#1Earnings Results for the Three-month Period Ended June 30, 2023 Investor Briefing August 8, 2023 SoftBank Group Corp. ― SoftBank Group#2Disclaimers 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. In addition, this material does not constitute an offer to sell, or a solicitation of an offer to buy, any securities of Arm Limited. Any offers to sell, solicitations of offers to buy, or sales of securities will be made in accordance with the registration requirements of the U.S. Securities Act of 1933, as amended, and other applicable securities laws. 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 and investees; 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 the Group'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 and the 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 other Regarding Trademarks sources. 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 ongoing basis 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 Z Holdings 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" and each 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 other entity 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 and operating 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 that investments 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 at the 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 are subject 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 of disposition, 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 no assurance 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.#3Exchange rates per JPY used for translation Average during quarter 1 USD EOQ 1 USD SBG The Company SBKK Q1 T-Mobile or TMo Deutsche Telekom or DT 129.04 Arm Alibaba Jun 30 SB Northstar SVF1 or SoftBank Vision Fund 1 SVF2 or SoftBank Vision Fund 2 LatAm Funds or Latin America Funds SVF SBIA SBGA SBGC Q2 FY2022 138.68 Sep 30 Q3 141.16 Dec 31 Abbreviations Abbreviations used in Finance section of this presentation are as follows. In some cases, "Ltd." and "Corporation" etc. are omitted from the company name. Abbreviations Q4 133.26 Mar 31 133.53 Arm Limited Alibaba Group Holding Limited SoftBank Group Capital Limited T-Mobile US, Inc. after merging with Sprint Deutsche Telekom AG Q1 138.11 Jun 30 144.99 Q2 Sep 30 Other Some figures in the report are rounded and may not add up to the figures presented as the total. FY2023 Q3 = SoftBank Dec 31 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 Q4 Mar 31 Group#4Finance SBG stand-alone financial figures are calculated by excluding those of self- financing entities from the consolidated figures, unless otherwise stated. Major self-financing entities includes SBKK (including its subsidiaries such as Z Holdings and PayPay), SVF1, SVF2, LatAm Funds, and Arm, etc.#5=SoftBank How We See the Current Environment There is a sense of easing in the ascent in US interest rates. Weaker JPY against USD YTD. In US stocks, large-cap tech companies lead the rise in key indices (%) 6.0 5.0 4.0 3.0 2.0 1.0 0.0 U.S. Interest Rates . FF Target Rate (upper bound) -US 2Y Treasury Dec 31 2021 -US 10Y Treasury Man Dec 31 2022 (Note) Created by SBG based on Bloomberg. *1 Indexed with Dec 31, 2021 as 100. *2 Philadelphia Semiconductor Sector Index *3 Thomson Reuters Venture Capital Index Jun 30 2022 Aug 7, 2023 (JPY) FF Target Rate (upper bound) 160 5.50% 2Y 4.8% murhaus 1ΟΥ 4.1% Jun 30 2023 150 140 130 120 110 100 Dec 2021 USD/JPY Jun 30 Dec 31 2022 2022 Aug 7, 2023 ¥142.50 Jun 30 2023 120 100 80 60 40 U.S. Stock Prices*1 Dec 31 2021 -S&P500 -VC Index -NASDAQ NASDAQ-100 TECH Sector SOX Index Читати Dec 31 2022 Jun 30 2022 Group Aug 7, 2023 94.8 S&P500 94.8 SOX*2 89.4 NASDAQ 85.9 NASDAQ-100 TECH Sector 60.6 VC Index*3 Jun 30 2023 Finance 2#6SoftBank Key Drivers of Higher U.S. Stock Prices (from Jan 1, 2023 to Aug 7, 2023) Large-cap tech and semiconductor stocks contribute to sharp recovery in U.S. stock prices. VC index also performed strongly YTD Magnificent 7 ("Large-cap Tech Names") *1,2 180 160 140 120 100 80 -S&P500 (excl. Magnificent 7) -S&P500 -Magnificent 7 Mar 31 2023 m Jun 30 2023 Aug 7, 2023 162.5 117.7 107.0 S&P500 ■VC Index NASDAQ NASDAQ-100 TECH Sector SOX Index - 19% Index Performances*3 -33% -55% -40%-36% 18% 2022 34% 34% 43% Dec 31 2022 (Note) Created by SBG based on Bloomberg. *1 Indexed with Dec 31, 2022 as 100. *2 Magnificent 7: Nvidia, Alphabet, Amazon, Apple, Meta, Microsoft, and Tesla. The graph represents the market capitalization-weighted average of these stocks. *3 The performances for 2022 are calculated by comparing the closing prices of Dec 31, 2021 and Dec 31, 2022. The performances for 2023 YTD are calculated by comparing the closing prices of Dec 31, 2022 and Finance 3 Aug 7, 2023 48% 2023 YTD Group#7=SoftBank Historical NAV and LTV NAV increased for two consecutive quarters due to FX impact and higher stock prices. LTV reached an all-time low NAV (¥T) 18.5 18.5 16.7 13.9 Increased by ¥1.4T QoQ 15.5 14.1 LTV 25% 20.4% 14.5% Mar