Softbank Group Corp. · TSE:9984
Softbank — Q3 FY2017 Earnings Presentation
113 slides from Softbank's earnings presentation, Feb 7, 2018
Slide 1: Earnings Results for the 9-month Period ended December 31, 2017
Earnings Results for the 9-month Period ended December 31, 2017 February 7, 2018
Slide 2: Legal Disclaimers for SoftBank Presentation
Legal Disclaimers for SoftBank Presentation This presentation (this “Presentation”) is furnished to you for informational due diligence purposes and is not, and may not be relied on in any manner as, legal, tax, investment, accounting or other advice or as an offer to sell or a solicitation of an of
Slide 3: Disclaimer
Disclaimer This material was prepared based on information available and views held at the time it was made. Statements in this material that are not historical facts, including, without limitation, plans, forecasts and strategies are “forward-looking statements”. Forward-looking statements are by t
Slide 4: What is SoftBank?
SoftBank What is SoftBank?
Slide 5: Consolidated SoftBank Results
Consolidated = SoftBank Results
Slide 6: Consolidated Results
Consolidated Results FY2016 FY2017 (JPY bn) Q1-Q3 Q1-Q3 Change YoY Net sales 6,581.5 6,811.3 +229.8 +4% Adjusted EBITDA 1,991.8 2,056.3 +64.5 +3% EBIT 929.3 1,148.8 +219.5 +24% Net income 845.8 1,014.9 +169.1 +20% excl.: sale of Supercell shares,* gain on sale of Alibaba shares, derivative loss, and
Slide 7: Net Sales
Net Sales (JPY bn) 6,581.5 6,811.3 Arm 2,652.0 2,722.2 Sprint Up 4% 829.1 878.3 Distribution & others 630.8 651.5 Yahoo Japan Domestic Telco 2,400.7 2,406.9 Decrease in telecom service revenue and increase in product & sales FY2016 FY2017 *Arm’s earnings reflected since September 6, 2016 Q1-3 Q1-3 *
Slide 8: Adjusted EBITDA 2,056.3
Adjusted EBITDA 2,056.3 1,991.8 (JPY bn) Up 3% 2003 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 ’13 ’14 ’15 ’16 ’17 (FY) Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Japanese-GAAP IFRSs *FY2013-14: excluding impact of GungHo & Supercell 6
Slide 9: Adjusted EBITDA
Adjusted EBITDA (JPY bn) 1,991.8 2,056.3 Arm 787.7 938.8 Sprint Cost reduction effort Up 3% 179.2 166.7 Yahoo Japan 994.7 964.0 Domestic Telco Upfront investment (Home Bundle Discount, customer rewards, etc.) *Arm’s earnings reflected since September 6, 2016 FY2016 FY2017 Distribution *Distribution
Slide 10: EBIT 1,148.8
EBIT 1,148.8 (JPY bn) Up 24% 929.3 2003 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 ’13 ’14 ’15 ’16 ’17 (FY) Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Japanese-GAAP IFRSs * FY2013-14: excluding impact of GungHo & Supercell 8
Slide 11: EBIT 1,148.8
EBIT 1,148.8 SVF & Delta Fund 236.4 Valuation gain (mainly from NVIDIA) (JPY bn) Sprint 929.3 145.2 150.5 291.8 Cost reduction effort Gains from spectrum license exchange Yahoo Japan Up 24% 142.7 Domestic Telco Upfront investment 651.5 612.7 (Home Bundle Discount, customer rewards, etc.) Distributio
Slide 12: Net Income
Net Income Up 20% (JPY bn) 1,014.9 845.8 2016 2017 Q1-3 Q1-3 Net income: net income attributable to owners of the parent 10
Slide 13: Net Income 1,362.2
Net Income 1,362.2 Up 39% (JPY bn) Impact from changes to Sprint’s deferred tax under provisions of new US tax law 922.7 687.7 Sale of Supercell shares and gain on sale of 674.5 Alibaba shares 436.7 486.0 -77.0 -347.3 Derivative loss (in relation to monetization of Alibaba shares) 409.0 327.2 2016 2
Slide 14: JPY 1.2t Reversal
