

-

-

254,157

511,359

80,257

580,535

1,426,308

5,521

97,101

912,322

24,033

1,038,977

12.0%

23.8%

3.5%

25.0%

16.0%

0.3%

4.4%

38.0%

1.0%

11.3%

Total assets

24,634,212

31,180,466

Equity attributable to owners of the parent

3,586,352

5,184,176

Equity attributable to owners of the parent ratio

14.6%

16.6%

Cash flows from operating activities

252,734

762,867

111,832

373,295

1,500,728

195,954552,329

135,492

204,848

1,088,623

Cash flows from investing activities-154,840-3,008,557-217,196-833,004-4,213,597

Cash flows from financing activities

679,598

1,740,438-209,706

170,416

2,380,746-1,068,352-608,319-1,051,733-1,756,418-4,484,822-26,0222,217,802

783,576

1,651,065

Depreciation and amortization-340,009-338,215-371,275-416,110

4,626,421-1,465,609-371,991-378,516-401,868-433,498-1,585,873

Capital expenditure (acceptance basis)

149,029

162,498

247,168

364,897923,592

215,694

244,969

302,139

382,326

1,145,128*Adjusted EBITDA = operating income (loss) + depreciation and amortization ± unrealized gain and loss on valuation of investments in SoftBank Vision Fund and Delta Fund segment ± other adjustments*Adjusted EBITDA margin = adjusted EBITDA / net sales*Operating income from SoftBank Vision Fund and Delta Fund = gain and loss on investments at SoftBank Vision Fund and Delta Fund - operating expenses*Changes in third-party interests in SoftBank Vision Fund and Delta Fund = of the third-party interests in SoftBank Vision Fund and Delta Fund, the fluctuations arising from SoftBank Vision Fund and Delta Fund’s business activities*Equity attributable to owners of the parent ratio = equity attributable to owners of the parent / total assets*The amounts of depreciation and amortization and capital expenditure exclude those of discontinued operations.

-1-

Results by Segment(Unaudited)

FY2017Q4 (3 months)
Domestic(Millions of yen) Telecommunications

SprintYahoo Japan

Distribution

SoftBank Vision Fundand Delta Fund

Arm

Other

Reconciliations

Consolidated

Net sales

822,975

879,808

232,858

394,508

49,922-

57,972-90,552

2,347,491

Segment income (loss) (operating income (loss))

70,298-12,558

36,634

9,655-9,51566,554-1,827-4,269154,972

8.5%

-

15.7%

2.4%

-

-

-

-

6.6%

147,866

245,513

13,234

1,520

16,166

1

8,892

306

433,498

-

-

-372

-

-

-

-

-

-372
-94,867

Segment margin (operating margin)
Depreciation and amortization
Gain from remeasurement relating to businesscombination
Unrealized gain and loss on valuation of investments in
SoftBank Vision Fund and Delta Fund segment

-

-

-

-

-

-94,867--

Other adjustments-4,04455,561-1,796--

20,502-14,784

150

55,589Adjusted EBITDA

214,120

288,516

47,70011,175

6,651-7,810-7,719-3,813548,820

Adjusted EBITDA margin
Capital expenditure (acceptance basis)

26.0%

32.8%

20.5%

2.8%

13.3%

-

-

-

23.4%

153,388

188,791

24,315

2,544

5,007

-

8,281

-

382,326

FY2017 (full year)
Domestic(Millions of yen) Telecommunications
Net sales
Segment income (loss) (operating income (loss))
Segment margin (operating margin)

SprintYahoo Japan

Distribution

SoftBank Vision Fundand Delta Fund

Arm

Other

Reconciliations

Consolidated

3,229,845

3,601,961

884,402

1,419,319

202,344-

162,375-341,481

9,158,765

682,996279,283

179,290-31,018-31,380

302,981-36,874-41,477

1,303,801

21.1%

7.8%

20.3%

-

-

-

-

-

14.2%

499,188953,820

45,193

6,695

62,324

1

17,144

1,508

1,585,873

Gain from remeasurement relating to businesscombination

-

-

-372

-

-

-

-

-

-372

Unrealized gain and loss on valuation of investments in
SoftBank Vision Fund and Delta Fund segment

-

-

-

-

-

-345,975---345,975

Depreciation and amortization

Other adjustments-4,044-5,762-9,69250,497-

20,502

8,712

1,577

61,790Adjusted EBITDA

1,178,140

1,227,341

214,419

26,17430,944-22,491-11,018-38,392

2,605,117

Adjusted EBITDA margin
Capital expenditure (acceptance basis)

36.5%

34.1%

24.2%

1.8%

15.3%

-

-

-

28.4%

370,387

642,473

89,4608,188

16,7501717,853-

1,145,128*The Company established the SoftBank Vision Fund and Delta Fund segment as a new reportable segment in FY2017/Q1 following the completion of SoftBank Vision Fund's first major closing on May 20, 2017.
*“Other” in the segment information is a category for information of the businesses that are not included in the six reportable segments. The main business of this category is alternative investment management business operated by Fortress and Fukuoka SoftBank
HAWKS and its related businesses.
*“Reconciliations” includes an elimination of intersegment transactions and the corporate general expenses unallocated to each reportable segment.
*Segments excluding the SoftBank Vision Fund and Delta Fund segment:
Segment income = net sales - operating expenses (cost of sales + selling, general and administrative expenses) ± gain and loss from remeasurement relating to business combination ± other operating income and loss, for each segment
Adjusted EBITDA = segment income (loss) + depreciation and amortization ± other adjustments*SoftBank Vision Fund and Delta Fund segment:
Segment income = gain and loss on investments at SoftBank Vision Fund and Delta Fund - operating expenses
Adjusted EBITDA =segment income (loss) + depreciation and amortization ± unrealized gain and loss on valuation of investments ± other adjustments*Adjusted EBITDA margin = adjusted EBITDA / net sales-2-

Domestic Telecommunications Segment - 1 (Results)(Unaudited)

FY2016(Millions of yen)

FY2017

Q1

Q2

Q3

Q4

Net sales

761,763

792,803

846,104

793,121

Segment income

239,013226,920

185,551

68,088

31.4%

28.6%

21.9%

Segment margin
Depreciation and amortization

Full year

Q1

Q2

Q3

Q4

Full year

3,193,791

755,656

773,304

877,910

822,975

3,229,845

719,572

218,467

215,501

178,730

70,298682,996

8.6%

22.5%

28.9%

27.9%

20.4%

8.5%

21.1%

112,266

113,139

117,800

146,253

489,458

111,006

114,687

125,629

147,866

499,188

Other adjustments

-

-

-

-

-

-

-

-

-4,044-4,044

Adjusted EBITDA

351,279

340,059

303,351

214,341

1,209,030

329,473

330,188

304,359

214,120

1,178,140

46.1%

42.9%

35.9%

27.0%

37.9%

43.6%

42.7%

34.7%

26.0%

36.5%

50,75255,43876,366

138,023

320,579

53,10273,27890,619153,388

370,387

Adjusted EBITDA margin
Capital expenditure*Segment income = net sales - operating expenses (cost of sales + selling, general and administrative expenses) ± other operating income and loss
*Adjusted EBITDA = segment income (loss) + depreciation and amortization ± other adjustments*Adjusted EBITDA margin = adjusted EBITDA / net sales-3-

