Investor Presentaiton
Partial Sale of T-Mobile Shares and Evaluation at FY20-end
SoftBank
Group
The Company sold (1) and (2) below in FY20Q1 and received JPY 1,830.4 bn. With additional sales of (3) and (4) in Q2,
the Company received JPY 2,099.7 bn in aggregate for FY20Q1-Q2.
Number
of
shares
(mil)
Share-
holding
ratio *1
Total
amount of Date of
sale
sale
(USD mil)
P/L (FY20) (JPY bn)
Gain relating to
sales of T-Mobile shares
Closing price on Jun 26: USD 105.20 / share
Opening price on Jul 16: USD 104.50/share
Opening price on Aug 3: USD 107.98 / share
Evaluation at FY20-end
(Change for the period
from Jun 26 to FY20-end)
Closing price on Mar 31:
USD 125.29/share
FX on Mar 31: JPY 110.71 / USD
FY20-end
B/S
Gain (loss)
on sale
Revaluation
of shares
held
Derivative
gain (loss)
Valuation gain
Derivative
gain (loss)
Before sale
305
24.7%
(1) Public offering
-154
-12.5%
15,877
Jun 26
280.3
(2) Private offering
-19
-1.6%
1,667
(3) Sale to Marcelo Claure
-5
-0.4%
515
Jul 16
3.0
-3.1
(4) Rights offering
-20
-1.6%
2,034
Aug 3
(derecognized
the derivative
liabilities)
Subtotal
106
8.6%
(5) Call options received by
Deutsche Telekom
-101
-8.2%
296.0
219.6
-154.5
(6) Shares held by the
Company excluding (5)
5
0.4%
(not for sale)
(7) Contingent consideration
+49
Total if (7) is acquired
54
JPY 421.8 bn in total
-36.8
264.4
Change from
Apr 1 to FY20-end
(Assets)
•Shares of (5)(6): Recorded JPY
1.47 tn under "investment securities"
(7): Recorded JPY 460.7 bn
under "derivative financial assets"
JPY 196.3 bn recorded on Apr 1 + JPY
264.4 bn for change in the fair value to
FY20-end
(Liabilities)
(5): Recorded JPY 204.8 bn under
"derivative financial liabilities"
JPY -154.5 bn for derivative loss at time of
sale on Jun 26 + JPY -42.0 bn for change
in the fair value to FY20-end + FX effect
*1 Shareholding ratio of T-Mobile's outstanding shares as of Apr 1, 2020.
* On July 30, 2020, SBG's wholly-owned subsidiary borrowed USD 4.38 bn (margin loan) using the T-Mobile shares held by SBG's wholly-owned subsidiary.
Accounting 6View entire presentation