Earnings Results for the Fiscal Year Ended March 31, 2008 (FY2007) Analyst Meeting. May 9, 2008 SOFTBANK CORP.

Transcription

1 Earnings Results for the Fiscal Year Ended March 31, 28 (FY27) Analyst Meeting May 9, 28 SOFTBANK CORP.

2 2 Content Accounting Finance Operations Items Page Consolidated P/L Analysis 4 Consolidated B/S Analysis 18 Consolidated C/F Analysis 27 CAPEX Status 29 Financial Activities 34 Interest-bearing Debt & Shareholders' Equity Status 38 Investment Results 56 Broadband Infrastructure Segment 63 Fixed-line Telecommunications Segment 73 Mobile Communications Segment 83 Appendices 15

3 Accounting Kazuko Kimiwada General Manager Accounting, Internal Control SOFTBANK CORP. 3

4 4 - Consolidated P/L Analysis - Consolidated B/S Analysis - Consolidated C/F Analysis - CAPEX Status

5 Consolidated P/L summary <PL-1> FY25 FY26 FY27 Total Q1 Q1 Total Net sales 1,18, , ,941 72, ,85 2,544, ,84 71,66 694,2 717,42 2,776,168 Operating income 62,299 54,357 58,194 84,733 73,78 271,65 78,746 89, 92,441 64,98 324,287 (Operating margin) 5.6% 11.% 9.3% 12.1% 1.2% 1.7% 11.9% 12.7% 13.3% 8.9% 11.7% EBITDA 149,913 14,39 124,9 154, 143,26 525, , , , , ,661 (EBITDA margin) 13.5% 21.1% 19.8% 21.9% 19.8% 2.7% 22.6% 23.4% 24.4% 19.9% 22.6% Non-operating income 15,756 12,96 4,54 1,829 4,259 13,531 4,531 5,654 61,231 4,129 69,387 Non-operating expenses 5,564 4,459 26,39 37,637 36, ,173 32,123 34,643 32,84 41, ,6 Ordinary income 27,492 25,994 36,696 48,924 41,88 153,423 51,154 6,1 12,833 26, ,614 Special income 198,524 4,672 66,795 15,788 5,617 92,653 9,514 19,312 4,525 2,289 29,785 Special loss 96,532 1,365 13,895 6,688 15,775 37,53 2,266 14,796 31,24 2,282 62,511 Net income 57,55 1,418 13,21 7,494 6,881 28,815 25,13 21,331 46,734 15,427 18,624 (Net margin) 5.2%.3% 2.1% 1.1% 1.% 1.1% 3.8% 3.% 6.7% 2.2% 3.9% *The items in special income/loss for FY25 and FY26 are shown according to the disclosing manner of FY27. YoY- Key factors for P/L fluctuation 1 Net sales Mobile: JPY 188.8bn increase due to the fact that 12 months of SOFTBANK MOBILE s results were included from FY27 (11 months of results were included in the results of the previous fiscal year), and an increase of mobile handsets sold, etc. Internet Culture: JPY 53.4bn increase due to firm trend in advertising business 2 Operating income Mobile: JPY 18.8bn increase due to the fact that 12 months of SOFTBANK MOBILE s results were included from FY27 (11 months of results were included in the results of the previous fiscal year), and an increase of mobile handsets sold, etc. Internet Culture: JPY 18.6bn increase in operating income due to firm trend in advertising business Broadband Infrastructure: JPY 12.8bn increase in operating income due to continued cost reduction in Yahoo! BB ADSL business 3 Non-operating income Equity in earnings of affiliated companies increased by JPY 53.2bn in relation to the IPO of Alibaba.com Limited in November 27 4 Non-operating expenses Although interest expense increased by JPY 35.3bn, financing related expenses, recorded at JPY 28.7bn in the previous fiscal year, did not occur during FY27 5 Special income Recorded JPY 12.9bn of unrealized appreciation on investments and gain on sale of investments at subsidiaries in the U.S., net ; gain on sale of investment securities amounted to JPY 6.4bn, and JPY 3.7bn was recorded as dilution gain from changes in equity interest 6 Special loss Recorded JPY 26.2bn loss on Otoku Line related assets and impairment loss on leased assets, JPY 21.8bn valuation loss on investment securities 7 Income taxes etc. Recorded current income taxes for Yahoo Japan Corporation etc. of JPY 53.6bn, on the other hand JPY 4.9bn of current income tax for SOFTBANK Holdings Inc. was credited Deferred income taxes for SOFTBANK MOBILE were debited at JPY 77.5bn, credited JPY 39.8bn related to the adoption of the consolidated taxation system in BB Mobile from FY28 5

6 Scope of consolidation/scope of equity method <PL-2> FY7/ Core companies SOFTBANK MOBILE, SOFTBANK BB, SOFTBANK TELECOM, Consolidated subsidiaries 19 Yahoo Japan, Broadmedia(*1), SOFTBANK TECHNOLOGY, ITmedia, etc. Newly consolidated companies 4 Subsidiaries excluded from consolidation 13 Non-consolidated subsidiaries 78 Insignificant companies Non-consolidated subsidiaries under the equity method 3 Entities newly accounted for under the equity method 2 Affiliated companies under the equity method GungHo Online Entertainment, MySpace Japan 64 Alibaba Group Holding Limited(*2), etc. Entities newly accounted for under the equity method 11 Entities no longer accounted for under the equity method 12 Non-consolidated subsidiaries not under the equity method 75 Insignificant companies Affiliated companies not under the equity method 25 Insignificant companies Consolidated subsidiaries Companies under equity method Mobile Communications 5 2 Broadband Infrastructure 5 3 Fixed-line Telecommunications 4 Core group companies SOFTBANK MOBILE (SBM) SOFTBANK BB (SBB) (*3) SOFTBANK TELECOM (SBTM) (*3) Internet Culture Yahoo Japan(*3) e-commerce 7 4 Others Total SOFTBANK BB (SBB) (*3) Vector Carview Broadmedia SOFTBANK TECHNOLOGY ITmedia Main business activities - provide mobile phone service - sales of mobile phones etc. - ADSL, optic fiber and other high speed internet connection services - IP phone service - provide content etc. - voice transmission services - data transmission services - leased circuit - data center business etc. - internet advertisements - broadband portal business - auction business etc. - distribution of Software for PC's and peripheral equipment - e-commerce towards businesses and consumers - broadcast media business - technology service business - media marketing business - overseas fund business - others *1 Changed its company name from Club it Corporation on Oct 1, 27. *2 Changed its company name from Alibaba.com Corporation on Nov 5, 27. *3 SOFTBANK BB Corp., SOFTBANK TELECOM Corp., and Yahoo Japan Corporation are included in the consolidated subsidiaries of the Broadband Infrastructure, Fixed-line Telecommunications and Internet Culture segments respectively, while SOFTBANK BB Corp., SOFTBANK TELECOM Corp., and Yahoo Japan Corporation operate multiple businesses and their operating results are allocated to multiple business segments. 6

7 7 Consolidated net sales <PL-3> Increase due to firm trend of Mobile Communications and Internet Culture segment, achieve JPY 2,7bn, a 9% YoY increase Mobile Communications Broadband Infrastructure Fixed-line Telecommunications 2,9, 2,4, 1,9, 2,544,219 2,776,168 Internet Culture e-commerce 1,4, 9, 1,18,665 Others Elimination 4, (1,) FY25 FY26 FY27 FY25 FY26 FY27 Total Q1 Q1 Total Consolidated net sales 1,18, , ,941 72, ,85 2,544, ,84 71,66 694,2 717,42 2,776,168 Mobile Communications - 232, ,991 43, ,252 1,442,4 391, ,841 46,81 41,26 1,63,851 Broadband Infrastructure 268,451 63,322 65,728 67,266 67,91 264,227 65,747 64,72 64,34 63,98 258,69 Fixed-line Telecommunications 354,233 88,673 93,276 93,712 98, ,129 9,486 9,986 89,979 99,288 37,74 Internet Culture 156,12 44,642 46,676 5,49 52, ,212 52,796 57,623 66,55 7, ,642 e-commerce 283,275 59,142 65,37 65,369 82,21 271,57 61,66 63,812 69,634 75,615 27,723 Others 83,73 2,289 23,785 21,628 25,82 9,785 24,871 26,97 23,184 24,99 99,873 Elimination (36,489) (14,37) (2,554) (26,159) (31,725) (92,746) (24,145) (24,583) (25,75) (27,298) (11,733)

8 Consolidated operating income <PL-4> Increase in 3 telecommunication companies and Internet Culture segment, achieve JPY 32.bn, a 2% YoY increase Mobile Communications 3, 271,65 324,287 Broadband Infrastructure Fixed-line Telecommunications Internet Culture 2, e-commerce 1, 62,299 Others Elimination or Corporate Consolidated operating income (1,) FY25 FY26 FY27 FY25 FY26 FY27 Total Q1 Q1 Total Consolidated operating income 62,299 54,357 58,194 84,733 73,78 271,65 78,746 89, 92,441 64,98 324,287 Operating margin 5.6% 11.% 9.3% 12.1% 1.2% 1.7% 11.9% 12.7% 13.3% 8.9% 11.7% Mobile Communications - 27,293 29,341 56,96 42,22 155,743 43,528 5,691 53,76 26, ,57 Broadband Infrastructure 2,672 5,479 6,189 7,747 7,393 26,89 8,665 1,32 11,39 9,44 39,7 Fixed-line Telecommunications (25,158) 1,212 (916) (2,63) (656) (2,965) (111) 46 1,375 1,615 3,34 Internet Culture 74,19 21,63 22,712 25,11 27,189 96,544 27,148 27,766 28,864 31, ,237 e-commerce 4,86 1,461 1,399 2,1 1,89 6,68 1, ,156 Others (4,759) (717) 547 (4,2) (557) (4,73) (689) 38 (2,617) (1,852) (5,121) Elimination or Corporate (7,54) (2,2) (1,78) (335) (3,599) (7,17) (962) (1,211) (1,59) (3,363) (6,595) 8