Domestic Telecommunications Segment - 2 (KPIs)(Unaudited)
FY2016

Mobile Communications Service
Q1

Q2

FY2017Q3

Q4Full year

Q1

Q2

Q3

Q4

Full year

Main subscribers

Cumulative subscribers*(Thousands)

32,14932,301

32,23032,40032,44832,78432,996105

182(incl.) Wireless Home Phone

Net additions*
Total ARPU

33,175
265(Thousands)

112

151

-70

169

362

48

336

212

180

775

(JPY)

4,610

4,570

4,530

4,310

4,500

4,380

4,340

4,380

4,310

4,350

Telecom ARPU

4,050

4,020

3,980

3,760

3,950

3,830

3,790

3,820

3,740

3,800

Service ARPU

560

560

560

550

550

550

550

560

570

560

-1,090-1,130-1,150-1,180-1,130-1,210-1,240-1,210-1,170-1,210

1.13%

1.06%

1.25%

1.53%

1.24%

1.13%

1.01%

1.10%

1.64%

1.22%

0.85%

0.78%

0.89%

1.04%

0.89%

0.79%

0.74%

0.83%

1.09%

0.86%

2,353

2,551

2,939

3,236

11,079

2,397

2,445

2,940

3,274

11,056

1,154

1,123

1,072

1,579

4,928

1,121

1,143

1,155

1,631

5,050

1,199

1,428

1,867

1,657

6,151

1,277

1,302

1,785

1,643

6,006

Mobile communications service

3,702

4,419

5,149

6,030

6,641

7,135

7,617

8,148

Broadband service

1,790

2,158

2,527

2,904

3,182

3,434

3,671

3,887

Cumulative subscribers

43,20743,05642,826

42,66642,04542,18442,47742,650Main subscribers*

32,14932,301

32,23032,40032,44832,78432,99633,175

Communication modules

7,215

7,045

7,037

6,910

6,442

6,424

6,692

6,877

PHS

3,842

3,710

3,559

3,356

3,156

2,977

2,789

2,598

Discount on ARPU

(JPY)

Churn rate
Phone churn rate
Units sold(Thousands)

New subscriptions
Device upgrades
Cumulative applications for the Home Bundle Discount Hikari Set

Overall mobile communications(Thousands)(Thousands)

FY2016

Broadband Service
Q1
Subscribers

Q2

Q3

FY2017Q4Full year

Q1

Q2

Q3

Q4

Full year(Thousands)

Cumulative subscribers

5,345

5,600

5,860

6,145

6,403

6,636

6,832

7,039

SoftBank Hikari

2,243

2,699

3,141

3,592

4,012

4,362

4,666

4,974

Yahoo! BB hikari with FLET’S

1,797

1,641

1,505

1,385

1,267

1,191

1,121

1,061

Yahoo! BB ADSL

1,305

1,261

1,213

1,168

1,124

1,084

1,045

1,005

SoftBank Hikari

4,960

4,960

4,910

4,810

4,900

4,640

4,570

4,490

4,410

4,520

Yahoo! BB hikari with FLET’S

1,810

1,810

1,810

1,800

1,810

1,790

1,790

1,770

1,760

1,780

Yahoo! BB ADSL

2,560

2,530

2,490

2,450

2,510

2,420

2,410

2,380

2,330

2,390

ARPU

(JPY)

*Cumulative subscribers included subscribers toWireless Home Phone , which was launched in July 2017.

-4-

Domestic Telecommunications Segment - 3 (Definitions and Calculation Methods of KPIs)
ⅰ. Mobile Communications Service
Each category serves as cover-all terms for the service contracts described.
Main subscribers: smartphones, feature phones, tablets, mobile data communications devices, Wireless Home Phone and others*Smartphones to which the Smartphone Family Discount are applied and mobile data communications devices to which the Data Card 2-Year Special Discount are applied are included under communication modules.
Communication modules: communication modules, Mimamori Phone , prepaid mobile phones and others*Communication modules that use PHS networks are included under PHS.
PHS: PHS

Principal Operational Data for Main Subscribers
ARPU: Average Revenue Per User per month
Total ARPU = (data-related revenue + basic monthly charge and voice-related revenues + device warrantee services + content-related revenues + advertising revenue, etc.) / number of active subscribers (rounded to the nearest JPY 10)
Telecom ARPU = (data-related revenue (packet communication and flat-rate charges, basic monthly Internet connection charges etc.) + basic monthly charge and voice-related
revenues (basic monthly usage charges, voice call charges, revenues from incoming calls, etc.)) / number of active subscribers (rounded to the nearest JPY 10)
Service ARPU = (device warrantee services, content-related revenues, advertising revenue, etc.) / number of active subscribers (rounded to the nearest JPY 10)
Number of active subscribers: the total of the monthly numbers of active subscribers for the relevant period ((subscribers at the beginning of the month + subscribers at the end of the month) / 2)
Revenues from incoming calls: interconnection charges received from other operators for voice calls from their customers on their network to SoftBank and Y!mobile phones as a charge for the services provided in the SoftBank Corp. service area
Discount on ARPU = monthly discount + broadband service bundle discount (including Home Bundle Discount Hikari Set , Fiber-optic Discount )Churn rate: average monthly churn rate
Churn rate = number of churn / number of active subscribers for the relevant period (rounded to the nearest 0.01%)
Number of churn excludes the number of subscribers who switch between SoftBank and Y!mobile using Mobile Number Portability (MNP).
*Phone churn rate: churn rate for smartphones and feature phones within main subscribers, including voice SIM subscriptions
Units sold: the total number of new subscriptions and device upgrades. New subscriptions where customers switch between SoftBank and Y!mobile using MNP are included in the number of device upgrades.
*ARPU, churn rate and number of units sold are calculated and presented excluding revenues or subscribers to the Wireless Home Phone.
Home Bundle Discount Hikari Set : a discount on the communication charges of mobile communications services to customers subscribing to bundled packages combining mobile communications services*Cumulative applications for the Home Bundle Discount Hikari Set: includes subscribers for Fiber-optic Discount applied to the Y!mobile brand mobile communications services.
Includes that of fiber-optic lines as long as the discount is applied to the associated mobile communications services, even if physicalconnection of the fiber optic line is not complete at the central office of NIPPON TELEGRAPH AND TELEPHONE EASTCORPORATION (“NTT East”) and NIPPON TELEGRAPH AND TELEPHONE WEST CORPORATION (“NTT West”).

ⅱ. Broadband Service
SoftBank Hikari : an integrated service of fiber-optic service using the wholesale fiber-optic connection of NTT East and NTT West with ISP (Internet Service Providers) service
Yahoo! BB hikari with FLET’S : an ISP service offered as a package with NTT East and NTT West’s FLET’S Hikari Series fiber-optic connection
Yahoo! BB ADSL : a service combining an ADSL connection service and an ISP service
Subscribers:
SoftBank Hikari subscribers: number of users for which physical connection of a fiber-optic line at the central office of NTT East or NTT West is complete. Includes the number of subscribers to SoftBank Air .
Yahoo! BB hikari with FLET’S subscribers: number of users of Yahoo! BB hikari with FLET'S for which physical connection of a fiber-optic line at the central office of NTT East or NTT West is complete and who are provided with services
Yahoo! BB ADSL subscribers: number of users of Yahoo! BB ADSL for which physical connection of an ADSL line at the central office of NTT East or NTT West is complete
ARPU: Average Revenue Per User per month
ARPU = revenue of each broadband service / the number of active subscribers (rounded to the nearest JPY 10)
SoftBank Hikari ARPU = SoftBank Hikari revenue (basic monthly charge + provider charge + Hikari BB unit rental charge + White hikari Phone and BB Phone voice call charge + optional service charges, etc.) /the number of active SoftBank Hikari subscribers*Calculation of SoftBank Hikari ARPU includes revenues from and subscribers to SoftBank Air .
Yahoo! BB hikari with FLET'S ARPU = Yahoo! BB hikari with FLET'S revenue (provider charge + Hikari BB unit rental charge + BB Phone voice call charge + optional service charges, etc.
(excluding usage charges for FLET’S hikari and FLET’S hikari LIGHT )) / the number of active Yahoo! BB hikari with FLET’S subscribers
Yahoo! BB ADSL ARPU = Yahoo! BB ADSL revenue (basic monthly charge + provider charge + modem rental charge + BB Phone voice call charge + optional service charges, etc.) /the number of active Yahoo! BB ADSL subscribers
Number of active subscribers: the total of the monthly numbers of active subscribers for the relevant period (subscribers at the beginning of the month + subscribers at the end of the month) / 2-5-

