SoftBank Results Presentation Deck

Investment in Listed Stocks and Other Instruments • In order to diversify assets and manage surplus funds, investments were initially made directly by SBG and later by asset management subsidiary SB Northstar from Q2. ● • SB Northstar is engaged in acquiring and selling listed stocks and other instruments, derivative and credit transactions related to listed stocks. • Accounts in B/S, P/L and C/F are as follows. SBG (FY20Q1-) B/S P/L C/F Non-current assets Investment securities Gain (loss) on investments at Investment Business of Holding Companies • Realized gain (loss) on sales of investments • Unrealized gain (loss) on valuation of investments C/F from investing activities • Payments for acquisition of investments • Proceeds from sale/redemption of investments SB Northstar (FY20Q2-) Current assets B/S P/L C/F •Investments from asset management subsidiaries (stocks) • Securities pledged as collateral in asset management subsidiaries • Derivative financial assets in asset management subsidiaries Other financial assets (margin deposits and restricted cash) Non-current assets SoftBank • Derivative financial liabilities in asset management subsidiaries Other financial liabilities (borrowed securities) • Other financial assets (investments from asset management subsidiaries (convertible bonds)) * Since no repetitive trading is expected. Current liabilities Group Gain (loss) on investments at Investment Business of Holding Companies Realized gain (loss) on sales of investments at asset management subsidiaries • Unrealized gain (loss) on valuation of investments at asset management subsidiaries • Derivative gain (loss) on investments at asset management subsidiaries C/F from operating activities →As SB Northstar's primary business is to frequently trade marketable securities, investments made by the company are recorded under C/F from operating activities. C/F from investment activities →Cash flows from acquisition of convertible bonds, which are not expected to be traded repeatedly, are recorded under C/F from investment activities. Accounting 7

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