9 Consolidated EBITDA <PL-5> Increase in 3 telecommunication companies and Internet Culture segment, achieve JPY 62.bn, a 19% YoY increase Mobile Communications Broadband Infrastructure Fixed-line Telecommunications 7, 5, 525, ,661 Internet Culture 3, e-commerce 149,913 Others 1, Elimination or Corporate Consolidated EBITDA (1,) FY25 FY26 FY27 FY25 FY26 FY27 Total Q1 Q1 Total Consolidated EBITDA 149,913 14,39 124,9 154, 143,26 525, , , , , ,661 EBITDA margin 13.5% 21.1% 19.8% 21.9% 19.8% 2.7% 22.6% 23.4% 24.4% 19.9% 22.6% Mobile Communications - 55,82 73,615 14,82 87, ,484 92,429 14,91 18,3 8, ,466 Broadband Infrastructure 48,91 11,85 12,6 15,48 15,743 55,61 15,962 17,513 18,573 18,264 7,313 Fixed-line Telecommunications 21,496 12,643 1,248 8,939 1,758 42,588 11,14 11,351 12,442 13,65 47,964 Internet Culture 81,637 23,929 25,243 27,67 29,427 16,26 29,65 3,591 31,71 34,56 126,459 e-commerce 5,977 1,995 1,978 1,535 2,256 7,764 1,442 1,27 1, ,35 Others (57) (5) 1,188 (3,52) 225 (1,646) (1,76) (936) (1,72) Elimination or Corporate (7,539) (1,95) (781) (517) (3,367) (6,57) (86) (1,91) (937) (3,236) (6,126) 9

10 Non-operating income/loss <PL-6> Record JPY 55.4bn as equity in earnings of affiliated companies Increase in interest expense, however slight decrease in non-operating expenses Interest income 1, Other non-operating income/expense (net) Foreign exchange gain/loss Equity in earnings (loss) of affiliated companies Financing related expense Stock bailment fees Interest expense 5, (5,) (1,) Non-operating income/expense (net) (15,) FY25 FY26 FY27 FY25 FY26 FY27 Total Q1 Q1 Total Consolidated operating income 62,299 54,357 58,194 84,733 73,78 271,65 78,746 89, 92,441 64,98 324,287 Non-operating income 15,756 12,96 4,54 1,829 4,259 13,531 4,531 5,654 61,231 4,129 69,387 Interest income 2,136 1,88 1, , ,137 Foreign exchange gain , ,62 1,144 1,23 4,981 Equity in earnings of affiliated companies 9,521 9, ,13 1,44 1,696 58,433-55,411 Others 4,99 1,956 3, ,831 8,6 1, ,963 5,857 Non-operating expenses 5,564 4,459 26,39 37,637 36, ,173 32,123 34,643 32,84 41, ,6 Interest expense 27,5 14,61 17,943 2,994 25,981 79,521 26,96 28,413 28,198 27, ,287 Stock bailment fees 2, , ,576 Foreign exchange loss 6, ,686 1, Equity in loss of affiliated companies - - 1,5 2,763 3, ,159 - Financing related expenses - 19,954-8, , Others 14,378 5,166 4,615 3,42 5,842 18,862 4,248 5,357 3,729 6,861 2,197 Non-operating loss (NET) (34,88) (28,362) (21,498) (35,88) (31,972) (117,642) (27,592) (28,989) 28,391 (37,483) (65,673) Consolidated ordinary income 27,492 25,994 36,696 48,924 41,88 153,423 51,154 6,1 12,833 26, ,614 * Interest expense for FY27 is a total of Interest expense and Stock bailment fees surrounded by red lines. * Foreign exchange gain (loss), equity in earnings (loss) of affiliated companies, net are set off quarterly and shown on a net base. 1

11 11 Consolidated ordinary income/loss <PL-7> Operating income increase and improvement in non-operating income/loss, achieve JPY 25.bn, a 69% YoY increase 3, 258,614 2, 153,423 1, 27,492 YoY - Fluctuation factors FY25 FY26 FY27 YoY +15,19 million Increase in operating income JPY +53,221 million Due to the firm trend in SOFTBANK MOBILE s subscriber increase and to the reflection of 12 months of the Mobile Communications business results (11 months of results were included in the results of the previous fiscal year) etc. JPY +18,826 million Increase in non-operating income JPY +55,856 million Equity in earnings of affiliated companies increased in relation to the IPO of Alibaba.com Limited JPY+53,28 million Increase in non-operating expenses JPY (3,887) million Increase interest expense JPY (35,342) million Financing related expenses did not occur during FY27 (FY26 JPY 28,715 million)

12 Special income/loss <PL-8> Special income: unrealized appreciation on investments and gain on sale of investments at subsidiaries in the U.S., net JPY 12.9bn Special loss: loss on Otoku Line related assets JPY 26.2bn, valuation loss on investment securities totaled JPY 21.8bn Special income Special loss Special income/ loss 2, 15, 1, 5, (5,) (1,) FY25 FY26 FY27 FY25 FY26 FY27 Total Q1 Q1 Total Consolidated ordinary income 27,492 25,994 36,696 48,924 41,88 153,423 51,154 6,1 12,833 26, ,614 Special income 198,524 4,672 66,795 15,788 5,617 92,653 9,514 19,312 4,525 2,289 29,785 Gain on sale of investment securities 172,36 3,971 65,234 11,52 2,451 83,16 4, , ,432 Dilution gain from changes in equity interest , ,598 2, ,765 Unrealized appreciation on investments and gain on sale of investments at subsidiaries in the ,474-2, , ,967 U.S., net Other special income ,664 4,641 1, ,272 1,139 6,619 Special loss 96,532 1,365 13,895 6,688 15,775 37,53 2,266 14,796 31,24 2,282 62,511 Valuation loss on investment securities 8, ,948 1,356 1,92 5, ,995 1,594 1,95 21,855 Loss on disposal of fixed assets 8, ,355 5,886 7,695 1,3 2,963 5, ,438 Impairment loss 18, ,818 1,826 1,644 Loss on unused telecommunications supplies ,6-12,6 Unrealized loss on investments and loss on sale of investments at subsidiaries in the U.S., ,483 4,374 - net Loss on bond redemption - - 7,386 3,42-1, Other special loss 61,216 1,221 4, ,764 14,28 1,66 1,836 1,621 3,9 7,534 Special income/loss (NET) 11,992 3,37 52,9 9,99 (1,157) 55,15 7,248 4,516 (26,498) (17,992) (32,726) Income before income taxes and minority interests 129,484 29,32 89,596 58,24 31,65 28,573 58,43 64,527 94,334 8, ,887 *The items in special income/loss for FY6 are shown according to the disclosing manner of FY7. 12

13 13 Consolidated net income/loss <PL-9> Net income exceeds JPY 1bn all-time record, YoY x3.7 15, 18,624 1, 57,55 5, 28,815 Income before income taxes and minority interests FY25 FY25 FY26 FY27 FY26 FY27 Total Q1 Q1 129,484 29,32 89,596 58,24 31,65 28,573 58,43 64,527 94,334 8, ,887 Current 4,753 1,146 7,826 12,552 (44,798) 48,726 2,826 13,982 13,458 18,382 48,649 Deferred 1,837 9,224 (3,182) 27,211 6,423 93,676 2,65 19,9 24,8 (34,342) 29,533 Minority interests in net income 29,342 8,514 8,93 1,765 9,145 37,355 1,38 1,23 9,341 9,153 39,79 Consolidated net income 57,55 1,418 13,21 7,494 6,881 28,815 25,13 21,331 46,734 15,427 18,624 Net margin 5.2%.3% 2.1% 1.1% 1.% 1.1% 3.8% 3.% 6.7% 2.2% 3.9% Total

14 Tax and other adjustments <PL-1> Yahoo Japan Corporation 5,143 SOFTBANK Holdings Inc. (4,97) (reversal of income tax payable, etc.) 2, Income taxes; current 48,649 SBM use of deferred tax assets (loss carryforwards) 55,144 SBM depreciation and amortization adjustments, etc 22,478 BBM adoption of consolidated taxation system (39,831) 1, Income before income taxes & minority interests 225,887 Income taxes; deferred 29,533 Minority interests in net income 39,79 Mainly Yahoo Japan Corporation Net income 18,624 SBM: SOFTBANK MOBILE Corp., BBM: BB Mobile Corp. 14

15 15 Effect of tax adjustments <PL-11> Breakdown of tax expenses (FY7) Item Amount % Outline 1 Income before income taxes and minority interests 225,887 1% 2 Income taxes; Current 48,649 3 Income taxes; Deferred 29,533 Yahoo Japan Corporation 5,143 SOFTBANK Holdings Inc. (4,97) SBM use of deferred tax assets (loss carry-forwards) 55,144 SBM depreciation and amortization adjustments 22,478 BBM recorded in relation to consolidated taxation (39,831) 4 Total tax expenses (=2+3) 78,183 34% (=4/1) Difference in tax rate 1 Statutory income tax rate Change in valuation allowance due to adoption of consolidated taxation system (BBM) 4% (16%) 2 Other change in valuation allowance 7% 3 Amortization of goodwill (mainly SBM) 1% 4 Equity in earnings of affiliated companies (mainly Alibaba Group Holding Limited) NET Effective income tax rate (7%) (6%) 34%

16 Impact of adoption of consolidated taxation* system at BBM <PL-12> 1, 5, Balance of loss carryforwards (BBM) <Consol. parent comp.> 15, 132,77 12,498 12,271 Other temporary differences Corporate tax 3% 15, 1, 5, Balance of deferred tax assets (BBM) Along with the loss carryforwards of BBM, deferred tax assets are based on the future profitability of SBM (1) Record 15, Impact of consolidated taxation system ((1)+(2)) Balance (e/o March 8) Balance of loss carryforwards SBM 39,831 Balance (e/o March 8) Balance of deferred tax assets (SBM) 1, 5, Income taxes; (deferred) in P/L are credited due to increase of deferred tax assets <Consol. subsidiary> 15, 15, Not possible for BBM to utilize the loss carryforwards of SBM 36,698 Balance (e/o March 8) 1, 1, 5, Corporate tax 3% 5, (2) Not possible to utilize 1,442 Balance (e/o March 8) (3,132) Balance (e/o March 8) *Impact of adoption of consolidated taxation in FY28 on FY27 results 16

