SoftBank Results Presentation Deck slide image

SoftBank Results Presentation Deck

Segment Income - Investment Business of Holding Companies Gain on investments □ ■ ■ ■ ■ P/L ▬▬▬▬▬▬▬ Gain relating to sales of T-Mobile shares Gain relating to settlement of prepaid forward contracts using Alibaba shares Realized loss on sales of investments at asset management subsidiaries Unrealized gain on valuation of investments at asset management subsidiaries Derivative loss on investments at asset management subsidiaries Realized gain on sales of investments Unrealized gain (loss) on valuation of Investments hu Derivative gain (loss) on investments Other Selling, general and administrative expenses Finance cost Income on equity method investments Derivative loss (excluding gain (loss) on investments) Other gain FY19 ‒‒‒‒iii 484.3 1,218.5 - 17.8 -690.7 -66.3 5.0 -75.1 -198.5 657.2 -1.9 FY20 47.7 946.1 -610.7 222.2 wakien20Realized gain on investments SBG made in listed stocks: 222.0 bn HIVHV VI ▬▬▬▬ T 421.8 -20.6 134.2 608.4 185.8 5.0 -102.3 -218.6 601.4 -477.5 11.9 Items 760.9 ……….…‒‒‒‒▬▬▬▬▬▬▬▬▬▬ (1) Gain of 280.3 bn on sales of T-Mobile shares (2) Gain of 296.0 bn on the revaluation of T-Mobile shares continued to be held by the Company (3) Derivative loss of 154.5 bn relating to the call options received by Deutsche Telekom AG for T-Mobile shares held by the Company ▬▬▬▬ ▬▬▬▬ SoftBank Realized loss on sales of investments by SB Northstar (investment in listed stocks) Unrealized gain on valuation of investments by SB Northstar (investment in listed stocks and other instruments) Losses mainly related to call options on listed stocks and short stock index futures contracts at SB Northstar FY20: ---- ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ FY20: Increase of 264.4 bn in the fair value of the right to acquire T-Mobile shares for no additional consideration if certain conditions are met, which was received as part of consideration for the merger between Sprint and T-Mobile ▬▬▬‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒▬▬▬▬▬▬‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒D Segment income (income before income tax) 913.7 *1 Ant Small and Micro Financial Services Group Co., Ltd. (currently Ant Group Co., Ltd.) Group (JPY bn) FY20: •Unrealized gain on T-Mobile shares continued to be held by the Company: 219.6 bn (for the period from June 26, 2020 to FY20-end) •Unrealized valuation gain on following companies: Social Finance, Inc. +124.4 bn. Lemonade, Inc. +73.0 bn. Berkshire Grey, Inc. +49.5 bn Unrealized gain on investments SBG made in listed stocks: 42.3 bn ▬VW ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒ Interest expenses increased mainly due to an increase in interest-bearing debt as a result of wholly owned subsidiaries conducting fund procurement entering into several prepaid forward contracts using Alibaba shares from Apr to Aug 2020 with financial institutions. FY19: Income on 277.2 bn related to acquiring Ant Financial*¹ shares by Alibaba FY20: Income on equity method investments related to Alibaba 572.5 bn (Negative impact of 72.4 bn on income on equity method investments as Alibaba recorded an expense in FY20Q4 for the fine levied pursuant to China's Anti-Monopoly Law, which the Company recorded for FY20Q4 as a significant event in the staggered period) FY20: Derivative loss of 504.0 bn in connection with several prepaid forward contracts using Alibaba shares entered into in Nov 2019 and from Apr to Aug 2020 (including the impact of amendments of the contracts in Oct and Nov in 2020) Accounting 5
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