Investor Presentaiton

Structure After Business Integration of Z Holdings Corporation and LINE Corporation SoftBank Group SoftBank Group Consolidated 40.9% *1 SoftBank Consolidated*2 NAVER 50% 50% JV Non-listed company 65.3% Z HOLDINGS Listed company 100% YAHOO! JAPAN 100% LINE * The structure presented is simplified for illustrative purposes. *1 Holding ratio as of March 31, 2021 *2 SBKK holds the right to appoint the majority of the JV's board of directors (three out of five). Accounting 14

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