Jun Sep Dec Mar Jun Mar Jun 2022 2022 2022 2023 2023 2022 2022 2022 (Note) NAV (Net Asset Value) = Adjusted SBG stand-alone equity value of holdings - adjusted SBG stand-alone net interest-bearing debt. LTV 15.0% Sep 2022 18.2% Dec 2022 Improved by 3.0pp QoQ 11.0% Mar 2023 Group 8.0% Jun 2023 Finance 4#8Key Financial Activities in FY2023 Q1 Resuming offensive investments while adhering to financial policy NAV.LTV Financing activities Investment activities NAV of ¥15.5T: +¥1.4T QOQ LTV of 8.0%: -3.0pp QoQ Net debt of ¥1.4T: -¥0.3T QOQ Cash position of ¥5.8T*¹: +¥0.7T QOQ Refinanced USD hybrid bonds. Fully monetized Alibaba shares Replacement of USD hybrid bonds*2 - - - - ● Funding: Domestic hybrid bonds and hybrid loan (Total: ¥275.1B) Redemption: USD hybrid bonds $2.0B (approx. ¥259.7B) (July 2023) Approx. ¥121.3B*³ redemption of senior bonds at maturity $4.4B of Alibaba asset-backed finance (approx. ¥605.6B) Resuming investments from SVF2 and SBG/Others Invested $1.8B in Q1 (approx. ¥241.6B)*4 Sale of SB Energy (85% of ownership): ¥102.0B*5 Additional investment in Symbotic and establishment of JV (July 2023) ● SoftBank *3 For foreign-currency notes, the contracted swap foreign exchange rate is applied. *4 Invested amounts from SBG and its major wholly owned subsidiaries. Converted to JPY by using average exchange rate of FY2023 Q1. *5 Sale price. Group *1 Cash and cash equivalents + short term investments recorded as current assets + undrawn commitment line. ¥702.6B undrawn commitment as of Jun 30, 2023. SBG stand-alone basis (excl. SB Northstar; however, its including cash and cash equivalents) *2 Replacement of USD Perpetual Hybrid NC6 Notes .Refinance of domestic hybrid bond (¥15.4B) which will reach early redemption in Sep 2023 has also been completed. Finance 5#9Invested Amounts (SVF1+2+LatAm+SBG/Others) Resuming investments from SVF2 and SBG/Others ($ B) 15.9 SBG/Others 1.2 SVF1+ SVF2+ 14.7 LatAm 13.4 13.1 8.7 Q2 8.6 5.9 Q3 5.6 Q1 FY2021 (Note) SBG/Others: SBG and its major wholly owned subsidiaries. SVF invested amounts: the sum of new and follow-on investments, including those through share exchanges. Excludes the investment amount of the investments transferred from SBG to SVF. Q4 2.5 2.3 Q1 FY2022 0.5 Q2 0.5 Q3 0.5 Q4 SoftBank 1.8 0.9 0.9 Q1 FY2023 Group Finance 6#10Historical Alibaba Monetization Fully monetized Alibaba shares totaling for $80.6B ($4.4B in FY2023 Q1) 11.7 Aggregated Monetization Amount of Alibaba Shares ~FY2019 27.5 FY2020 40.6 FY2021 76.2 FY2022 =SoftBank (Note) The amount of monetization is net of costs including option premiums on derivative transactions and payments for cash settlement. 80.6 ($B) 4.4 FY2023 Q1 Group Finance 7#11Beneficial Ownership of Alibaba Shares Fully monetized Alibaba shares through prepaid forward contracts Beneficial 23.7% ownership Used for prepaid forward contracts *1 14.6% *2 13.5% * 3 13.7% Jun 2022 Sep 2022 Dec 2022 Mar 2023 *1 Calculated based on 21,357,323,112 ordinary shares outstanding as of Mar 31, 2022 which are disclosed in Alibaba's Form 20-F. *2 Calculated based on 21,185,107,544 ordinary shares outstanding as of Jul 15, 2022 which are disclosed in Alibaba's Form 20-F. *3 Calculated based on the number of ordinary shares outstanding as of Sep 30, 2022. *4 Calculated based on 20,680,409,344 ordinary shares outstanding as of Dec 31, 2022. *5 Calculated based on the number of ordinary shares outstanding as of Mar 31, 2023. *4 =SoftBank 13.8% Jun 2023 *5 Group Finance 8#12Equity Value of Holdings Arm becomes a core asset. Portfolio liquidity expected to improve significantly post Arm IPO. Alibaba 23% 10% 5% 12% 43% 435 entities 8% 5% 15% 10% 18% 45% 439 entities 8% 0.1% 14% 8% 22% 47% 438 entities 8% Arm SoftBank SBKK T-Mobile Deutsche Telekom SVF1.2 LatAm Funds Others excl. asset-backed finance Group Mar 2022 Mar 2023 Jun 2023 Proportion of listed shares 52% 41% 36% (Note) For details of equity value of holdings, see Appendix "Calculation of Equity Value of Holdings as of Jun 30, 2023" for the Jun 30, 2023 data, Appendix "(Reference) Calculation of Equity Value of Holdings as of Mar 31, 2023" in FY22Q4 Investor Briefing material for the Mar 31, 2023 data, and Appendix "(Reference) Calculation of Equity Value of Holdings" in FY21Q4 Investor Briefing material for the Mar 31, 2022 data. Proportion of listed shares in total equity value of holdings includes shares of Alibaba, listed shares held by SVF1, SVF2, and LatAm Funds, SBKK, T-Mobile, Deutsche Telekom, and listed companies included in Others. Regarding SVF1&2 and LatAm Funds, only SBG's interest is included. The sum of (i) the portion of SBG's equity value of holdings (net of asset-backed finance) as of Jun 30, 2023 represented by listed shares plus (ii) the value of SBG's interest in Arm as of Jun 30, 2023, calculated as described herein and net of asset-backed finance, in light of the previously announced preparations for the listing of Arm is 58%. Although Arm has already announced the