Softbank Group Corp. · TSE:9984
Softbank — Q1 2026 Earnings Presentation
25 slides from Softbank's earnings presentation, Jun 30, 2026
Slide 1: Investor Briefing: SoftBank Vision Funds
QUARTER ENDED JUNE 30, 2026 Investor Briefing SoftBank Vision Funds MARK AGNE Executive Managing Partner, SB Investment Advisers & SB Global Advisers
Slide 2: Important Information (1 of 2)
Important Information (1 of 2) This presentation (this “Presentation”) is furnished to you for informational purposes in connection with the interests of SoftBank Group Corp. (together with its affiliates, “SoftBank”) in SoftBank Vision Fund L.P. (together with, as the context may require, any paral
Slide 3: Important Information (2 of 2)
Important Information (2 of 2) Vision Fund 1 performance herein is based on unrealized valuations of portfolio investments. Valuations of unrealized investments are based on assumptions and factors (including, for example, as of the date of the valuation, average multiples of comparable companies, a
Slide 4: AI Buildout Continued While Markets Remained Volatile
PERFORMANCE UPDATE AI Buildout Continued While Markets Remained Volatile As of June 30, 2026 Market Volatility Remained Elevated Capex Estimated to Reach $725B Data Center Capacity Continued to Ramp # DAYS WITH +/-1.5% MOVE1 HYPERSCALER CAPEX2 GLOBAL DATA CENTER SUPPLY3 USA Momentum Index | 2006 – 2
Slide 5: Quarterly Gross Fair Value Performance
SVF1 SVF2 LATAM PERFORMANCE UPDATE PORTFOLIO UPDATE QUARTERLY GROSS FAIR VALUE PERFORMANCE 1 +$2.4B $(0.5B) $(0.3B) +$1.7B SVF1 SVF2 LATAM COMBINED PRIVATE +$2.8B +$0.4B $(0.1B) +$3.1B Quarterly PUBLIC $(0.4B) $(0.9B) $(0.2B) $(1.4B) Performance Private investment gains Private investment gains Priv
Slide 6: Performance Snapshot
SVF1 SVF2 LATAM PERFORMANCE UPDATE PORTFOLIO UPDATE SoftBank SoftBank SoftBank Vision Fund 1 Vision Fund 2 LatAm Funds Combined4 Total LP Commitments $98.6B $143.2B $7.8B $249.6B Acquisition Cost1 $87.8B $110.7B $7.5B $206.1B Performance Snapshot Cumulative Gross Investment Gains/(Losses)1 $29.1B $2
Slide 7: Our ASI-Ready Portfolio is Valued at $123B
SVF1 SVF2 LATAM PERFORMANCE UPDATE PORTFOLIO UPDATE Our ASI-Ready Portfolio is Valued at $123B As of June 30, 2026 Physical AI SoftBank ASI AI Platforms AI Compute Framework AI Infrastructure The graphic is provided solely for illustrative purposes and reflects the current belief of the Manager. The
Slide 8: SoftBank ASI Framework: AI Platforms
SVF1 SVF2 LATAM PERFORMANCE UPDATE PORTFOLIO UPDATE SoftBank ASI Framework: AI Platforms As of June 30, 2026 Category-wide Momentum as SELECT VISION FUNDS INVESTMENTS4 AI Usage Surges, Costs Fall Physical AI KEY INDUSTRY METRICS SoftBank $80B+ Total AI Startup Revenue1 ASI AI Platforms AI Compute Fr
Slide 9: OpenAI: Continued Momentum Amid GPT-5.6 Release, Codex Growth
SVF2 PORTFOLIO UPDATE OpenAI: Continued Momentum Amid GPT-5.6 Release, Codex Growth As of July 31, 2026 RECENT DEVELOPMENTS CONFIDENTIAL S-1 NEW MODELS & FEATURES2 CODEX GROWTH SUBMITTED1 COMPOUNDED Released Powerful GPT-5.6 Model Series >10mm Announced confidential submission of Codex Weekly Draft
Slide 10: OpenAI: $55B Funded Out of Planned $65B Total
SVF2 PERFORMANCE UPDATE PORTFOLIO UPDATE OpenAI: $55B Funded Out of Planned $65B Total As of July 31, 2026 SVF2 OPENAI INVESTMENT OVERVIEW4 $55B $20B FUNDED SINCE APRIL 2026 +$10B $65B UNREALIZED COST1 +$10B $100B +$10B UNREALIZED FAIR VALUE1 $35B Flat QoQ FAIR VALUE CHANGE2 TOTAL ~13% SVF2 OWNERSHI
Slide 11: SoftBank ASI Framework: Physical AI
SVF1 SVF2 LATAM PERFORMANCE UPDATE PORTFOLIO UPDATE SoftBank ASI Framework: Physical AI As of June 30, 2026 Vision Funds Physical AI SELECT VISION FUNDS INVESTMENTS & Portfolio Overview RECENT ROUNDS2 Physical AI KEY INVESTMENT THEMES Autonomous Systems SoftBank ASI Intelligent Infrastructure AI Pla
Slide 12: Private Investments Overview
SVF1 SVF2 LATAM PERFORMANCE UPDATE PORTFOLIO UPDATE Private Investments Overview As of June 30, 2026 TOP FAIR VALUE DRIVERS5 KEY METRICS $2.2B FV uplift enabled by strong FY25 performance & FY26 outlook, supported by core 373 CURRENT PRIVATE INVESTMENTS1 platform growth and a leading AI position in
