SoftBank Results Presentation Deck
Entry into Agreement for Sale of All Shares in Arm - Accounting
●
• Arm will continue to be classified under continuing
operations (until the closing of the transaction is deemed.
highly probable, such as after obtaining regulatory approvals).
On closing, Arm will cease to be a subsidiary of the
Company: expected to take approx. 18 months to close
following the execution of the Purchase Agreement.
Continuing
operations
(until the closing of the
transaction is deemed
highly probable)
Discontinued
operations
On closing
After
deconsolidation
FY20
Sep 13 (execution of
Purchase Agreement)
The Company's consolidated
Recording 100% of Arm's
financial results
FY21
Approx. 18 months
A subsidiary of the Company
Continuing operations
Impairment tests on goodwill
To be measured at fair value or
carrying amount, whichever is lower
when assets and liabilities are classified
as disposal group held for sale.
The difference between the consideration and carrying amount will be
recorded as gain relating to loss of control under "net income from
discontinued operations."
SoftBank
FY22
Closing
Deconsolidated
Discontinued
operations
SVF1 and Other SBIA-Managed
Funds segment
Group
Recording changes in valuation of Arm
shares of 24.99% held by SVF1 under
"gain (loss) on investments"
: the amount is eliminated in the
Company's consolidated P/L
as Arm is a subsidiary of the Company.
(Reference)
The above changes in valuation is recorded
under "Change in third-party interests in
SVF1" in the consolidated P/L based on a
designated waterfall.
NVIDIA shares to be received will be recorded as financial assets at FVTPL, with its changes in fair value will be
recognized as net income or loss.
Accounting 17View entire presentation