*Tax effects are not included in the below amounts. *Simulation at time of settlement, assuming that share price is same as that as of Dec. 31, 2017 *Gain on sale of Alibaba shares is estimated based on the carrying amount of JPY 1.2t Alibaba shares on consolidated basis as of Dec. 31, 2017. *Amount
Slide 15: Financial Status
Financial Status Domestic Telco Other Businesses KK (incl. Sprint acquisition cost) etc. Net interest- Net interest- JPY bearing debt JPY 3.3t bearing debt 5.1t Adjusted JPY 1.2t 2.8x Equity value of JPY 23% EBITDA holdings 22.4t * Net interest-bearing debt as of Dec. 31, 2017. Excluding financial l
Slide 16: Sprint
Sprint »
Slide 17: Net Operating Revenue
Net Operating Revenue (USD bn) 24.8 24.3 Down 2% 2014 ’15 ’16 ’17 (FY) Q1-3 Q1-3 Q1-3 Q1-3 15
Slide 18: Cost Reduction
Cost Reduction (USD bn) 12.1 11.2 USD 1bn SG&A reduction * Cost of service 2016 2017 (FY) Q1-3 Q1-3 *Excluding hurricane and other non-recurring charges 16
Slide 19: Adjusted EBITDA
Adjusted EBITDA (USD bn) 8.3 Doubled in Joined SoftBank Group 5 years 3.6 2012 '13 ’14 ’15 ’16 ’17 (FY) Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 17
Slide 20: Operating Income
Operating Income (USD bn) 2.5 1.3 Up 92% 2013 ’14 ’15 ’16 ’17 (FY) Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 18
Slide 21: Net Income
Net Income 7.3 (USD bn) Re-measurement of deferred tax assets Positive and liabilities under provisions of new US tax law 7.1 even excluding impact of tax reform -0.9 2014 ’15 ’16 ’17 Q1-3 Q1-3 Q1-3 Q1-3 (FY) 19
Slide 22: Adjusted Free Cash Flow
Adjusted Free Cash Flow (USD bn) 1.1 0.5 Doubled *Adjusted FCF: cash provided by operating activities 2013 ’14 ’15 ’16 ’17 (FY) + cash used in investing activities (excluding short-term investments) + proceeds from sales of Q1-3 Q1-3 Q1-3 Q1-3 Q1-3 future lease receivables, net of repayments 20
Slide 23: Average Download Speed
Average Download Speed Increased 60% Dec. 2016 Dec. 2017 *Average download speed increase based on Ookla’s analysis of Speedtest Intelligence data comparing Dec. 2016 to Dec. 2017 for all mobile results 21
Slide 24: Next-Gen Network Strategy
Next-Gen Network Strategy Strategic New Tri-Band TDD Spectrum Agreements Macro Sites Existing Sites Advantage Massive Small Cells Magic Box MIMO 22
Slide 25: 5G Network
Sprint B 9G Network
Slide 26: Standardization Completed
Standardization Completed 2.5GHz 2.5GHz 4G 4G + 5G 2018 2019 (3GPP Release15) 24
Slide 27: Top Speed Improvement
Top Speed Improvement 2.4Gbps Spectrum: 2.5GHz 4G 4G is using CA+4x4 MIMO 5G 1.7Gbps 1Gbps 700Mbps 40MHz 60MHz 100MHz 4G (60MHz) Bandwidth +5G (100MHz) CA: Carrier Aggregation 25
Slide 28: Vendors' Support
Vendors’ Support Snapdragon 855 Fusion Platform Deploying Massive MIMO sites from 2018 SDM855 + SDX50 Modem Expanding to all major markets in 2019 * Device ecosystem vendors to be announced later 26
Slide 29: Lead in Mobile 5G
Lead in Mobile 5G Most spectrum Massive MIMO Best spectrum 204MHz 158MHz 100MHz 115MHz 110MHz Channels Wide area coverage (mid-band) Verizon AT&T T-Mobile Sprint 27
Slide 30: Accelerate growth strategy
Sprint Corporation President & Chief Financial Officer Michel Combes Former CEO of Altice N.V. Former CEO at Vodafone Europe Accelerate growth strategy 28
Slide 31: FY2017 Forecast
FY2017 Forecast Mid-point of 1 Adjusted EBITDA $10.8-11.2bn 2 Operating income $2.5-2.7bn Low-end of 3 Cash CAPEX $3.5-4bn 4 Adjusted FCF $500-700m *Cash CAPEX excluding CAPEX associated with purchasing leased devices from indirect channels 29
Slide 32: Yahoo Japan
YAHOO! JAPAN
Slide 33: Advertising Revenue