commencement of preparations for the listing of its shares, the timing of the listing and the value of Arm and SBG's stake in Arm post-listing have not yet been determined, and this presentation is not intended to make any guarantee or implication with respect to these matters. Investments held by SVF1, SVF2, and LatAm Funds as of June 30, 2023: 76 investments from SVF1, 272 investments from SVF2, and 90 investments from LatAm Funds. For details, see "SVF1 Portfolio", "SVF2 Portfolio", and "LatAm Funds Portfolio" in "Data Sheet for the First Quarter Ended June 30, 2023", respectively. Finance 9#13Portfolio Diversification The proportion of China decreased significantly; leading to greater geographical diversification of assets % by regions of assets held 31% 11% 9% 20% 4% 25% 15% 18% 12% 27% 5% 24% 10% Mar 2023 17% 13% 32% 5% 23% Mar 2022 (Note) Classification of regions based on the location of each portfolio company's headquarters China: Alibaba, investments in China from SVF1 and SVF2, and other investments in China Japan: SoftBank, investments in Japan from SVF1 and SVF2, and other investments in Japan APAC (excluding Japan and China): Investments in APAC excluding Japan and China from SVF1 and SVF2, and other investments in the region EMEA: Arm, Deutsche Telekom, investments in EMEA from SVF1 and SVF2, and other investments in EMEA Latin America: Investments from LatAm Funds and other investments in Latin America North America: T-Mobile, investments in North America from SVF1 and SVF2, and other investments in North America Jun 2023 =SoftBank EMEA China Japan APAC (excluding Japan and China) excl. asset-backed finance Group Latin America North America Finance 10#14Cash Position Maintain ample cash position, well over 2-year worth of bond redemptions Bond redemption schedule Cash position ¥5.8T*¹ 702.6 5,141.6 Jun 2023 Undrawn commitment line *2 ^ Bond redemptions for the next 2 years (¥2.0T) 1,155.3 Jul 2023 - Jun 2024 After 1 year 824.8 Jul 2024 - Jun 2025 After 2 years 861.7 SoftBank Jul 2025 - Jun 2026 After 3 years 664.3 Group (\ B) Jul 2026 - Jun 2027 After 4 years *1 Cash and cash equivalents + short term investments recorded as current assets + undrawn commitment line. SBG stand-alone basis (excl. SB Northstar; however, incl. its cash and cash equivalents). *2 The total size of commitment line is equivalent to ¥702.6B as of Jun 30, 2023, none of which is drawn. Finance 11#15=SoftBank Status of Cash Deposit Surplus funds continue to be deposited across several high-credit banks and mainly managed in USD Breakdown of cash position*¹ Subsidiaries*2 JPY USD 5.1 0.6 0.9 3.6 (¥ T) Major deposit banks Mizuho SMBC MUFG Bank SMTB CACIB BNP Paribas Barclays and others 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% Average interest rates*3 for SBG USD deposits, etc. 1.4% 2.9% 4.5% 4.9% 5.2% Return US 2-year 4.9% treasury yield 3.8% Group FY2023 Q1 FY2022 Q1 FY2022 Q2 FY2022 Q3 FY2022 Q4 FY2023 Q1 *1 Cash position = cash and cash equivalents + short-term investments recorded as current assets (such as investments from asset management subsidiaries). SBG stand-alone basis (excl. SB Northstar; however, incl. its cash and cash equivalents). *2 Incl. SB Northstar's cash and cash equivalents. *3 Quarter-end weighted average of interest rates from each bank. US 10-year treasury yield Finance 12#16Breakdown by Currency Investments and monetization, debt financing and repayments are in principle made in the same currency. Investments and monetization Cash position : ¥5.1T*1 Equity value of holdings : ¥16.9T*3 Subsidiaries*2 EUR JPY JPY 71% USD 84% USD Excl. asset- backed finance SoftBank EUR Debt composition Debt*4: ¥6.6T USD 15% 72% Group JPY (Note) As of Jun 30, 2023. Converted to JPY at 1$=¥144.99 and 1€ =¥157.60. *1 Cash position = Cash and cash equivalents + short-term investments included in Current assets (investments from asset management subsidiaries, etc.). SBG stand-alone basis (excl. SB Northstar; however, incl. its cash and cash equivalents). *2 Incl. SB Northstar's cash and cash equivalents. *3 SBG stand-alone equity value of holdings. See Appendix "LTV Calculation: SBG Stand-alone Equity Value of Holdings" for details. *4 SBG stand-alone interest-bearing debt (excl. interest-bearing debt of subsidiaries) as of June 30,2023. Finance 13#17Impact of Forex (FY2023 Q1) Weaker JPY increased NAV and equity FX losses are recorded mainly related to foreign currency-denominated borrowings from group companies On NAV +¥1.3T SoftBank On accounting Equity +¥1.3T Consolidated net income -¥0.5T Group Finance 14#18Debt Fixed/Floating Ratio No risk of surge in interest payments amid short-term interest rate rise Fixed/Floating Ratio of SBG Stand-Alone Interest-Bearing Debt*1 Floating rate; USD $0.1B interest payment increase with a 1% rise in USD interest rate, which will be offset by higher interest income on USD deposits 14% 10% SoftBank Fixed rate 76% *1 Interest-bearing debt outstanding at SBG and subsidiaries