Investor Presentaiton
Price Sensitivity of Derivatives at SB Northstar (FY20-end)
SoftBank
The below table shows the impact on income before income tax of changes in the market prices of the underlying assets from March 31,
2021 of options, total return swap contracts, and forward contracts related to listed stocks at SB Northstar, assuming all other variables
remain unchanged.
(JPY bn)
Group
Fair value at the end of
the period (minuses
indicate liabilities)
Assumption of change
in market price
30% increase
Estimated fair value
after factoring in
assumptions
(minuses indicate
liabilities)
Impact on income
before income tax
Notional principal
525.4
348.7
Long call option of listed
stocks in asset management
subsidiaries
10% increase
275.4
98.8
176.6
1,482.0
10% decrease
104.4
-72.2
30% decrease
27.1
-149.5
30% increase
-60.2
-50.9
Short call option of listed
10% increase
-20.5
-11.2
stocks in asset management
subsidiaries
-9.3
-297.9
10% decrease
-3.3
5.9
30% decrease
-0.1
9.1
30% increase
86.3
84.7
Total return swap contracts
related to listed stocks
10% increase
29.9
28.2
1.7
280.6
in asset management
subsidiaries
10% decrease
-26.6
-28.2
30% decrease
-83.0
-84.7
30% increase
8.2
3.8
Forward contracts related to
10% increase
5.6
1.3
listed stocks
4.4
8.3
in asset management
10% decrease
3.1
-1.3
subsidiaries
30% decrease
0.6
-3.8
Accounting 9View entire presentation