17 17 Status of loss carryforwards <PL-13> Company name Balance (end of Mar 28) Expiry date BB Mobile 12,271 Mar 29-Mar 215 SOFTBANK TELECOM 82,891 Mar 213-Mar 215 SOFTBANK BB 67,8 Mar 212-Mar 213 SOFTBANK IDC 66,578 Mar 29-Mar 213 Others 18,362 Mar 29-Mar 215 Total 445,182 *Amounts are based on taxable income

18 18 - Consolidated P/L Analysis - Consolidated B/S Analysis - Consolidated C/F Analysis - CAPEX Status

19 Summary consolidated B/S Current assets Current liabilities Current assets Fixed assets Current liabilities Long-term liabilities Equity 1,8, 1,3, 8, 3, -2, Fixed assets 4,, SBM 1,582,744 1,247,433 1,5, , , ,573 Mar 27 Mar 28 1,5, 1,142,93 1,24,74 1,, 48, ,985 5, 662,45 64,719 Mar 27 Mar 28 Long-term liabilities 3,, 3,, 3,59,24 2,973,337 2,, 2,451,712 2,469,472 2,, 2,,516 1,986,51 1,562,942 1,713,534 1,, 1,, 1,58, , ,77 755,937 Mar 27 Mar 28 Mar 27 Mar 28 19

20 Consolidated B/S analysis (1) Current assets Current assets Fixed assets Current liabilities Long-term liabilities Equity e/o Mar 27 e/o Mar 28 Variance Current assets 1,247,433 1,582, ,311 SBM 677,817 1,5, ,354 Others 569, ,573 7,956 Cash and deposits 377, , ,495 SBM 17, , ,52 Others 269, ,18 (15,556) SBB: SOFTBANK BB Corp., SBTM: SOFTBANK TELECOM Corp. Outline Increase provided by operating activities +34,935 Securitization of installment sales receivables (received +28,716, paid (61,697)), Purchase of fixed assets (29,66) Sales and lease back of equip. newly acquired (received +297,922 paid (49,887)), Repayment of SBM loan (78,62) SB stand-alone: e/o Mar 7 85,18 >> e/o Mar 8 57,86 Breakdown: straight bonds issued +9,, exercise of warrants +44,846, repayment of borrowings (65,694), redemption of bonds (43,9), decrease in cash receipts as collateral (2,) Yahoo Japan Corporation: e/o Mar 7 67,486 >> e/o Mar 8 97,227 Breakdown: provided by operating activities +75,538, payment of taxes (49,452) repayment of borrowings (2,) Notes and accounts receivable-trade 583, ,723 33,75 SBM 38, ,3 32,355 Mobile handset installment sales receivables e/o Mar 7 177,276 >> e/o Mar 8 479,516 Others 23,298 24,693 1,394 SBB: e/o Mar 7 94,275 >> e/o Mar 8 (89,178) SBTM: e/o Mar 7 69,331 >> e/o Mar 8 (66,882) Inventories 76,898 72,15 (4,747) SBM 39,187 49,668 1,48 Mobile handsets etc. Others 37,71 22,482 (15,227) SBB: e/o Mar 7 13,113 >> e/o Mar 8 11,118 SBTM: e/o Mar 7 18,743 >> e/o Mar 8 1,69 loss on disposal of fixed assets related to Otoku Line telecommunications equipment (12,6) Deferred tax assets 18,994 15,85 (3,144) SBM 95,26 52,14 (43,156) Others 13,733 53,745 4,12 Others 99,92 25,859 (74,43) SBM 54,765 (16,612) (71,377) Accounts receivable-other e/o Mar 7 61,578 >> e/o Mar 8 24,198 cash inflow due to sales of leased assets etc. Allowance for doubtful accounts e/o Mar 7 (19,35) >> e/o Mar 8 (6,195) Others 45,136 42,471 (2,665) 2

21 Consolidated B/S analysis (2) Tangible assets Current assets Fixed assets Current liabilities Long-term liabilities Equity Fixed assets e/o Mar 27 e/o Mar 28 Variance 3,59,24 2,973,337 (85,93) SBM 2,,516 1,986,51 (14,465) Others 1,58, ,286 (71,437) Property and equipment, net 1,29,852 1,29,265 (587) SBM 641, ,993 51,33 Others 388,19 336,272 (51,918) Buildings and structures 89,444 75,781 (13,663) SBM 32,543 31,566 (977) Network center etc. Others 56,9 44,215 (12,685) SBTM: e/o Mar 7 4,762 >> e/o Mar 8 28,984 Telecommunications equipment 694, ,37 49,252 SBM 52, ,486 7,93 Others 174,22 152,551 (21,65) SBTM: e/o Mar 7 118,121 >> e/o Mar 8 14,954 SBB: e/o Mar 7 52,722 >> e/o Mar 8 44,546 Telecommunications service lines 92,235 86,62 (6,172) SBM 8,325 9,399 1,74 Others 83,91 76,662 (7,247) SBTM: e/o Mar 7 83,198 >> e/o Mar 8 76,662 Land 27,747 23,442 (4,34) SBM 1,752 1,761 9 Others 16,995 12,681 (4,314) SBTM e/o Mar 7 11,499 >> e/o Mar 8 7,184, SOFTBANK IDC 5,1 Construction-in-progress 71,777 45,576 (26,21) SBM 42,456 21,9 (21,365) Others 29,321 24,485 (4,836) Others 53,861 54, SBM 27,2 28,688 1,686 Others 26,859 25,676 (1,183) Outline 21

22 22 Consolidated B/S analysis (3) Intangible assets Current assets Fixed assets Current liabilities Long-term liabilities Equity e/o Mar 27 e/o Mar 28 Variance Intangible assets, net 1,279,71 1,238,39 (41,41) SBM 1,155,239 1,119,643 (35,595) Others 124, ,665 (5,86) Goodwill 1,32, ,435 (58,491) SBM 981,41 929,982 (51,427) Decrease due to amortization Others 51,516 44,452 (7,63) Software 2, ,18 23,564 SBM 16, ,615 21,633 Others 39,633 41,564 1,93 SBTM: e/o Mar 7 18,333 >> e/o Mar 8 16,37 SBB : e/o Mar 7 8,316 >> e/o Mar 8 1,462 Others 46,168 39,693 (6,474) SBM 12,846 7,45 (5,81) Others 33,321 32,648 (673) Investments and other assets 749,677 75,763 (43,914) SBM Others 23, ,414 (3,2) 546,62 532,348 (13,713) Investment securities and investment in partnerships 487, ,997 (22,423) SBM 3,81 3, Others 484,34 461,814 (22,525) Shares of Yahoo! Inc., Alibaba Group Holding Limited etc Deferred tax assets 157, ,887 (3,895) SBM 154, ,841 (34,43) Others 3,538 7,46 3,57 Others 14, ,877 9,45 SBM 46,289 5,389 4,1 Outline Long-term prepaid expense e/o Mar 7 36,61 >> e/o Mar 8 41,793 Guarantee money paid e/o Mar 7 1,17 >> e/o Mar 8 8,554 Others 58,183 63,488 5,35 SBTM: long-term prepaid expense e/o Mar 7 13,43 >> e/o Mar 8 18,62 SB stand-alone: guarantee money paid e/o Mar 7 9,61 >> e/o Mar 8 9,627 Deferred charges 4,178 2,818 (1,359) SBM Others 4,178 2,818 (1,359)

23 23 Consolidated B/S analysis (4) Current liabilities Current assets Fixed assets Current liabilities Long-term liabilities Equity e/o Mar 27 e/o Mar 28 Variance Current liabilities 1,142,93 1,24,74 97,81 SBM 48, , ,532 Others 662,45 64,719 (57,73) Accounts payable - trade 195, ,279 (7,888) SBM 132, ,395 (19,187) Mobile handsets costs payable etc. Others 62,584 73,883 11,299 SBB: e/o Mar 7 47,54 >> e/o Mar 8 45,24 Overture newly consolidated +5,261 Short-term borrowings 193, , ,915 SBM , ,826 Short-term borrowings from installment sales receivables securitization structure +165,872 Others 193,58 282,597 89,89 SB stand-alone: e/o Mar 7 138,112 >>e/o Mar 8 218, *e/o Mar 8 includes cash receipts as collateral 13, SBTM: e/o Mar 7 23,2 >>e/o Mar 8 32, Yahoo Japan: e/o Mar 7 2, >>e/o Mar 8 2, Commercial paper 5, - (5,) SBM Others 5, - (5,) Current portion of corporate bonds 43,964 52,54 8,576 SBM Others 43,964 52,54 8,576 Transfer from long-term according to the redemption schedule SB stand-alone: e/o Mar 7 43,9 >> e/o Mar 8 52,5 Accounts payable - other 415, ,45 (51,11) SBM 293, ,317 (3,97) Mainly payable for capital equipment, operation expenses etc. Others 122,274 12,133 (2,14) SBTM: e/o Mar 7 54,895 >> e/o Mar 8 37,487 SBB: e/o Mar 7 34,82 >> e/o Mar 8 3,711 Current-portion of lease obligations 18,49 69,77 51,721 SBM 18,49 69,765 51,716 Investment in leased capital equipment transferred from long-term +11,63 payment of lease (49,887) Others Cash receipts as collateral 15, - (15,) SBM Others 15, - SB stand-alone: includes cash receipts as collateral under security deposit (15,) agreement in "short-term borrowings" at e/o Mar 8 Others 121,54 118,91 (3,412) SBM 36,385 24,532 (11,853) Others 85,118 93,559 8,44 Outline