Advertising Revenue (JPY bn) 77.8 72.9 37.5 40.2 Display ads Up 7 35.4 37.5 Search ads 2013 ’14 ’15 ’16 ’17 (FY) Q3 Q3 Q3 Q3 Q3 31
Slide 34: Biggest selection in Japan
Yahoo! Shopping # of Items ショッピング 290m ＜赤＞ ＜グレー＞ PANTONE 185 PANTONE Cool Gray 11 DIC 156 DIC 541 M91%+Y76% BL80% R255・G0・B51 #545454 Gray ●2行ロゴ リンク用ロゴなどスペースが狭い場合に使用できます。 Biggest selection ショッピング ショッピング ●その他色指定 白抜き利用の場合（背景色は任意） ※紫ロゴは原則使用しないでください in Japan ＜紫＞ ショッピング PANTONE 259 DIC 227 C65%+M100%+K15
Slide 35: Shopping Transaction Value
Shopping Transaction Value ショッピング (JPY bn) 180.4 ＜赤＞ PANTONE 185 DIC 156 M91%+Y76% R255・G0・B51 ＜グレー＞ PANTONE Cool Gray 11 DIC 541 BL80% #545454 Gray ●2行ロゴ リンク用ロゴなどスペースが狭い場合に使用できます。 Up 28 140.7 ショッピング ショッピング ●その他色指定 白抜き利用の場合（背景色は任意） ※紫ロゴは原則使用しないでください ＜紫＞ ショッピング PANTONE 259 DIC 227 C65%+M100%+K15% R12
Slide 36: Further Growth with New Executive Team
Yahoo Japan Corporation President and Representative Director (scheduled) Kentaro Kawabe Current Senior Executive Vice President Corporate Officer, Chief Operating Officer (COO Further Growth with New Executive Team 34
Slide 37: Arm
arm
Slide 38: Arm-based Chips Shipped
Arm-based Chips Shipped 15.5bn 12.5bn Up 24% (CY) 36
Slide 39: Revenue
Revenue (JPY bn) 153.2 Up 7% 143.1 (USD 1.37bn) (USD 1.28bn) FY2016 FY2017 (Apr. 2016 - Dec. 2016) (Apr. 2017 - Dec. 2017) *USD 1 = JPY 111.82 (average exchange rate of Apr. 2017 - Dec. 2017) 37
Slide 40: Applications processor for next-generation smartphones
(Unveiled details on Jan. 4, 2018) Applications processor for next-generation smartphones CPU: 2.9GHz Quad-core (Custom CPU) +1.9GHz Quad-core (Cortex®-A55) GPU: Mali™-G72 AI enables advanced face recognition 38
Slide 41: Collaborate in development of Arm-based HPC
Collaborate in development of Arm-based HPC * HPC: High Performance Computing 39
Slide 42: Deployed in
Deployed in Powered by customized NVIDIA Tegra processor - based on Arm technology 40
Slide 43: Arm-based IoT products
Small cell- Wireless earbuds Smart display equipped drone Arm-based IoT products Bitcoin Home Security security mining machine camera 41
Slide 44: FY2017 Forecast
FY2017 Forecast 1 Create new IoT opportunities 2 Gain more share in long-term growth markets 3 Accelerate investment in new technology 42
Slide 45: Alibaba Group
& 2 fAlibaba Group 5 WBPPSZ
Slide 46: Alibaba Revenue and EBIT
Total EBIT Revenue JPY 1.4t USGAAP 908.4bn Up 56% (Source) Created by SoftBank Group Corp. based on publicly available 2011 2012 2013 2014 2015 2016 2017 historical information published by Alibaba Group Holding Limited Oct.-Dec. Oct.-Dec. Oct.-Dec. Oct.-Dec. Oct.-Dec. Oct.-Dec. Oct.-Dec. USD 1.00 =
Slide 47: Non-GAAP Net Income
Non-GAAP Net Income JPY 460.7bn USGAAP Non-GAAP (Excluding the gains and losses related to share based compensation expenses, amortization of intangible assets, revaluation of investments etc.) 383.7bn Up 20% (Source) Created by SoftBank Group Corp. based on publicly available 2011 2012 2013 2014 20
Slide 48: Free Cash Flow
Free EBIT Cash Flow JPY 787.2bn USGAAP Non-GAAP Up 35% 582.1bn (Source) Created by SoftBank Group Corp. based on publicly available 2013 2014 2015 2016 2017 historical information published by Alibaba Group Holding Limited Oct.-Dec. Oct.-Dec. Oct.-Dec. Oct.-Dec. Oct.-Dec. USD 1.00 = JPY 112.74, USD
Slide 49: SoftBank Vision Fund
<> rorTRESs
Slide 50: Deal Summary
Deal Summary Acquired all outstanding shares Total: USD 3.3bn Transaction completed on Dec. 27, 2017 48
Slide 51: Enhance Investment Strategy
Purpose of Acquisition Investment platform Expertise Leadership Enhance Investment Strategy 49