Sprint Segment - 1 (Results)(Unaudited)
FY2016FY2017

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Net sales

873,923

848,614929,472

971,366

3,623,375

910,423

882,904

928,826

879,8083,601,961

Segment income

45,36859,197

40,621

41,237

186,423

131,987

70,18989,665-12,558

279,283

5.2%

7.0%

4.4%

4.2%

5.1%

14.5%

7.9%

9.7%

-

7.8%

214,049

206,002

225,435

240,359885,845

230,832

233,159244,316

245,513

953,820(Millions of yen)Segment margin
Depreciation and amortization

Full year

Full year

Other adjustments

12,277-19,969

4,743

10,3207,371-40,966

3,830-24,187

55,561-5,762Adjusted EBITDA

271,694245,230

270,799

291,916

1,079,639

321,853

307,178309,794

288,516

1,227,341

Adjusted EBITDA margin
Capital expenditure (acceptance basis)

31.1%

28.9%

29.1%

30.1%

29.8%

35.4%

34.8%

33.4%

32.8%

34.1%

79,20078,715

145,185

174,594

477,694

131,812139,397

182,473

188,791

642,473*Other adjustments mainly include gain/loss from non-recurring factors, such as gain from spectrum license exchanges and income and loss on contract termination among items included in other operating income and loss, and negative
impacts from hurricanes included in net sales and cost of sales and selling, general and administrative expenses.
*Segment income = net sales - operating expenses (cost of sales + selling, general and administrative expenses) ± other operating income and loss
*Adjusted EBITDA = segment income (loss) + depreciation and amortization ± other adjustments*Adjusted EBITDA margin = adjusted EBITDA / net sales-6-Sprint Segment - 2 (KPIs)(Unaudited)

Operation data

FY2016
Q1

Cumulative subscribers

Q2

FY2017Q3

Q4Full year

Q1

Q2

Q3

Q4

Full year(Thousands)

Total

53,36353,962

53,271

53,63953,69854,02754,581

54,62530,94531,28931,694

31,576

31,51831,686

31,942

32,11925,322

25,66926,037

26,07926,153

26,432

26,616

26,813

Prepaid

10,636

10,187

8,493

8,688

8,719

8,765

8,997

8,989

Wholesale and affiliate

11,782

12,486

13,084

13,375

13,461

13,576

13,642

13,517

602

599

564

368

2,133

61

378

385

44

868

180

344

405

-118

811

-39

168

256

39

424

173

347

368

42

930

88

279

184

55

606

Prepaid

-306

-449

-460

195

-1,020

35

95

63

170

363

Wholesale and affiliate

728

704

619

291

2,342

65

115

66

-165

81

72.17

71.69

71.77

68.66

69.51

68.95

68.54

68.51

Postpaid

51.54

50.54

49.70

47.34

47.30

46.00

45.13

44.40

Prepaid

33.00

33.15

33.97

38.48

38.24

37.83

37.46

37.15

1.56%

1.52%

1.67%

1.75%

1.65%

1.72%

1.80%

1.78%

1.39%

1.37%

1.57%

1.58%

1.50%

1.59%

1.71%

1.68%

5.39%

5.59%

5.74%

4.69%

4.57%

4.83%

4.63%

4.30%

Postpaid
Phone

Net additions (loss)(Thousands)

Total
Postpaid
Phone

Postpaid phone ABPU

(USD)

Postpaid phone ABPU
ARPU

(USD)

Churn rate
Postpaid
Phone
Prepaid*Sprint is no longer reportingLifeline program subscribers due to recent regulatory changes resulting in tighter program restrictions. Sprint has excluded them from the number of prepaid and wholesale and affiliate subscribers from FY2017/Q1.
Subscriber numbers before FY2017/Q1 have been adjusted retroactively.
The Lifeline program is a program whereby carriers in the U.S. receive a subsidy from a government fund to provide discounted services to low-income subscribers.
*Cumulative subscribers include the impact of the following special factors; however, these are not included in net additions (losses).
In May 2016, Sprint’s affiliate company acquired another operator. An affiliate company refers to a local wireless operator that sells and provides Sprint-branded services and products with its own self-operated telecom network
while paying Sprint for brand and spectrum usage. This resulted in adjustments to cumulative subscriber numbers since FY2016/Q1.
During FY2017/Q1, 2,000 Wi-Fi connections were excluded from the postpaid subscriber base.
During FY2017/Q2, one of the prepaid data plans was discontinued. Accordingly, 49,000 prepaid subscribers to the plan were excluded from the prepaid subscriber base.
During FY2017/Q3, Sprint established a joint venture with PRWireless HoldCo LLC. As a result, 169,000 prepaid subscribers were added.
*During FY2017, Sprint introduced a non-Sprint branded postpaid plan offering allowing prepaid customers to purchase a device under its installment billing program. As a result of this extension of credit, approximately 167,000 prepaid subscribers were
migrated from the prepaid subscriber base into the postpaid subscriber base during FY2017/Q4. Furthermore, net additions of postpaid subscribers and postpaid phone subscribers for FY2017/Q4 included 44,000 such net migrations each. The historicalnumbers were not restated.
*In FY2017/Q1, Sprint changed the definition of certain gross additions and deactivation for the postpaid subscribers. A newly acquired customer who leaves shortly after activation was previously counted as a deactivation but is now counted as adeduction to gross additions.
More information on Sprint: investors.sprint.com/-7-

Sprint Segment - 3 (Definitions and Calculation Methods of KPIs)
Phone: smartphones and feature phones*Cumulative subscribers and net additions include the number of communication module service subscribers.
Principal Operational Data for Main Subscribers
ABPU: Average Billings Per User per month
ABPU = (telecom revenue + equipment billings) / number of active subscribers (rounded to the nearest USD .01)
Equipment billings: the sum of lease fees under the leasing program and installment billings under the installment billing program.
ARPU: Average Revenue Per User per month
ARPU = telecom revenue / number of active subscribers (rounded to the nearest USD .01)
*ABPU/ARPU for postpaid phones are calculated by dividing the relevant telecom revenue and equipment billings by its number of active subscribers.
Churn rate: average monthly churn rate
Churn rate = number of deactivations / number of active subscribers (rounded to the nearest 0.01%)
Deactivations: the total number of subscribers that churned during the relevant period. The number of deactivations excludes the number of subscribers
who switch between prepaid and postpaid. It also excludes newly acquired customers who leaves shortly after activation. (FY17Q1 and onwards)
Number of active subscribers: the total of the monthly numbers of active subscribers for the relevant period(subscribers at the beginning of the month + subscribers at the end of the month) / 2-8-Yahoo Japan Segment and Distribution Segment(Unaudited)Yahoo Japan