24 24 Consolidated B/S analysis (5) Long-term liabilities e/o Mar 27 e/o Mar 28 Variance Long-term liabilities 2,451,712 2,469,472 17,759 SBM 1,562,942 1,713,534 15,592 Others 888,77 755,937 (132,833) Corporate bonds 422, ,211 22,611 SBM Outline Current assets Fixed assets Current liabilities Long-term liabilities Equity Others 422, ,211 22,611 SB stand-alone straight bonds: e/o Mar 7 18,59 >> e/o Mar 8 22,711 Breakdown: 24th, 25th, 26th series Unsecured Straight Bond +9, transferred to short-term (52,5) SB stand-alone convertible bonds: e/o Mar 7 15, >> e/o Mar 8 15, SBTM: e/o Mar 7 6,1 >> e/o Mar 8 6,1 Long-term debt 1,729,183 1,586,645 (142,537) SBM 1,439,687 1,414,232 (25,455) SBM loan e/o Mar 7 1,355,91 >> e/o Mar 8 1,276,488 Vodafone subordinate loan e/o Mar 7 84,596 >> e/o Mar 8 84,596 Installment sales receivables structure borrowings e/o Mar 8 53,145 Others 289, ,413 (117,81) SB stand-alone: e/o Mar 7 68, >> e/o Mar 8 2, SBTM: e/o Mar 7 52, >>e/o Mar 8 2, Yahoo Japan: e/o Mar 7 5, >> e/o Mar 8 3, Deferred tax liabilities 5,136 41,977 (8,158) SBM Others 5,136 41,977 (8,158) Allowance for point mileage 43,787 43,89 22 SBM 43,787 43,89 22 Allowance for point mileage Others Lease obligations 74, , ,531 SBM 74, , ,527 Breakdown: newly procured + 268,131, transferred to short-term (11,63) Others Others 131,41 11,331 (2,71) SBM 4,52 14,1 9,498 Others 126,539 96,33 (3,28) SBH: derivative liabilities e/o Mar 7 41,874 >> e/o Mar 8 2,541 SBB: deferred revenue (mainly modem rental business securitization advanced royalty balance), etc e/o Mar 7 26,392 >>e/o Mar 8 15,922

25 Consolidated B/S analysis (6) Equity Current assets Fixed assets e/o Mar 27 e/o Mar 28 Variance Outline Equity 716, , ,487 Shareholders' equity 158,515 37, ,697 Common stock 163,39 187,422 24,113 Exercise of stock subscription rights and stock acquisition rights Cash receipts for new stock subscriptions 1 - (1) Additional paid-in capital 187, ,74 24,71 Exercise of stock subscription rights and stock acquisition rights Accumulated deficit (192,271) (91,744) 1,527 Current period net income 18,624 Treasury stock (193) (26) (12) Current liabilities Long-term liabilities Equity Valuation and translation adjustments 124,434 76,529 (47,94) Unrealized gain on available-for-sale securities (41,74), deferred loss on derivatives under hedge accounting +15,172, foreign currency translation adjustments (21,372) Stock acquisition rights Minority interests [Consolidated Statements of Changes in Equity] 12month period from April 1, 27 to March 31, 28 Balance at Apr 1, 27 Changes of items during Increase in accumulated the period deflict due to adoption of new accounting standards at a subsidiary in the U.S. 3,18 12 (3,6) Decrease due to exercise e/o Mar breakdown: BBM 3, * Issue preferred stock to Vodafone International 43,16 464,862 34,755 Holdings BV, other mainly Yahoo Japan Corporation Common stock Additional paid-in capital Shareholders' equity Accumulated deficit Tresuary stock Total Valuation and translation adjustments Stock acquitision rights Minority interests Total equity 163,39 187,669 (192,271) (191) 158, ,434 3,18 43,16 716, (5,15) - (5,15) (5,15) Exercise of warrants 24,113 24,71 - (1) 48, ,183 Cash dividends - - (2,639) - (2,639) (2,639) Adjustments of accumulated deflicit due to change in scope of the consolidation - - (37) - (37) (37) Net income ,624-18, ,624 Items other than changes in shareholders' equity (12) (12) (47,94) (3,6) 34,755 (16,222) Total 24,113 24,71 1,527 (14) 148,697 (47,94) (3,6) 34, ,487 Balance at Mar 31, , ,74 (91,744) (26) 37,213 76, , ,725 25

26 26 Consolidated B/S analysis (6) Foreign currency translation adjustments Foreign currency translation adjustments decrease due to strong yen 1, Foreign currency translation adjustments Exchange rate (USD-JPY TTM) (JPY) 8, , 11 4, 28,81 35,967 3,643 25, , 9 7,437 6/ 7/Q1 7/ 7/ 7/ 8

27 27 - Consolidated P/L Analysis - Consolidated B/S Analysis - Consolidated C/F Analysis - CAPEX Status

28 Consolidated cash flow main breakdown <C/F> 49,266 Financing C/F +284,727 Investing C/F (322,461) Operating C/F +158,257 SBM Funding by installment sales receivables securitization 377,52 297,922 28, th, 25 th, 26 th series Unsecured Straight Bond 225,887 22,254 Acquisitions of SBM base stations etc. 89,462 59,5 44,175 44,846-7,58-49,91-52,815-45,576-58,38-69,53-6,956-55,411 Redemption: 2 nd, 18 th series Unsecured SB Partial redemption: 22 nd series Unsecured SB Euro senior notes etc. -234,874-32, ,677 Cash and cash equivalents at the end of the year Repayment of lease obligations Proceeds from sale and lease back of equipment newly acquired Proceeds from exercise of warrants Redemption of bonds Proceeds from issuance of bonds Repayment of long-term debt Proceeds from long-term debt Decrease in short-term borrowings Proceeds from sale of marketable and investment securities Purchase of marketable and investment securities Purchase of property & equipment & intangibles Income taxes paid Decrease in payables-trade Increase in notes & accounts receivabletrade (non-installment) Change in mobile handset installment receivables Equity in earnings of affiliated companies Amortization of goodwill Depreciation & amortization Income before income taxes and minority interests Cash and cash equivalents at the beginning of the year 28 *Significant items from the consolidated C/F statement are shown here.

29 29 - Consolidated P/L Analysis - Consolidated B/S Analysis - Consolidated C/F Analysis - CAPEX Status

30 CAPEX (acquisition basis) <CAPEX-1> CAPEX decrease in all segments, YoY JPY 96.bn decrease Completed first cycle of expansion of 3G base stations in mobile communications business 389,81 4, Mobile Communications BB Infrastructure 3, 293,72 Fixed-line Telecommunications Internet Culture e-commerce Others 2, 1, 148,946 FY25 FY26 FY27 FY25 FY26 FY27 Total Q1 Q1 Total Consolidated 148,946 73,31 13,512 88,52 124, ,81 85,857 64,763 66,31 76, ,72 Mobile Communications - 52,945 79,257 71,259 14,944 38,45 72,14 5,949 52,31 6,31 235,396 Broadband Infrastructure 47,652 5,335 6,397 4,699 5,674 22,16 5,84 4,869 5,862 5,476 21,292 Fixed-line Telecommunications 82,652 1,87 12,351 8,113 6,351 37,685 5,545 5,682 4,89 5,75 21,825 Internet Culture 12,834 2,635 3,562 2,87 5,949 15,17 1,928 2,379 2,71 3,568 1,578 e-commerce 2, ,122 2, ,418 Others 3, , , ,245 3,28 *Includes capital leases in which the ownership of leased assets is transferred to lessees, and those in which the ownership of leased assets is not transferred to lessees, at the end of each lease periods. 3

31 31 Depreciation and amortization (excl. amortization of goodwill) <CAPEX-2> Consolidated basis depreciation and amortization JPY 22bn (FY27) 3, Mobile Communications 22,254 BB Infrastructure 2, 189,92 Fixed-line Telecommunications Internet Culture e-commerce 1, 8,417 Others FY25 FY26 FY27 FY25 FY26 FY27 Total Q1 Q1 Total Consolidated 8,417 38,48 46,494 5,578 53, ,92 53,258 54,53 55,514 56,977 22,254 Mobile Communications - 18,563 27,48 3,415 32,991 19,17 33,579 34,867 36,2 37,3 141,768 Broadband Infrastructure 28,148 6,51 6,143 7,445 7,582 27,222 6,99 6,77 6,487 6,415 26,52 Fixed-line Telecommunications 41,625 1,334 9,987 1,337 1,168 4,826 9,687 9,482 9,478 9,411 38,6 Internet Culture 5,975 1,821 2,42 2,223 1,921 8,7 2,84 2,413 2,366 2,764 9,628 e-commerce 1, , ,84 Others 3, , ,192

32 32 Amortization of goodwill <CAPEX-3> Consolidated basis amortization of goodwill approx. JPY 6bn (FY27) 1, SOFTBANK MOBILE SOFTBANK TELECOM 5, 53,595 59,5 Others 6,272 FY25 FY26 FY27 FY25 FY26 FY27 Total Q1 Q1 Total Consolidated 6,272 1,94 15,93 15,693 11,29 53,595 14,71 14,755 14,84 14,788 59,5 SOFTBANK MOBILE - 9,365 14,157 14,113 9,55 47,141 12,856 12,856 12,856 12,856 51,427 SOFTBANK TELECOM 3, , ,884 Others 2, , ,737

33 33 Finance Yoshimitsu Goto General Manager Finance, Group Management SOFTBANK CORP.