Slide 13: Vision Funds Portfolio Companies Continue to Attract Capital
SVF2 PORTFOLIO UPDATE Vision Funds Portfolio Companies Continue to Attract Capital As of July 31, 2026 Recent Funding Rounds1 Late-Stage Series C Series G Series F Series E Series F COMPANY UPDATES $600mm+ 12mm+ 1st Company 5x Faster $200mm 4,500+ Annual Recurring Apps Built on To Achieve 150mm °C S
Slide 14: Late-Stage Portfolio Valued at $133B
SVF1 SVF2 LATAM PERFORMANCE UPDATE PORTFOLIO UPDATE Late-Stage Portfolio Valued at $133B As of June 30, 2026 L AT E - S T AGE P O R T F O L I O 2 $133B 89% VIS IO N & L ATAM FU N D S Late-Stage Portfolio % of Total Private Fair Value2 Unrealized FV2 62 SELECT COMPANIES3 Cumulative Listings Since Inc
Slide 15: Public Investments Overview
SVF1 SVF2 LATAM PERFORMANCE UPDATE PORTFOLIO UPDATE Public Investments Overview Top 10 Public Investments by Fair Value | As of June 30, 2026 QUARTERLY FV QUARTERLY STOCK INVESTMENT FV ($B)2 COMMENTARY6 SVF1 SVF2 LATAM CHANGE ($MM)4 MOVEMENT5 +$273 $0.8 +53% Reported 20% increase in units sold in Q2
Slide 16: PayPay and DiDi: Largest Quarterly Fair Value Movers
SVF1 SVF2 PERFORMANCE UPDATE PORTFOLIO UPDATE PayPay and DiDi: Largest Quarterly Fair Value Movers Three-Month Period Ended June 30, 2026 Total Cost1 Total FV2 Total Cost1 Total FV2 $2.1B $3.1B $12.1B $3.2B Despite strong profitability growth, 201% YoY, and expanding China mobility business reached
Slide 17: Continued Focus on Monetization as Total Distributions Reach $82B
SVF1 SVF2 LATAM PERFORMANCE UPDATE PORTFOLIO UPDATE Continued Focus on Monetization as Total Distributions Reach $82B As of June 30, 2026 TOP PUBLIC EXITS YTD3 CUMULATIVE DISTRIBUTIONS SINCE INCEPTION1 $82.0B SVF1 JUNE 2026 QUARTER $78.5B DISTRIBUTIONS2 +$1.7B $58.0B $66.6B $0.4B 1.6x $53.4B YTD Gro
Slide 18: Vision Funds: Advancing the Next Stage of the AI Revolution
SVF1 SVF2 LATAM Vision Funds: Advancing the Next Stage of the AI Revolution JUNE 2026 QUARTER IN REVIEW VISION FUNDS PORTFOLIO OVERVIEW Invested across the full ASI stack, with an ASI-ready portfolio valued at $123B1 ASI-Ready AI-Enabled Recorded a $2.2B QoQ FV gain in ByteDance – enabled Portfolio
Slide 19: Appendix
Appendix m= OOftBank 1 Investment Advisers
Slide 20: SVF1 Distributions to Limited Partners
SVF1 SVF1 Distributions to Limited Partners Since Inception to June 30, 2026 Total Distributions (A) (B) (C) (D) (E) = (B)-(C) Fund Drawn Return of Pref Coupon / 3 Outstanding 2 Commitment Capital 1 Capital Equity Gains 4 Capital Preferred Equity $40.0B $36.2B $33.2B $9.5B $3.1B Equity $58.6B $53.0B
Slide 21: SVF1 Contribution to SBG, Net of 3rd Party Interests
SVF1 SVF1 2026 Inception to Jun 30 Fund Net Profit2 $15.6 Less: Change in 3rd Party SVF1 Contribution Interests in Fund (7.7) to SBG, Net of 3rd SBG LP Income: 7.9 Share of Fund Net Profit Party Interests1,3 SBG GP Income: Amounts in USD Billions 1.4 Management & Performance Fees3 Contribution to SB
Slide 22: SVF1 Contribution to SBG
SVF1 SBG Paid-In Capital1 SVF1 Contribution $27.7B to SBG SBG Total Value2 As of June 30, 2026 $21.0B $35.6B Net Asset Value3 Distributions4 $14.6B Footnotes: 1. SBG Paid-In Capital represents SBG Commitment drawn down through capital calls less Return of Recallable Unutilized Contributions. 2. SBG
Slide 23: SVF2 Contribution to SBG
SVF2 SBG Paid-In Capital1 SVF2 Contribution $103.7B to SBG SBG Total Value2 As of June 30, 2026 $109.5B $119.2B Net Asset Value3 Distributions4 $9.7B Footnotes: 1. SBG Paid-In Capital represents SBG Commitment drawn down through capital calls less Return of Recallable unutilized Contributions. SBG P
Slide 24: LatAm Funds Contribution to SBG
LATAM SBG Paid-In Capital1 LatAm Funds $7.3B Contribution SBG Total Value2 to SBG $5.4B $6.4B Net Asset Value3 As of June 30, 2026 Distributions4 $1.0B Footnotes: 1. SBG Paid-In Capital represents SBG Commitment drawn down through capital calls less Return of Recallable unutilized Contributions. SBG
Slide 25: Thank You
Thank You SoftBank Vision & LatAm Funds Investor Briefing Presentations Available at visionfund.com/presentations 25