FY2016(Millions of yen)

FY2017

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Net sales

204,233

205,264

221,303

222,658

853,458

211,459

213,980

226,105

232,858

884,402

Segment income

50,30849,06351,17339,275

189,819

51,584

41,10649,966

36,634

179,290

24.6%

23.9%

23.1%

17.6%

22.2%

24.4%

19.2%

22.1%

15.7%

20.3%

9,167

9,987

9,477

10,342

38,973

9,986

10,827

11,146

13,23445,193

-

-19

-

-

-19

-

-

-

-372

-372

Segment margin
Depreciation and amortization
Gain from remeasurement relating to business combination

Full year

Full year

Other adjustments

-

-

-

10,736

10,736-4,929--2,967-1,796-9,692Adjusted EBITDA

59,47559,03160,65060,353

239,509

56,641

51,93358,14547,700214,419

29.1%

28.8%

27.4%

27.1%

28.1%

26.8%

24.3%

25.7%

20.5%

24.2%

12,07818,421

18,595

15,63364,72720,01024,912

20,22324,31589,460Adjusted EBITDA margin
Capital expenditure
More information on Yahoo: about.yahoo.co.jp/ir/en/

Distribution

FY2016(Millions of yen)

Net sales
Segment income
Segment margin
Depreciation and amortization

Q1

Q2

FY2017Q3

Q4Full year

Q1

Q2

Q3

Q4

Full year

315,499

310,857

313,230

355,788

1,295,374

297,755

347,097379,959

394,508

1,419,319

6,680

7,625

4,803

-29,155-10,047

2,365

4,998

-48,036

9,655-31,018

2.1%

2.5%

1.5%

-

-

0.8%

1.4%

-

2.4%

-

1,789

1,768

1,780

1,900

7,237

1,724

1,767

1,684

1,520

6,695

Other adjustments

-

-

-

30,26030,260--50,497-50,497

Adjusted EBITDA

8,469

9,393

6,583

3,005

27,450

4,089

6,765

4,145

11,175

26,174

Adjusted EBITDA margin
Capital expenditure

2.7%

3.0%

2.1%

0.8%

2.1%

1.4%

1.9%

1.1%

2.8%

1.8%

1,148

1,474

1,877

2,023

6,522

1,563

1,983

2,098

2,544

8,188

*Segment income = net sales - operating expenses (cost of sales + selling, general and administrative expenses) ± gain and loss from remeasurement relating to business combination ± other operating income and loss
*Adjusted EBITDA = segment income (loss) + depreciation and amortization ± gain and loss from remeasurement relating to business combination ± other adjustments*Adjusted EBITDA margin = adjusted EBITDA / net sales-9-Arm Segment - 1 (Results)(Unaudited)
FY2016(Millions of yen)

Q1

Q2

FY2017Q3

Q4Full year

Q1

Q2

Q3

Q4

Full year

Net sales

14,35654,49944,047112,902

47,037

46,63958,74649,922

202,344

Segment income (loss)-5,123

15,045

2,997

12,919-6,935-7,859-7,071-9,515-31,380

Segment margin

-

27.6%

6.8%

11.4%

-

-

-

-

-

4,476

13,723

14,32432,523

14,883

15,402

15,873

16,16662,324Gain from remeasurement relating to business combination-18,168---18,168

-

-

-

-

-

Other adjustments

25,466314-

25,780

-

-

-

-

-

Adjusted EBITDA

6,651

29,082

17,32153,054

7,948

7,543

8,802

6,651

30,944

46.3%

53.4%

39.3%

47.0%

16.9%

16.2%

15.0%

13.3%

15.3%

760

1,828

2,454

5,042

3,525

3,709

4,509

5,007

16,750Depreciation and amortization

Adjusted EBITDA margin
Capital expenditure (acceptance basis)*In conjunction with the consolidation of Arm, the Company established a new reportable segment "Arm" in FY16Q2. In the Arm segment, the earnings reflect the results of Arm's operations since September 6, 2016.
*Segment income (loss) = net sales - operating expenses (cost of sales + selling, general and administrative expenses) ± gain and loss from remeasurement relating to business combination ± other operating income and loss
*Adjusted EBITDA = segment income (loss) + depreciation and amortization ± gain and loss from remeasurement relating to business combination ± other adjustments*Adjusted EBITDA margin = adjusted EBITDA / net sales(Reference) Revenue

FY2016(Millions of USD)

Q1

Q2

FY2017Q3

Q4Full year

Q1

Q2

Q3

Q4

Full year

Technology Licensing

38

229

122

389

149

123

190

156

618

Technology Royalty

82

248

258

588

250

271

297

269

1,087

Software and Services

20

31

29

80

29

28

33

36

126

Total

140

508

409

1,057

428

422

520

461

1,831

*In the Arm segment, the earnings reflect the results of Arm's operations since September 6, 2016.

- 10 -

Arm Segment - 2 (KPIs)(Unaudited)

Licensing

FY2016
Q1

Q2

Processor licenses signed

FY2017Q3

Q4Full year

Q1

Q2

113

Q3

41

Q4

26

Full year

25

20

43

25

48

26

141

Classic (Arm7, Arm9, Arm11)

2

1

3

2

8

0

0

0

0

0

Cortex-A

6

2

7

6

21

7

7

19

12

45

Breakdown by processor family

Cortex-R

2

4

3

0

9

5

4

5

2

16

Cortex-M

13

10

22

15

60

20

11

17

10

58

Mali

2

3

8

2

15

9

4

7

2

22

1,379

1,396

1,428

1,442

1,482

1,508

1,552

1,577

Cumulative breakdown by processor family(extant licenses still expected to generate a royalty)
Breakdown by processor family
Classic (Arm7, Arm9, Arm11)

502

503

498

500

500

500

500

499

Cortex-A

274

275

282

290

297

304

322

334

Cortex-R

71

75

78

78

83

87

92

94

Cortex-M

391

400

419

425

445

456

472

482

Mali

141

143

151

149

157

161

166

168

Companies signing licenses

23

18

34

25

94

30

15

33

18

89

Existing

14

12

16

13

49

17

10

23

9

52

New

9

6

18

12

45

13

5

10

9

37

Royalty units

CY2016
Jan - MarRoyalty units as reported by licensee(bn)

Apr - Jun

CY2017

Jul - Sep

Oct - Dec

Full year

Jan - MarApr - Jun

Jul - Sep

Oct - Dec

Full year

3.6

4.0

4.9

5.1

17.7

4.7

5.1

5.7

5.8

21.3

Breakdown by processor family
Classic (Arm7, Arm9, Arm11)

26%

24%

23%

19%

23%

17%

18%

17%

16%

17%

Cortex-A

19%

19%

16%

22%

19%

22%

20%

17%

19%

18%

Cortex-R

7%

7%

9%

7%

7%

8%

9%

7%

7%

8%

Cortex-M

48%

50%

52%

52%

51%

53%

53%

59%

58%

57%

Employees

FY2016
Q1

Total number of employees(incl.) Technical employees

Q2

FY2017Q3

Q4Full year

Q1

Q2

Q3

Q4

Full year

4,227

4,438

4,584

4,852

5,182

5,538

5,708

5,886

3,409

3,602

3,736

3,960

4,269

4,555

4,677

4,812

2,340

Geographical breakdown
UK

1,695

1,770

1,853

1,937

2,037

2,198

2,262

Rest of Europe

684

723

742

829

929

1,020

1,060

1,093

U.S.