34 34 - Financial Activities - Interest-bearing Debt & Shareholders Equity Status - Investment Results

35 35 Financial activities for FY7 <Financial activities-1> Financial activities Apr-7 Month Content Procure JPY 2.bn by issuing 24th Unsecured Straight Bond (3rd Fukuoka SoftBank HAWKS Bond) Listing of IT media Inc. on TSE Mothers market capitilization JPY 18.8bn as of the day of listing Apr 17 Jun-7 Procure JPY 88.1bn through the 1st securitization of the mobile handsets installment sales receivables Issue 25th, 26th series Unsecured Straight Bond and procure JPY 55.bn, JPY 15.bn respectively; total procurement of JPY 7.bn Listing of Carview Corporation on TSE Mothers (market capitilization JPY 28.7bn as of the day of listing Jun 12) Sep-7 Procure JPY 64.8bn through the 2nd securitization of the mobile handsets installment sales receivables Exercise stock acquisition rights (24 million shares x JPY1,837=44.bn) Oct-7 Nov-7 Dec-7 Mar-8 Renewal of credit line facility: size increased from JPY179.bn to JPY2.bn Listing of Alibaba.com Limited on HONG KONG Stock Exchange (market capitalization JPY 2.9tn as of the day of listing Nov 6) Procure JPY 71.5bn through the 3rd securitization of the mobile handsets installment sales receivables Procure JPY 56.1bn through the 4th securitization of the mobile handsets installment sales receivables Securitization of installment sales receivables Amount(Q1) Amount() Amount() Amount() Program for individual investors JPY 23.bn JPY 2.8bn JPY 28.bn JPY46.1bn Program for institutional investors JPY 65.1bn JPY 44.bn JPY 43.5bn JPY 1.bn Total JPY 88.1bn JPY 64.8bn JPY 71.5bn JPY 56.1bn

36 Credit market trend <Financial activities-2> Due to the worsening trend in the market our CDS and Euro yield has calmed down after expanding for a while <Softbank CDS(5yr) trend> <Euro notes yield> <Domestic corporate bonds yield> 1,2 (bp) 12. (%) 12. (%) 1, SB#26 SBTM#2 SBM# Euro-denominated Senior Notes Due 213 SB: 26 th series Unsecured Straight Bond SBTM: 2 nd series Unsecured Straight Bond SBM: 7 th series Unsecured Straight Bond *Graph interval Apr 27-Apr 28 Source: Reuters 36

37 Efficient financial procurement <Financial activities-3> Execute efficient procurement adjusted to market trends Main procurement in FY27 Method Amount Notes Exercise of stock acquisition rights Issue domestic corporate bonds (total amount issued) Increase size of credit line facility Securitization of installment receivables Lease financing 44.bn 9.bn 2.bn (credit line facility) 28.7bn 297.9bn 24 th,25 th,26 th Unsecured Straight Bond Secure liquidity Unused portion:165.bn e/o March Financing program using dual markets Financing through onbalance lease for Mobile Communications segment 37

38 38 - Financial Activities - Interest-bearing Debt & Shareholders Equity Status - Investment Results

39 Interest-bearing debt and net interest-bearing debt <Interest-bearing debt-1> Interest-bearing debt and net interest-bearing debt continue to decrease 3,, Interest-bearing debt Net interest bearing debt Securitization of installment receivables 2,, 1,, e/o Mar 6 e/o Mar 7 e/o Mar 8 FY25 FY26 FY27 e/o Mar e/o Jun e/o Sep e/o Dec e/o Mar e/o Jun e/o Sep e/o Dec e/o Mar Interest-bearing debt 1,5,293 2,679,595 2,54,57 2,62,83 2,544,43 2,627,179 2,66,351 2,557,356 2,532,969 Net interest-bearing debt 554,614 2,387,71 2,259,98 2,219,8 2,158,148 2,141,27 2,124,352 2,88,395 2,36,879 (cash receipts as collateral) 1, 15, 15, 15, 15, 13, 13, 13, 13, Cash and cash equivalents 45, ,524 28,958 41, , ,99 481, ,96 496,89 Interest-bearing debt (excl. the securitization of installment sales receivables) Net interest-bearing debt (excl. the securitization of installment sales receivables) 2,539,18 2,464,222 2,363,927 2,313,95 2,53,19 1,982,223 1,894,966 1,817,86 *1 Interest-bearing debt and net interest-bearing debt before e/o Dec 27 are calculated with retroactive adjustments by adding the cash receipts as collateral relating to marketable security lending transactions. *2 Lease obligations are not included in interest-bearing debt. 39

40 Interest-bearing debt and net interest-bearing debt (excl. mobile*) <Interest-bearing debt-2> Interest-bearing debt (excl. mobile) also repaid steadily 3,, Interest-bearing debt Net interest bearing debt 2,, 1,, Interest-bearing debt (excl. mobile) Net interest-bearing debt (excl. mobile) e/o Mar 6 e/o Mar 7 e/o Mar 8 FY25 FY26 FY27 e/o Mar e/o Jun e/o Sep e/o Dec e/o Mar e/o Jun e/o Sep e/o Dec e/o Mar 1,5,293 1,28,543 1,158,59 1,17,154 1,14,567 1,112,9 1,67, ,95 952, ,614 1,41,127 92,51 867, ,752 84, , , ,8 (cash receipts as collateral) 1, 15, 15, 15, 15, 13, 13, 13, 13, Cash and cash equivalents (excl. mobile) 45, , ,557 33,21 276, , , , ,754 *1 The debt balance of SOFTBANK MOBILE and BB Mobile have been deducted from the interest-bearing debt and net interest-bearing debt balance respectively. *2 Interest-bearing debt and net interest-bearing debt before e/o Dec 27 are calculated with retroactive adjustments by adding the cash receipts as collateral relating to marketable security lending transactions. *3 Lease obligations are not included in interest-bearing debt. 4

41 Interest-bearing debt status by item <Interest-bearing debt-3> SBM loan repaid steadily 3,, 2,, 2,544,43 2,532,969 Financing from the securitization of installment sales receivables(short- term) Financing from the securitization of installment sales receivables(long- term) CP 1,, 1,5,293 Short-term borrowings Long-term borrowings (SBM loan) Interest-bearing debt Long-term borrowings (other than SBM loan) Corpoorate bonds e/o Mar 6 e/o Mar 7 e/o Mar 8 FY25 FY26 FY27 e/o Mar e/o Jun e/o Sep e/o Dec e/o Mar e/o Jun e/o Sep e/o Dec e/o Mar 1,5,293 2,679,595 2,54,57 2,62,83 2,544,43 2,627,179 2,66,351 2,557,356 2,532,969 Corporate bonds (incl. bonds with maturity date within one year) 467, , , , , , , , ,751 SBM bonds - 125, 1, Long-term borrowings 29,37 388, ,918 1,72,95 1,729,183 1,718,399 1,666,923 1,644,65 1,586,645 SBM Loan (non-recourse) ,365,62 1,355,91 1,342,174 1,311,414 1,295,21 1,276,488 Financing from the securitization of installment sales receivables(long term) ,515 52,895 57,177 53,146 Others 29,37 388, , , ,92 324,79 32, ,45 257,1 Short-term borrowings (incl. long-term loans with maturity date within one year) 318,3 1,684,529 1,572,194 44,66 343, ,361 46, ,83 448,571 Vodafone acquisition bridge loan - 1,166, 1,173, Financing from the securitization of installment sales receivables(short term) ,645 89, , ,872 Cash receipts as collateral 1, 15, 15, 15, 15, 13, 13, 13, 13, Others 218,3 368, , ,66 193, , , , ,699 CP 1,4 14,6 1, 19,8 5, *1 Trust debt assumptions executed on SBM corporate bonds on Nov 3,26. *2 Interest-bearing debt before e/o Dec 27 is calculated with retroactive adjustments by adding the cash receipts as collateral relating to marketable security lending transactions. *3 Lease obligations are not included in interest-bearing debt. 41

42 Interest-bearing debt status details <Interest-bearing debt-4> Existing debt repaid, while securitization of installment sales receivables continues 2,5, 2,544,43 2,627,179 2,66,351 88, ,129 2,557,356 2,532, , ,18 Securitization of installment sales receivables obligations (SBM) 2,, SBM Loan (WBS) 1,5, 1,, 5, 1,355,91 1,342,174 84,596 84,596 7, 6, 563, ,828 1,311,414 84,596 6, 474,937 1,295,21 84,596 5, 4,685 1,276,488 84,596 5, 45,113 Vodafone subordinated loan Yahoo Japan Corporation borrowings Borrowings from other financial institutions, etc. SOFTBANK credit line 35, SOFTBANK other bank loans 73, SOTBANK cash receipts as collateral 13, SOFTBANK TELECOM syndicated loan 52, Major overseas subsidiaries financial institutions loans 14,896 Others 1,216 To tal 45, , , , , ,751 Corporate bonds & CP e/o Mar 7 e/o Jun 7 e/o Sep 7 e/o Dec 7 e/o Mar 8 *1 Interest-bearing debt before e/o Dec 27 is calculated with retroactive adjustments by adding the cash receipts as collateral relating to marketable security lending transactions. *2 Lease obligations are not included in interest-bearing debt. 42

43 43 SBM loan repayment status <Interest-bearing debt-5> SBM loan repaid steadily SBM loan repayment status SBM loan balance Cumulative amount repaid e/o Nov 26 (time of borrowing) JPY 1,366.bn - e/o Mar 28 e/o Apr 28 JPY 1,276.4bn JPY 1,261.9bn JPY 89.5bn JPY 14.bn Mobile communications business leverage ratio (a) (b) Mobile business interest-bearing debt balance Mobile communications business EBITDA (annualized) FY26 JPY 1,439.8bn JPY 384.1bn(*1) (a)/(b) Leverage ratio X3.7 X4.1 *1 Annualized by multiplying the Mobile Communications segment s FY6/H2 EBITDA by 2 FY27 JPY1,58.2 bn JPY 385.4bn