Slide 52: 50
50
Slide 53: Expanding Group of Innovative Entrepreneurs
Expanding Group of Innovative Entrepreneurs * (Outside SoftBank Vision Fund) (Ping An Good Doctor) Ping An HealthKonnect *Investments led by SB Investment Advisers (the “Manager"): The investments presented herein are solely for illustrative purposes and have been selected to showcase the variety of
Slide 54: Real estate big data platform
Supply/ Search demand Buyers / Custo- mer Sellers / renters Trans- action lenders Pricing Inven- tory Market Real estate big data platform 52
Slide 55: CAGR Sales Volume
CAGR Sales Volume (2014-17) +389% 2014 '15 '16 '17 (Source) Compass 53
Slide 56: No.1 used car wholesaler in Europe
Sellers Dealers Leverage big data (pricing) Finance Logistics No.1 used car wholesaler in Europe (Source) AUTO1 Group 54
Slide 57: Cars sold and Dealers
Cars sold 420k Dealers 40k 2013 '14 '15 '16 '17 2013 '14 '15 '16 '17 (Source) AUTO1 Group 55
Slide 58: Katerra Integrated Model
Integrated Model Mobile Smart Material Supply Energy IoT apps home science chain system Design & Material Manufacturing Assembly engineering sourcing Completed & delivery * Architects projects End-to-end design & architecture technology platform * Delivery is partially outsourced (Source) Katerra 56
Slide 59: Half the time
Project timeline * 28~36 mo. Half the time 15 mo. Industry average Katerra * The time it takes to design and construct a 330-unit apartment (Source) Katerra 57
Slide 60: No.1 on-demand dog walking & dog care app
Dog owners Dog walkers No.1 on-demand dog walking & dog care app * (Source) Wag! * in the U.S. 58
Slide 61: Monthly active customers
Monthly Monthly active customers active dog walkers 58,000+ 20,000+ Jan. Oct. Oct. Oct. Jan. Oct. Oct. Oct. '15 '15 '16 ‘17 '15 '15 '16 ‘17 (Source) Wag! 59
Slide 62: China's largest one-stop healthcare portal
Filing for IPO (Ping An Good Doctor) Online/AI One-hour *3 consultation Online sale E-prescription delivery of In-house medical team of medication approx.1,000 *1 medication Registered users 192mil *2 China’s largest one-stop healthcare portal (Source) Ping An Good Doctor *1 888 personnel as of Dec.
Slide 63: China's largest managed care platform
Ping An HealthKonnect China’s largest managed care platform Process Medical simplification Data Advice Data expenditure Data Influence on Data of insurance claims (medical process) insurance price control Healthcare Social health Patients providers insurance Commercial health insurance Covers 800m p
Slide 64: Uber
UBER
Slide 65: A world leader in ride-sharing service
Monthly riders Monthly drivers Daily rides 75m 3m 15m A world leader in ride-sharing service (Source) Uber (numbers during December 2017) 63
Slide 66: Transaction Overview
Transaction Overview Total investment approx. USD 7.7bn Ownership 15% Two board seats *1 The largest shareholder *2 *1 Subject to applicable regulatory approval *2 Investment in Uber is held by a subsidiary of SoftBank Group Corp. and may be offered to SoftBank Vision Fund in the future, subject to
Slide 67: Global ride-sharing portfolio
*1 *2 15m rides / day 25m rides / day *3 1.5m rides / day *3 3.5m rides / day Global ride-sharing portfolio *1 Investment in Uber is held by a subsidiary of SoftBank Group Corp. and may be offered to SoftBank Vision Fund in the future, subject to applicable consents and regulatory and other approval
Slide 68: Issue IT Companies Face
Issue IT Companies Face 66
Slide 69: 30-Year Cycle
Issue IT Companies Face 30-Year Cycle 67
Slide 70: Why 30 years?