957

991

1,020

1,080

1,151

1,184

1,241

1,280

Asia

354

388

397

422

454

482

481

486

India

537

566

572

584

611

654

664

687

*Data includes the periods before the acquisition of control by the Company on September 5, 2016 and is provided for reference purpose only.
More information on Arm: www.arm.com/company/investors- 11 -

Arm Segment - 3 (Definitions of KPIs)
Classic processors: Arm’s older products including the Arm7, Arm9 and Arm11 families of processor designs.
Cortex : Arm’s Cortex family comprise Arm’s latest processor cores. The family is split into three series:
A-series targeting applications processors running complex operating systems
R-series targeting real-time deeply embedded markets
M-series addressing the needs of the low cost microcontroller markets
Mali : The Mali family of multimedia processors deliver high-quality multimedia images without compromising performance, power consumption or system cost.
Arm develops industry-leading IP for 3D graphics, video processor and imaging technology that provides customers with an integrated multimedia platform,
which can be embedded in their chip, and is becoming increasingly important in devices such as mobile computers, portable media players and digital TVs.
Royalty units: Arm technology-based chip manufactured and/or shipped by licensees.
* Arm’s royalty unit shipments are aligned with the quarters when the chips were shipped.
The numbers of employees at Arm: include temporary employees.
Technical employees: employees who work on the research, creation, maintenance, deployment and support of technology products and services of Arm.
The number of “Technical Employees” in periods prior to September 30, 2016 have been restated to be consistent with the Post-Offer
Undertakings as agreed with the UK Takeover Panel, full details of which were set out in the letter from the Arm chairman in the scheme
document dated August 3, 2016 and which is available on www.arm.com.

- 12 -

SoftBank Vision Fund and Delta Fund Segment(Unaudited)
FY2016(Millions of yen)

Q1

Q2

Q3

FY2017Q4Full year

Gain and loss on investments at SoftBank
Vision Fund and Delta Fund
Unrealized gain and loss on valuationof investments
Interest and dividend income frominvestments
Operating expenses
Segment income
Depreciation and amortization
Unrealized loss (gain) on valuation of investments

Q1

Q2

Q3

Q4

Full year

106,871

87,46560,516

97,243352,095

106,871

87,46556,772

94,867345,975

-

-

3,744

2,376

6,120

-1,642-6,456-10,327-30,689-49,114105,229

81,00950,18966,554

302,981

-

-

-

1

1

-106,871-87,465-56,772-94,867-345,975

Other adjustments

-

-

-

20,502

20,502Adjusted EBITDA-1,642-6,456-6,583-7,810-22,491*Segment income = gain and loss on investments at SoftBank Vision Fund and Delta Fund - operating expenses*Adjusted EBITDA =segment income (loss) + depreciation and amortization ± unrealized gain and loss on valuation of investments ± other adjustments*Operating expenses include incorporation expenses of entities that comprise SoftBank Vision Fund and Delta Fund, investment research expenses arising from SBIA and other Japan and U.S. advisory companies which support SBIA, and administrative
expenses arising from each entity.

- 13 -

Finance Cost and Other Non-operating Income (Loss)
Finance cost

(Unaudited)

FY2016(Millions of yen)
Finance cost
Interest expense

FY2017

Q1

Q2

Q3

Q4

-112,107-109,915-121,341-123,948-112,107-109,915-121,341-123,948

Q1

Q2

Other non-operating income (loss)

Full year

Q1

Q2

Q3

Q4

-467,311-120,870-122,588-139,879-132,795-516,132-467,311-120,870-122,588-139,879-132,795-516,132

Q1

Q2

FY2016(Millions of yen)
Other non-operating income (loss)
Dilution gain from changes in equity interest

Full year

FY2017Q3

Q4Full year

Q3

Q4-38,776

74,331-9,750-71,722-45,917-4,63843,167

3,580

Full year-26,378

15,731

2,175

72,566319

2,480

77,540213

37,275

1,434

6,264

45,186

Loss on exchage of coroporate bonds

-

-

-

-

-

-

-

-

-19,809-19,809

Loss on sales of cryptocurrency

-

-

-

-

-

-

-

-

-18,890-18,890

Loss relating to loss of control

-

-

-

-79,278-79,278

-

-

-

-

-

-42,540----42,540

-

-

-

-

-

1,589

1,765

-10,069

5,076-1,639-4,851

5,892

2,146

6,057

9,244

Impairment loss on assets classified as held for
sale
Other

- 14 -

Consolidated B/S Assets(Millions of yen)
Current assets

Mar. 31, 2017

Mar. 31, 2018

Change5,723,975

6,874,862

1,150,887

Cash and cash equivalents

2,183,102

3,334,650

1,151,548

Trade and other receivables

2,121,619

2,314,353

192,734

Other financial assets

794,689

519,444-275,245

Inventories

341,344362,041

20,697

Other current assets

283,221344,374

61,153

18,910,237

24,305,604

5,395,367

Non-current assets
Property, plant and equipment

Outline

SBG: Mar. 2017 (1,121,740) → Mar. 2018 (1,186,392) SB:
Mar. 2017 (23,283) → Mar. 2018 (43,144)
Sprint : Mar. 2017 (321,991) → Mar. 2018 (702,249)
Yahoo Japan: Mar. 2017 (393,299) → Mar. 2018 (409,021)
Arm:
Mar. 2017 (20,876)→ Mar. 2018 (37,353)
SoftBank Vision Fund and Delta Fund: Mar. 2017(-) → Mar. 2018 (219,029)

3,977,254

3,856,847-120,407

1,926,072

1,899,711-26,361

263,061

231,895-31,166

2,654,096

2,345,098-308,998

Equipment and fixtures

627,730

820,391

192,661

Land

99,90588,300-11,605

Construction in progress

302,177

293,761-8,416

Other

30,28577,402

47,117

Goodwill

4,175,464

4,302,553

127,089 Arm: Mar. 2017 (2,687,945) → Mar. 2017(2,851,414)

Intangible assets

6,946,639

6,784,550-162,089

SprintBuildings and structures
Telecommunications equipment

Sprint5,386,224

5,081,804-304,420

FCC licenses

4,100,651

3,960,597-140,054

Technology

522,894

521,603

Customer relationships

448,806

332,444-116,362 Sprint: Mar. 2017 (209,838) → Mar. 2018 (116,841)

Management contracts-

115,333

115,333

Trademarks

760,563722,235-38,328

Software722,934

739,901

16,967

Favorable lease contracts

104,754

89,278-15,476

Spectrum migration costs

103,814125,866

22,052

Other

182,223

177,293-4,9301,670,799

2,328,617

657,818-

2,827,784

2,827,784

Investment securities

1,106,409

2,660,115

1,553,706

Other financial assets

445,858

676,392

230,534

Deferred tax assets

404,994

647,514242,520

Other non-current assets

182,820

221,232

38,412

24,634,212

31,180,466

6,546,254

Investments accounted for using
the equity method
Investments from SoftBank Vision Fund and Delta
Fund accounted for using FVTPL