conducting fund procurement as of Jun 30, 2023 (incl. margin loans and excl. prepaid forward contracts). *2 Includes commercial papers. *3 Estimated increase in interest payment for JPY-denominated floating rate debt for 12 months. Group Floating rate; JPY*2 ¥8.8B interest payment increase with a 1% rise in JPY interest rate*3 Finance 15#19● ● =SoftBank Bond Redemption Schedule Bond issuances will be managed with due consideration for cash position and market environment 1,553.4 ● (¥ B) Refinance completed (FY2023 Q1) 705.3 290.0 Redeemed -15.4- 399.9 702.1 252.1 450.0 999.4 322.4 177.0 500.0 1,099.3 166.4 405.0 527.9 465.0 253.7 211.2 302.3 222.0 1,029.1 538.9 153.9 385.0 Domestic senior bonds Domestic subordinated bonds Domestic hybrid bonds Foreign currency-denominated senior notes Foreign currency-denominated hybrid notes Secondary Repurchase (FY2023 Q1) Total approx. ¥34.7B equiv.*1 194.4 FY2023 FY2024 FY2025 FY2026 FY2027 FY2028 FY2029 *1 Converted to JPY by using average exchange rate of FY2023 Q1. Currency breakdown is ¥23.0B in domestic, €43M in EUR (¥6.4B equiv.), and $38M in USD (¥5.3B equiv.). Outstanding balance as of Jun 30, 2023. Excl. bonds repurchased. Prepared on the assumption that hybrid bonds will be redeemed on the first call dates. For foreign-currency notes, the contracted swap foreign exchange rate is used where applicable. Converted at 1$=¥144.99 and 1€ =¥157.60 elsewhere. 66.9 66.9 FY2030 FY2031 FY2032 FY2033 194.4 Group Finance 16#20Funding and Fund Management Plans in FY2023 Funding: Procurement mainly for refinancing Surplus fund management: Propelling diversification Funding Bonds Loans Asset-backed finance Surplus Fund Management SoftBank The focus is on refinancing. No plans for active fundraising at this moment Domestic: Approx. ¥400.0B of domestic senior retail bonds to be redeemed in Mar 2024 International: Completed refinancing of hybrid bonds. No plans at this moment Annual renewal of commitment lines planned in FY2023 Q2. Group Continue to consider diversification of fundraising utilizing ample net-asset Mainly managed in USD deposits at this moment Deposited across several high-credit financial institutions Continue to work on diversifying surplus fund management Finance 17#21LTV Management Policy Continue LTV management with a comfortable buffer, even after resuming investments 25% 15.2% LTV average of the past four years 0% Jun Sep Dec Mar 2021 2021 2021 2022 2022 Jun Sep 2022 = SoftBank To an appropriate level of leverage 8.0% (All-time low) Jun Dec Mar 2022 2023 2023 Group Finance 18#22SB SBG Stand-alone Interest-bearing Debt*1 =SoftBank Slight increase in SBG stand-alone interest-bearing debt due to procurement of hybrid instruments for refinancing (\ B) Northstar 15,842.9 8,784.1 4.2 7,054.5 12,065.7 5,400.5 6,665.2 11,250.0 4,901.0 6,349.0 12,691.7 6,329.0 6,362.7 14,083.3 7,442.8 6,640.5 Non- recourse to SBG Main changes from Mar 2023 • Issuance of hybrid bonds and borrowing of hybrid loans +¥275.1B*2 Entry into prepaid forward contracts +$4.4B (Alibaba) Breakdown (Jun 30, 2023) SBG borrowings Bank loan Hybrid loan Others Subtotal SBG bonds and CPs Domestic senior bonds Domestic subordinated bonds Domestic hybrid bonds Foreign currency bonds CPS Subtotal SBG lease liabilities Subsidiaries' debt Financial liabilities relating to prepaid forward contracts Collar transactions using DT shares Margin loan using SBKK shares Asset-backed finance using Arm shares Others Subtotal 294.2 134.8 0 429.0 2,252.8 1,017.4 807.1 1,873.1 189.0 6,139.3 10.4 I 5,238.21 481.51 497.8! 1,225.3₁ 61.7 Group (\B) vs. Mar 31 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 7,504.5 Total 14,083.3 *1 Includes only interest-bearing debt and lease liabilities to third parties. *2 Both are recorded in their entirety as SBG stand-alone interest-bearing debt. 50% is deducted from interest-bearing debt when calculating the adjusted SBG stand-alone net interest- bearing debt as an adjustment for hybrid finance. See Appendix "LTV Calculation: Details of SBG Stand-alone Net Debt" for details. -3.9 +51.1 +47.2 -20.6 -20.2 +218.2 +20.0 +28.0 +225.3 -0.3 +974.6 +40.2 +0.3 +98.7 +5.6 +1,119.4 +1,391.6 Finance 19#23SBG Stand-alone Cash Position Ample cash position exceeding ¥5T (\B) Cash position of SB Northstar 3,944.8 127.1 3,817.6 3,637.4 76.6 = 3,560.8 3,173.4 35.6 3,137.8 4,528.4 41.9 4,486.5 5,171.3 29.6 5,141.6* Investments from SB Northstar, etc. Main changes from March 2023 Increase • New Alibaba prepaid forward contracts +$4.4B •Issuance of hybrid bonds and borrowing of hybrid loans +¥275.1B •Sale of SB Energy (85% of ownership) +¥102.0B SoftBank •Tax, etc. -¥289.6B Decrease Group •Investments at SVF2/LatAm, SBG, etc. -$1.8B •Bond buyback and redemptions at maturity -¥153.0B equiv. Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 (Note) Cash position cash and cash equivalents + short-term investments recorded as current assets (such as investments from asset management subsidiaries). SBG stand-alone basis Finance 20 * Incl. cash and cash equivalents of SB Northstar from Jun 30, 2023 (¥248.3B)#24SBG Stand-alone Net Interest-bearing Debt Adjusted net debt significantly decreased to a low of ¥1.4T (\ B) 12,021.0 8,871.8 3,149.2 8,504.9 5,549.1 2,955.7 8,112.2 5,030.2 3,082.0 8,205.2 6,458.2 1,746.9 8,941.6 7,588.6 1,353.0 SoftBank Jun 2023 Finance-related adjustments Asset-backed finance, etc. ¥7,442.8B Hybrid finance ¥145.9B*1 Adjusted SBG stand-alone net debt (used for LTV calculation) Jun 2022 Sep 2022 Dec 2022 Mar 2023 (Note) •SBG stand-alone cash position excl. SB Northstar; however, incl. its cash and cash equivalents. 1 Hybrid bonds for which early redemption has been notified are recorded in their entirety as interest-bearing debt. (USD Perpetual Hybrid NC6 Notes (redemption date: July 19, 2023) and 2nd domestic hybrid bonds (redemption date: September 16, 2023)). See Appendix "LTV Calculation: Details of SBG Stand-alone Net Debt" for details. Group Finance 21#25Historical SBG Credit Rating Acquisition of A+ Japan Telekom A A- BBB+ BBB BBB- BB+ BB BB- B+ J I (CY) (Note) As of Aug 8, 2023 Acquisition of Vodafone KK 1 Acquisition of Sprint Acquisition Of Arm I I I I 1 I Listing of SBKK '03 ¹04 ¹05 ¹06 ¹07 ¹08 ¹09 ¹10 ¹11 ¹12 ¹13 ¹14 ¹15 ¹16 ¹17 ¹18 ¹19 ¹20 ¹21 ¹22 ¹23 S&P Downgrade (May 2023) SoftBank JCR (A-) Outlook Stable (since Jan 2023) S&P (BB) Outlook Stable (since May 2023) Group Finance 22#26Communication with Rating Agencies (JCR and S&P) Our management team continues close dialogue with rating agencies Rating agencies' concerns Proportion of listed assets not recovering LTV deteriorating with a significant decline in portfolio value Liquidity worsens as investment grow rapidly amid delays in recovering money from the funds Further deterioration in overall investment environment ● ● =SoftBank Our current status Expected to recover significantly when Arm's proposed initial public offering is completed*1 Group The lower % of listed shares is mainly due to monetization. Proceeds are preserved as cash deposits, the most liquid asset Significant improvement in LTV to 8.0% through defensive financial management Controlling investment pace even after resuming investments Secured cash position of approx. ¥6T Performance of listed shares recovering YTD The fund business shows signs of bottoming out *1 The size and price range for the proposed offering have yet to be determined. The initial public offering is subject to market and other conditions and the completion of the SEC's review process. For details of Arm IPO plans, see SBG's press release "Confidential Submission of Draft Registration Statement on Form F-1 by Arm Limited" dated on May 1, 2023 (https://group.softbank/en/news/press/20230501). Finance 23#27SBG Credit Spread Tightening trend even after S&P's credit downgrade Spread of SBG foreign currency- denominated senior notes 700 600 500 400 300 200 100 bps AM -USD 1.4Y -USD 4.9Y EUR 0.9Y -EUR 5.9Y Th -USD 2.9Y -USD 7.9Y -EUR 3.4Y -EUR 8.9Y S&P Downgrade 500 450 400 350 300 250 200 150 100 50 bps SBG 5-year CDS S&P Downgrade SoftBank -SBG 5Y CDS (JPY) Group 0 0 Jan 2023 Jul 2023 Mar 2023 May 2023 Jan 2023 Mar 2023 May 2023 Jul 2023 (Note) As of Aug 7, 2023. Created by SBG based on Z-Spread from Bloomberg for the senior foreign currency-denominated bonds issued in Jul 2021, and spread from Capital IQ for CDS. Finance 24#28FY2023 Financial Strategy Adhering to financial policy SoftBank Financial management adaptable to both Defense and Offense Group Finance 25#29Adherence to Financial Policy 1 2 3 =SoftBank Maintain LTV below 25% in normal times (upper threshold of 35% even in times of emergency) Group Maintain at least 2-year worth of bond redemptions in cash Secure recurring distributions and dividend income from SVF and other subsidiaries Finance 26#30Respond to Both Defense and Offense Defense against further downside =SoftBank Invest in the Information Revolution, while maintaining financial stability Maintain LTV below 25% in normal times (LTV = 8.0% as of Jun 30, 2023) Maintain at least 2-year worth of bond redemptions in cash (Cash position = ¥5.8T as of Jun 30, 2023) Group Finance 27#31Capital Allocation STOCK AGREEMENT New 20. by and bewe investments THIS AGREEMENT is PURCHASE NESS to this (hereinafter - referred to as day of corporation, which Corporat WHEREAS, the Seller is the record outstanding shares of the capital stock of as the "Corporation"), a capital stock of shares of S par value common stock/ WHEREAS, the Purchaser desires to purchase said stock and the Se to sell said stock, upon the terms and subject to the conditions here JE stion of the mutual covenants in order to consu res UNDERVALUED Sho wnership Market EQUITY F retuba CONTROL Capital Financial policy (Financial stability) SoftBank Endeavor to strike a balance Group *The level of NAV discount is also considered Finance 28#32SBG Income Taxes Paid on a Consolidated Basis (Net) Consolidated Japan SBG and intermediate