Why 30 years? Business Technology Founder model 68
Slide 71: Solution
Solution 69
Slide 72: SB Synergy Group
SB Synergy Group Organization that keeps growing for 300 years 70
Slide 73: Video
Video February 1999 71
Slide 74: Lecture for managers at Attackers Business School
*Lecture for managers at Attackers Business School 72
Slide 75: SB Synergy Group: Strategic Partnerships
No.1 No.1 No.1 No.1 No.1 No.1 No.1 No.1 No.1 No.1 No.1 No.1 No.1 No.1 No.1 No.1 No.1 SB Synergy Group: Strategic Partnerships 73
Slide 76: Zaibatsu vs SB Synergy Group
Zaibatsu SB Synergy Group (Japanese conglomerate) No.1 Banking Chemicals No.1 No.1 (10%) No.1 (20%) (No.3) (No.15) (30%) (10%) No.1 Real estate Foods No.1 (20%) (No.5) (No.12) No.1 (30%) (10%) No.1 Life insurance Industry No.1 (20%) (10%) (No.2) (No.19) No.1 No.1 No.1 (30%) Trading Construction (20%
Slide 77: Concentration SB Synergy Group
Concentration SB Synergy Group No.1 No.1 No.1 (10%) No.1 (20%) (30%) (10%) No.1 No.1 No.1 (20%) No.1 (30%) (10%) No.1 (100%) No.1 (10%) (20%) No.1 No.1 No.1 (30%) (20%) (20%) Risk (high) Risk (low) 75
Slide 78: What is SoftBank?
SoftBank What is SoftBank?
Slide 79: Strategic Holding Company
Strategic Holding Company 77
Slide 80: Preparations started for SBKK IPO
KK Preparations started for SBKK IPO * SBKK = SoftBank Corp. 78
Slide 81: Preparations Started for SBKK IPO
Preparations Started for SBKK IPO SoftBank Group Corp. to be strategic holding company SBKK to promote self-driven and flexible growth strategy Realize value of domestic telecom business Emphasize consideration of dividend policy Also carefully study impact on SoftBank Group Corp.’s credit and cash
Slide 82: Current Investors
Current Investors × Private company Investment KK SBKK No direct investment opportunity in Domestic Telco * SBKK = SoftBank Corp. 80
Slide 83: After Listing Investors
After Listing Investors Enable investment Investment (Listing) KK SBKK Address variety of needs * SBKK = SoftBank Corp. 81
Slide 84: Domestic Telco
ea OOftBank x« Domestic Telco
Slide 85: Upfront investment this year, EBIT growth next
Domestic Telco EBIT Domestic Telco Temporary upfront (JPY bn) investment 651.5 612.7 Upfront investment this year, EBIT growth next *After FY2014: Domestic Telecommunications segment Up to FY2013: Mobile Communications segment + Fixed-line telecommunications segment + Broadband Infrastructure segmen
Slide 86: Leading IT Industry in Japan
Leading IT Industry in Japan E-Commerce Revolution KK iPhone 3G Vodafone K.K. Acquisition Yahoo! Keitai Yahoo! BB Yahoo! JAPAN Launch Launch 1996 2001 2006 2008 2013 84
Slide 87: SBKK Subs 3x in 12 years
SBKK Subs 43m *1 KK 15m 3x (in 12 years) FY05 FY17Q3 * SBKK = SoftBank Corp. *1 Total number of main subscribers, communication modules and PHS 85
Slide 88: Yahoo! JAPAN Users 13x in 18 years
Yahoo! JAPAN # of Users 90m 13x (in 18 years) 7m Feb. 1999 FY17Q3 *1 Number of monthly average daily unique browsers of 2017 Q3 *2 Number of monthly unique users in Feb. 1999 86
Slide 89: To a New Stage of the Information Revolution
To a New Stage of the Information Revolution 87
Slide 90: Beyond Carrier
Beyond Carrier KK 88
Slide 91: Third wave: IoT AI
Third wave IoT AI Second wave Mobile Internet First wave PC 90s 2008 Now 89
Slide 92: Growth Strategy
Growth Strategy Domestic Telco Expand Generate customer base new businesses 90
Slide 93: Growth Strategy
Growth Strategy Domestic Telco Expand Generate customer base new businesses 91
Slide 94: Upfront Investment for Customer Base Expansion