44 Consolidated interest-bearing debt Short/long ratio <Interest-bearing debt-6> Maintain high long-term debt ratio Consolidated interest-bearing debt Consolidated interest-bearing debt (excl. mobile ) 1% 1% 8% 15% 16% 18% 18% 2% 8% 36% 33% 35% 32% 35% 6% 4% 2% 85% 85% 82% 82% 8% Short-term ratio Long-term ratio 6% 4% 2% 65% 67% 65% 68% 65% Short-term ratio Long-term ratio % % e/o Mar 7 e/o Jun 7 e/o Sep 7 e/o Dec 7 e/o Mar 8 e/o Mar 7 e/o Jun 7 e/o Sep 7 e/o Dec 7 e/o Mar 8 e/o Mar 27 e/o Jun 27 e/o Sep 27 e/o Dec 27 e/o Mar 28 e/o Mar 27 e/o Jun 27 e/o Sep 27 e/o Dec 27 e/o Mar 28 Short-term 392,62 47, , ,655 51,111 Short-term: excl. mobile 392,472 37, ,24 315, ,137 Long-term 2,151,783 2,219,354 2,147,625 2,15,71 2,31,857 Long-term: excl.mobile 712,95 741,67 698, ,94 617,625 Total 2,544,43 2,627,179 2,66,351 2,557,356 2,532,969 Total: excl. mobile 1,14,567 1,112,9 1,67, ,95 952,762 Short-term ratio 15.4% 15.5% 17.6% 17.7% 19.8% Long-term ratio 35.5% 33.4% 34.6% 32.% 35.2% Long-term ratio 84.6% 84.5% 82.4% 82.3% 8.2% Short-term ratio 64.5% 66.6% 65.4% 68.% 64.8% Long-term ratio(excl. the securitization of installment sales receivables) 84.6% 85.4% 85.% 86.7% 85.5% *1 Interest-bearing debt before e/o Dec 27 is calculated with retroactive adjustments by adding the cash receipts as collateral relating to marketable security lending transactions. *2 Lease obligations are not included in interest-bearing debt. 44

45 45 Cash position <Interest-bearing debt-7> Maintained sufficient cash position Unused portion of credit line facility Cash&cash equivalents 661,89 6, 4, 511, ,254 2, e/o Mar 6 e/o Mar 7 e/o Mar 8 FY25 FY26 FY27 e/o Mar e/o Jun e/o Sep e/o Dec e/o Mar e/o Jun e/o Sep e/o Dec e/o Mar Cash and cash equivalents 45, ,524 28,958 41, , ,99 481, ,96 496,89 Unused portion of credit line facility 61, 3, 3, 39, 69, 119, 119, 185, 165, Total 511, ,524 31,958 44, ,254 64,99 6, ,96 661,89 Credit line facility total 161, 179, 2, 2,

46 Interest expense <Interest-bearing debt-8> YoY interest expense increased due to procurement of SBM loan 12, 114,863 9, 79,521 6, 3, 27,5 FY25 FY26 FY27 FY25 FY26 FY27 Total Q1 Q1 Total Interest expense 27,5 14,61 17,943 2,994 25,981 79,521 26,96 28,413 28,198 31,29 114,863 Stock bailment fees ,576 3,576 Stock bailment fees 2, , * Interest expense for FY27 includes stock bailment fees relating to marketable security lending transactions. 46

47 47 Shareholders equity - equity ratio <Interest-bearing debt-9> Equity ratio steadily improved due to accumulation of profit and the exercise of stock acquisition rights 2,, 3% 1,5, 1,, 5, 13.4% Shareholders' equity Equity ratio 6.6% 8.4% 2% 1% e/o Mar 6 e/o Mar 7 e/o Mar 8 % Total assets Shareholders' equity Equity ratio FY25 FY26 FY27 e/o Mar e/o Jun e/o Sep e/o Dec e/o Mar e/o Jun e/o Sep e/o Dec e/o Mar 1,88,398 4,31,3 3,986,991 4,191,853 4,31,852 4,456,521 4,458,579 4,485,56 4,558,91 242, , , ,8 282, , , ,65 383, % 5.8% 6.2% 6.4% 6.6% 7.1% 7.9% 8.7% 8.4%

48 (Reference) pro-forma equity ratio including unrealized gain of SOFTBANK held listed shares Improving trend in pro-forma equity after consideration of ratio unrealized gain of SOFTBANK held listed shares <Interest-bearing debt-1> Assumption 2,, 54.5% Shareholders' equity (pro-forma) Equity ratio (pro-forma) 6% 1,5, 5% 4% 1,, 23.5% 25.5% 3% 5, 2% 1% e/o Mar 6 e/o Mar 7 e/o Mar 8 FY25 FY26 FY27 Based on e/o Mar e/o Jun e/o Sep e/o Dec e/o Mar e/o Jun e/o Sep e/o Dec e/o Mar May 7 share price Total assets (A) 1,88,398 4,31,3 3,986,991 4,191,853 4,31,852 4,456,521 4,458,579 4,485,56 4,558,91 4,558,91 Shareholders' equity (B) 242, , , ,8 282, , , ,65 383, ,742 SB unrealized capital gain (C) 2,364,93 1,969,358 1,326,262 1,364,9 1,232,65 1,243,96 1,243,982 1,385,935 1,439,524 1,285,61 Loss carry-forwards (D) 538,55 538,55 538,55 538,55 538,55 57, ,81 549, , ,182 Taxable unrealized capital gain ( E=C-D ) 1,826,875 1,431,33 788,27 825, , , ,91 836,37 994, ,879 tax (F=E 4%) 73,75 572, ,283 33, , , ,96 334, , ,952 Unrealized capital gain after tax ( G=C-F ) 1,634,18 1,396,837 1,1,979 1,33, , ,411 98,22 1,51,52 1,41, ,19 Shareholders' Equity ( H=B+G ) 1,876,947 1,632,36 1,26,141 1,31,427 1,237,761 1,29,537 1,333,457 1,441,125 1,425,529 1,332,851 Total assets ( I=A+G ) 3,442,578 5,427,84 4,997,97 5,225,48 5,265,664 5,43,932 5,438,61 5,536,576 5,6,688 5,58,1 Equity ratio ( J=H/I ) 54.5% 3.1% 25.2% 24.9% 23.5% 23.8% 24.5% 26.% 25.5% 24.2% *Unrealized gain of SOFTBANK held listed shares is calculated based on the share price of investment securities (listed & public companies only), held by fully owned domestic and overseas subsidiaries of SOFTBANK CORP., at the end of each quarter. *Loss carryforwards of FY26 was assumed to be equal to the balance at the end of Mar 27. % 48

49 49 EBITDA CAPEX by segment <Interest-bearing debt-11> Manage sufficient C/F in each segment FY27 EBITDA-CAPEX Segment EBITDA (a) CAPEX (b) (a-b) Mobile Communications 385, ,396 15,7 Broadband Infrastructure 7,313 21,292 49,21 Fixed-line Telecommunications 47,964 21,825 26,139 Internet Culture 126,459 1, ,881 e-commerce 4,35 1,418 2,887 Others (Including elimination or corporate ) -7,846 3,28-11,54 Total 626, ,72 332,941

50 Debt/Equity ratio - Net Debt/Equity ratio <Interest-bearing debt-12> D/E ratio improving steadily Debt/Equity ratio Net Debt/Equity ratio (times) (times) 14. D/E ratio 14. D/E ratio D/E ratio (excl. mobile) D/E ratio (excl. mobile) /Q1 7/Q1 *1 Interest-bearing debt and net interest-bearing debt before e/o Dec 27 are calculated with retroactive adjustments by adding the cash receipts as collateral relating to marketable security lending transactions. *2 Lease obligations are not included in interest-bearing debt. *3 Excluding Mobile: SOFTBANK MOBILE and BB Mobile s balance has been deducted from consolidated interest-bearing debt and net interest-bearing debt balance respectively. 6/Q1 7/Q1 5

51 Interest-bearing debt/ EBITDA ratio <Interest-bearing debt-13> Interest-bearing debt/ebitda ratio is improving steadily 3,, Interest-bearing debt EBITDA Interest-bearing debt/ebitda ratio (times) ,, 2 1,, ,, FY22 FY23 FY24 FY25 FY26 FY27-1 *1 Interest-bearing debt before e/o Dec 27 is calculated with retroactive adjustments by adding the cash receipts as collateral relating to marketable security lending transactions. *2 Lease obligations are not included in interest-bearing debt. 51

52 Major margins <Interest-bearing debt-14> Major margins improved dramatically EBITDA margin Operating margin Ordinary margin (bn JPY) (bn JPY) (bn JPY) 8 6% 4 3% 3 2% EBITDA EBITDA margin 5.3% 13.5% 22.6% 2.7% 5% 4% 3% 2% 1% % Operating (loss) income Operating margin 5.6% 25% 2% 11.7% 15% 1.7% 1% 5% % (5) Ordinary (loss) income Ordinary margin 2.5% 6.% 15% 9.3% 1% 5% % -5% (2) FY22 FY23 FY24 FY25 FY26 FY27-1% -2% (1) FY22 FY23 FY24 FY25 FY26 FY27-5% -1% (1) (15) FY22 FY23 FY24 FY25 FY26 FY27-1% -15% 52

53 SBM on-balance lease balance <Interest-bearing debt-15> Execute lease related to 3G base stations 6, 51,221 51,15 5, 4, 3, 36,353 14, ,453 1, , ,126 8, ,282 18,56 16,86 179, ,662 Operating leases (off-balance) Fin. leases without ownership transfer (off-balance) 2, 1, 199,55 22,58 265, , ,267 Fin. leases with ownership transfer (on-balance) 93,13 e/o Mar 6 e/o Jun 7 e/o Sep 7 e/o Dec 7 e/o Mar 8 FY26 FY27 e/o Mar e/o Jun e/o Sep e/o Dec e/o Mar Finance leases in with ownership transfer 93,13 22,58 265, , ,267 Finance leases in without ownership transfer 199,55 195, , , ,662 Operating leases 14,284 1,931 8,455 18,56 16,86 Total 36, , ,126 51,221 51,15 53

