SoftBank Results Presentation Deck
LTV 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 37View entire presentation