Total assets-1,291

SB: SoftBank- 15 -

Arm: Mar. 2017 (143,963) → Mar. 2018 (140,646)

Consolidated B/S Liabilities and Equity(Millions of yen)
Current liabilities

Mar. 31, 2017

Mar. 31, 2018

5,226,923

6,728,755

ChangeOutline1,501,832

Interest-bearing debt

2,694,093

3,217,405

523,312

SoftBank Group

1,139,734

1,485,852

346,118

536,897364,245-172,652-

397,095

397,095

1,017,462

970,213-47,249

684,091

684,091

Sprint
SoftBank Vision Fund and Delta Fund
Others
Deposits for banking business-

Third-party interests in SoftBank Vision Fund and Delta Fund
Trade and other payables-

40,71340,713

1,607,453

1,816,010

208,557

Other financial liabilities

13,701

97,887

84,186

Income taxes payables

256,218

147,979-108,239

Provisions

56,36265,709

9,347

Other current liabilities

599,096

658,961

59,865

Non-current liabilities

14,937,559

18,178,689

3,241,130Interest-bearing debt

12,164,277

13,824,783

1,660,506

SoftBank Group

6,378,194

7,732,330

1,354,136 Mar. 2018: includes borrowing of JPY 842.3 bn (USD 8 bn, non-recourse to SBG) using Alibaba shares made by wholly owned subsidiary

Sprint

4,024,390

3,979,705-44,685-

101,312101,312

1,761,693

SoftBank Vision Fund and Delta Fund
OthersThird-party interests in SoftBank Vision Fund and Delta Fund

2,011,436

249,743-

1,803,966

1,803,966

Derivative financial liabilities

254,146

865,402611,256

Other financial liabilities

33,08362,372

29,289Defined benefit liabilities

108,172

100,486-7,686

Provisions

138,730

132,139-6,591

1,941,380

1,085,626-855,754

Deferred tax liabilities
Other non-current liabilities
Total liabilities
EquityEquity attributable to owners of the parent

297,771

303,915

6,144

20,164,482

24,907,444

4,742,962

4,469,730

6,273,022

1,803,292

3,586,352

5,184,176

1,597,824

Common stock

238,772

238,7720Capital surplus

245,706

256,768

11,062Other equity instruments
Retained earnings-

496,876

496,876

2,958,355

3,940,259

981,904

Treasury stock-67,727-66,458

1,269

Accumulated other comprehensive income

211,246

317,959

106,713Available-for-sale financial assets

11,98363,70051,717

Cash flow hedges-44,877-55,286-10,409

Exchange differences on translating foreign operations

244,140

309,545

65,405

Non-controlling interests

883,378

1,088,846

205,468

Total liabilities and equity

24,634,212

31,180,466

6,546,254- 16 -

Sprint U.S. GAAP Bridge to SoftBank Group IFRSs - 1
Income Statement (Apr. 1, 2017 - Mar. 31, 2018)(Millions of USD)
Reclassification

Difference of recognition and measurement

IFRSs

SprintNet operating revenues

U.S. GAAP(1)SoftBank Group

(2)

(3)

(4)

(5)

Network
restructuring cost

ARO
discount rate

Liability to
pay levies

Depreciation
on impaired assets

Tax effect on
adjustments(Millionsof USD)

Other

32,406(Millionsof yen)32,4063,601,961

Net sales

Net operating expenses
Cost of services and products-13,403-7,542

Selling, general and administrative-8,087-516

Depreciation and amortization-8,580

8,580

391

-487

-202

Other, net

3

2,727

35

-199

Interest expense-2,365-36-2

Other expense, net

-59

1

303

-31

1

-20,966-2,330,140-43-8,651-961,514

Selling, general, andCost of sales

2

-296

-31,024

Other operating income

administrative expenses

Operating income

Income before income taxes

6
-5

1

-31

-9

-201

-9

1

-31

-40

2,493

279,283

Operating income-6-2,418-268,760

Finance cost

2

-56

-6,286

Other non-operating loss

-44

19

4,237

Income before income taxes

Income tax expense

7,074

7,320

825,101

Net income

7,377

-201

-9

1

-31

246

246
-44

7,339

829,338

7,389

-201

-9

1

-31

246

-44

7,351

830,683

Interest expense-12-1,345

Other expense, net

Net income attributable to
Owners of the parent
Non-controlling interests

Operating income
Depreciation and amortization
EBITDA
Other adjustments
Adjusted EBITDA

Income taxes
Net income
Net income attributable to

-12

2,727

35

8,580

-27

11,3078-238
11,069

-199

1

-31

-40

31
-199
3

279,283
953,820

11,0771,233,103

1

-40
-1

-37

-5,762

1-41

11,0401,227,341

202
8

2,493
8,584

*Average rate for the quarter is used for conversion of the U.S. dollars into yen (Apr. to June 2017, USD 1 = JPY 111.61, July to Sept., USD 1 = JPY 111.38, Oct. to Dec., USD 1 = JPY 112.74, Jan. to Mar. 2018, USD 1 = JPY 108.85).
(1) Mainly reclassification of depreciation and amortization to "cost of services and products" and "SGA."Interest from asset retirement obligations (USD 31 million) is recorded as operating cost under U.S. GAAP and finance cost under IFRSs.
(2) Under U.S. GAAP, provision for network infrastructure restructuring is recognized when the payment obligation is probable.
Under IFRSs, the provision is recorded when detailed formal plan is publicly announced.
(3) Under U.S. GAAP, the discount rate used to measure the asset retirement obligation (ARO) is only updated if the forecast cash outflows increases. Under IFRSs, the discount rate is updated as of the balance sheet date.
(4) Difference in recognition timing of liabilities / expenses related to levies (mainly property tax). Under IFRSs, liabilities / expenses are recognized when the payment obligation to the government occurs.
(5) Sprint (U.S. GAAP) does not recognize depreciation on wireline property, plant, and equipment which impairment loss was recognized during the fiscal year ended March 2015. Under U.S. GAAP, wireless segment andwireline segment are treated as separate reporting units and impairment test was performed at the individual asset level or asset groups. SBG (IFRSs) continuously recognized depreciation since impairment loss was
not recognized, as Sprint is treated as a single cash-generating unit and all assets were tested together for impairment.

- 17 -

Operating income
Depreciation and amortization
EBITDA
Other adjustments
Adjusted EBITDA

Sprint U.S. GAAP Bridge to SoftBank Group IFRSs - 2
Balance Sheets (As of Mar. 31, 2018)(Millions of USD)
Reclassification

SprintU.S. GAAP(1)

Difference of recognition and measurement

IFRSs

(6)
Adjustment
on goodwill

(2)

(3)

(4)

(5)

Impaired
assetsNetwork restructuring
cost

ARO
discount rate

Liability to
pay levies

Tax effect on
adjustments

SoftBank Group(Millionsof USD)