54 54 Corporate bond details (as of e/o Mar 28) <Interest-bearing debt-16> Company name Bond Issue date Maturity date Interest rate (%/year) Collateral Mar 7 balance Jun 7 balance Sep 7 balance Dec 7 balance Mar 8 balance Change 2nd series Unsecured Straight Bond (paid off) 1995/9/27 27/9/ None 23,9 23,9 (23,9) 18th series Unsecured Straight Bond (paid off) 25/1/31 28/1/ None 2, 2, 2, 2, (2,) 19th series Unsecured Straight Bond 25/1/31 21/1/ None 2, 2, 2, 2, 19, (1,) 2th series Unsecured Straight Bond (1st Fukuoka SoftBank HAWKS bond) 25/6/9 28/6/ None 12,5 12,5 12,5 12,5 12,5-21st series Unsecured Straight Bond 25/9/14 28/9/ None 2, 2, 2, 2, 2, - 22nd series Unsecured Straight Bond 25/9/14 21/9/ None 38, 38, 38, 38, 36,4 (1,6) 23rd series Unsecured Straight Bond (2nd Fukuoka SoftBank HAWKS bond) 25/11/29 28/11/ None 2, 2, 2, 2, 2, - SOFTBANK 24th series Unsecured Straight Bond (3rd Fukuoka SoftBank HAWKS bond) 27/4/26 21/4/ None 2, 2, 2, 2, 2, 25th series Unsecured Straight Bond 27/6/19 211/6/ None 55, 55, 55, 55, 55, 26th series Unsecured Straight Bond 27/6/19 214/6/ None 15, 15, 15, 15, 15, Convertible Bond due 213 (*1) 23/12/3 213/3/ None 5, 5, 5, 5, 5, - Convertible Bond due 214 (*1) 23/12/3 214/3/ None 5, 5, 5, 5, 5, - Convertible Bond due 215 (*1) 23/12/3 215/3/31 2. None 5, 5, 5, 5, 5, - Euro-denominated Senior Notes due 211 (*2) 24/3/8 211/3/ None (672) Euro-denominated Senior Notes due 213 (*2) 26/1/12 213/1/ None 68,887 69,77 69,53 69,838 57,311 (5m Euro) (5m Euro) (5m Euro) (5m Euro) (425m Euro) (11,576) SOFTBANK TELECOM 1st series Unsecured Straight Bond 24/12/7 29/12/7 2. None 45, 45, 45, 45, 45, - 2nd series Unsecured Straight Bond 24/12/7 211/12/ None 15, 15, 15, 15, 15, - Phoenix JT Subordinated Notes Due /12/24 216/12/ None 32,4 32,4 32,4 32,4 32,4 - Other corporate bonds (64) Total , , , ,68 497,751 31,188 (*1) Concerning CB due 213, 214, 215, under certain conditions early redemption of these bonds due to the holders' or companies request is possible respectively after 27, 28, and 29. (*2) Euro-denominated Senior Notes Due 211were redeemed. Also 74.5m EUR of the Euro-denominated Senior Notes Due 213 was redeemed during FY27. (*3)The above table does not include straight bonds issued by SOFTBANK MOBILE, on which a debt assumption was executed.

55 55 Bond redemption schedule <Interest-bearing debt-17> FY8 FY9 FY1 FY11 FY12 FY13 FY14 FY15 FY16 Others SOFTBANK Straight Bond 52,5 19, 56,4 55, 57,311 15, SOFTBANK TELECOM Straight Bond 45, 15, SOFTBANK CB (*) 5, 5, 5, Phoenix JT Subordinated Notes 32,4 Other corporate bonds 14 Total 52,5 64, 56,4 7, 5, 17,311 65, 32,4 14 (*) Concerning CB due 213, 214, 215, under certain conditions early redemption of these bonds due to the holders' or companies request is possible respectively after 27, 28, and 29.

56 56 - Financial Activities - Interest-bearing Debt & Shareholders Equity Status - Investment Results

57 57 Investment results <Investment results-1> Main investments in FY27 Company name Amount 1 Alibaba Group Holding Limited 7,115 2 TELEWAVE 3,715 3 GameOn 3,85 4 GMO Internet 1,4 5 YUMENOMACHI SOUZOU-IINKAI 1,285 Others (capial/interest gain purpose and fund) 17,389 Others 11,585 Total 45,576 Main investments since April 28 Company name Amount 1 JAPANTELECOM INVOICE 25,5 2 Oak Pacific Interactive 1,212 Total 35,712

58 Acquire shares of JAPANTELECOM INVOICE <Investment results-2> Enhance sales of Otoku Line by making JAPANTELECOM INVOICE a full subsidiary 4, 3, JAPANTELECOM INVOICE Results Net sales Operating income 33, Acquired shares: 85.1% of the JAPANTELECOM INVOICE shares held by INVOICE Acquisition value: JPY 25.5bn 2, 1, ,863 2,5 SOFTBANK TELECOM 1% (before acquisition 14.9%) INVOICE % (before acquisition 85.1%) JAPANTELECOM INVOICE (JTI) -1, -7,415 JTI s Otoku Line 46k accumulated (*1 ) lines e/o Dec 27-2, -3, -2,484 e/o Mar 6 e/o Mar 7 e/o Mar 8 (forecast) approx. 5% of Otoku Line corporate lines acquisitions (*1) Quoted based on INVOICE INC. earnings results presentation for the third quarter of FY27 58

59 Investment in Oak Pacific Interactive <Investment results-3> Enhance base in Asia further Oak Pacific Interactive 25 2 (m) No. of Registered Users Approx. 25m (e/o Apr 28) Operates biggest SNS Xiaonei in China 15 like Facebook, mixi 1 5 Oct Jan Apr Jul Oct Jan Apr

60 FY28 financial strategies 6 Towards appropriate level of leverage Maximize FCF in each segment and decrease interest-bearing debt Improve various financial indices and equity ratio Improve credit rating as a result of the above Respond to market trends flexibly Minimize financial risks in each of the markets Secure diverse procurement methods selectively depending on market conditions Improve procurement costs by business segment and its objectives IR activities up to speed as business expands Sustain proactive quarterly domestic and overseas IR meetings Approach all layers of investors Satisfy requests from debt and equity markets thoroughly

61 61 Operation Kazuhiko Fujihara Senior Vice President, CFO, Director SOFTBANK MOBILE Corp. Senior Vice President & CFO, Director SOFTBANK BB Corp. Director SOFTBANK TELECOM Corp.

62 Actual overview of major 3 telecommunication companies 62 <Broadband Infrastructure Business> <m JPY> FY25 FY26 FY27 Total Q1 Total Q1 Total Net Sales 268,451 63,322 65,728 67,266 67,91 264,227 65,747 64,72 64,34 63,98 258,69 Operating income 2,672 5,479 6,189 7,747 7,393 26,89 8,665 1,32 11,39 9,44 39,7 EBITDA 48,91 11,85 12,6 15,48 15,743 55,61 15,962 17,513 18,573 18,264 7,313 <Fixed-line Telecommunications Business> FY25 FY26 FY27 Total Q1 Total Q1 Total Net Sales 354,233 88,673 93,276 93,712 98, ,129 9,486 9,986 89,979 99,288 37,74 Operating income (loss) (25,158) 1,212 (916) (2,63) (656) (2,965) (111) 46 1,375 1,615 3,34 EBITDA 21,496 12,643 1,248 8,939 1,758 42,588 11,14 11,351 12,442 13,65 47,964 <Mobile Communications Business> FY25 FY26 FY27 Total Q1 Total Q1 Total Net Sales - 232, ,991 43, ,252 1,442,4 391, ,841 46,81 41,26 1,63,851 Operating income - 27,293 29,341 56,96 42,22 155,743 43,528 5,691 53,76 26, ,57 EBITDA - 55,82 73,615 14,82 87, ,484 92,429 14,91 18,3 8, ,466 *Net sales is the total sum of external sales and internal sales between segments. *Operating results of SOFTBANK MOBILE Corp. from May and June are reflected in the FY26/Q1 results.

63 63 - Broadband Infrastructure Business - Fixed-line Telecommunications Business - Mobile Communications Business

64 64 Summary - Broadband Infrastructure business - <BB-1> Yahoo! BB ADSL decrease in number of lines -355k lines YoY, QoQ decrease of -134k lines Yahoo! BB ADSL cumulative lines installed (k lines) FY26 FY27 Q1 Q1 QoQ YoY 5,89 5,146 5,161 5,164 5,134 5,42 4,943 4,89 (134) (355) Operating income significant increase Operating sustains increasing trend Broadband Infrastructure business operating income FY25 Total Q1 FY26 Total Q1 FY27 Total 2,672 5,479 6,189 7,747 7,393 26,89 8,665 1,32 11,39 9,44 39,7

65 65 Operating income/loss (Broadband Infrastructure business) <BB-2> Sustain increasing income trend ( m JPY) 2, 1, -1, -2, Impact of modem rental business sale 11,39 12,321 1,32 Operating income (loss) excl. impact of ,44 9,361 8,665 modem rental business sale 5,479 7,747 7, , Operating income (loss) (SB consolidated 6,189 1,77 Broadband Infrastructure segment) +7,649 9,575 11,163 6,35 9,373 1,712 5,36 6,363 8,171 7,85 (4,494) -16 3, (6,594) (12,474) (16,34) (17,981) (18,337) (2,775) (19,95) (28,89) FY26 FY27 26,89 39,7-3, 3/Q1 4/Q1 5/Q1 6/Q1 7/Q1

66 66 EBITDA (Broadband Infrastructure business) <BB-3> Sustain increase in EBITDA 2, 1, -1, (23,676) Impact of modem rental business sale EBITDA excl. impact of modem rental business sale EBITDA (SB consolidated Broadband Infrastructure segment) (5,851) (1,54) (11,8) (11,451) (15,21) (14,2) 18,122 16,345 18,573 17,513 18,264 15,962 15,743 12,6 15,48 +4,856 11,85 +5,828 18,85 2,32 18,57 19,962 2,158 14,963 17,582 14,955 11,42 1,516 13, ,23-3,15-2,363-2,649-1,839-2,843-2,449-1,747-1,893-2, FY26 FY27 55,61 7,313-3, 3/Q1 4/Q1 5/Q1 6/Q1 7/Q1

67 CAPEX on acquisition basis (Broadband Infrastructure business) <BB-4> CAPEX stabilized within range of depreciation and amortization CAPEX and depreciation and amortization (quarterly trend) CAPEX (yearly trend) 25, 1, 2, CAPEX Depreciation & amortization 8, 15, 6, 1, 4, 83,91 5, 6,51 6,143 7,445 7,582 6,99 6,77 6,487 6,415 5,335 6,397 4,699 5,674 5,84 4,869 5,862 5,476 2, 47,652 22,16 21,292 6/Q1 7/Q1 FY24 FY25 FY26 FY27 67

