SoftBank Results Presentation Deck
Communication 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
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=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 23View entire presentation