Other(Millionsof yen)AssetsAssetsCurrent assets

14,253

Goodwill

6,586

Other non-current assets

64,6202,031

85,4592,031

Total assets

340

14,253

1,514,184

2,955

313,942

66,6297,078,725

83,837

8,906,851-3

11,1801,187,790

374-4

48,555

5,158,417

59,735

6,346,207

24,0392,553,919

63

6,725

-4,048

24,1022,560,644

Total equity-4,04883,837

8,906,851

Total liabilities and equity

77-4,048

-22
340

-22

77

-4,048

Liabilities and equity
10,800124

152

Non-current liabilities

48,240

-124

106

-37

258

-37

107

374

-7

82

15

-30

-374

7

Stockholders' equity
Non-controlling interests

Goodwill
Other non-current assets
Total assets

Liabilities and equity

Current liabilities

Total liabilities

Current assets

59,04026,3562,031

107-4,04863

Total equity

26,419

2,031

82

15

-30

Total liabilities and equity

85,459

2,031

340

-22

77

-374

7

Current liabilities
Non-current liabilities
Total liabilities

Stockholders' equity
Non-controlling interests*March month-end rate is used for conversion of the U.S. dollars into yen (USD 1 = JPY 106.24).
(1) Uncertain tax position presented as non-current liabilities under U.S. GAAP is presented as current liabilities under IFRSs.
(2) Sprint (U.S. GAAP) recognized impairment loss on Sprint trade name in the wireless segment and wireline property, plant, and equipment during the fiscal year ended March 2015. Under U.S. GAAP, wireless segment andwireline segment are treated as separate cash-generating units and impairment test was performed at the individual asset level or asset groups. SBG (IFRSs) recognized no impairment loss as Sprint is treated as a single
cash-generating unit and all assets were tested together for impairment.
(3) Under U.S. GAAP, provision for network infrastructure restructuring is recognized when the payment obligation is probable.
Under IFRSs, the provision is recorded when detailed formal plan is publicly announced.
(4) Under U.S. GAAP, the discount rate used to measure the asset retirement obligation (ARO) is only updated if the forecast cash outflow increase. Under IFRSs, the discount rate is updated as of the balance sheet date.
(5) Difference in recognition timing of liabilities / expenses related to levies (mainly property tax). Under IFRSs, liabilities / expenses are recognized when the payment obligation to the government occurs.
(6) Goodwill adjustments are as follows.
i. In relation to the acquisition of Sprint, SBG entered into foreign currency forward contract, out of which USD 17.0 billion was accounted for under hedge accounting.
The fair value on the acquisition date of this hedging instrument (USD 3,081 million) is deducted from goodwill (basis adjustment).
ii. Elimination of goodwill relating to non-controlling interest of Sprint.

- 18 -

Financial Indicators(Unaudited)
FY2016(Millions of yen)

Q1

Q2

Q3

FY2017Q4Full year

Q1

Q2

Q3

Q4

Full year

Interest-bearing debt
Interest-bearing debt

11,723,504

13,660,106

14,175,834

14,142,922

14,183,326

14,653,682

14,703,035

15,855,449

Corporate bonds and commercial papers

7,090,963

7,534,747

7,859,651

7,653,300

7,495,201

7,992,371

8,009,328

7,924,326

Long-term borrowings

1,984,239

2,729,964

2,986,659

3,377,625

3,365,048

2,307,348

3,929,134

5,020,279

Short-term borrowings and current portion of long-termborrowings

1,319,197

2,025,104

2,010,993

1,796,173

2,025,801

3,047,091

1,484,105

1,654,183

Lease obligations

1,238,942

1,284,946

1,250,180

1,245,890

1,244,569

1,256,723

1,241,785

1,221,873

Installment payables

90,16385,34568,351

69,93352,70750,14938,682

34,7883,407,866

2,957,943

2,906,486

2,935,305

1,903,151

3,414,299

3,177,885

3,205,049

174,200

178,500

178,500

178,500--

178,500-

3,582,066

3,136,443

3,084,986

3,113,805

1,903,151

3,414,299

3,356,385

3,205,049

Interest-bearing debt

11,723,504

13,660,106

14,175,834

14,142,922

14,183,326

14,653,682

14,703,035

15,855,449

Cash position

3,407,866

2,957,943

2,906,486

2,935,305

1,903,151

3,414,299

3,177,885

3,205,049

Net interest-bearing debt

8,315,638

10,702,163

11,269,348

11,207,617

12,280,176

11,239,383

11,525,150

12,650,401

Interest coverage ratio

6.1

6.0

5.8

5.5

5.8

5.7

4.8

Debt / equity ratio

4.9

5.3

4.2

3.6

3.5

3.2

2.6

3.0

Net debt / equity ratio

3.4

4.0

3.3

2.9

2.9

2.4

2.0

2.4

Interest-bearing debt / EBITDA ratio

4.9

5.4

5.4

5.3

5.4

5.6

5.6

6.0

Net interest-bearing debt / EBITDA ratio

3.5

4.0

4.3

4.2

4.5

4.2

4.3

4.8

2,375,247

2,494,670

2,569,292

2,604,512

2,599,693

2,629,768

2,643,692

2,626,727

Cash position
Cash position
Unused portion of credit line facility
Cash position + unused portion of credit line facility
Net interest-bearing debt

Financial indicators(Times)Adjusted EBITDA (cumulative amount of LTM) (Millions of yen)

4.6

*Interest-bearing debt above excludes financial liabilities relating to variable prepaid forward contract for sale of Alibaba shares, interest-bearing debt of SoftBank Vision Fund and Delta Fund, and deposits for banking business of The Japan Net Bank.
*Cash position = cash and cash equivalents + short-term investments recorded as current assets (both exclude SoftBank Vision Fund and Delta Fund, and The Japan Net Bank)*Cash position used for the calculations of all indicators above includes cash to be received from the sale of Supercell shares and cash to be recovered for investments that had been agreed to be transferred to SoftBank Vision Fund*Net interest-bearing debt = interest-bearing debt - cash position*Unused portion of credit line facility = credit line facility size - credit line borrowings*Interest coverage ratio = adjusted EBITDA / interest expense*Adjusted EBITDA = operating income (loss) + depreciation and amortization ± unrealized gain and loss on valuation of investments in SoftBank Vision Fund and Delta Fund segment ± other adjustments*Debt / equity ratio = interest-bearing debt / equity attributable to owners of the parent (including adjustments related to the issuance of hybrid bonds (September 2016, July 2017) and drawdown of hybrid loan (November 2017))*Interest-bearing debt / EBITDA ratio: interest-bearing debt / adjusted EBITDA (LTM) (including adjustments related to the issuance of hybrid bonds (September 2016, July 2017) and drawdown of hybrid loan (November 2017))*Net interest-bearing debt / EBITDA ratio: net interest-bearing debt / adjusted EBITDA (LTM) (including adjustments related to the issuance of hybrid bonds (September 2016, July 2017) and drawdown of hybrid loan (November 2017))- 19 -

4.1

5.1

Reference - 1 Corporate Bonds and Commercial Paper Details (consolidated)(Millions of yen; unless otherwise stated)

Commercial paper, Bonds

Maturity date

Interest rate(%, year)Mar. 31, 2017
Amount of issue

Mar. 31, 2018
Amount of issue

Mar. 31, 2018
Balance

100,000

SBG*1
Commercial paper--

80,000100,000

40th series Unsecured Straight Bond

Sept. 14, 2017

0.732

10,000--39th series Unsecured Straight Bond (Fukuoka SoftBank HAWKS Bond)

Sept. 22, 2017

0.740

100,000--

35th series Unsecured Straight Bond

Jan. 25, 2018

1.660

10,000--43rd series Unsecured Straight Bond (Fukuoka SoftBank HAWKS Bond)

June 20, 2018

1.740

400,000

400,000

399,830

45th series Unsecured Straight Bond (Fukuoka SoftBank HAWKS Bond)

May 30, 2019

1.450

300,000

300,000

299,160

46th series Unsecured Straight Bond (Fukuoka SoftBank HAWKS Bond)