holding companies (wholly owned subsidiaries) Operating companies (mainly SoftBank Corp. and Yahoo Japan Corporation) Overseas FY2018 415.4 284.3 36.8 247.5 131.1 FY2019 636.3 575.2 324.7 250.5 61.1 FY2020 445.5 310.5 35.7 274.8 135.0 FY2021 589.3 551.2 200.0 351.2 38.1 FY2022 525.9 469.7 214.2 255.5 56.2 = SoftBank (\ B) Total of 5 fiscal years 2,612.4 2,190.9 811.4 Group 1,379.5 421.5 (Note) The amounts are the net amount 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. ¥83.9B of income taxes refunded for FY2018, and ¥121.1B of income taxes refunded for FY2020 were netted out with income taxes paid for the previous fiscal years as these income taxes refunded were returned from the income taxes paid for the previous fiscal years. Cash tax of ¥229.2B paid by SBG in FY2023Q1 based on FY2022 taxable income is not included in FY2022 income taxes paid in the table above. Finance 29#33(Ref.) Top 10 Consolidated Corporate Income Tax Payments (FY2018-2022) 1 2 3 4 LO 5 6 7 8 9 10 TOYOTA MOTOR NTT SoftBank Group INPEX KDDI Company Sumitomo Mitsui Financial Group Honda Motor Mitsubishi UFJ Financial Group JAPAN POST HOLDINGS Sony Group FY2018 836.6 613.4 415.4 388.1 288.7 283.8 263.6 302.0 367.2 210.5 FY2019 777.5 488.3 636.3 443.9 304.0 285.8 230.5 128.1 221.5 216.9 FY2020 810.1 524.3 445.5 218.1 331.4 135.7 206.3 124.7 168.6 119.1 FY2021 809.8 434.3 589.3 352.7 367.1 268.7 203.1 220.1 274.8 269.9 =SoftBank Group (\B) Total of 5 fiscal years 4,531.2 2,798.7 2,612.4 2,308.8 1,580.7 1,358.4 1,304.8 FY2022 1,297.2 738.4 525.9 906.0 289.5 384.4 401.3 477.5 124.6 297.9 1,252.5 1,156.8 1,114.3 (Note) Source: S&P Global Capital IQ Criteria: (1) Listed companies in Japan, (2) Numbers based on income taxes paid and income taxes refunded from consolidated statements of cash flows, (3) Top 10 companies in terms of total income taxes paid for FY2018 to FY2022. SoftBank Group: ¥83.9B in FY2018 and ¥121.1B in FY2020 of income taxes refunded were netted out with income taxes paid for the previous fiscal years as these income taxes refunded were returned from the income taxes paid for the previous fiscal years. Finance 30#34Appendix#35Calculation of Equity Value of Holdings as of Jun 30, 2023 $1 = ¥144.99 (¥T) ¥16.9T (adjusted) Deutsche Telekom 0.2 ¥23.8T (unadjusted) Prepaid Forward Contracts, etc 5.2 Margin Loans, etc. 1.7 SBKK 2.4 SVF1 3.0 SVF2 4.0 LatAm Funds 0.9 T-Mobile 1.2 Arm 3.7 Others 1.4 Jun 2023 Equity value of holdings Equity value of holdings (adjusted) (unadjusted) •¥0.02T- ¥2.4T ¥3.0T = ¥4.0T ¥0.9T = ¥1.2T = •¥0.2T = = ¥4.3T ¥3.0T ¥3.0T ¥4.0T ¥0.9T ¥1.6T ¥0.7T 355M shares held*1 ¥4.9T 1,915M shares held X Equivalent asset value of each fund X 225M shares held Fair value Share price $83.35*1 Share price ¥1,540 Performance fees accrued, etc. X X 43M Share price Contingent shares held *2* $138.90 + consider- ration *3 SBG's interest Share price €19.976 SBG's interest =SoftBank Adjustment for asset-backed finance Prepaid forward contracts, etc. ¥4.3T Margin loans, etc. ¥0.6T d' w '▬ ▬ ▬ min Collar contracts ¥0.4T BO▬▬▬▬▬▬▬ Collar transactions ¥0.5T Asset-backed finance ¥3.7T = (Note) See Appendix "LTV Calculation: SBG Stand-alone Equity Value of Holdings" and "LTV Calculation: SBG Stand-alone Net Debt" for details of each calculation. *1 The number of Alibaba ADSS equivalent to the number of shares held by SBG and the ADS price *2 Includes the number of shares subject to call options held by Deutsche Telekom *3 Fair value of the right of SBG and its subsidiary to acquire T-Mobile shares under certain conditions Group ¥1.2T Finance 32#36LTV Calculation: SBG Stand-alone Equity Value of Holdings (¥ T) (L) Adjusted SBG stand-alone net debt (V) Adjusted SBG stand-alone equity value of holdings*1 Adjusted SBG stand-alone equity value of holdings 16.90 Major assets 7.50 Alibaba +4.29 SBKK +2.95 Asset-backed finance -4.27 Asset-backed finance -0.56 Alibaba (adjusted) +0.02 SBKK (adjusted) +2.39 +4.88 Deutsche Telekom +0.71 Arm Asset-backed finance -0.48 Asset-backed finance -1.23 Deutsche Telekom (adjusted) +0.23 Arm (adjusted) +3.66 + ¥1.35T ¥16.90T SBG's interest in SVF1&2 & LatAm Funds 7.98 =8.0% T-Mobile +1.62 Asset-backed finance -0.41 T-Mobile (adjusted) +1.20 + SVF1 SVF2 LatAm Funds +3.03 +4.04 +0.91 SoftBank Other Investments in listed stocks, etc. 1.42 (Note) As of Jun 30, 2023 *1 See Appendix "LTV Calculation: Details of SBG Stand-alone Equity Value of Holdings" for details of adjusted SBG stand-alone equity value of holdings for each asset. Group Finance 33#37LTV Calculation: Details of SBG Stand-alone Equity Value of Holdings (1/2) Assets (a) Alibaba Before adjustment Adjustment for asset-backed finance (b) SBKK Before adjustment Adjustment for asset-backed finance (c) SVF1 (d) SVF2 (e) LatAm Funds (f) Arm Before adjustment Adjustment for asset-backed finance (Note) As of Jun 30, 2023 =SoftBank Value Calculation method 0.02 4.29 Multiplying the number of Alibaba ADSS equivalent to the number of shares held by SBG by