Upfront Investment Domestic Telco for Customer Base Expansion Ultra GIGA Monster Family Discount Half Price Support for iPhone Home Bundle Discount Long-term loyalty benefits Address Comfortable online Customer rewards various needs shopping experience 92
Slide 95: Customer Satisfaction
Customer Satisfaction Domestic Telco Half Price Support for iPhone Ultra GIGA Monster Family Discount 87% 89% 83% Satisfied Satisfied Satisfied *SoftBank’s survey of service subscribers (2018/1/6-9) 93
Slide 96: Net Additions (smartphone)
Net Additions (smartphone) Domestic Telco 1.13m 0.84m Steady growth 0.49m (FY) *Net Additions = net additions of cumulative smartphone subscribers (including upgrades) 94
Slide 97: Churn rate (smartphone)
Churn rate (smartphone) Domestic Telco 1.30% 0.88% Improved 0.84% ’15 ’16 ’17 (FY) Q3 Q3 Q3 95
Slide 98: 2 brands to address various needs
Domestic Telco Large capacity Low price Stress free Smartphone debut 2 brands to address various needs 96
Slide 99: Steady expansion in both brands
Cumulative Subs (smartphone) EBIT Domestic Telco Steady expansion in both brands ’15 ’16 ’17 (FY) Q3 Q3 Q3 97
Slide 100: Strategic Alliance with LINE MOBILE
Strategic Alliance with LINE MOBILE Acquiring online channel KK Device supply Marketing *The investment ratio after the conclusion of this transaction is planned to be: LINE, 49%; SoftBank Corp., 51%, and the transaction is planned to be completed around March 2018. 98
Slide 101: Cumulative Subs (FTTH Service)
Cumulative Subs (FTTH Service) Domestic Telco 4.67m Steady growth 3.14m 1.22m *SoftBank Hikari includes the data of SoftBank Air 99
Slide 102: Growth Strategy
Growth Strategy Domestic Telco Expand Generate customer base new businesses 100
Slide 103: Accelerate Businesses in Various Fields
Domestic Telco Accelerate Businesses in Various Fields EC / Payment Fintech Security Cloud AI / Self-driving cars Others 101
Slide 104: Yahoo! Shopping # of Buyers
Yahoo! Shopping # of Buyers Domestic Telco Total of “SoftBank” and “Y!mobile” users (via smart login) 10x loyalty points campaign, etc. 1.99m 3x since launch 0.59m Jan. 2017 Jun. Sep. Dec. Before campaign 102
Slide 105: To Be Incubator in Japan
To Be Incubator in Japan KK 103
Slide 106: Cutting-edge Business Models
Domestic Telco Cutting-edge Business Models Incubator / JV SoftBank Vision Fund (Outside SoftBank Vision Fund) KK Developing best practices Certain "SoftBank Vision Fund" investments described herein have not yet been acquired by SVF and are subject to pending regulatory approvals. There can be no a
Slide 107: Successive launches in 2018
Ark Hills South Marunouchi Shimbashi GINZA SIX (Roppongi) Kitaguchi Scheduled to Scheduled to Opened on Feb. 1 Scheduled to open in Apr. open in Apr. open on Mar. 1 Successive launches in 2018 *Images of Ginza, Shimbashi and Marunouchi Kitaguchi are for illustration purposes Photo credits: WeWork 10
Slide 108: Robot substitutes costly floor cleaning duty
+ Robot substitutes costly floor cleaning duty (Planned to launch in summer of 2018) Commercial facility Station Warehouse Airport 106
Slide 109: Beyond Carrier
Beyond Carrier KK 107
Slide 110: SBKK = Central company of SB Synergy Group
KK SBKK = Central company of SB Synergy Group * SBKK = SoftBank Corp. 108
Slide 111: Company that Keeps Growing for 300 Years
Company that Keeps Growing for 300 Years 109
Slide 112: SoftBank
SoftBank
Slide 113: Adoption of IFRSs; Trademarks and registered trademarks
1. Adoption of IFRSs SoftBank Group Corp. adopted the International Financial Reporting Standards (IFRSs) from fiscal 2013. Figures for fiscal 2012 have also been presented in accordance with IFRSs. 2. Trademarks and registered trademarks The names of other companies, other logos, product names, ser