Sept. 12, 2019

1.260

400,000

400,000

398,548

USD-denominated Senior Notes due year 2020

Apr. 15, 2020

4.500

$2,485mn$2,485mn

262,743

EUR-denominated Senior Notes due year 2020

Apr. 15, 2020

4.625

€625mn€625mn81,13547th series Unsecured Straight Bond (Fukuoka SoftBank HAWKS Bond)

June 18, 2020

1.360

100,000

100,000

99,43844th series Unsecured Straight Bond

Nov. 27, 2020

1.689

50,00050,00049,915

USD-denominated Senior Notes due year 2022 *2

July 30, 2022

5.375

$1,000mn$819mn86,069*2

July 30, 2022

4.000

€500mn€287mn36,99448th series Unsecured Straight Bond (Fukuoka SoftBank HAWKS Bond)

Dec. 9, 2022

2.130

370,000

370,000

366,87049th series Unsecured Straight Bond

Apr. 20, 2023

1.940

20,00020,00019,93252nd series Unsecured Straight Bond

Mar. 8, 2024

2.030

50,00050,00049,80951st series Unsecured Straight Bond (Fukuoka SoftBank HAWKS Bond)

Mar. 15, 2024

2.030

400,000

400,000

395,713

USD-denominated Senior Notes due year 2024

Sept. 19, 2024

4.750

-

$1,350mn

141,684

USD-denominated Senior Notes due year 2025 *2

July 30, 2025

6.000

$1,000mn$712mn74,678*2

July 30, 2025

4.750

€1,250mn€689mn88,857

EUR-denominated Senior Notes due year 2025

Sept. 19, 2025

3.125

-

€1,500mn

193,399

50th series Unsecured Straight Bond

Apr. 20, 2026

2.480

30,00030,00029,877

EUR-denominated Senior Notes due year 2027 *2

July 30, 2027

5.250

€500mn€211mn27,117

USD-denominated Senior Notes due year 2027

Sept. 19, 2027

5.125

-

$2,000mn

209,863

USD-denominated Senior Notes due year 2028 *3

Apr. 15, 2028

6.250

-

$500mn52,516*3

Apr. 15, 2028

5.000

-

$1,174mn

151,513

EUR-denominated Senior Notes due year 2022

EUR-denominated Senior Notes due year 2025

EUR-denominated Senior Notes due year 2028
EUR-denominated Senior Notes due year 2029

Sept. 19, 2029

4.000

-

€750mn96,637

1st series Unsecured Subordinated Corporate Bond

Dec. 17, 2021

2.500

400,000

400,000

395,983

2nd series Unsecured Subordinated Corporate Bond

Feb. 9, 2022

2.500

450,000

450,000

445,276

1st Unsecured Subordinated Bonds with interest deferrable clause and early redeemable option(with a subordination provision) (Hybrid Bond)

Sept. 13, 2041

3.000

55,60055,60055,101

3rd Unsecured Subordinated Bonds with interest deferrable clause and early redeemable option(with a subordination provision) (Hybrid Bond)

Sept. 30, 2041

3.000

400,000

400,000

392,786

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

Sept. 16, 2043

3.500

15,40015,40015,257

Sub Total

5,016,700(Reference) *Recorded as equity (other equity instruments) in financial statements
Undated Subordinated NC6 Resettable Notes *4
Undated Subordinated NC10 Resettable Notes*4- 20 -

-

6.000

-

$2,750mn

303,677

-

6.875

-

$1,750mn

193,199

(Millions of yen; unless otherwise stated)

Commercial paper, Bonds

Maturity date

Interest rate(%, year)Mar. 31, 2017
Amount of issue

Mar. 31, 2018
Amount of issue

Mar. 31, 2018
BalanceYahoo Japan
1st series Unsecured Straight Bond

Feb. 28, 2020

0.040

5,000

5,000

5,000

4th series Unsecured Straight Bond

Dec. 7, 2020

0.070

-

10,00010,000

2nd series Unsecured Straight Bond

Feb. 28, 2022

0.170

15,00015,00015,000

5th series Unsecured Straight Bond

Dec. 7, 2022

0.200

-

25,00025,000

3rd series Unsecured Straight Bond

Feb. 28, 2024

0.370

15,00015,00015,000

6th series Unsecured Straight Bond

Dec. 6, 2024

0.350

-

25,00025,000

7th series Unsecured Straight Bond

Dec. 7, 2027

0.400

-

10,000Sub Total

10,000105,000

SprintSprint Corporation
7.25% Notes due 2021

Sept. 15, 2021

7.250

$2,250mn$2,250mn

7.875% Notes due 2023

Sept. 15, 2023

7.875

$4,250mn$4,250mn

237,409447,644

7.125% Notes due 2024

June 15, 2024

7.125

$2,500mn$2,500mn

263,1457.625% Notes due 2025

Feb. 15, 2025

7.625

$1,500mn$1,500mn

157,8427.625% Notes due 2026

Mar. 1, 2026

7.625

-

$1,500mn

156,825

Sprint Communications, Inc.
8.375% Senior Notes due 2017

Aug. 15, 2017

8.375

$1,300mn--

9% Guaranteed Notes due 2018

Nov. 15, 2018

9.000

$3,000mn$1,753mn

190,396

Export Development Canada Facility (Tranche 3)

Dec. 17, 2019

4.130 *5$300mn$300mn31,7997% Guaranteed Notes due 2020

Mar. 1, 2020

7.000

$1,000mn$1,000mn

109,027

7% Senior Notes due 2020

Aug. 15, 2020

7.000

$1,500mn$1,500mn

161,858

11.5% Senior Notes due 2021

Nov. 15, 2021

11.500$1,000mn$1,000mn

124,292

9.25% Debentures due 2022

Apr. 15, 2022

9.250

$200mn$200mn23,5496% Senior Notes due 2022

Nov. 15, 2022

6.000

$2,280mn$2,280mn

240,248

185,047

Sprint Capital Corporation
6.9% Senior Notes due 2019

May 1, 2019

6.900

$1,729mn$1,729mn

6.875% Senior Notes due 2028

Nov. 15, 2028

6.875

$2,475mn$2,475mn

247,649

8.75% Senior Notes due 2032

Mar. 15, 2032

8.750

$2,000mn$2,000mn

225,8458.250$629mn-Clearwire Communications LLC
8.25% Exchangeable Notes due 2040 *6

Dec. 1, 2017

*6

Sub Total

2,802,575

Other
200
Total Balance

50

50
7,924,325*1 Unsecured straight corporate bonds issued by SBG (including foreign-currency denominated bonds) are guaranteed by SoftBank.
*2 The existing notes for the exchange offer (expired in March 2018) were retired by purchase in April 2018. The retirement by purchase was recorded in the Company's financial statements in FY2017 on an IRFS basis. The amount of issue and balance on March 31, 2018 was the amount after
the exchange.
*3 The exchange notes for the exchange offer were issued in April 2018. The issuance was recorded in the Company's financial statements in FY2017 on an IRFS basis.
*4 Undated subordinated resettable notes will be redeemed before maturity; NC6 in July 2023 and NC10 in July 2027.
*5 Floating interest rate. The interest rate stated is as of March 31, 2018.
*6 USD 629 million Clearwire 8.25% Exchangeable Notes due 2040 were redeemed in December 2017 before maturity on December 2040.

- 21 -

Reference - 2 Trend of Credit Rating* Calendar year

- 22 -