the ADS price 2.39 2.95 -0.56 3.03 4.04 0.91 3.66 4.88 -1.23 Group (\T) Sum of the outstanding maturity settlement amounts (calculated by using the company's -4.27 share price (ADS price) as of Jun 30, 2023) of the prepaid forward contracts (floor contracts, collar contracts, forward contracts, and call spread) using Alibaba shares (¥4,265.2B) Multiplying the number of SBKK shares held by SBG by the share price Equivalent amount of outstanding debt for margin loans using SBKK shares, etc. (¥560.9B) SBG's share of the equivalent value of assets held by SVF1+ performance fees accrued, etc. SBG's share of the equivalent value of assets held by SVF2, etc. SBG's share of the equivalent value of assets held by LatAm Funds + performance fees accrued The fair value of Arm shares held by SBG, which is calculated based on the fair value of all shares of Arm calculated at SVF1 (SBG's interest in outstanding shares before dilution: 75.01%) Equivalent amount of outstanding debt for the borrowings made through asset-backed finance using Arm shares held by SBG (¥1,225.3B) Finance 34#38LTV Calculation: Details of SBG Stand-alone Equity Value of Holdings (2/2) Assets (g) T-Mobile Before adjustment Adjustment for asset-backed finance (h) Deutsche Telekom Before adjustment Adjustment for asset-backed finance (i) Others Adjusted SBG stand-alone equity value of holdings (Note) As of Jun 30, 2023 Value Calculation method 1.20 1.62 -0.41 0.23 0.71 -0.48 1.42 =SoftBank summing - Value of SBG's shareholding (incl. the number of shares subject to call options held by Deutsche Telekom (DT): 34,971,809 shares as of Jun 30, 2023) × the share price - Fair value of SBG's right to acquire 48,751,557 T-Mobile shares for no additional consideration under certain conditions Group 16.90 Sum of (a) through (i) on Finance pages 34 and 35 (¥ T) minus - Balance of derivative financial liabilities related to unexercised call options held by DT - Maturity settlement amount of the prepaid forward contracts (collar contracts) using T-Mobile shares (calculated by using the company's share price) (¥414.9B) Number of DT shares held by SBG x the share price Deducting maturity settlement amounts of collar transactions using DT shares executed in Oct 2021 (¥479.4B) Listed shares: multiplying the number of shares held by SBG by each share price Unlisted shares: fair value (the carrying amount in SBG's balance sheet for those not measured at FVs) of shares, etc. held by SBG SB Northstar: SBG's share of SB Northstar's NAV plus the value of NVIDIA Corporation shares held by SBG multiplied by its share price •SB Northstar's cash and cash equivalents and interest-bearing debt, other than margin loans and prime brokerage loans, are treated as net interest-bearing debt of SBG and not included in the calculation of SB Northstar's NAV. There is no balance of margin loans and prime brokerage loans of SB Northstar as of June 30, 2023. Finance 35#39LTV Calculation: SBG Stand-alone Net Debt (T) (L) Adjusted SBG stand-alone net debt*1 (V) Adjusted SBG stand-alone equity value of holdings Adjusted SBG stand-alone net debt 1.35 SBKK +4.71 Arm -0.27 SVF1 +0.55 SVF2 +0.76 Consolidated net debt 14.70 LatAm Funds -0.00 Other +0.01 ¥1.35T ¥16.90T = 8.0% Net debt at self- financing entities 5.76 =SoftBank Other adjustments 7.59 Adjustments for hybrid finance *2 +0.15 Adjustments for asset-backed finance *2 +7.44 (Note) As of Jun 30, 2023 *1 The presented net debt only includes debts to third parties. The presented net interest-bearing debt excludes the amount calculated as deposits for banking business less cash position at PayPay Bank. *2 See Appendix "LTV Calculation: Details of SBG Stand-alone Net Debt" for details. Group Finance 36#40LTV Calculation: Details of SBG Stand-alone Net Debt SBG stand-alone net debt (before adjustment) Adjustment for hybrid finance Adjustments for asset- backed finance Alibaba shares Arm shares T-Mobile shares Deutsche Telekom shares SBKK shares Adjusted SBG stand-alone net debt 8.94 -7.44 -4.76 -1.23 -0.41 Consolidated net interest-bearing debt, net of interest-bearing debt at self-financing entities*¹ For hybrid bonds and hybrid loans with maturity dates, deduct 50% from interest-bearing debt; as the entire amount is recorded as interest-bearing debt in the consolidated financial statements. As for perpetual bonds, add 50% to interest-bearing debt; as the entire amount is recorded as -0.15 equity in the consolidated financial statements. Hybrid bonds for which early redemption has been notified are recorded in their entirety as interest-bearing debt. (USD Perpetual Hybrid NC6 Notes (early redemption date: July 19, 2023) and 2nd domestic hybrid bonds (early redemption date: September 16, 2023)). -0.48 -0.56 1.35 SoftBank Financial liabilities relating to prepaid forward contracts (floor contracts, collar contracts, and forward contracts) using Alibaba shares (¥4,764.7B) Amount equivalent to the outstanding debt balance of the borrowings made through