68 Number of lines and full charged users - ADSL - <BB-5> Cumulative installed lines -355k YoY, 134k lines decrease QoQ k lines) 6, 5, 4,889 4,972 5,7 5,49 5,89 5,146 5,161 5,164 5,134 5,42 4,943 4,776 4,89 4,658 4,49 4,282 Cumulative lines installed Full charged users 4, 3, 4,13 4,26 4,381 4,436 4,462 4,474 4,534 4,575 4,524 4,45 4,423 4,34 4,261 3,784 3,938 3,571 June 28 White Call 24 starts Enhancement of Yahoo! BB ADSL 2, 1, 4/Q1 5/Q1 6/Q1 7/Q1 68

69 Product MIX - ADSL - <BB-6> Increase of high speed service and WLAN ratio continues 1% YBB 5MR+WLAN 9% YBB 5MR 8% YBB 5M+WLAN 7% YBB 5M 1% 9% 8% 7% 5M ratio 3.7% YBB 26M+WLAN 6% 6% YBB 26M YBB 12M+WLAN YBB 12M YBB 8M+WLAN 5% 4% 3% 5% 4% 3% WLAN ratio 3.2% YBB 8M YBB 8M (ADSL only) BB Phone only 2% 1% 2% 1% % 3/Q1 4/Q1 5/Q1 6/Q1 7/Q1 % 69

70 ARPU (User payment base*) - ADSL - <BB-7> Slight decrease in ARPU (JPY) 5, 4,5 4, 3,5 3, 2,5 JPY 4,292 Yahoo! ISP BB security BB phone WLAN Modem rental revenue Basic charge 2, 1,5 1, 5 1/ 2/Q1 3/Q1 4/Q1 5/Q1 6/Q1 7/Q1 *The above graph is based on user s payment. The impact of the modem rental business sale is not reflected. From FY7/Q1 part of Yahoo ISP revenue recorded as basic charge (no impact on user s charge). 7

71 ARPU (based on sales after modem rental business sell-off) - ADSL - <BB-8> Decrease in modem rental revenue, servicing fee etc. received (JPY) 5, 4,5 4, 3,5 3, 2,5 2, ARPU trend on user payment basis Recognition of deferred gain on sale Servicing fee,etc. from modem operator Yahoo! ISP BB security BB phone WLAN Modem rental revenue 1,5 Basic charge 1, 5 1/ 2/Q1 3/Q1 4/Q1 5/Q1 *The above graph is based on user s payment of fully charged users. The impact of the modem rental business sale is included. From FY7/Q1 part of Yahoo! ISP revenue recorded as basic charge (no impact on user s charge). 6/Q1 7/Q1 71

72 72 Churn rate - ADSL - <BB-9> Slight deterioration in recent trend 1.% 8.% Caused by one-off seasonal factors (moving, etc.) 6.% 4.% 2.%.% Dec-4 Mar-5 Jun-5 Sep-5 Dec-5 Mar-6 Jun-6 Sep-6 Dec-6 Mar-7 Jun-7 Sep-7 Dec-7 Mar-8 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Average FY % 1.19% 1.17% 1.34% 1.25% 1.13% 1.24% 1.11% 1.45% 1.29% 1.24% 1.78% 1.31% FY % 1.27% 1.3% 1.34% 1.35% 1.38% 1.33% 1.47% 1.42% 1.5% 1.67% 2.31% 1.48% FY % 1.73% 1.58% 1.55% 1.5% 1.57% 1.57% 1.48% 1.56% 1.67% 1.69% 2.52% 1.69% FY % 1.76% 1.73% 1.75% 1.68% 1.67% 1.8% 1.8% 2.2% 1.58% 2.31% 2.83% 1.91% FY6 VS FY 7.7PP.3PP.15PP.2PP.18PP.1PP.23PP.32PP.46PP -.9PP.62PP.31PP.22PP

73 73 - Broadband Infrastructure Business - Fixed-line Telecommunications Business - Mobile Communications Business

74 74 Summary - Fixed-line Telecommunications business - <Fixed-1> Expand corporate business base Increasing lines, mainly for Otoku Line Corporate voice lines Otoku Line + MYLINE (k lines) FY26 FY27 Q1 Q1 QoQ YoY 1,345 1,561 1,672 1,736 1,717 1,736 1,735 1, Income (loss) trend improving Achieved operating profitability due to the enhancement of corporate lines and efficient management (after amortization of goodwill) Fixed-line Telecommunications business operating income (loss) FY25 Total Q1 FY26 Total Q1 FY27 Total (25,158) 1,212 (916) (2,63) (656) (2,965) (111) 46 1,375 1,615 3,34 *FY6/Q1: includes reversal of JPY 2,575 million for retirement benefits.

75 Operating income/loss (Fixed-line Telecommunications business) <Fixed-2> Operating profitability stabilizes due to the enhancement of corporate lines and efficient management 1, -1,787 2,928 1, , ,375 1,615-1, -14,297-12,29-14,89-2, -21,767-3, 4/ 5/Q1 6/Q1 7/Q1 75

76 76 EBITDA (Fixed-line Telecommunications business) <Fixed-3> Improving trend in profitability due to the enhancement of corporate lines and efficient management 2, 1, 9,177 14,21 12,643 1,248 8,939 11,14 1,758 11,351 13,65 12, , ,28-1, 4/ 5/Q1 6/Q1 7/Q1

77 CAPEX on acquisition basis (Fixed-line Telecommunications business) <Fixed-4> CAPEX stabilized within range of depreciation and amortization CAPEX and depreciation and amortization (quarterly trend) CAPEX (yearly trend) 5, 2, 4, CAPEX Depreciation & amortization 15, 6 months Oct-Mar 3, 2, 1, 186,873 9,987 1,334 1,337 1,1689,687 9,482 9,478 1, 9,411 1,87 12,351 8,113 6,351 5,545 5,682 4,89 5,75 6/Q1 7/Q1 5, 82,652 37,685 Q1 21,825 Q1 FY24 FY25 FY26 FY27 77

78 Corporate ratio in net sales (SBTM consolidated) <Fixed-5> Corporate business enhanced steadily (bn JPY) Corporate net sales Consumer net sales Corporate ratio 1 82% 83% 84% 85% 86% 86% 8% 77% 78% 73% 75% 8 88% 1% 8% 6 6% 4 4% 2 2% 5/Q1 6/Q1 7/Q1 % Mobile phone sales business of former Telecom Service Co., Ltd. in FY5 is deducted. 78

79 Number of Otoku Line/MYLINE users <Fixed-6> Otoku Line surpasses MYLINE (k lines) 2, 1,762 1, , Corporate MYLINE Corporate Otoku Line Jul Sep Dec Mar Jul Sep Dec Mar Jul Sep Dec Mar

80 Number of lines - Otoku Line - <Fixed-7> Number of Otoku Line lines steadily increasing due to enhancement of corporate business (k lines) 1,6 1,4 Heisei Denden Large corporation 1,41 1,2 1, SME(excl.JTI) SME(JTI) Consumer 848 1,221 Corporate lines 986k (Corporate ratio: 7%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Jul Mar Apr May Jun Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar April 28 Acquired JAPANTELECOM INVOICE CO., LTD. =>Enhancement of acquiring lines June 28 White Line 24 starts =>Promoting fixed mobile convergence 8

81 81 ARPU - Otoku Line - <Fixed-8> Sustain firm trend in large corporations ARPU (JPY) 12, Large corporations Total 1, 8, 6, 4, 2, 5/Q1 6/Q1 7/Q1

82 Improving synergy between mobile and fixed-line <Fixed-9> Mobile White Plan *1 White Call 24 White Line 24 Free 24 hour voice calls *2 *3 *3 Free 24 hour voice calls *4 *1 Fixed fee (+98 JPY)/line *2 Both contracts and application for White Call Service (free) are required *3 Does not apply to international communication *4 Requires fixed separate fee 82

83 83 - Broadband Infrastructure Business - Fixed-line Telecommunications Business - Mobile Communications Business

84 84 Summary - Mobile Communications business - Steady increase in cumulative subscribers No. 1 position in net additions for FY27 Achieved 2.67 million cumulative subscribers YoY Ref: Apr 28 <Mobile-1> Net additions :192,9 Cumulative sub: 18,779,1 (ref. Apr 27: 163,6) (k lines) FY26 FY27 Q1 Q1 QoQ YoY Cumulative subscribers 15,24 15,37 15,497 15,99 16,441 17,53 17,614 18, ,678 Operating income sustains firm trend Sustain increasing income trend Mobile Communications operating income SBM consolidated operating income FY25 Total Q1 FY26 Total Q1 FY27 Total - 27,293 29,341 56,96 42,22 155,743 43,528 5,691 53,76 26, ,57 76,35 31,162 18,31 5,667 34, ,67 38,844 46,62 5,996 25, ,44 *Operating results of Mobile Communications from May and June are reflected in the FY26/Q1 results.

85 85 Operating income (SB consolidated / Mobile Communications) <Mobile-2> Achieve YoY increase in operating income and growth of subscribers 2, 11 months May-Mar 174,57 15, 155,743 1, +JPY 18.8bn (12%) increase 5, Q1 Q1 FY26 FY27 FY25 Total Q1 FY26 Total Q1 FY27 Total Operating income - 27,293 29,341 56,96 42,22 155,743 43,528 5,691 53,76 26, ,57

86 86 EBITDA (SB consolidated / Mobile Communications) <Mobile-3> Achieve YoY increase in operating income and growth of subscribers 4, 11 months May-Mar 385, ,428 3, 2, +JPY 63.9bn (2%) increase 1, Q1 FY26 Q1 FY27 FY25 Total Q1 FY26 Total Q1 FY27 Total EBITDA - 55,82 73,615 14,82 87, ,484 92,429 14,91 18,3 8, ,466