asset- backed finance using Arm shares (¥1,225.3B) Group (\T) Financial liabilities relating to prepaid forward contracts (collar contracts) using T-Mobile shares (¥409.8B) (Note) As of Jun 30, 2023 *1 SB Northstar's cash and cash equivalents and interest-bearing debt, other than margin loans and prime brokerage loans, are treated as SBG stand-alone net interest-bearing debt. There is no balance of margin loans and prime brokerage loans of SB Northstar as of June 30, 2023. Financial liabilities recorded as borrowings relating to collar transactions using Deutsche Telekom shares executed in Oct 2021 (¥481.5B) Equivalent amount of debt outstanding for margin loans using SBKK shares, etc. (¥561.5B) Finance 37#41Adjustment for Asset-backed Finance in LTV and NAV Calculation Non-recourse asset-backed finance is deducted from debt. Value of assets required for settlement is deducted from assets Main shares used Nature Amounts deducted from debt Amounts deducted from assets If share price falls Alibaba ● Funding through variable prepaid forward contracts (non-recourse to SBG) ● ● 1 ● Collar/Forward/Put transactions ● *1 Carrying amount on BS Fixed regardless of the share price Estimated settlement amount at maturity based on the quarter-end share price Fluctuates depending on the share price Settlement amount decreases if the share price falls below the floor price Neither additional collateral or prepayment are required SBKK, Arm Funding by pledging shares as collateral (non-recourse to SBG) ● ● 2 Margin loan, etc. ● Equivalent to the value of assets required for repayment (amount of debts recorded on BS) ● Carrying amount on BS Fixed regardless of the share price Additional collateral and/or prepayment is required if the share price falls below a certain level Total repayment amount is fixed (Note) As of Jun 30, 2023 *1 Contracts to buy or sell shares at a pre-agreed price (forward) or a price range (collar/put) at maturity (2 23.8 5.2 1.7 16.9 Asset-backed finance ¥6.9T Equity value of holdings 2 =SoftBank Used for LTV and NAV calculation 8.9 5.7 1.7 1.4 Net debt Group (\ T) Asset-backed finance ¥7.4T Hybrid finance ¥0.1T Finance 38#42(Ref.) Forward Transaction / Collar Transaction Objective Outline Forward transaction Collar transaction ● ● Non-recourse financing using derivatives =SoftBank Transaction where parties agree to settle at a pre-specified price or price range at a specific date in the future Finance through pledged shares and derivatives referencing them Settlement at maturity is available in cash or in kind, in principle Settlement amount at maturity decreases when share price falls and increases when share price rises Settlement of pledged shares at a pre-agreed forward price Settlement price is fixed regardless of a change in the pledged share price. No upside can be enjoyed from the future share price appreciation Settlement of pledged shares at a pre-agreed price range Settlement is available at a floor price if the share price falls. Upside from the share price appreciation is limited to the cap price Group Finance 39#43Consolidated Interest-bearing Debt/ Cash Position/ Net Interest-bearing Debt Consolidated Interest-bearing Debt*1 SBG stand-alone Incl. SB Northstar SVF1&2 and LatAm Funds SoftBank Segment Others (Arm, etc.) Total Cosolidated Cash Position*2 SBG stand-alone Incl. SB Northstar SVF1&2 and LatAm Funds SoftBank Segment Others (Arm, etc.) Total Consolidated Net Interest-bearing Debt*³ SBG stand-alone Incl. SB Northstar SVF1&2 and LatAm Funds SoftBank Segment Others (Arm, etc.) Total Jun 2022 Jun 2022 Jun 2022 15,842.9 4.2 1,413.4 6,220.2 374.4 23,850.9 3,944.8 127.1 73.3 1,248.8 667.1 5,934.1 11,898.1 -122.9 340.1 4,971.3 -292.7 17,916.8 Sep 2022 Sep 2022 Sep 2022 12,065.7 1,481.1 6,135.0 178.2 19,860.0 3,637.4 76.6 50.2 1,392.5 647.8 5,727.9 8,428.3 -76.6 1,431.0 4,742.5 -469.6 14,132.1 Dec 2022 Dec 2022 Dec 2022 11,250.0 1,319.9 6,209.6 165.2 18,944.8 3,173.4 35.6 102.6 1,825.4 366.1 5,467.5 8,076.6 -35.6 1,217.4 4,384.2 -200.9 13,477.3 Mar 2023 Mar 2023 Mar 2023 12,691.7 1,322.7 6,134.7 166.1 20,315.2 4,528.4 41.9 112.0 1,702.2 383.0 6,725.5 8,163.3 -41.9 1,210.7 4,432.5 -216.8 13,589.7 =SoftBank Jun 2023 Jun 2023 Jun 2023 Group (\B) 14,083.3 1,419.9 6,240.6 164.6 21,908.5 (\ B) 5,171.3 29.6 112.9 1,534.8 388.8 7,207.7 (\B) 8,912.0 -29.6 1,307.0 4,705.8 -224.1 14,700.7 *1 The presented interest-bearing debt only includes interest-bearing debt and lease liabilities to third parties, and excludes deposits for banking business at PayPay Bank. *2 The presented cash position is the sum of cash and cash equivalents and short-term investments recorded as current assets, and excludes cash position at PayPay Bank. From June 30, 2023, incl. SB Northstar's cash and cash equivalents in SBG stand-alone cash position. *3 The presented net interest-bearing debt excludes the amount calculated as deposits for banking business less cash position at PayPay Bank. Negative figures indicate net cash. Finance 40